ANGLO PLATINUM ACQUIRES 17,5% OF JOHNSON MATTHEY F
Anglo Platinum Acquires 17,5% Of Johnson Matthey Fuel Cells Limited
ANGLO AMERICAN PLATINUM CORPORATION LIMITED
Registration No 1946/022452/06
JSE CODE : AMS
ISIN : ZAE000013181
ANGLO PLATINUM ACQUIRES 17,5% OF JOHNSON MATTHEY FUEL CELLS LIMITED
Anglo Platinum is pleased to announce that it has acquired a 17,5% stake in
Johnson Matthey Fuel Cells Limited, the fuel cell components subsidiary of
speciality chemicals company Johnson Matthey plc.
Anglo Platinum has contributed its share of the intellectual property rights,
developed under an existing long-term research and development agreement with
Johnson Matthey, and will make a GBP 20 million (R327 million) payment in return
for the 17,5% stake.
The acquisition provides Anglo Platinum with exposure to the commercialisation
of the jointly developed fuel cell technology.
Barry Davison, executive chairman of Anglo Platinum commented, "The development
of fuel cells is a logical extension to our strategy of growing the market for
platinum group metals. Fuel cells will drive the long-term demand for platinum
and this strategic holding will provide commercial returns as well as stimulate
demand."
For further information, please contact
Mike Mtakati
+2711 373 6462 (direct)
+2783 455 7887 (mobile)
8 November 2002
Merrill Lynch South African (Pty) Ltd
Registration No 1995/001805/07
Date: 08/11/2002 09:00:03 AM Produced by the JSE SENS Department
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