ShareData Online - JSE listed company SENS

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Anglo American remains committed to South Africa and has full confidence in the country’s political leadership. There is no substantive disagreement between Anglo American and the Government. The sentence highlighted by the President in his weekly newsletter came from an interview with the Financial Times in which Tony Trahar was asked to comment on investor perceptions of South Africa in the context of the leaking of the Mining Charter two years ago. He confirmed that the impact had been quite negative but that investor perception had improved markedly since then. Anglo American is fully supportive of transformation in South Africa and is a leader in several fields in this regard. Anglo American has also worked closely with the Government in ensuring that the transformation of the mining industry proceeded in a way that met the requirements of all parties. In its road shows internationally it has always made a case for South Africa and investment in South Africa, and repeatedly and systematically corrected negative perceptions about South Africa. The transcripts of such presentations over the past few years are available. The company currently has new approved investments of some R26 billion. It has no uninvested surplus cash balances on which it is sitting and has reinvested in South Africa over R100 billion since January 1999. We look forward to meeting with the Government to confirm our shared understanding of these issues. Anglo American responds to SA president`s letter By: Posted: `10-SEP-04 16:00` GMT © Mineweb 1997-2004 Anglo American – Johannesburg

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