ANGLO AMERICAN ANNOUNCES SALE OF STAKE IN GOLD FIE
ANGLO AMERICAN PLC - ANGLO AMERICAN ANNOUNCES SALE OF STAKE IN GOLD FIELDS
Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
(the "Company")
Anglo American announces sale of stake in Gold Fields
Anglo American plc ("Anglo American") announces that it has sold its 20% stake
in Gold Fields Ltd ("Gold Fields") to MMC Norilsk Nickel, through its wholly-
owned subsidiary Norimet Limited, for ZAR 7,631,251,245 (or approximately $1.16
billion). The sale of the 98,467,758 shares was effected by way of an on-market
trade on the JSE Securities Exchange, South Africa. Anglo American will realise
an approximate gain of $480 million on the sale of the Gold Fields shares.
The proceeds from the sale will be used to pay down Anglo American"s South
African indebtedness and to finance its ongoing capital expenditure programme in
South Africa.
For the financial year ended 2003, Anglo American"s investment in Gold Fields
was recorded on Anglo American"s balance sheet at $686 million. In terms of the
current financial year, Anglo American will equity account the stake in Gold
Fields for the three months ending March 2004.
Citigroup Global Markets Limited acted as financial adviser to Anglo American on
the transaction.
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 Dixon
Tel: +27 11 638 4730 Tel: +27 11 638 3001
Notes to Editors:
Anglo American plc is one of the world"s largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in gold, platinum group metals and diamonds, with significant interests
in coal, base and ferrous metals, industrial minerals and forest products. The
group is geographically diverse, with operations in Africa, Europe, South and
North America, Australia and Asia. (www.angloamerican.co.uk)
Date: 29/03/2004 09:15:25 AM Produced by the JSE SENS Department
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