Unprotected work stoppage impacts AngloGold Ashanti's Kopanang mine

JOHANNESBURG, SOUTH AFRICA–(Marketwire – Sep 21, 2012) – An unprotected strike at AngloGold Ashanti's (NYSE: AU) Kopanang operations prevented the night shift from taking place on September 20, 2012. The strike is currently confined to this single mine. Management's priority is to maintain safety, peace and stability at the site and to continue a constructive dialogue with all employees, their representatives and other stakeholders. The company is following the necessary procedures and an update will be provided at the appropriate time.

About Kopanang

The Kopanang mine produced 90,000 ounces of gold in the first half of this year, which was about 4% of AngloGold Ashanti's total production over that period. AngloGold Ashanti's South Africa operations accounted for approximately 32% of total group production during the first half of the year. Approximately 5,000 workers are employed at Kopanang, which lies roughly 200km southwest of Johannesburg.

SPONSOR: UBS South Africa (Pty) Limited

 

Certain statements made in this communication, other than statements of
historical fact, including, without limitation, those concerning the
economic outlook for the gold mining industry, expectations regarding gold
prices, production, cash costs and other operating results, growth
prospects and outlook of AngloGold Ashanti's operations, individually or in
the aggregate, including the achievement of project milestones, the
completion and commencement of commercial operations of certain of
AngloGold Ashanti's exploration and production projects and the completion
of acquisitions and dispositions, AngloGold Ashanti's liquidity and capital
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potential or pending litigation or regulatory proceedings or environmental
issues, are forward-looking statements or forecasts regarding AngloGold
Ashanti's operations, economic performance and financial condition.  These
forward-looking statements or forecasts involve known and unknown risks,
uncertainties and other factors that may cause AngloGold Ashanti's actual
results, performance or achievements to differ materially from the
anticipated results, performance or achievements expressed or implied in
these forward-looking statements.  Although AngloGold Ashanti believes that
the expectations reflected in such forward-looking statements or forecasts
are reasonable, no assurance can be given that such expectations will prove
to have been correct. Accordingly, results could differ materially from
those set out in the forward-looking statements as a result of, among other
factors, changes in economic and market conditions, success of business and
operating initiatives, changes in the regulatory environment and other
government actions including environmental approvals and actions,
fluctuations in gold prices and exchange rates, and business and
operational risk management. For a discussion of certain of these and other
factors, refer to AngloGold Ashanti's annual report for the year ended 31
December 2011, which was distributed to shareholders on 4 April 2012, the
company's 2011 annual report on Form 20-F, which was filed with the
Securities and Exchange Commission in the United States on 23 April 2012
and the prospectus supplement to the company's prospectus dated July 17,
2012 that was filed with the Securities and Exchange Commission on July 25,
2012.  These factors are not necessarily all of the important factors that
could cause AngloGold Ashanti's actual results to differ materially from
those expressed in any forward-looking statements.  Other unknown or
unpredictable factors could also have material adverse effects on future
results.  Consequently, stakeholders are cautioned not to place undue
reliance on forward-looking statements.  AngloGold Ashanti undertakes no
obligation to update publicly or release any revisions to these forward-
looking statements to reflect events or circumstances after today's date or
to reflect the occurrence of unanticipated events, except to the extent
required by applicable law.  All subsequent written or oral forward-looking
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behalf are qualified by the cautionary statements herein.

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AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios
in managing its business. Non-GAAP financial measures should be viewed in
addition to, and not as an alternative for, the reported operating results
or cash flow from operations or any other measures of performance prepared
in accordance with IFRS.  In addition, the presentation of these measures
may not be comparable to similarly titled measures other companies may use.

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