Anglgold Limited
Press release
Newmont has raised objections to the Takeovers Panel in Australia regarding
certain aspects of AngloGold's notice extending the offer period in its bid
for Normandy.
Following discussions with the Panel, AngloGold has today confirmed that its
offer for Normandy will not be increased.
AngloGold's Chairman and CEO, Bobby Godsell said: "Our offer will not be
increased. We have been very disciplined and taken great care to justify our
previous increases, but there is no basis on which we could justify a
further increase in the offer. The market has already judged AngloGold's
offer to be a full and fair price."
In AngloGold's 11 January 2002 press release, it stated that Newmont's stock
price had fallen by 11% since AngloGold announced its bid for Normandy (on 5
September 2001). In fact, the Newmont stock price has fallen by 10% compared
to the price immediately before Newmont, not AngloGold, announced its bid
for Normandy (on 14 November 2001).
AngloGold's offer is open and available for immediate acceptance, with
payment within three days of acceptance. The offer is scheduled to close at
19:00 Sydney time on Friday, 18 January 2001.
www.anglogold.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@anglogol
d.com
Queries:
In Australia
Andrea Maxey
+61 8 9425 4604
(tel)
+61 8 9625 4650
fax)
+61 438 001 393
(mobile)
amaxey@anglogold.c
om.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 Europe
Tomasz Nadrowski
+41 22 718 3312
(tel)
+41 22 718 3335
(fax)
+41 79 345 9774
(mobile)
tnadrowski@anglogo
ld.com
Alex Buck
+44 20 7664 8712
(tel)
+44 20 7664 8711
(fax)
+44 7932 2740 452
(mobile)
abuck@anglogold.co
m
In the USA
Charles Carter
800 417 9255 toll
free
+1 212 750 7999
(tel)
+1 212 750 5626
(fax)
ccarter@anglogold.
com
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