1st Oct 2007 07:02
Anglo American PLC01 October 2007 News Release1 October 2007 Anglo American announces secondary offering of ordinary shares of AngloGold Ashanti NOT FOR RELEASE IN THE UNITED STATES Anglo American announces secondary offering of ordinary shares of AngloGoldAshanti Anglo American plc ("Anglo American") announces that it intends to offer forsale 61 million ordinary shares of AngloGold Ashanti Limited ("AngloGold Ashanti") in the form of ordinary shares and American Depository Shares ("ADSs")pursuant to the registration of such securities under AngloGold Ashanti'sautomatic shelf registration statement. The representatives of Anglo American remaining on the AngloGold Ashanti boardof directors intend to resign from AngloGold Ashanti's board of directors onceAnglo American's shareholding falls below 20% of the outstanding ordinaryshares. Anglo American expects that its residual position in AngloGold Ashantiwill be investment accounted upon the completion of this offering. AngloAmerican expects the offering to represent a major step in the completion of itsstated objectives for its stake in AngloGold Ashanti. Anglo American has advisedAngloGold Ashanti that it currently supports its general strategy to enhancelong term shareholder value. Anglo American's residual position in AngloGoldAshanti will be subject to a lock-up agreement with the joint bookrunners until31 May 2008. Goldman Sachs International is acting as the global coordinator for the offeringand Goldman Sachs International and UBS Investment Bank are joint bookrunnersfor the offering. The terms of the offering are set forth in a preliminaryprospectus supplement filed today with the United States Securities and ExchangeCommission (the "SEC"). The prospectus supplement relating to the offering maybe obtained free of charge from the SEC's web site at www.sec.gov. Copies of thepreliminary prospectus supplement, when available, may be obtained from theoffices of Goldman Sachs International, Peterborough Court, 133 Fleet Street,London EC4A 2BB, United Kingdom, telephone: +44 20 7774 1000 or UBS Limited, 1Finsbury Avenue, London EC2M 2PP, United Kingdom, telephone: +44 20 7567 8000. This release and any materials attached hereto are not an offer of securitiesfor sale in the United States. Securities may not be offered or sold in theUnited States absent registration or an exemption from registration, and anypublic offering of securities to be made in the United States will be made bymeans of a prospectus that may be obtained from AngloGold Ashanti, whichprospectus will contain detailed information about AngloGold Ashanti and itsmanagement as well as its financial statements. This news release is for distribution only to persons who (i) have professionalexperience in matters relating to investments falling within Article 19(5) ofthe United Kingdom Financial Services and Markets Act 2000 (Financial Promotion)Order 2005 (as amended, the "Financial Promotion Order"), (ii) are personsfalling within Article 49(2)(a) to (d) ("high net worth companies,unincorporated associations etc") of the Financial Promotion Order, (iii) areoutside the United Kingdom, or (iv) are persons to whom an invitation orinducement to engage in investment activity (within the meaning of section 21 ofthe United Kingdom Financial Services and Markets Act 2000) in connection withthe issue or sale of any securities may otherwise lawfully be communicated orcaused to be communicated (all such persons together being referred to as"relevant persons"). This news release is directed only at relevant persons andmust not be acted on or relied on by persons who are not relevant persons. Anyinvestment or investment activity to which this news release relates isavailable only to relevant persons and will be engaged in only with relevantpersons. ContactsCharles GordonTel: +44 207 968 8933 Anna PoulterTel: +44 207 968 2155 Notes to Editors: Anglo American plc is one of the world's largest mining and natural resourcegroups. With its subsidiaries, joint ventures and associates, it is a globalleader in platinum group metals and diamonds, with significant interests incoal, base and ferrous metals, as well as an industrial minerals business and astake in AngloGoldAshanti. The Group is geographically diverse, with operationsin Africa, Europe, South and North America, Australia and Asia.(www.angloamerican.co.uk) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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