Edgar Filing: ANGLOGOLD ASHANTI LTD

Page 1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

Report on Form 6-K dated August 12, 2010

Commission File Number 1-14846

AngloGold Ashanti Limited

(Name of registrant)

76 Jeppe Street

Newtown, 2001

(P.O. Box 62117, Marshalltown, 2107)

South Africa

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):

Yes No X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):

Yes No X

Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.

Yes No X

Enclosure: Press release      ANGLOGOLD ASHANTI REPORT FOR THE QUARTER AND SIX
                                          MONTHS ENDED JUNE 30, 2010 PREPARED IN ACCORDANCE WITH
                                          INTERNATIONAL FINANCIAL REPORTING STANDARDS

Quarter 2 2010

Report

for the quarter and six months ended 30 June 2010

Group results for the quarter….

· Adjusted headline earnings more than doubled to $129m, or 35 US cents per share arising from the higher
production and gold price.
· Production of 1.126Moz at a total cash cost of $617/oz; significant improvements on market guidance.
· Production gains 4% on higher volumes from South Africa and Americas regions.
· Hedge book declines by 330,000oz to 3.22Moz, now less than three quarters’ production.
· Uranium production jumps 24% to 387,000lbs on improved recoveries.
· CC&V, Geita and South African operations continue strong turnaround success.
· Promising initial results received from exploration drilling on Baffin Island in Canada.
· Tropicana regional exploration yields significant results, feasibility study on track for completion in third quarter.
· Kibali and Mongbwalu project studies in the DRC, progressing to schedule.
· Interim dividend declared of 65 South African cents per share or 9 US cents per ADS.

Events post quarter-end…

· Tau Lekoa sale to Simmer & Jack Mines Limited concluded on 1 August 2010.
· Drilling set to restart on La Colosa in Colombia.
· AngloGold Ashanti assumes 51% of Gramalote project in Colombia.

Quarter

Six months

Quarter

Six months

ended

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

SA rand / Metric

US dollar / Imperial

Operating review

Gold

Produced

- kg / oz (000)

35,011

33,574 68,586 69,356

1,126

1,079

2,205

2,230

Price received

- R/kg / $/oz

265,806

244,873 255,564 256,862

1,095

1,015

1,056

878

Total cash costs

- R/kg / $/oz

149,365

149,431 149,397 134,681

617

619

618

458

Total production costs

- R/kg / $/oz

183,891

190,374 187,065 171,229

759

789

774

583

Financial review

Adjusted gross profit

- Rm / $m

2,723

1,638 4,360 5,275

359

218

578

584

(Loss) profit attributable to equity

shareholders

- Rm / $m

(1,360)

1,150 (210)

2,305

(187)

157

(30)

299

cents/share

(371)

313 (57)

643

(51)

(8)

Adjusted headline earnings

- Rm / $m

980

463 1,442 2,840

129

190

317

cents/share

267

126 393 792

Cash flow from operating activities

- Rm / $m

2,963

1,326 4,289 4,301

386

179

566

498

Capital expenditure

- Rm / $m

1,703

1,283 2,986 4,608

226

171

397

502

Notes:

1. Refer to note C "Non-GAAP disclosure" for the definition.

2. Refer to note B "Non-GAAP disclosure" for the definition.

3. Refer to note A "Non-GAAP disclosure" for the definition.

$ represents US dollar, unless otherwise stated.

Rounding of figures may result in computational discrepancies.

Operations at a glance

for the quarter ended 30 June 2010

oz (000)

% Variance

$/oz

% Variance

$m $m Variance

SOUTH AFRICA

447

560

(11)

154

103

Great Noligwa

829

(12)

Kopanang

542

(7)

Moab Khotsong

557

(3)

Tau Lekoa

927

Mponeng

136

408

(7)

Savuka

100

(116)

(102)

TauTona

682

(12)

Surface Operations

478

(8)

CONTINENTAL AFRICA

371

(1)

702

102

(2)

Ghana
Iduapriem

150

622

(21)

Obuasi

(21)

717

(14)

Guinea
Siguiri - Attributable 85%

(7)

623

Mali
Morila - Attributable 40%

(8)

696

Sadiola - Attributable 41%

(3)

631

Yatela - Attributable 40%

(48)

721

(9)

Namibia

Production

Total cash costs

Adjusted

gross profit (loss)

Navachab

735

Tanzania
Geita

833

Non-controlling interests, exploration
and other

AUSTRALASIA

(24)

1,063

Australia
Sunrise Dam

(24)

1,028

Exploration and other

(3)

AMERICAS

221

416

126

Argentina
Cerro Vanguardia - Attributable 92.50%

345

(12)

Brazil
AngloGold Ashanti Brasil Mineração

(5)

381

Serra Grande - Attributable 50%

(10)

502

(2)

United States of America
Cripple Creek & Victor

465

(4)

Non-controlling interests, exploration
and other

(1)

OTHER

Sub-total

1,126

617

393

133

Equity accounted investments included above

(34)

AngloGold Ashanti

359

141

Refer to note B "Non-GAAP disclosure" for the definition.

Equity accounted joint ventures.

Variance June 2010 quarter on March 2010 quarter - increase (decrease).

Rounding of figures may result in computational discrepancies.

Financial and Operating Report

OVERVIEW FOR THE QUARTER

OPERATING RESULTS FOR THE QUARTER

Production and total cash costs for the three months to 30 June were both better than the guidance set by the
company. Production rose 4% to 1.126Moz from the previous quarter, while total cash costs were largely
unchanged at $617/oz. The improved performance was attributable to the recovery in production in South Africa
and Iduapriem in Ghana, the continued turnaround at Cripple Creek & Victor in the US and Geita in Tanzania, as
well as a strong operating performance from Cerro Vanguardia in Argentina.

