The rights offer described in this announcement will only be addressed to and directed at persons in member
states of the European Economic Area, or EEA, who are "Qualified Investors" within the meaning of Article
2(1)(e) of the European Parliament and Council Directive 2003/71/EC, including any measure implementing such
Directive in any member state of the EEA (the “Prospectus Directive”). In addition, in the United Kingdom, the
rights offer will only be addressed to and directed at (1) Qualified Investors who are investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”), or high net worth entities falling within Article 49(2)(a)-(d) of the Order or (2) persons to whom it may
otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). The
new AngloGold Ashanti shares will only be available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with, (1) in the United Kingdom, Relevant
Persons and (2) in any member state of the EEA other than the United Kingdom, Qualified Investors. In addition,
due to restrictions under securities laws, the rights offer will not be available to persons who are residents in
Japan. The rights offer will also not be addressed to, or directed at, holders of AngloGold Ashanti GhDSs in
Ghana or holders of AngloGold Ashanti CDIs who are resident outside of Australia. The rights attributable to
holders of AngloGold Ashanti shares, GhDSs and CDIs who are excluded from the offer will, if a premium can be
obtained over the expenses of such sale, be sold on the JSE as soon as practicable and such proceeds will then
be remitted to the holders of such AngloGold Ashanti securities.
AngloGold Ashanti has filed a registration statement in the United States under the Securities Act of 1933, as
amended, in connection with the offer and sale of the securities described herein and intends to register the
securities described herein for offer and sale in the United States. Any public offering of securities to be made
in the United States will be made by means of a prospectus and a related prospectus supplement that form part
of this registration statement and that will contain detailed information about AngloGold Ashanti and its
management, as well as financial statements. Such prospectus may be obtained from AngloGold Ashanti at
76 Jeppe Street, Newtown, Johannesburg, South Africa.
This announcement includes "forward-looking information" within the meaning of Section 27A of the Securities
Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact are, or may be deemed to be, forward-looking statements, including, without
limitation those concerning: AngloGold Ashanti’s strategy to reduce its gold hedging position, including the
extent and effect of the reduction; the economic outlook for the gold mining industry; expectations regarding gold
prices, production, costs and other operating results; growth prospects and outlook of AngloGold Ashanti's
operations, individually or in the aggregate, including the completion and commencement of commercial
operations at AngloGold Ashanti's exploration and production projects and the completion of acquisitions and
dispositions; AngloGold Ashanti’s liquidity and capital resources and expenditure; and the outcome and
consequences of any pending litigation proceedings. These forward-looking statements are not based on
historical facts, but rather reflect AngloGold Ashanti's current expectations concerning future results and events
and generally may be identified by the use of forward-looking words or phrases such as "believe", "aim",
"expect", "anticipate", "intend", "foresee", "forecast", "likely", "should", "planned", "may", "estimated", "potential"
or other similar words and phrases. Similarly, statements that describe AngloGold Ashanti's objectives, plans or
goals are or may be forward-looking statements.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may
cause the AngloGold Ashanti's actual results, performance or achievements to differ materially from the
anticipated results, performance or achievements expressed or implied by these forward-looking statements.
Although AngloGold Ashanti believes that the expectations reflected in these forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to have been correct.
For a discussion of such risk factors, shareholders should refer to the annual report on Form 20-F for the year
ended 31 December 2007, which was filed with the Securities and Exchange Commission on 19 May 2008 and,
when available, the rights offer circular. 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.
In connection with the rights offer, the underwriters (or persons acting on behalf of any underwriters) may
engage in trading activities for the sole purpose of hedging their commitments under the underwriting agreement
between AngloGold Ashanti and the underwriters. Such activity may include purchases and sales of securities of
AngloGold Ashanti (including shares, ADSs, share rights and ADS rights, and derivatives related thereto) and
related or other securities and instruments, short sales of AngloGold Ashanti securities, purchases in the open
market to cover positions created by short sales, and the purchase and sale of over-the-counter derivatives and
listed options and futures transactions. As a result of such activities, the price of such securities may be lower or
higher than the price that might otherwise exist in the absence of such activities. If these activities are
commenced, they may be discontinued at any time at the sole discretion of the underwriters and without notice.