ANGLOGOLD ASHANTI LIMITED - AngloGold Ashanti Welcomes Regis Resources as 30% Partner at Tropicana Gold Mine

AngloGold Ashanti Welcomes Regis Resources as 30% Partner at Tropicana Gold Mine

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 Welcomes Regis Resources as 30% Partner at Tropicana Gold Mine

(PRESS RELEASE) – AngloGold Ashanti has, after careful consideration, decided to waive its pre-emptive
right over the 30% stake in the Tropicana Gold Mine (“Tropicana”), paving the way for Regis Resources to
acquire the stake from current joint venture partner IGO Limited.

AngloGold Ashanti owns 70% of Tropicana and is the mine’s operator. On 13 April 2021, IGO announced it
had entered into a binding agreement with Regis for the sale of IGO’s 30% interest in the Tropicana Joint
Venture for A$903 million. Completion of the transaction is subject to AngloGold Ashanti waiving its right to
pre-empt the Regis Offer on the same price and terms.

“We’re pleased to start our long-term relationship with Regis, which recognises the value that we see at
Tropicana,” said Christine Ramon, Anglogold Ashanti’s Interim Chief Executive Officer. “With the sale process
behind us, we are looking forward to working with Regis to deliver Tropicana’s potential over the coming
years.”

AngloGold Ashanti discovered Tropicana which, with a Mineral Resource of 7.64Moz of gold and Ore Reserve
of 2.7Moz, is a key asset in its portfolio and one of Australia’s best gold mining assets.

In February of this year AngloGold Ashanti outlined a multi-year organic growth plan, to increase production
over the coming four years from brownfield investment in its existing suite of mines and then investment in
greenfield projects in Colombia. The Company’s strategy is premised on disciplined capital allocation at
conservative gold price assumptions, with an initial focus on increasing reserves from exploration on its mine
sites. Last year, the Company added 6.1 million ounces of gold on a gross basis, further extending the life of
its portfolio.

“IGO has been an excellent partner for well over a decade, through exploration to development and then
operation,” Mike Erickson, AngloGold Ashanti’s Senior Vice President: Australia, said. “We wish them well in
their new strategy and focus on battery metals.”

ENDS

22 April 2021
Johannesburg

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 6376763 / +27 82 821 5322   fmgidi@anglogoldashanti.com
Website: www.anglogoldashanti.com

Date: 22-04-2021 07:05:00
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