Guidance for the second quarter was 1.079Moz at a total cash cost of $650/oz and an exchange rate of R7.40/$.

SAFETY

Tragically, eight fatal injuries were recorded during the quarter after five colleagues lost their lives at the South
African operations, two in Tanzania and another in the Democratic Republic of the Congo. AngloGold Ashanti’s
senior management recommitted to the company’s goal of achieving ‘zero harm’ across its operations, with the
launch of its Safety Transformation Blueprint. This new strategy, to achieve the next quantum improvement in
safety, will be incorporated into the Project ONE operating model. The downward trend observed in the Lost Time
Injury Frequency Rate (LTIFR) during preceding years continued into the second quarter, improving by 12% to
6.17 per million hours worked. An analysis of injury reports show a proliferation of incidents between midnight and
the end of the night shift, when the human body is most susceptible to fatigue. Work is currently underway to
mitigate this risks in the workplace. Siguiri, Yatela, Sadiola and Navachab remained free of lost time injuries during
the period under review.

OPERATING REVIEW

The South African operations produced 447,000oz at a total cash cost of $560/oz in the second quarter of 2010,
compared with 384,000oz at a total cash cost of $626/oz the previous quarter. Strong volume gains and grade
improvement across each of the core operations contributed to the better performance as the new management
team implemented its turnaround strategy. At the Vaal River operations, Great Noligwa showed a 17%
improvement in production to 34,000oz and a drop in total cash costs to $829/oz as the strategy of improving
productivity rates to return the mine to profitability continued. Kopanang and Moab Khotsong were both
beneficiaries of higher grades mined and registered 11% production gains to 78,000oz at $542/oz and 70,000oz at
$557/oz respectively. The surface operations also improved yields amid a rise in volumes treated, resulting in a
18% jump in output to 40,000oz and a 8% reduction in total cash costs to $478/oz. Improved recoveries helped the
company achieve a 24% rise in uranium production to 387,000lb. At the West Wits operations, higher yield and a
better mine call factor at the flagship Mponeng operation led to an 18% increase in production to 136,000oz, while
total cash costs improved by 7% to $408/oz. The resumption of normal operations at TauTona, following the halt
for an infrastructure inspection, led to a 41% rise in production to 62,000oz at a total cash cost of $682/oz.
Production at Savuka remained constrained at 2,000oz as rehabilitation work continued slower than anticipated.
Options are continually being reviewed for this asset going forward.

Continental Africa’s production declined marginally to 371,000oz at a total cash cost of $702/oz, from 374,000oz
at $630/oz in the previous quarter. The principal reason for the drop was the lower production from Obuasi, where
– as stated earlier this year – steps were taken to improve water treatment, resulting in a 21% decline in output to
77,000oz and a 28% rise in costs to $717/oz. Iduapriem’s production rebounded and costs improved after a
shutdown for much of the preceding quarter for improvements to tailings storage. Grade declines impacted
production at Yatela and Morila in Mali and Siguiri in Guinea, though this was partly offset at the latter by higher
volumes. The turnaround at Geita, in Tanzania, continued despite stoppages related to the collision of two mining
trucks during the quarter, with a 7% gain in production to 90,000oz and total cash costs little changed at $833/oz.

Australia’s production declined to 87,000oz at $1,063/oz, from 114,000oz at $931/oz the previous quarter. The
decline in production from Sunrise Dam was in line with the plan. The total cash cost figure at the operation
included $326/oz non-cash charge for deferred stripping.

The Americas production increased to 221,000oz at a total cash cost of $416/oz, from 207,000oz at $416/oz the
previous quarter. The chief contributor to improved production was Cripple Creek & Victor, where the strategy of
stacking higher grade ore closer to the pad liner helped realise a 33% increase in output to 77,000oz, along with a
4% drop in total cash costs to $465/oz. Higher by-product credits at Cerro Vanguardia, where silver production
rose 5%, helped the mine achieve a 12% drop in total cash costs to $345/oz, the lowest in the group. Gold
production at the mine rose 2% to 48,000oz. In Brazil, lower grades and the annual maintenance shutdown of the
acid plant caused a 5% drop in production at AngloGold Ashanti Brasil Mineração to 78,000oz. The total cash cost

increase was well contained at 3% to $381/oz, despite higher power and maintenance service expenses. Serra
Grande’s production slipped by 10% to 18,000oz due to lower grades.

FINANCIAL AND CORPORATE REVIEW

Adjusted headline earnings more than doubled to $129m, or 35 US cents per share, from $61m, or 17 US cents
the previous quarter. This increase was due largely to the increased production and strong cost control, as well as
an increase in the received price. An interim dividend of 65 South African cents per share has been declared, an
8% increase on last year’s interim dividend.

The average gold price received during the quarter rose 8% to $1,095/oz. This represents an 8.6% discount to the
average spot price over the period of $1,198/oz, within the guided range of 8% to 10%. The company’s overall
hedge commitments reduced by 330,000oz to 3.22Moz, which is less than three quarters’ production at current
rates.

The company continued to improve the strength of its balance sheet given the increase in operating cash flow and
the two-part, $2bn debt package finalised in May which comprised a renewed revolving credit facility of $1bn as
well as a $300m 30-year bond and a $700m 10-year bond. Net debt declined by 10% to $834m, while the ratio of
net debt to EBITDA (earnings before interest, tax and depreciation) was 0.5 times.

