Report of the independent assurers

To the Board of Directors and Management of AngloGold Ashanti Limited

Introduction

We have been engaged by AngloGold Ashanti Limited (“AngloGold Ashanti”) to conduct an assurance engagement on selected subject matter reported in AngloGold Ashanti’s Sustainability Review 2009, (“Sustainability Review”) for the purposes of expressing a statement of independent assurance, for the year ended 31 December 2009. This assurance report applies only to the subject matter as referenced herein. The Sustainability Review includes both the published hard copy “Summary Report” and the Internet published “Supplementary Information”.

Subject matter

The following subject matter related to the Sustainability Review was selected for an expression of assurance:

• The alignment of AngloGold Ashanti’s sustainability policies to the International Council of Mining and Metals’ (ICMM) 10 Sustainable Development Principles. (Limited Assurance, Commitments to external initiatives, and refer to the section on the ICMM Sustainable Development Framework implementation)
• AngloGold Ashanti’s reporting of its material sustainable development priorities based on its own review of the business and the views and expectations of its stakeholders. (Limited Assurance, refer Assessing materiality)
• The description of systems and approaches that AngloGold Ashanti has implemented to manage its material sustainable development priorities as related to the Key Performance Indicators (KPIs) marked for assurance in the GRI table of the Supplementary Information by the symbol . (Reasonable Assurance)
• AngloGold Ashanti’s performance on its sustainable development priorities by way of the selected KPIs as marked for assurance in the Supplementary Information by the symbol . (Reasonable Assurance)
• AngloGold Ashanti’s self declared Global Reporting Initiative (GRI) G3 application level (Limited Assurance, Reporting on issues that matter)

Directors’ responsibility

AngloGold Ashanti’s directors are responsible for the selection, preparation and presentation of the identified subject matter in accordance with the GRI’s new generation (G3) guidelines and the ICMM sustainable development framework. AngloGold Ashanti’s directors are responsible for the selection, preparation and presentation of the identified subject matter in accordance with the GRI’s new generation (G3) guidelines and the ICMM sustainable development framework.

Responsibility of the independent assurers

Our responsibility is to express to the directors an opinion on the identified subject matter contained in the Report, for the year ended 31 December 2009, based on our assurance engagement.

Work performed

We conducted our engagement in accordance with the International Standards for Assurance Engagements 3000, “Assurance Engagements other than audits or reviews of historical financial information” (ISAE 3000) issued by the International Auditing and Assurance Standards Board; and the ICMM’s Sustainable Development Framework Assurance Procedure.

Criteria

The requirements as set out by both the ICMM Sustainable Development Framework Assurance Procedure and the reporting criteria as stipulated by the GRI new generation (G3) guidelines, have been applied as assurance criteria. Anglogold Ashanti’s internal corporate reporting procedures were applied as criteria for testing the selected KPIs in the scope of assurance.

Our work consisted of:

• reviewing AngloGold Ashanti’s implementation of the ICMM requirements;
• obtaining an understanding of the systems used to generate, aggregate and report data at selected sites and business in South Africa, Obuasi operation in Ghana, and Geita operation in Tanzania;
• conducting interviews with management at the sampled operations and at Head Office;
• applying the assurance criteria in evaluating the data generation and reporting processes;
• performing key controls testing;
• testing the accuracy of data reported on a sample basis;
• reviewing the consistency between the subject matter and related statements in AngloGold Ashanti’s Sustainability Review report; and
• reviewing the validity of AngloGold Ashanti’s self-declaration of the GRI (G3) application level in the Report.

Inherent limitations

Non-financial data is subject to more inherent limitations than financial data, given both the nature and the methods used determining, calculating, sampling or estimating such data. Qualitative interpretations of relevance, materiality and accuracy of data are subject to individual assumptions and judgements.

The evidence gathering procedures for limited assurance are more restricted than for reasonable assurance and therefore assurance is obtained with limited assurance than for reasonable assurance.

Conversion factors used to derive emissions and energy used from fuel and electricity consumed, are based upon information and factors derived by independent third parties. Our assurance work has not included an examination of the derivation those factors and other third party information.

We have not carried out any work on data reported for prior reporting periods, nor in respect of future projections and targets.

We have not conducted any work outside of the agreed scope and therefore restrict our opinion to the agreed subject matter

Conclusion

On the basis of our limited assurance procedures, nothing has come to our attention causing us to believe that the subject matter selected for limited assurance for the year ended 31 December 2009, is materially misstated.

On the basis of our reasonable assurance procedures, the subject matter selected for assurance for the year ended 31 December 2009, is free from material misstatements.

PricewaterhouseCoopers Inc.
Director: Wessie van der Westhuizen
Registered Auditor
Johannesburg
11 March 2010