ANGLOGOLD ASHANTI ACQUIRES S�O BENTO GOLD LIMITED

Further to its announcement of 31 July 2008, AngloGold Ashanti is pleased to announce that it has today completed the purchase of S�o Bento Gold Company Limited (�SBG�) and its wholly-owned subsidiary, S�o Bento Minera��o S.A. (�SBMSA�) from Eldorado Gold Corporation (�Eldorado�) for a consideration of US$70 million.  The purchase price was settled through the issuance of 2,701,660 AngloGold Ashanti shares.

The purchase of SBG and SBMSA gives AngloGold Ashanti access to the S�o Bento mine, a gold operation located in the immediate vicinity of AngloGold Ashanti�s proposed C�rrego do S�tio mine, located in the municipality of Santa B�rbara, Iron Quadrangle region of Minas Gerais State, Brazil.  The acquisition of the S�o Bento mine provides AngloGold Ashanti with the potential to double the scale of the proposed C�rrego do S�tio mine, which once developed will significantly enhance AngloGold Ashanti�s Brazilian asset base.

Contacts

South Africa                               Tel:                               Mobile:                          E-mail:

Himesh Persotam (Investor Relations)           +27 (0) 11 637-6647           +27 (0) 82 339 3890           hpersotam@AngloGoldAshanti.com

Alan Fine (Media)                                        +27 (0) 11 637-6383           +27 (0) 83 250 0757           afine@AngloGoldAshanti.com

Joanne Jones (Media)                                   +27 (0) 11 637- 6813         +27 (0) 82 896 0306           jjones@AngloGoldAshanti.com

Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti�s strategy to reduce its gold hedging position including the extent and effects of the reduction, 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 completion and commencement of commercial operations of certain of AngloGold Ashanti�s exploration and production projects and completion of acquisitions and dispositions, AngloGold Ashanti�s liquidity and capital resources, including its intentions and ability to refinance its $1 billion convertible bond, and expenditure and the outcome and consequences of any pending litigation proceedings, contain certain forward-looking statements regarding AngloGold Ashanti�s operations, economic performance and financial condition. 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 and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2007, which was distributed to shareholders on 31 March 2008, and report to shareholders for the quarter and nine months ended 30 September 2008, which was distributed to shareholders on 30 October 2008. 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.  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.

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