The company recorded a loss attributable to equity shareholders of $187m compared with a profit of $157m the
previous quarter. The June quarter includes unrealised losses on non-hedge derivatives of $380m pre-tax
compared with a profit of $82m pre-tax the previous quarter.

PROJECTS

AngloGold Ashanti incurred capital expenditure of $226m during the quarter, of which $64m was spent on growth
projects. Of the growth-related capital, $33m was spent in the Americas, $20m in Continental Africa, $9m in South
Africa and $3m in Australasia.

The feasibility study at the Tropicana Gold Project, 330km east-northeast of Kalgoorlie in Western Australia, is
nearing completion. AngloGold Ashanti is the manager of the project and owns a 70% stake, while Independence
Group NL owns the balance. Finalisation of capital and operating costs are in progress and development of the
implementation schedule and construction contracting strategies are underway. The study is scheduled for
completion by the fourth quarter, when the partners will make a development decision. In July, the Western
Australia Environmental Protection Agency (EPA) released its report and recommendation on the project and it is
anticipated that the State and Federal Ministers will announce their decision by year-end. Should the necessary
regulatory and board approvals be obtained by year-end, construction will start in early 2011, with gold production
to begin in the first half of 2013.

Scoping studies will be completed in the second half of the year at both Havana Deeps deposit and at the Boston
Shaker discovery, about 500m northeast of Tropicana. Boston Shaker has now been defined over a 700m strike
length and is open down dip. It is expected that this work will add to resources in the second half of 2010. (Refer
exploration section of report for additional detail on drilling results for the Tropicana district).

Detailed engineering on the Córrego do Sítio Project in Brazil commenced immediately after the project was
approved in May. Underground development by AngloGold Ashanti’s in-house teams is progressing to schedule
and environmental licenses have been obtained for the crushing plant, ore storage facility, the second portal and
effluent treatment. The contract to refurbish and upgrade the São Bento plant is currently in AngloGold Ashanti’s
procurement process, while the contracts for the design and manufacture of the autoclaves have been awarded.

Randgold Resources has announced their decision to accelerate the proposed start to the development of the
Kibali Project, located in the northeast Democratic Republic of the Congo. Pre-construction preparations have run
ahead of plan given positive interaction with local communities and rapid development of associated infrastructure,
allowing the partners to bring the start of construction forward by six months to mid-2011. The project is on track to
pour its first gold in January 2014. An updated feasibility study, which will optimise the mining plan and the size of
the plant, is on track for completion by the end of this year. Randgold, the operator of Kibali, and AngloGold
Ashanti each have an effective 45% stake in the project, while OKIMO holds the balance. (Refer exploration
section for an update on exploration at Mongbwalu).

EXPLORATION

Total exploration expenditure during the second quarter, inclusive of expenditure at equity accounted joint
ventures, was $72m ($26m on brownfields, $26m on greenfields and $20m on pre-feasibility studies), compared
with $48m the previous quarter ($17m on brownfields, $17m on greenfields and $14m on pre-feasibility studies).
The following are highlights from the company’s greenfields exploration activities during the quarter. More detail on
the brownfields programme can be seen at www.anglogoldashanti.com.

About 82,500m of greenfields exploration drilling was completed at priority sites and used to delineate new targets
in Australia, Canada, Guinea and the Solomon Islands. This was more than double the amount drilled the previous
quarter. Expenditure rose 53% to $26m.

In Australasia, scoping level economic studies will be completed on the Boston Shaker and Havana Deeps
resource additions during the second half of the year. Significant gold results at the Boston Shaker deposit, about
500m northeast of the Tropicana resource, included 32m @ 3.71g/t Au from 181m, 5m @ 3.5g/t Au from 61m and
9m @ 7.44g/t Au from 51m. The Havana Deeps prospect represents the potential higher-grade underground
extension of the Havana open-pit ore body. Exploration of this zone will complement the Tropicana feasibility
study. Havana deeps drilling results included 11m @ 3.77g/t Au from 477m, 14m @ 5.84g/t Au from 558m, 14m @
4.75g/t Au from 663m and 14m @ 4.19g/t Au from 387m. Significant results were also returned from aircore drilling
of several regional prospects including Black Dragon, 25km northwest of Tropicana, with gold results up to 8m @
0.73g/t Au and from Voodoo Child, 50km north of Tropicana, including 12m @ 2.5g/t Au from 1m and 26m @
0.68g/t Au from 11m.

In the Americas, where the company has more than 60,000km

of exploration tenements in some of the most

prospective gold belts, early stage exploration took place in Colombia, Brazil, Argentina, the US and Canada.

Diamond drilling at the Malrok prospect, on the Baffin Island Gold Project JV with Commander Resources in
Canada, encountered thick intersections of altered and structurally complex iron formation units in a number of
holes drilled down-plunge and down-dip from gold-bearing iron formation intercepts drilled in 2004. At least three
separate iron formations, including one previously undiscovered – were intersected during a 3,300m drilling
campaign. The gold-bearing iron formations at Malrok consist of iron-rich silicates with pyrrhotite, arsenopyrite and
erratically distributed fine grains of free gold. Drilling also commenced 40km east of Malrok at the Kanosak
prospect, a 300m-wide, 3.5km-long trend consisting of gold-bearing quartz veins and alteration open to extension.
Channel sampling over the past two years have confirmed that gold values occur in quartz-arsenopyrite veins, the
arsenopyrite bearing host sedimentary rocks and localised shear zones. Previously reported results included gold
values of up to 9.32g/t Au over 5.87m and 91.06g/t Au over 1.6m.

