ANGLOGOLD ASHANTI LIMITED - AngloGold Ashanti Announces Closing of South African Asset Sale, Receipt of Proceeds

AngloGold Ashanti Announces Closing of South African Asset Sale, Receipt of Proceeds

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


NEWS RELEASE

AngloGold Ashanti Announces Closing of South African Asset Sale, Receipt of Proceeds

(JOHANNESBURG) – AngloGold Ashanti is pleased to announce that the sale of its remaining mines in
South Africa to Harmony Gold Mining Company Limited has concluded, and the initial $200 million
cash payment has been received.

Harmony will now assume full ownership of the portfolio of assets and associated liabilities from
tomorrow, 1 October 2020. This follows the unconditional approval of the transaction by South
Africa’s Department of Mineral Resources and Energy, earlier this month.

The proceeds from the transaction will be used to further reduce debt.

“Concluding this sale has been important to the execution of our strategy, while also providing
certainty for the long-term and responsible development of these assets,” said Christine Ramon, the
interim Chief Executive Officer of AngloGold Ashanti. “We wish the employees of our South African
operations all the very best in future as they embark on this new chapter in the life of these assets.”

ENDS

Johannesburg
30 September 2020

JSE Sponsor: The Standard Bank of South Africa Limited



  CONTACTS

  Media
  Chris Nthite                       +27 11 637 6388/ +27 83 301 2481                    cnthite@anglogoldashanti.com
  General inquiries                                                                      media@anglogoldashanti.com

  Investors
  Sabrina Brockman                   +1 646 880 4526/ +1 646 379 2555                    sbrockman@anglogoldashanti.com
  Yatish Chowthee                    +27 11 637 6273 / +27 78 364 2080                   yrchowthee@anglogoldashanti.com
  Fundisa Mgidi                      +27 11 637 6763 / +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, total cash costs,
all-in sustaining costs, all-in 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, dispositions or joint venture transactions, AngloGold Ashanti’s liquidity
and capital resources and capital expenditures and the outcome and consequence 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, any supply chain disruptions, any public health crises, pandemics or
epidemics (including the COVID-19 pandemic), and other business and operational risks and other factors. For a discussion of
such risk factors, refer to AngloGold Ashanti’s annual report on Form 20-F for the year ended 31 December 2019, which has
been filed with the United States Securities and Exchange Commission (SEC). 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.
Non-GAAP financial measures
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.

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

Website: www.anglogoldashanti.com

Date: 30-09-2020 04:35:00
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.