ANGLO AMERICAN PLC - Anglo American Platinum Limited interim results 2014

Anglo American Platinum Limited interim results 2014

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
21 July 2014

Anglo American plc notification:
Anglo American Platinum Limited interim results 2014

Anglo American wishes to draw attention to Anglo American Platinum Limited’s announcement
of its results for the six months ended 30 June 2014. Anglo American Platinum Limited reported
headline earnings of R157 million.

Anglo American will report an underlying loss in respect of Anglo American Platinum Limited of
$1 million for the six months ended 30 June 2014, which takes into account certain adjustments.

                                                                  6 months    6 months
                                                                     ended       ended   Year ended
$m                                                                 30.06.14   30.06.13     31.12.13

IFRS headline earnings                                                14         140         152
Exploration                                                             2           1           2
Operating and financing remeasurements                                (3)         (5)         (8)
Restructuring costs included in headline earnings                       -           -        105
BEE transactions and related charges                                    -           -        (44)
Tax special item included in headline earnings                          -           -        188
Other adjustments                                                       3         (8)           5
                                                                      16         128         400

Non-controlling interests                                             (3)       (26)         (80)
Elimination of intercompany interest                                   23         42           67
Depreciation of assets fair valued on acquisition (net of tax)        (9)       (19)         (36)
Corporate cost allocation                                            (28)       (33)         (64)

Contribution to Anglo American underlying earnings                    (1)         92         287

Anglo American will report results for the six months ended 30 June 2014 on 25 July 2014.
The above figures are unaudited.

Underlying earnings
Underlying earnings is net profit attributable to equity shareholders, adjusted to remove special
items and remeasurements, and any related tax and non-controlling interests. Special items are
those items of financial performance that the Group believes should be excluded from
underlying financial performance. Operating special items include impairment charges and
reversals and other exceptional items, including restructuring costs. Non-operating special
items include profits and losses on disposals of investments and businesses as well as certain
adjustments relating to business combinations. Remeasurements include adjustments to
ensure that the unrealised gains or losses on derivative instruments are recorded in underlying
earnings in the same period as the underlying transaction against which these instruments
provide an economic, but not formally designated, hedge as well as foreign exchange impact
arising in US dollar functional currency entities on deferred tax balances.

Sponsor: UBS South Africa (Pty) Ltd

Date: 21/07/2014 08:00:00 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.