Regional exploration work in Colombia was also undertaken during the period and included mapping and sampling
in the La Colosa regional project area of approximately 600km

, the southern Cajamarca region and the La

Llanada region.

In Continental Africa, AngloGold Ashanti, in partnership with OKIMO (13.78%), is scheduled to complete a
feasibility study by the first quarter of next year on the 2.93Moz Mongbwalu project in the Democratic Republic of
the Congo. A 20,000m combined drilling programme is currently underway over Mongbwalu-Adidi and a further
5,000m programme is planned for early phase drill-testing of regional targets in the third quarter. Other regional
work is ongoing and 5,886km

of exploration licenses previously held by OKIMO, are being transferred to this joint

venture. Additional exploration took place on blocks 2,3 and 4 in Guinea, as well as with joint venture partners in
Gabon and Tanzania.

In the Middle East & North Africa, AngloGold Ashanti’s exploration and related activities were conducted through
the Strategic Alliance with Thani Investments LLC and included Phase 2 sampling and mapping in Egypt. At the
Hodine concession, the Hutite orogenic gold prospect has been mapped and sampled in detail. Encouraging
results were received and drilling is scheduled to commence in the third quarter. In Eritrea, where two exploration
licences totalling 1,870km

were granted to the alliance, exploration will begin in the third quarter. Project

generation has actively taken place elsewhere in the region, including Saudi Arabia.

OUTLOOK

AngloGold Ashanti’s production and total cash cost guidance for the full year 2010 remains unchanged at 4.5Moz
to 4.7Moz at a total cash cost of $590/oz to $615/oz. This assumes an average exchange rate of R7.70/$ and an
oil price of $75/barrel.

Third quarter production is expected to be 1.150Moz at a total cash cost of $645/oz, assuming an exchange rate of
R7.55/$. This reflects the impact of the winter power tariff and mid-year wage increases in South Africa.

Notes:

· All references to price received include realised non-hedge derivatives.

· All references to adjusted gross profit (loss) refers to gross profit (loss) adjusted for unrealised non-hedge derivatives and other
commodity contracts and excludes hedge buy-back costs.

· In the case of joint venture and operations with non-controlling interests, all production and financial results are attributable to
AngloGold Ashanti.

· Rounding of figures may result in computational discrepancies.

Review of the Gold Market

GOLD PRICE MOVEMENT AND INVESTMENT MARKETS

Gold price data

The gold price averaged $1,198/oz during the quarter, 8% more than during the previous three-month period
amid a continued backdrop of heightened sovereign-debt risk in Europe, with successive debt downgrades in
Greece and Portugal. As this contagion spread across Mediterranean countries, the equity markets dropped
and the euro traded sharply lower versus the dollar. Risk aversion in the broader market sent bullion to a
record $1,265/oz on 21 June and also to new highs in euro and Brazilian real, highlighting the metal’s safe
haven qualities across several regions.

Investment

While the rate of inflows into exchange traded funds moderated year-on-year, the 10 major ETFs still grew
from 57Moz at the start of the quarter to a high of 65Moz. ETF gold holdings now represent almost 80% of
annual gold production. Net long positions on the Comex peaked at 34Moz, a level last seen during the
fourth quarter of 2009.

The sovereign debt crisis underpinned investment demand in the US. During the quarter, 191t were added to
the GLD ETF and 13.4m contracts were added to COMEX, 15% more than the previous quarter. American
Eagles registered sales of 12.5t during the quarter, up from 8.4t the previous period. Gold investment in the
Middle East market did not experience a particularly notable second quarter on the back of a reasonable first
quarter.

Medallion and bar sales rose strongly in India, with anecdotal evidence suggesting that, unlike the jewellery
sector, investors showed robust demand even as the price rose. This was further evidenced in large-scale
registrations for Jewellery Savings Schemes. Investment demand in China jumped by half year-on-year and
accounted for as much as 40% of the total gold off-take of about 200t during the quarter. This was nearly
equivalent to all of last year’s investment-related purchases amid continued declines in the country’s stock
market and regulatory changes that have made property speculation more onerous.

Official sector

With three months remaining in the third Central Bank Sales Agreement, only 39t of the 400t quota have
been sold, comprised of sales by the International Monetary Fund. The World Gold Council reports that
official sector gold holdings increased by 272t in the first quarter of 2010, with 180t from a revision of Saudi
Arabia’s gold holdings and the balance of 92t, which has been accumulated by the official sector during the
first quarter of the year.

Jewellery

In India the second quarter witnessed strong demand in the period leading up to the Akshaya Thritiya festival
in mid-May. Across India the festivities started with the Baisakhi Vishu and the Bengali New Year festivities,
which run from mid-April. Most jewellers reported higher Akshaya Thritiya sales in volume terms when
compared to the same period last year. June is traditionally the annual off-peak season for the Indian market
and this year is no different with demand slowing.

The increasing gold price took its toll on jewellery demand in India, with the average price 5% higher in rupee
terms. Consumer sentiment remained sluggish during the off-peak season amid high price levels, relative
volatility and the high rate of inflation. Demand is expected to recover during the festive season from August
until November, which features Diwali-Dhanteras. Jewellery sales in China showed single-digit percentage
increase during the quarter, which is traditionally a weak sales period in the country. China’s consumers
appeared to have adjusted to the new price floor around $1,200/oz, but retailers and manufacturers
remained more circumspect than during the first quarter. Consumers in the US, however, suffered `sticker
shock’ at the higher prices and retailers continued to hold smaller inventories.

