ANGLO AMERICAN PLC - Anglo American completes bond buybacks, delivering $190 million net debt benefit

Anglo American completes bond buybacks, delivering $190 million net debt benefit

Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
(the “Company”)

Anglo American completes bond buybacks, delivering $190 million net debt benefit

Anglo American plc (“Anglo American”) announces the successful completion of its bond buy-
back programme launched on 18 February 2016, consisting of Euro, Sterling and US dollar
denominated maturities from December 2016 to September 2018.

The Group used $1.7 billion of cash to retire $1.83 billion of contractual repayment obligations
(including derivatives hedging the bonds), resulting in an immediate reduction in net debt of
$130 million.

Anglo American’s bond maturities have been reduced by $250 million, $680 million and $900
million for 2016, 2017 and 2018 respectively, reducing the Group’s bond repayment obligations
at original hedged rates to $1.4 billion, $1.9 billion and $2.5 billion respectively for these years.
The notes purchased by Anglo American have been cancelled.

Anglo American Finance Director, René Médori said: "The bond buybacks will benefit Anglo
American by $190 million in total. We will continue to actively manage our debt profile as we
progress with the Group's portfolio restructuring."

The total net debt benefit of the buy-back programme amounts to $190 million by September
2018 ($130 million realised upfront through the discounts achieved on the notes and settlement
of derivatives and an additional $60 million over two years through interest savings before fees
and expenses).

Although the bond buy-back was funded from cash reserves, Anglo American has maintained
its conservative levels of liquidity ($14.8 billion at 31 December 2015) by entering into a $1.5
billion Club Facility with three international banks. This facility has a 2-year maturity, closely
matching the weighted average maturity of the bonds targeted and is broadly on the same
terms as Anglo American’s existing core $5 billion Revolving Credit Facility, with no financial
covenants.


For further information, please contact:

Media                                                                                   Investors
UK                                                                                      UK
James Wyatt-Tilby                                                                       Paul Galloway
james.wyatt-tilby@angloamerican.com                                                     paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759                                                                Tel: +44 (0)20 7968 8718

Marcelo Esquivel                                                                        Ed Kite
marcelo.esquivel@angloamerican.com                                                      edward.kite@angloamerican.com
Tel: +44 (0)20 7968 8891                                                                Tel: +44 (0)20 7968 2178

South Africa
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592

Shamiela Letsoalo
shamiela.letsoalo@angloamerican.com
Tel: +27 (0)11 638 3112


22 March 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Notes to editors:

Anglo American is a globally diversified mining business. Our portfolio of world-class
competitive mining operations and undeveloped resources provides the raw materials to meet
the growing consumer-driven demands of the world’s developed and maturing economies. Our
people are at the heart of our business. It is our people who use the latest technologies to find
new resources, plan and build our mines and who mine, process and move and market our
products – from diamonds (through De Beers) to platinum and other precious metals and
copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together
with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, but also for the communities and countries in which we operate
– creating sustainable value and making a real difference.

www.angloamerican.com

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