ANGLO AMERICAN PLC - Anglo American announces its intention to sell its 50% interest in Lafarge Tarmac

Anglo American announces its intention to sell its 50% interest in Lafarge Tarmac

Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name JSE: Anglo
Share code JSE: AGL
Short name NSX: Anglo-AMRC NM
Share code: NSX: ANM
ISIN number: GB00B1XZS820
(the "Company")

NEWS RELEASE
7 July 2014

Anglo American announces its intention to sell its 50% interest in Lafarge Tarmac to
Lafarge for a minimum value of £885 million ($1.5 billion) (subject to Lafarge / Holcim
merger related conditions, including Lafarge Tarmac being deemed an acceptable
divestment remedy by the regulators)

Anglo American plc ("Anglo American") announces that it has reached an agreement in
principle for the sale of its 50% ownership interest in Lafarge Tarmac Holdings Limited
("Lafarge Tarmac" or the "JV") to Lafarge SA ("Lafarge") for a minimum value of £885 million
(approximately $1.5 billion) in cash, on a debt and cash free basis and subject to other
customary working capital adjustments.

An announcement is being made at this stage as Lafarge intends to offer a full divestment of
the JV to the European Commission as a remedy for the UK market in respect of the proposed
merger of Lafarge and Holcim Ltd (“Holcim”). Under the terms of the in principle agreement,
which is not legally binding, the sale will be subject to a number of conditions including the
completion of the Lafarge /Holcim merger, the divestment of Lafarge Tarmac being accepted as
a suitable remedy and approval of this sale transaction by the necessary regulators. Lafarge
and Holcim have announced that they expect the merger to be completed in the first half of
2015. Anglo American and Lafarge will work towards finalising the terms of a definitive
agreement in Q3 2014.

In the event that a subsequent divestment of Lafarge Tarmac is agreed within 18 months of this
sale being completed, then Anglo American will participate in a minority proportion of the
upside beyond a small premium to the terms of this proposed transaction.

Anglo American expects to use the proceeds to pay down debt.


Sponsor: UBS South Africa (Pty) Ltd

For further information, please contact:
Media                                                   Investors
UK                                                      UK
James Wyatt-Tilby                                       Paul Galloway
Tel: +44 (0)20 7968 8759                                Tel: +44 (0)20 7968 8718
Emily Blyth                                             Caroline Crampton
Tel: +44 (0)20 7968 8481                                Tel: +44 (0)20 7968 2192
South Africa                                            Sarah McNally
Pranill Ramchander                                      Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592
Notes to editors:

Aside from this proposed transaction, Anglo American expects to receive additional cash
proceeds of between £57 million and £67 million (approximately $98 million to $115 million) as
a result of prior transactions involving the formation of the JV and the transfer of Tarmac
Building Products assets to the JV.

Lafarge Tarmac was formed in January 2013 following the merger of Anglo American and
Lafarge's cement, aggregates, ready-mixed concrete, asphalt and asphalt surfacing and
maintenance services, and waste services businesses in the United Kingdom. As at 31
December 2013, Anglo American’s 50% reported interest in Lafarge Tarmac’s gross assets
was £1,430 million, including goodwill. For the period ending 31 December 2013, prior to any
Anglo American Group adjustments, the loss before tax attributable to 50% of Lafarge Tarmac
was £33m.

Anglo American is one of the world’s largest mining companies, is headquartered in the UK
and listed on the London and Johannesburg stock exchanges. Our portfolio of mining
businesses meets our customers’ changing needs and spans bulk commodities – iron ore and
manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel,
niobium and phosphates; and precious metals and minerals – in which we are a global leader
in both platinum and diamonds. At Anglo American, we are committed to working together with
our stakeholders – our investors, our partners and our employees – to create sustainable value
that makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America, Australia, North
America, Asia and Europe.
www.angloamerican.com

Date: 07/07/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.