Hedge position

As at 30 June 2010, AngloGold Ashanti had the following total outstanding commitments against future production. The
total ounces committed on this date was 3.22Moz or 100t (as at 31 March 2010: 3.55Moz or 110t) and the total net delta
tonnage of the hedge on this date was 3.06Moz or 95t (at 31 March 2010: 3.35Moz or 104t).

The marked-to-market value of all hedge transactions making up the hedge positions in the table below was a negative
$2.41bn (negative R18.40bn) as at 30 June 2010 (at 31 March 2010; negative $2.07bn – negative R15.09bn). The value
was based on a gold price of $1,240.6/oz, exchange rates of R7.63/$ and A$/$0.8362 and the prevailing market interest
rates and volatilities at the time.

As at 10 August 2010, the marked-to-market value of the hedge book was a negative $2.16bn (negative R15.61bn),
based on a gold price of $1,197.3/oz and exchange rates of R7.23/$ and A$/$0.9132 and the prevailing market interest
rates and volatilities at the time.

These marked-to-market valuations are in no way predictive of the future value of the hedge position nor of future impact
on the revenue of the company. The valuation represents the cost of buying all hedge contracts at the time of valuation,
at market prices and rates available at the time.

The following table indicates the group’s commodity hedge position at 30 June 2010:

Year

2010

2011

2012

2013

2014

2015

Total

US DOLLAR/GOLD
Forward contracts

Amount (oz)

* (538,542)

60,000

122,500

119,500

91,500

* (145,042)

US$/oz

*$1,128

$227 $418 $477 $510

$3,025

Put options sold

Amount (oz)

177,930

148,000

85,500

60,500

532,430

US$/oz

$938

$623 $538 $440 $450

$674

Call options sold

Amount (oz)

492,340

776,800

811,420

574,120

680,470

29,000

3,364,150

US$/oz

$588

$554

$635

$601

$604

$670

$598

RAND/GOLD
Forward contracts

Amount (oz)

*(20,000)

ZAR/oz

*R7,064

Put options sold

Amount (oz)

20,000

ZAR/oz

R7,525

Call options sold

Amount (oz)

20,000

ZAR/oz

R8,350

** Total net gold:

Delta (oz)

61,073

(820,484)

(888,798)

(661,884)

(726,053)

(26,462) (3,062,608)

Committed (oz)

46,202

(836,800)

(933,920)

(693,620)

(771,970)

(29,000) (3,219,108)

The following table indicates the group’s currency hedge position at 30 June 2010:

Year

2010

2011

2012

2013

2014

2015

Total

RAND DOLLAR
Call options sold

Amount ($000)

20,000

US$/R

R8,08

A DOLLAR
Put options purchased

Amount ($000)

20,000

A$/US$

$0,82

Put options sold

Amount ($000)

20,000

A$/US$

$0,86

Call options sold

Amount ($000)

20,000

A$/US$

$0,79

Represents a net long gold position and net short US Dollars and Rands resulting from both forward sales and purchases for the period.

** The Delta of the hedge position indicated above is the equivalent gold position that would have the same marked-to-market sensitivity for a small

change in the gold price. This is calculated using the Black-Scholes options formula with the ruling market prices, interest rates and volatilities as at
30 June 2010.

Fair value of derivative analysis by accounting designation at 30 June 2010:

Figures in millions

Non-hedge

accounted

Total

US Dollar

Commodity option contracts

(2,179)

Forward sale commodity contracts

(246)

Total hedging contracts

(2,425)

Embedded derivatives

(1)

Warrants on shares

Option component of convertible bond

(111)

Total derivatives

(2,535)

Credit risk adjustment

(106)

Total derivatives - before credit risk adjustment

(2,641)

Rounding of figures may result in computational discrepancies.

Group income statement

Quarter

Six months

ended

June

March

June

2010

2009

2010

2009

SA Rand million

Notes

Unaudited

Revenue

9,918

8,453

6,817

18,371

13,641

Gold income

9,625

8,222

6,481

17,847

12,999

Cost of sales

(6,099)

(6,060)

(5,212)

(12,159)

(10,833)

(Loss) gain on non-hedge derivatives and other
commodity contracts

(3,625)

1,783

(3,566)

1,987

Gross (loss) profit

(99)

2,221

3,051

2,122

4,153

Corporate administration and other expenses

(371)

(282)

(300)

(653)

(651)

Market development costs

(21)

(19)

(25)

(41)

(52)

Exploration costs

(391)

(277)

(243)

(668)

(465)

Other operating expenses

(15)

(56)

(51)

(71)

(102)

Operating special items

(89)

(174)

739

(262)

679

Operating (loss) profit

(986)

1,413

3,171

427

3,562

Interest received

134

190

Exchange (loss) gain

(1)

285

301

Fair value adjustment on option component of
convertible bond

129

356

(123)

485

(123)

Finance costs and unwinding of obligations

(323)

(239)

(322)

(561)

(573)

Share of equity accounted investments' profit

163

160

253

383

(Loss) profit before taxation

(1,022)

1,796

3,263

774

3,739

Taxation

(264)

(558)

(915)

(822)

(1,299)

(Loss) profit for the period

(1,286)

1,238

2,348

(48)

2,440

Allocated as follows:
Equity shareholders

(1,360)

1,150

2,304

(210)

2,305

Non-controlling interests

162

135

(1,286)

1,238

2,348

(48)

2,440

Basic (loss) profit per ordinary share (cents)

(371)

313

642

(57)

643

Diluted (loss) profit per ordinary share (cents)

(371)

313

641

(57)

641

Calculated on the basic weighted average number of ordinary shares.

Rounding of figures may result in computational discrepancies.

Calculated on the diluted weighted average number of ordinary shares.

