Filed by Ashanti Goldfields Company Limited
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: Ashanti Goldfields Company Limited
Commission File No. 1-14212
*SEE IMPORTANT NOTES AT THE END OF THIS RELEASE
P R E S S R E L E A S E
FOR IMMEDIATE RELEASE
13 June 2003
On 16 May 2003, Ashanti Goldfields Company Limited ("Ashanti") announced that its board was in discussions with the board of AngloGold Limited ("AngloGold") regarding a proposed merger of the two companies at a ratio of 26 AngloGold shares for every 100 Ashanti ordinary shares or global depositary securities. The announcement further stated that discussions were taking place with certain stakeholders.
Ashanti has been notified that the Government of Ghana is to hold consultations and take appropriate professional advice in considering the proposed merger. Ashanti welcomes this development as an important step forward in the discussions with key stakeholders.
Shareholders are reminded that there can be no assurance that a definitive agreement between Ashanti and AngloGold will be reached and a further announcement will be made when appropriate. Consequently, shareholders of Ashanti are advised to exercise caution when dealing in the relevant securities until a further announcement is made.
End
For further information contact:
Ashanti Goldfields Company Limited
Kweku Awotwi , MD for Investor Relations
Tel:
+233 21 772331
Corinne
Gaisie, UK Representative
Tel: +44 20 7256 9938
North American Contact:
Allan Jordan _ Golin Harris
Tel: +1 212 697 9191
CIBC World Markets plc
Andy
Quinn, Managing Director
Tel: +44 20 7234 6400
For a discussion of the important factors and risks involved in Ashanti's business refer to Ashanti's filings with the U.S. Securities and Exchange Commission (the "Commission"), including Ashanti's amended annual report on Form 20-F/A for the year ended 31 December 2001, filed with the Commission on 27 January 2003.
Ashanti does not undertake any obligation to update publicly or release any revisions to publicly update any forward looking statements discussed in this announcement, whether as a result of new information, future events or otherwise.
A copy of this release is available at http://www.ashantigold.com/releases.htm