Results of General Meeting regarding the proposed amendments to the Black Economic Empowerment transaction
|Wednesday, May 11, 2011
Shareholders are referred to the circular to shareholders dated 14 April 2011 ("the circular") relating to the proposed amendments to the Black Economic Empowerment transaction in which the Bokamoso ESOP and Izingwe Holdings (Proprietary) Limited acquired shares in AngloGold Ashanti in 2006.
In this regard, shareholders are advised that at the general meeting of the shareholders of the company held today, 11 May 2011, the requisite majority of shareholders approved all the resolutions set out in the notice of general meeting contained in the circular.
The special resolution will be filed with the Companies and Intellectual Property Commission in due course in accordance with the requirements of the Companies Act, 2008.
Merchant bank and transaction sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Corporate law advisers:
Tabacks and Associates (Pty) Limited
Standard Bank of South Africa Limited
Ernst & Young Inc.
|Alan Fine (Media)
||+27 (0) 11 637 6383 / +27 (0) 83 250 0757
|Mike Bedford (Investors)
||+27 (0) 11 637 6273 / +27 (0) 82 374 8820
|Stewart Bailey (Investors)
||+1 212 836 4303 / +1 646 338 4337
Certain statements made in this communication, 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 completion and commencement of commercial operations of certain of AngloGold Ashanti’s exploration and production projects, the completion of announced mergers and acquisitions transactions, AngloGold Ashanti’s liquidity and capital resources, and expenditure and the outcome and consequences of any litigation proceedings or environmental issues, contain certain forward-looking statements regarding AngloGold Ashanti’s operations, economic performance and financial condition. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements 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 factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2010, which was distributed to shareholders on 29 March 2011. The company’s 2009 annual report on Form 20-F, was filed with the Securities and Exchange Commission in the United States on April 19, 2010 and as amended on May 18, 2010. 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. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
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