Group income statement

Quarter

Six months

ended

June

March

June

2010

2009

2010

2009

US Dollar million

Notes

Unaudited

Revenue

1,314

1,126

814

2,440

1,503

Gold income

1,275

1,095

773

2,370

1,431

Cost of sales

(810)

(807)

(617)

(1,617)

(1,185)

(Loss) gain on non-hedge derivatives and other
commodity contracts

(486)

231

(473)

252

Gross (loss) profit

(21)

301

387

280

498

Corporate administration and other expenses

(49)

(37)

(36)

(86)

(71)

Market development costs

(2)

(3)

(5)

(6)

Exploration costs

(52)

(37)

(29)

(89)

(51)

Other operating expenses

(2)

(8)

(6)

(10)

(11)

Operating special items

(12)

(23)

(35)

Operating (loss) profit

(138)

193

406

445

Interest received

Exchange gain

Fair value adjustment on option component of
convertible bond

(15)

Finance costs and unwinding of obligations

(43)

(32)

(39)

(75)

(64)

Share of equity accounted investments' profit

(Loss) profit before taxation

(144)

244

418

100

465

Taxation

(33)

(76)

(113)

(109)

(152)

(Loss) profit for the period

(177)

168

305

(9)

313

Allocated as follows:
Equity shareholders

(187)

157

299

(30)

299

Non-controlling interests

(177)

168

305

(9)

313

Basic (loss) profit per ordinary share (cents)

(51)

(8)

Diluted (loss) profit per ordinary share (cents)

(51)

(8)

Calculated on the basic weighted average number of ordinary shares.

Rounding of figures may result in computational discrepancies.

Calculated on the diluted weighted average number of ordinary shares.

Group statement of comprehensive income

Quarter

Six months

ended

June

March

June

2010

2009

2010

2009

SA Rand million

Unaudited

(Loss) profit for the period

(1,286)

1,238

2,348

(48)

2,440

Exchange differences on translation of foreign
operations

373

(280)

(2,518)

(2,352)

Share of equity accounted investments' other
comprehensive income

(4)

(4)

Net gain (loss) on cash flow hedges

(1)

321

150

Net loss on cash flow hedges removed from
equity and reported in gold income

279

322

279

852

Hedge ineffectiveness on cash flow hedges

Realised gains on hedges of capital items

Deferred taxation thereon

(98)

(176)

(98)

(267)

181

510

183

799

Net gain (loss) on available for sale financial
assets

144

(45)

(47)

Release on disposal of available for sale
financial assets

(41)

(41)

Deferred taxation thereon

(1)

(4)

115

(44)

(48)

Other comprehensive income (expense)
for the period net of tax

486

(143)

(2,056)

343

(1,521)

Total comprehensive (expense) income
for the period net of tax

(800)

1,095

292

295

919

Allocated as follows:
Equity shareholders

(874)

1,007

244

133

774

Non-controlling interests

162

145

(800)

1,095

292

295

919

Rounding of figures may result in computational discrepancies.

Group statement of comprehensive income

Quarter

Six months

ended

June

March

June

2010

2009

2010

2009

US Dollar million

Unaudited

(Loss) profit for the period

(177)

168

305

(9)

313

Exchange differences on translation of foreign
operations

(83)

302

(61)

288

Share of equity accounted investments' other
comprehensive income

(1)

(1)

Net gain on cash flow hedges

Net loss on cash flow hedges removed from
equity and reported in gold income

Hedge ineffectiveness on cash flow hedges

Realised gains on hedges of capital items

Deferred taxation thereon

(13)

(24)

(13)

(33)

Net gain (loss) on available for sale financial
assets

(6)

(4)

Release on disposal of available for sale
financial assets

(6)

(6)

Deferred taxation thereon

(6)

(4)

Other comprehensive (expense) income
for the period net of tax

(68)

352

(28)

375

Total comprehensive (expense) income
for the period net of tax

(245)

208

657

(37)

688

Allocated as follows:
Equity shareholders

(255)

197

652

(58)

673

Non-controlling interests

(245)

208

657

(37)

688

Rounding of figures may result in computational discrepancies.

Group statement of financial position

As at

June

March

December

June

2010

2009

SA Rand million

Note

Unaudited

Audited

Unaudited

ASSETS

Non-current assets
Tangible assets

43,625

42,476

43,263

37,111

Intangible assets

1,272

1,309

1,316

1,264

Investments in associates and equity accounted joint ventures

4,559

4,795

4,758

1,805

Other investments

1,512

1,315

1,302

820

Inventories

2,422

2,485

2,508

2,432

Trade and other receivables

1,022

867

788

696

Derivatives

Deferred taxation

349

451

390

Cash restricted for use

345

364

394

377

Other non-current assets

102

54,906

54,078

54,883

44,941

Current assets
Inventories

6,061

5,216

5,102

5,212

Trade and other receivables

1,595

1,517

1,419

3,534

Derivatives

1,148

1,517

2,450

3,551

Current portion of other non-current assets

Cash restricted for use

106

118

110

Cash and cash equivalents

6,607

5,346

8,176

17,768

15,519

13,716

17,237

30,177

Non-current assets held for sale

653

665

650

669

16,172

14,381

17,887

30,846

TOTAL ASSETS

71,078

68,459

72,770

75,787

EQUITY AND LIABILITIES

Share capital and premium

40,057

39,884

39,834

37,547

Retained earnings and other reserves

(18,414)

(17,465)

(18,276)

(13,570)

