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ANGLO AMERICAN PLC - Anglo American plc notification: Anglo American Platinum Limited interim results 2016

Release Date: 25/07/2016 08:00
Code(s): AGL     PDF:  
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Anglo American plc notification:
Anglo American Platinum Limited interim results 2016

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
(“Anglo American)

Anglo American plc notification:
Anglo American Platinum Limited interim results 2016

Anglo American wishes to draw attention to Anglo American Platinum Limited’s announcement
of its results for the six months ended 30 June 2016. Anglo American Platinum Limited reported
headline earnings of R1,044 million.

Anglo American will report underlying earnings in respect of Anglo American Platinum Limited
of $68 million for the six months ended 30 June 2016, which takes into account certain
adjustments.

                                                                         6 months           6 months
                                                                            ended              ended   Year ended
$ million                                                                30.06.16           30.06.15     31.12.15

Headline earnings                                                              66                206            38
Impairment of loans to Plateau Resources Proprietary
Limited(1) and Atlatsa Holdings Proprietary Limited                             -                  -           119
Financing remeasurements                                                       (3)                (2)          (2)
Restructuring costs                                                             14                 11           55
Other adjustments                                                              (7)                (2)          (1)
                                                                                70                213          209

Non-controlling interests                                                     (14)               (43)         (42)
Exploration                                                                      2                  2            6
Elimination of intercompany interest                                            38                 37           67
Depreciation of assets fair valued on acquisition                              (8)               (12)         (22)
Corporate cost allocation                                                     (20)               (22)         (50)

Contribution to Anglo American underlying earnings                               68               175          168
 (1) A wholly owned subsidiary of Atlatsa Resources Corporation.



Anglo American will report results for the six months ended 30 June 2016 on 28 July 2016.
The above figures are unaudited.

Underlying earnings

Underlying earnings is profit attributable to equity shareholders before special items and remeasurements,
and is therefore presented after net finance costs, income tax and non-controlling interests. Special items
are those items of financial performance that the Group believes should be separately disclosed to assist
in the understanding of the underlying financial performance achieved by the Group.

Special items that relate to the operating performance of the Group are classified as operating special
items and principally include impairment charges and restructuring costs. Remeasurements include
unrealised gains and losses on financial assets and liabilities.

25 July 2016

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

Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
Registered office as above. Incorporated in England and Wales under the Companies Act 2006. Registered Number 3564138

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