News Release

November 6, 2012

(Johannesburg) - Following a second sit-in by dayshift employees yesterday at AngloGold Ashanti's Mponeng mine, management has again been forced to halt mining and processing activity. The purported reason for these sit-ins relate to the timing of the payment of a safety incentive, planned for tomorrow, November 7.

These sit-ins follow the unprotected strike, which started on September 25 and did not end as hoped on October 26 when employees returned to work. Since then, a strike, a series of underground sit-ins, acts of vandalism and threats of violence have prevented the mine from operating normally.

AngloGold Ashanti has been placed in a position where it cannot continue allowing employees to proceed to work, given that the safety of employees and underground assets cannot be assured. Employees will receive no pay while this situation persists.

Management intends to continue engagement with a wide range of employee representatives and will seek assurances that there will not be a repeat of recent events before reassessing the situation. AngloGold Ashanti will also cooperate fully with authorities to ensure criminal acts are investigated and internal disciplinary procedures followed where necessary.

Meanwhile, work has continued as normal at AngloGold Ashanti's remaining South African mines: Savuka and TauTona, in the West Wits region, and Great Noligwa, Kopanang, Moab Khotsong, Mine Waste Solutions and the Surface Operations, all in the Vaal River region. These operations continue the process of ramping up to full production.

About AngloGold Ashanti's South African Operations

AngloGold Ashanti's South African operations accounted for approximately 32% of total group production during the first half of the year. Prior to this dismissal process, approximately 35,000 people were employed across AngloGold Ashanti's South African operations. This figure is inclusive of contractors and those working on two major capital projects under way at the Moab Khotsong and Mponeng mines. Under normal operating conditions, the Vaal River region typically accounts for about 40% of AngloGold Ashanti's South African gold production and all of the group's uranium production. The West Wits accounts for the balance.

AngloGold Ashanti is a member of the gold industry's collective wage bargaining unit at the Chamber of Mines and as such is committed to addressing demands regarding pay and other substantive issues through this framework. At present, the gold industry is in the second year of a two-year wage agreement with the latest increases, ranging from 8% to 10%, awarded to the workforce in July 2012, under the agreement reached in 2011. A similar increase was awarded last year. South Africa's annual Consumer Price Inflation was 5% in August 2012. In addition, under the auspices of the Entry Level Task Team established by the Chamber of Mines, major gold producers and the recognised unions and associations during the 2011 wage talks, additional improvements to the current pay structure were offered to workers on October 18. A summary of this latest offer, agreed by the members of the Chamber of Mines, the National Union of Mineworkers, Solidarity and the United Association of South Africa, is contained in AngloGold Ashanti's press release dated Friday 28 October.

SPONSOR: UBS South Africa (Pty) Limited

ENDS

Contacts

Media
Alan Fine +27 83 250 0757
Stewart Bailey +1 646 338 4337/ +27-83-253-2021
Chris Nthite +27-83-301-2481

Investors
investors@anglogoldashanti.com
Stewart Bailey (US & SA) +1 646 338 4337
Sabrina Brockman (US & Canada) +1 (212) 858 7702 / +1 646 379 2555
Mike Bedford (UK & Europe) +44 779 497 7881 / +44 1225 93 8483

Certain statements made in this communication, 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 and other operating results, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, the completion and commencement of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions and dispositions, any plan regarding the restructuring of any of AngloGold Ashanti's operations, AngloGold Ashanti's liquidity and capital resources and capital expenditure and the outcome and consequence of any potential or pending litigation or regulatory proceedings or environmental issues, are forward-looking statements regarding AngloGold Ashanti's operations, economic performance and financial condition. These forward-looking statements 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 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, political and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions including environmental approvals and actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a discussion of certain of these and other factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2011, which was distributed to shareholders on 4 April 2012, the company's 2011 annual report on Form 20-F, which was filed with the Securities and Exchange Commission in the United States on 23 April 2012 and the prospectus supplement to the company's prospectus dated July 17, 2012 that was filed with the Securities and Exchange Commission on July 25, 2012. 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, stakeholders 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 today's date 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.

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AngloGold is a gold exploration company based in South africa.

AngloGold produces gold, copper, silver and zinc in Argentina, in Australia, in Brazil, in Canada, in Ghana, in Guinea, in Mali, in Namibia, in South Africa and in Tanzania, develops gold and iron in Australia, in Brazil, in Colombia, in Congo Dem. Rep. of and in South Africa, and holds various exploration projects in Philippines.

Its main assets in production are CRIXÁS, CRIXAS MINE, ANGLOGOLD ASHANTI MINERAÇAO, MINERAÇÃO and SAO BENTO in Brazil, SUNRISE DAM GOLD MINE in Australia, NAVACHAB MINE, NAVACHAB and CRIPPLE CREEK & VICTOR (CRESSON MINE) in Namibia, YATELA, MORILA and SADIOLA in Mali, CERRO VANGUARDIA in Argentina, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), BAMBANANI, TAU TONA, KOPANANG, TAU LEKOA, SAVUKA, MPONENG and GREAT NOLIGWA in South Africa, SIGUIRI in Guinea, TEBEREBIE, IDUAPRIEM, OBUASI and KUBI in Ghana, GEITA in Tanzania and CALLINAN MINE and TROUT LAKE MINE in Canada, its main assets in development are MOAB KHOTSONG in South Africa, MINAS-RIO in Brazil, LA COLOSA and GRAMALOTE in Colombia, KIBALI (KILO-MOTO) in Congo Dem. Rep. of and TROPICANA in Australia and its main exploration properties are HUALATAN and ER in Peru, MKURUMU in Tanzania, BAMBADJI in Senegal, LOUBOUGOULA, ALAMOUTALA (SADIOLA II) and GOODPASTER in Mali, 777 PROJECT and RIVARD in Canada, MORRO VELHO in Brazil and SIANA in Philippines.

AngloGold is listed in Australia, in Germany and in United States of America. Its market capitalisation is 1.1 billions as of today (€ 1.1 billions).

Its stock quote reached its lowest recent point on November 23, 2018 at 10.00, and its highest recent level on November 14, 2024 at 24.01.

AngloGold has 47 442 200 shares outstanding.

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Suspends Mponeng Operations

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