Non-controlling interests

939

956

966

792

Total equity

22,582

23,375

22,524

24,768

Non-current liabilities
Borrowings

12,556

4,809

4,862

12,857

Environmental rehabilitation and other provisions

3,459

3,383

3,351

3,492

Provision for pension and post-retirement benefits

1,189

1,181

1,179

1,279

Trade, other payables and deferred income

150

144

108

111

Derivatives

852

941

1,310

1,215

Deferred taxation

5,200

5,661

5,599

6,032

23,406

16,119

16,409

24,986

Current liabilities
Current portion of borrowings

185

7,095

9,493

7,846

Trade, other payables and deferred income

4,065

3,867

4,332

4,014

Derivatives

19,646

16,674

18,770

13,011

Taxation

1,134

1,271

1,186

1,098

25,030

28,907

33,781

25,969

Non-current liabilities held for sale

25,090

28,965

33,837

26,033

Total liabilities

48,496

45,084

50,246

51,019

TOTAL EQUITY AND LIABILITIES

71,078

68,459

72,770

75,787

Net asset value - cents per share

6,174

6,386

6,153

6,916

Rounding of figures may result in computational discrepancies.

Group statement of financial position

As at

June

March

December

June

2010

2009

US Dollar million

Note

Unaudited

Audited

Unaudited

ASSETS

Non-current assets
Tangible assets

5,718

5,823

5,819

4,813

Intangible assets

167

180

177

164

Investments in associates and equity accounted joint ventures

598

657

640

234

Other investments

198

180

175

106

Inventories

317

340

337

315

Trade and other receivables

134

119

106

Derivatives

Deferred taxation

Cash restricted for use

Other non-current assets

7,196

7,414

7,381

5,829

Current assets
Inventories

794

715

686

676

Trade and other receivables

209

208

191

458

Derivatives

150

208

330

461

Current portion of other non-current assets

Cash restricted for use

Cash and cash equivalents

866

733

1,100

2,305

2,033

1,880

2,319

3,914

Non-current assets held for sale

2,119

1,971

2,406

4,001

TOTAL ASSETS

9,315

9,385

9,787

9,830

EQUITY AND LIABILITIES

Share capital and premium

5,834

5,811

5,805

5,508

Retained earnings and other reserves

(2,998)

(2,738)

(2,905)

(2,398)

Non-controlling interests

123

131

130

103

Total equity

2,959

3,204

3,030

3,212

Non-current liabilities
Borrowings

1,646

659

654

1,668

Environmental rehabilitation and other provisions

453

464

451

453

Provision for pension and post-retirement benefits

156

162

159

166

Trade, other payables and deferred income

Derivatives

112

129

176

158

Deferred taxation

681

776

753

782

3,068

2,210

2,207

3,241

Current liabilities
Current portion of borrowings

973

1,277

1,018

Trade, other payables and deferred income

533

530

582

521

Derivatives

2,575

2,286

2,525

1,687

Taxation

148

174

159

142

3,280

3,963

4,543

3,368

Non-current liabilities held for sale

3,288

3,971

4,550

3,376

Total liabilities

6,356

6,181

6,757

6,617

TOTAL EQUITY AND LIABILITIES

9,315

9,385

9,787

9,830

Net asset value - cents per share

809

875

828

897

Rounding of figures may result in computational discrepancies.

Group statement of cash flows

Quarter

Six months

ended

June

March

June

2010

2009

2010

2009

SA Rand million

Unaudited

Cash flows from operating activities
Receipts from customers

10,030

8,166

6,928

18,196

13,332

Payments to suppliers and employees

(6,992)

(6,640)

(5,135)

(13,632)

(8,861)

Cash generated from operations

3,038

1,526

1,793

4,564

4,471

Dividends received from equity accounted investments

488

117

421

605

594

Taxation paid

(563)

(317)

(340)

(880)

(764)

Net cash inflow from operating activities

2,963

1,326

1,874

4,289

4,301

Cash flows from investing activities
Capital expenditure

(1,600)

(1,267)

(2,189)

(2,867)

(4,576)

Proceeds from disposal of tangible assets

7,156

7,173

Other investments acquired

(127)

(120)

(33)

(248)

(193)

Acquisition of associates and equity accounted joint ventures

(99)

(72)

(9)

(171)

(9)

Proceeds on disposal of associate

Loans advanced to associates and equity accounted joint ventures

(6)

(17)

(23)

Loans repaid from associates and equity accounted joint ventures

Proceeds from disposal of investments

127

181

225

Decrease (increase) in cash restricted for use

(3)

(94)

Interest received

116

186

Loans advanced

(1)

(37)

(1)

(37)

(1)

Repayment of loans advanced

Net cash (outflow) inflow from investing activities

(1,610)

(1,382)

5,086

(2,991)

2,716

Cash flows from financing activities
Proceeds from issue of share capital

130

Share issue expenses

(6)

(11)

Share issue expenses

(6)

(11)

Proceeds from borrowings

7,383

264

7,092

7,647

18,030

Repayment of borrowings

(7,263)

(2,642)

(1,003)

(9,905)

(11,138)

Finance costs paid

(301)

(76)

(245)

(376)

(655)

Dividends paid

(182)

(260)

(443)

(178)

Net cash (outflow) inflow from financing activities

(337)

(2,711)

5,853

(3,048)

6,178

Net increase (decrease) in cash and cash equivalents

1,016

(2,767)

12,813

(1,750)

13,195

Translation

245

(63)

(919)

181

(865)

Cash and cash equivalents at beginning of period

5,346

8,176

5,874

8,176

5,438

Cash and cash equivalents at end of period

6,607

5,346

17,768

6,607

17,768

Cash generated from operations
(Loss) profit before taxation

(1,022)

