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Statement re Dividend Currency Conversion Rate

11th May 2011 07:00

11 May 2011 African Barrick Gold plc (the "Company" or "ABG") Conversion Rate for 2010 Final Dividend

Further to the announcement of the arrangements for the final dividend for 2010 provided with the Company's annual results for 2010, ABG has determined that the exchange rate to be applied to the 2010 final dividend is £1=U$1.6404. The sterling equivalent of the dividend of 3.7 cents per share will be approximately 2.26 pence per share.

The final dividend will be paid on 26 May 2011 to shareholders on the register on 3 May 2011.

ENQUIRIES

For further information, please visit our website: www.africanbarrickgold.com or contact:

African Barrick Gold plc

Andrew Wray, Head of Corporate Dev't. & Investor Relations +44 (0)207 129 7155

Finsbury (Financial public relations firm) +44 (0)20 7251 3801

Andrew Mitchell

Charles Chichester

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of ABG in any jurisdiction.

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