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ANGLOGOLD ASHANTI LIMITED - AngloGold Ashanti Appoints Christine Ramon as Incoming CFO

Release Date: 07/07/2014 09:00
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AngloGold Ashanti Appoints Christine Ramon as Incoming CFO

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06)
ISIN No. ZAE000043485 – JSE share code: ANG
CUSIP: 035128206 – NYSE share code: AU

7 July 2014

NEWS RELEASE

AngloGold Ashanti Appoints Christine Ramon as Incoming CFO

(JOHANNESBURG – RELEASE) – AngloGold Ashanti is pleased to announce Christine Ramon will be taking
the post of Chief Financial Officer and Executive Director of the Board, from October 1, 2014. She will replace
Richard Duffy, who will then step down from both the Board and Executive Committee.

The appointment of Ms. Ramon, a chartered accountant, follows a global search by the Board of Directors, as
indicated in our press release of May 21, 2013. She was formerly the CFO at Sasol Limited, South Africa’s
largest publicly traded energy and chemicals company, for seven years until September of last year.

“Christine is a seasoned CFO with an impressive depth of experience, who will lend an important dimension to
our board and to the executive,” Chairman Sipho Pityana said. “We are also fortunate that we will be able to call
on the services of Richard Duffy, who brings almost three decades of experience in mining and finance across a
range of disciplines and jurisdictions to assist with an orderly transition.”

“We are extremely pleased to have someone of Christine’s calibre, standing and experience in this critical role
as we continue to advance our strategy of continuing to improve sustainable cash flow and returns,” Chief
Executive Officer Srinivasan Venkatakrishnan said. “We are deeply grateful to Richard for bridging the CFO role
at an important time, and also for the outstanding work he’s done over the past 13 months, in helping fortify the
balance sheet.”

Ms. Ramon, is currently a non-executive director on the board of Johannesburg-based telecommunications
provider MTN Group, which has extensive operations across emerging markets in Africa and the Middle East.
She also previously served on the board of South African state-owned transport company Transnet and was an
executive director of media and entertainment group Johnnic Holdings Limited, among others.

Ms. Ramon is a member of the South African Institute of Chartered Accountants, the Public Accountants’ and
Auditors Board and the Association for the Advancement of Black Accountants of South Africa. She previously
served as a member of the Standing Advisory Committee to the International Accounting Standards Board and
currently serves as Deputy Chair of the Financial Reporting Standards Council of South Africa.

About Christine Ramon

Kandimathie Christine Ramon, 47, received her BCompt degree from The University of South Africa in 1988 and
her BCompt Honours postgraduate degree from the same institution the following year. She was admitted as a
Chartered Accountant the following year by the Public Accountants and Auditors’ Board. Ms. Ramon completed
her articles at Coopers & Lybrand, where she worked from 1985 to 1994, in various positions and countries,
including merger & acquisition work in the extractive sector. She rose to the post of Audit Manager and also
received a secondment as the Deputy Finance Director to the Independent Electoral Commission during South
Africa’s first democratic elections. Her career has also spanned manufacturing and retail, as financial controller
at New Age Beverages, and media, where she held the posts of Finance Director and later also Chief Executive
Officer, of Johnnic Holdings Limited. Between 2006 and 2013, Ms. Ramon was CFO of Sasol, where she was an
executive director and member of the group executive committee. Sasol, listed in Johannesburg and New York
with a market capitalisation of about $35bn, has a suite of projects and about 34,000 employees in various
jurisdictions around the globe, including the US, Canada, China, Uzbekistan and Qatar. She sat on the board of
several Sasol subsidiaries, and also held accountability for formulation and execution of group organisational
strategy, capital markets work, treasury and financing, and also global taxation, among others. In 2007 Christine
was nominated by the World Economic Forum as a young global leader and between 2011 and 2013 served as
the Chair of the CFO Forum of South Africa.


ENDS

Sponsor: UBS South Africa (Pty) Ltd

Contacts

Media

Chris Nthite                                     +27 (0) 11 637 6388/+27 (0) 83 301 2481                              cnthite@anglogoldashanti.com
Stewart Bailey                                   +27 81 032 2563 / +27 11 637 6031                                    sbailey@anglogoldashanti.com
General inquiries                                                                                                     media@anglogoldashanti.com

Investors

Stewart Bailey                                   +27 81 032 2563 / +27 11 637 6031                                    sbailey@anglogoldashanti.com
Sabrina Brockman (US & Canada)                   +1 (212) 858 7702 / +1 646 379 2555                                  sbrockman@anglogoldashanti.com
Fundisa Mgidi (South Africa)                     +27 11 6376763 / +27 82 821 5322                                     fmgidi@anglogoldashanti.com



Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for
the gold mining industry, expectations regarding gold prices, production, cash costs, all-in sustaining costs, cost savings and other operating results, return on
equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s operations, individually or in the aggregate, including the achievement
of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti’s exploration and production projects and the
completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and consequences of
any potential or pending litigation or regulatory proceedings or environmental, health, and safety issues, are forward-looking statements regarding AngloGold
Ashanti’s operations, economic performance and financial condition. These forward-looking statements or forecasts involve known and unknown risks,
uncertainties and other factors that may cause AngloGold Ashanti’s actual results, performance or achievements to differ materially from the anticipated results,
performance or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in
such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly,
results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social and political
and market conditions, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including
environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, and business and operational
risk management. For a discussion of such risk factors, refer to AngloGold Ashanti’s annual report on Form 20-F for the year ended 31 December 2013 which
was filed with the United States Securities and Exchange Commission (“SEC”) on 14 April 2014. These factors are not necessarily all of the important factors
that could cause AngloGold Ashanti’s actual results to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable
factors could also have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on forward-looking
statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or
oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. This
communication may contain certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in
managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow
from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be
comparable to similarly titled measures other companies may use. AngloGold Ashanti posts information that is important to investors on the main page of its
website at www.anglogoldashanti.com and under the “Investors” tab on the main page. This information is updated regularly. Investors should visit this website
to obtain important information about AngloGold Ashanti.

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