AngloGold notes Randgold agreement with Moto Goldmines

Thursday, Aug 06, 2009

Further to its previous announcement, AngloGold Ashanti Limited is pleased to note that Moto Goldmines Limited has entered into an arrangement agreement with Randgold Resources Limited to implement an acquisition of the Company. The board of Moto has today unanimous ly recommended the transaction to its shareholders.

The terms of the Randgold Transaction in the arrangement agreement are as announced by Randgold on 16 July 2009, whereby Moto shareholders would receive 0.07061 of an ordinary share of Randgold (or, where applicable, 0.07061 of an American Depositary Share (“ADS”) of Randgold) per Moto share. In addition, Moto shareholders would be provided with the option to elect to receive (in lieu of Randgold shares or ADSs) cash consideration of US$4.47 per

Moto share in respect of all or some of their Moto shares, subject to proration based on an aggregate maximum cash amount payable to all Moto shareholders of approximately US$244 million.

Upon closing of the Randgold Transaction, whic h is conditional on customary terms and conditions including the approval of Moto shareholders, AngloGold Ashanti will acquire an indirect 50% interest in Moto for approximately US$244 million in cash, plus a 50% share in certain other transaction related liabilities and expenses. AngloGold Ashanti has received all necessary regulatory and other approvals to implement this transaction.

Shareholders are referred to separate announcements made by Moto and Randgold today describing in greater detail the above arrangements.

Source: AngloGold Ashanti