ANGLOGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1944/017354/06)
ISIN Number: ZAE000014601
JSE Share Code: ANG
NEWS RELEASE
ANGLOGOLD WITHDRAWS MODIFIED HANDLING FEE ARRANGEMENTS
AngloGold announced today that it had withdrawn the modified handling fee
arrangements announced on Monday, 3 December regarding AngloGold's offer for
Normandy Mining.
The withdrawal of the arrangements comes in the light of an application made
by Newmont Mining Corporation to the Australian Takeovers Panel and
Normandy's deferral of its recommendation in relation to the increased
AngloGold offer for Normandy announced last Thursday. A recommendation in
relation to the AngloGold offer is now not expected until next week.
AngloGold's original handling fee arrangements are not affected however, and
will continue to apply until the close of AngloGold's offer, scheduled for
27 December 2001.
Accordingly, a participating organisation of the ASX whose stamp appears on
the relevant Acceptance Form or who, in respect of a CHESS holding, provides
evidence satisfactory to AngloGold that it is the Controlling Participant
who has initiated the acceptance, will continue to be paid fees as follows:
(a) 0.75% of the consideration payable to accepting Normandy shareholders
(on the basis that one AngloGold share is valued at A$65); and
(b) 1.25% of amounts subscribed under the AngloGold top-up facility to a
maximum of $750 per acceptance form.
AngloGold's offer for Normandy is currently valued at $1.65 per share,
compared with Newmont's offer of $1.48 per share (which could increase by a
further $0.05 per share in the event of 90% acceptance of the offer), based
on the relevant closing share prices on the New York Stock Exchange
yesterday.
Ends
Queries:
In Australia
Andrea Maxey
+61 8 9425 4604 (tel)
+61 8 9625 4650 fax)
+61 438 001 393 (mobile)
amaxey@anglogold.com.au
Hamish Douglass
Deutsche Bank
+61 2 9258 2039 (tel)
+61 2 9258 2440 (fax)
+61 419 560 349 (mobile)
hamish.douglass@db.com
In South Africa
Steve Lenahan
+2711 637 6248 (tel)
+2711 637 6107 (fax)
+27 83 308 2200 (mobile)
slenahan@anglogold.com
Shelagh Blackman
+2711 637-6379 (tel)
+2711 637-6399 (fax)
+27 83 308 2471 (mobile)
sblackman@anglogold.com
In Europe
Tomasz Nadrowski
+41 22 718 3312 (tel)
+41 22 718 3335 (fax)
+41 79 345 9774 (mobile)
tnadrowski@anglogold.com
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
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
