SOURCE: AngloGold Ashanti

AngloGold Ashanti

April 21, 2010 20:56 ET

AngloGold Ashanti Announces Pricing of Notes Offering

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 21, 2010) - AngloGold Ashanti (NYSE: AU) Announces Pricing of Notes Offering

AngloGold Ashanti Limited (the "Company") announces the pricing of a public offering of $1 billion of Notes consisting of (i) 5.375% Notes due 2020 in the principal amount of $700 million, and (ii) 6.50% Notes due 2040 in the principal amount of $300 million. Subject to customary conditions, the offering is expected to close on April 28, 2010. The offering was made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission.

The Notes were issued by AngloGold Ashanti Holdings plc, a wholly owned subsidiary of the Company, are unsecured and are fully and unconditionally guaranteed by the Company.

The Company estimates that the net proceeds from the offering will be approximately $983 million, after deducting discounts and estimated expenses. The Company intends to use the net proceeds of this offering to repay certain indebtedness and for general corporate purposes, including to fund capital expenditure and the development of the Company's projects pipeline. Pending such application, the Company may temporarily repay indebtedness under its credit facilities or place the funds in short-term deposits.

Barclays Capital and Goldman, Sachs & Co. acted as active book-runners for the offering and Royal Bank of Canada and Standard Chartered Bank were passive book-runners. When available, copies of the prospectus supplement and accompanying prospectus for the offering may be obtained from: Barclays Capital at Barclays Capital Inc., Attention: High Grade Fixed Income Syndicate, telephone: 1-888-603-5847, or by emailing or Goldman, Sachs & Co. at Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing

This news release does not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of any of the securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such jurisdiction. The securities being offered have not been
approved or disapproved by any regulatory authority, nor has any such
authority passed upon the accuracy or adequacy of the prospectus supplement
or the shelf registration statement or prospectus. A registration statement
relating to the securities has been filed with the Securities and Exchange
Commission, which is effective upon filing; a final prospectus supplement
relating to the offering will be filed with the Securities and Exchange
Commission as soon as possible.


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, the resumption of production at AngloGold Ashanti's mines in
Ghana, the completion of announced mergers and acquisitions transactions,
AngloGold Ashanti's liquidity and capital resources, and expenditure and
the outcome and consequences of any litigation proceedings or environmental
issues, 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 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 factors, refer to AngloGold Ashanti's annual
report for the year ended 31 December 2009, which was distributed to
shareholders on 30 March 2010. The company's annual report on Form 20-F,
was filed with the Securities and Exchange Commission in the United States
on April 19, 2010. 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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