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AngloGold Ashanti Employee Share Ownership Programme


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Wednesday, June 08, 2005
AngloGold Ashanti notes recent press reports and confirms that it is considering establishing an employee share ownership programme (ESOP). The company has had preliminary discussions with organised labour in South Africa on this matter and expects these to proceed in earnest in the near future. The company has also discussed the potential ESOP with the South African Department of Minerals and Energy, as AngloGold Ashanti sees an ESOP as part of its transformation programme and in line with the spirit of the mining charter.

The contemplated ESOP is consistent with the company's stated strategic intention to develop means of promoting broad-based equity participation. The scope and terms of the scheme remain under consideration and, once finalized, a further announcement will be made and, if appropriate, put forward for shareholder approval.

Queries
  Tel: Mobile E-mail:
South Africa
Alan Fine +27 (0) 11 637 6383 +27 (0) 83 250 0757 afine@AngloGoldAshanti.com

Disclaimer

Except for historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For discussion of important factors including, but not limited to development of the Company's business the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report on the Form 20-F for the year ended 31 December 2003 which is filed with the Securities and Exchange Commission on 19 March 2004.



 
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