NEWS RELEASE
CORPORATE AFFAIRS DEPARTMENT
1st FLOOR, 11 DIAGONAL STREET
JOHANNESBURG 2001
TELEPHONE: (+27 11) 637-6385
FAX: (+27 11) 637-6399/6400
15 November 2001
AngloGold response to Newmont bid for Normandy
The bid by Newmont Mining Corporation for Normandy Mining Limited values
Normandy at $1.51 (which could increase by 5 cents per share in the event of
a 90% acceptance of the offer), based on Newmont's closing share price on
Wednesday 14 November on the New York Stock Exchange. This compares with
the current value of the AngloGold offer to Normandy shareholders of $1.47
per share, also based on yesterday's closing AngloGold share price on the
NYSE.
The combination of AngloGold and Normandy offers a compelling strategic fit
of assets, a sustainable high dividend and the real possibility of
significant share price growth.
AngloGold is considering the Newmont proposal in the light of the strategic
and value-adding merits of its own offer and will respond appropriately in
due course. AngloGold will only pursue a course of action that delivers
demonstrable value for shareholders.
Ends
www.anglogold.com
Queries:
In South Africa
Peta Baldwin
+2711 637 6647 (tel)
+2711 637 6107 (fax)
+27 83 273 7858 (mobile)
pbaldwin@anglogold.com
Shelagh Blackman
+2711 637-6379 (tel)
+2711 637-6399 (fax)
+27 83 308 2471 (mobile)
sblackman@anglogold.com
In the UK
Alex Buck
+44 20 7664 8712 (tel)
+44 20 7664 8711 (fax)
+44 7932 2740 452 (mobile)
abuck@anglogold.com
In the USA
Charles Carter
800 417 9255 toll free
+1 212 750 7999 (tel)
+1 212 750 5626 (fax)
ccarter@anglogold.com
In Australia
Andrea Maxey
+61 8 9425 4604 (tel)
+61 8 9625 4650 fax)
+61 438 001 393 (mobile)
amaxey@anglogold.com.au
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