SOURCE: AngloGold Ashanti

June 08, 2005 10:26 ET

AngloGold Ashanti Employee Share Ownership Program

JOHANNESBURG, SOUTH AFRICA -- (MARKET WIRE) -- June 8, 2005 -- AngloGold Ashanti (NYSE: AU) notes recent press reports and confirms that it is considering establishing an employee share ownership program (ESOP). The company has had preliminary discussions with organized labour in South Africa on this matter and expects these to proceed in earnest in the near future. The company has also discussed the potential ESOP with the South African Department of Minerals and Energy, as AngloGold Ashanti sees an ESOP as part of its transformation program and in line with the spirit of the mining charter.

The contemplated ESOP is consistent with the company's stated strategic intention to develop means of promoting broad-based equity participation. The scope and terms of the scheme remain under consideration and, once finalized, a further announcement will be made and, if appropriate, put forward for shareholder approval.

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