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ANGLO AMERICAN PLC - Anglo American rough diamond sales value for De Beers eighth sales cycle of 2020

Release Date: 14/10/2020 08:00
Code(s): AGL     PDF:  
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Anglo American rough diamond sales value for De Beers’ eighth sales cycle of 2020

Anglo American plc (the "Company")
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

14 October 2020

Anglo American rough diamond sales value for De Beers’ eighth sales cycle of 2020

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and
Auctions) for De Beers’ eighth sales cycle of 2020, amounting to $467 million.

                                             Cycle 8 2020(1)     Cycle 7 2020(2)     Cycle 8 2019
                                              (provisional)         (actual)           (actual)
Sales value(3)                                   $467m              $334m              $297m
 
(1) Cycle 8 2020 provisional sales value represents sales as at 9 October 2020
(2) Cycle 7 2020 actual sales value represents sales between the dates of 19 August and 10 September.
(3) Sales values are quoted on a consolidated accounting basis. Auction sales included in a given cycle 
    are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

Owing to the restrictions on the movement of people and products in various jurisdictions around
the globe, De Beers Group has continued to implement a more flexible approach to rough
diamond sales during the eighth sales cycle of 2020, with the sight event extended beyond its
normal week-long duration. As a result, the provisional rough diamond sales figure quoted for
Cycle 8 represents the expected sales value for the period 21 September to 9 October and
remains subject to adjustment based on final completed sales.

Bruce Cleaver, CEO, De Beers Group, said: “We continue to see a steady improvement in
demand for rough diamonds in the eighth sales cycle of the year, with cutters and polishers
increasing their purchases as retail orders come through ahead of the key holiday season. It’s
encouraging to see these demand trends, but these are still early days and there is a long way
to go before we can be sure of a sustained recovery in trading conditions.”

The Company has a primary listing on the Main Market of the London Stock Exchange and
secondary listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the
Namibia Stock Exchange and the SIX Swiss Exchange.

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

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                                     Robert Greenberg
 marcelo.esquivel@angloamerican.com                   robert.greenberg@angloamerican.com
 Tel: +44 (0)20 7968 8891                             Tel: +44 (0)20 7968 2124

 Katie Ryall                                          Emma Waterworth
 katie.ryall@angloamerican.com                        emma.waterworth@angloamerican.com
 Tel: +44 (0) 20 7988 8935                            Tel: +44 20 7968 8574

 South Africa
 Sibusiso Tshabalala
 Sibusiso.Tshabalala@angloamerican.com
 Tel: +27 (0) 11 638 2175

 Nomonde Ndwalaza
 Nomonde.ndwalaza@angloamerican.com
 Tel: +27 (0) 11 638 0228

Notes to editors:

Anglo American is a leading global mining company and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class competitive
operations, development projects and undeveloped resources, provides many of the metals and
minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing
consumer-driven demands of developed and maturing economies. With our people at the heart
of our business, we use innovative practices and the latest technologies to mine, process, move
and market our products to our customers – and to discover new resources – safely and
sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the
steelmaking ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in
development and thermal coal operations planned for divestment – we are committed to being
carbon neutral across our operations by 2040. We work together with our business partners and
diverse stakeholders to unlock sustainable value from precious natural resources for the benefit
of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com

Legal Entity Identifier: 549300S9XF92D1X8ME43

Date: 14-10-2020 08:00:00
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