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04 July 2017

AngloGold Ashanti comments on legislative changes in Tanzania

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AngloGold Ashanti notes that the Tanzania Parliament has enacted The Natural Wealth and Resources (Permanent Sovereignty) Bill 2017 and The Natural Wealth and Resources Contracts (Review and re-negotiation of unconscionable terms) Bill 2017 on July 3, 2017.

The bills, which were first tabled for comment on June 29, 2017 will be sent to the Honourable President John P.J. Magafuli for his assent. Once assented to the Minister will then publish in the Gazette the date on which the new laws will take effect.

It is further noted that the Written Laws (Miscellaneous amendments) Bill 2017 has been tabled in Parliament and is under debate.

AngloGold Ashanti will, in the context of its existing Mine Development Agreement, analyse these laws once they are passed and will provide updates in due course.

ENDS

JSE Sponsor: Deutsche Securities (SA) Proprietary Limited

CONTACTS:
Media

Stewart Bailey +27 81 032 2563/+27 11 637 6031   sbailey@anglogoldashanti.com
Chris Nthite +27 11 637 6031/+27 83 301 2481   cnthite@anglogoldashanti.com

Investors
Stewart Bailey +27 81 032 2563/+27 11 637 6031   sbailey@anglogoldashanti.com
Fundisa Mgidi +27 11 637 6763/+27 82 821 5322   fmgidi@anglogoldashanti.com
Sabrina Brockman +1 646 880 4526 / +1 646 379 2555   sbrockman@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, 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, and business and operational risk management.

For a discussion of such risk factors, refer to AngloGold Ashanti’s annual report on Form 20-F for the year ended 31 December 2016, which was 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.

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. AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglogoldashanti.com and under the “Investors” tab on the main page. This information is updated regularly. Investors should visit this website to obtain important information about AngloGold Ashanti.

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