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AngloGold Ashanti Signs New Three-Year US$700 Million Revolving Credit Facility

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Thursday, January 27, 2005
AngloGold Ashanti today announced the signing of a new three-year, US$700 million revolving credit facility to replace the US$600 million facility which matures in February this year. The facility will be used to repay the maturing facility and for general corporate purposes. The new facility will reduce the group's cost of borrowing, with the borrowing margin over Libor reducing from 70 basis points to 40 basis points. The facility was arranged with a number of AngloGold Ashanti's local and international relationship banks. The 20 banks involved are as follows:

Mandated Lead Arrangers: Australia and New Zealand Banking Group Ltd.; Bank of Montreal Ireland plc; Barclays Capital; The Bank of Tokyo-Mitsubishi Ltd; Calyon Corporate and Investment Bank; Citibank NA; Deutsche Bank AG London; Dresdner Kleinwort Wasserstein; HSBC Bank plc; JP Morgan Chase Bank NA; Mizuho Corporate Bank Ltd; The Royal Bank of Scotland plc; Société Générale; Sumitomo Mitsui Banking Corporation Europe Ltd.; and UBS AG, London branch.

Lead Arrangers: Goldman Sachs Credit partners LP; RMB International (Dublin) Ltd; Royal Bank of Canada Europe Ltd; Standard Bank London Ltd; and Westpac Banking Corporation.

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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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