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Thu 26 Feb 2004, 13:36 Anglo American submits proposal for acquisition of
Anglo American submits proposal for acquisition of Portucel                     
  Anglo American plc                                                              
  (Incorporated in the United Kingdom)                                            
  Registration number: 3564138                                                    
  Share code: AGL                                                                 
  ISIN: GB0004901517                                                              
  (the "Company")                                                                 
  News Release                                                                    
  Anglo American submits proposal for acquisition of Portucel                     
  Anglo American plc ("Anglo American") confirms that it has submitted a proposal 
  for the acquisition of a 30% interest in PORTUCEL-Empresa Produtora de Pasta e  
  Papel,S.A. ("Portucel"), being sold as part of a reprivatisation process by the 
  Government of Portugal.                                                         
  In addition, Anglo American has entered into an agreement with the Sonae group  
  regarding its interest in Portucel.  Under this agreement, Anglo American will  
  be able to acquire a control position in Portucel subject to certain conditions,
  including its being successful in the privatisation process.                    
  This acquisition would form an important part of Anglo American"s paper and     
  packaging division, Mondi, furthering its growth strategy.                      
  For further information:                                                        
  Anglo American - London                                                         
  Investor Relations                    Media Relations                           
  Nick von Schirnding                   Kate Aindow                               
  Tel:  +44 207 698 8540                Tel:  +44 207 698 8619                    
  Anglo American - Johannesburg                                                   
  Investor Relations                    Media Relations                           
  Anne Dunn                             Marion Dixo                               
  Tel:  +27 11 638 4730                 Tel:  +27 11 638 300                      
  26 February 2004                                                                
  Johannesburg                                                                    
  Sponsor                                                                         
  Cazenove                                                                        
  Date: 26/02/2004 12:51:40 PM Produced by the JSE SENS Department                
                                                                                  
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