1,796

3,263

774

3,739

Adjusted for:
Movement on non-hedge derivatives and other commodity contracts

2,878

(672)

(525)

2,206

1,095

Amortisation of tangible assets

1,173

1,267

1,095

2,440

2,356

Finance costs and unwinding of obligations

323

239

322

561

573

Environmental, rehabilitation and other expenditure

(18)

(27)

(11)

Operating special items

169

(733)

255

(672)

Amortisation of intangible assets

Deferred stripping

324

204

(263)

528

(575)

Fair value adjustment on option component of convertible bond

(129)

(356)

123

(485)

123

Interest received

(70)

(65)

(92)

(134)

(190)

Share of equity accounted investments' profit

(89)

(163)

(160)

(253)

(383)

Other non-cash movements

(285)

(202)

Movements in working capital

(431)

(948)

(928)

(1,379)

(1,393)

3,038

1,526

1,793

4,564

4,471

Movements in working capital
(Increase) decrease in inventories

(775)

(97)

1,153

(872)

713

(Increase) decrease in trade and other receivables

(199)

(302)

131

(501)

(206)

Increase (decrease) in trade and other payables

543

(549)

(2,212)

(6)

(1,899)

(431)

(948)

(928)

(1,379)

(1,393)

Rounding of figures may result in computational discrepancies.

Group statement of cash flows

Quarter

Six months

ended

June

March

June

2010

2009

2010

2009

US Dollar million

Unaudited

Cash flows from operating activities
Receipts from customers

1,332

1,086

811

2,418

1,457

Payments to suppliers and employees

(934)

(881)

(575)

(1,814)

(953)

Cash generated from operations

398

205

236

604

504

Dividends received from equity accounted investments

Taxation paid

(75)

(42)

(40)

(117)

(83)

Net cash inflow from operating activities

386

179

255

566

498

Cash flows from investing activities
Capital expenditure

(212)

(169)

(257)

(381)

(499)

Proceeds from disposal of tangible assets

893

895

Other investments acquired

(17)

(16)

(5)

(33)

(21)

Acquisition of associates and equity accounted joint ventures

(13)

(10)

(1)

(23)

(1)

Proceeds on disposal of associate

Loans advanced to associates and equity accounted joint ventures

(1)

(2)

(3)

Loans repaid from associates and equity accounted joint ventures

Proceeds from disposal of investments

Decrease (increase) in cash restricted for use

(9)

Interest received

Loans advanced

(5)

Repayment of loans advanced

Net cash (outflow) inflow from investing activities

(213)

(184)

650

(398)

411

Cash flows from financing activities
Proceeds from issue of share capital

Share issue expenses

(1)

Share issue expenses

(1)

Proceeds from borrowings

995

856

1,029

1,961

Repayment of borrowings

(963)

(352)

(111)

(1,315)

(1,135)

Finance costs paid

(40)

(10)

(31)

(50)

(72)

Dividends paid

(24)

(35)

(59)

(18)

Net cash (outflow) inflow from financing activities

(29)

(362)

716

(391)

749

Net increase (decrease) in cash and cash equivalents

144

(367)

1,621

(223)

1,658

Translation

(11)

(11)

Cash and cash equivalents at beginning of period

733

1,100

613

1,100

575

Cash and cash equivalents at end of period

866

733

2,305

866

2,305

Cash generated from operations
(Loss) profit before taxation

(144)

244

418

100

465

Adjusted for:
Movement on non-hedge derivatives and other commodity contracts

387

(94)

(81)

293

Amortisation of tangible assets

156

169

130

324

258

Finance costs and unwinding of obligations

Environmental, rehabilitation and other expenditure

(2)

(3)

(1)

Operating special items

(92)

(85)

Amortisation of intangible assets

Deferred stripping

(31)

(62)

Fair value adjustment on option component of convertible bond

(17)

(48)

(64)

Interest received

(9)

(9)

(11)

(18)

(21)

Share of equity accounted investments' profit

(11)

(22)

(19)

(33)

(41)

Other non-cash movements

(36)

(28)

Movements in working capital

(60)

(124)

(94)

(184)

(144)

398

205

236

604

504

Movements in working capital
Increase in inventories

(55)

(33)

(74)

(88)

(108)

Increase in trade and other receivables

(17)

(45)

(44)

(61)

(76)

Increase (decrease) in trade and other payables

(46)

(35)

(60)

(124)

(94)

(184)

(144)

Rounding of figures may result in computational discrepancies.

Group statement of changes in equity

Cash

Available

Foreign

Share

Other

flow

for

Actuarial

currency

Non-

capital &

capital

Retained

hedge

sale

(losses) translation

controlling

Total

SA Rand million

premium

reserves

earnings

reserve

gains

reserve

Total

interests

equity

Balance at December 2008

37,336

799

(22,765)

(1,008)

(18)

(347)

8,959

22,956

790

23,746

Profit for the period

2,305

135

2,440

Comprehensive income (expense)

789

(2,352)

(1,531)

(1,521)

Total comprehensive income (expense) - - 2,305 789 32 - (2,352) 774 145 919

Shares issued

211

Share-based payment for share awards

Dividends paid

(178)

Translation

(11)

127

143

(143)

Balance at June 2009

37,547

858

(20,511)

(199)

(345)

6,607

23,976

792

24,768

Balance at December 2009

39,834

1,194

(25,739)

(174)

414

(285)

6,314

21,558

966

22,524

(Loss) profit for the period

(210)

162

(48)

Comprehensive (expense) income

(4)

183

343

Total comprehensive (expense) income - (4) (210) 183 71 - 93 133 162 295

Shares issued

223

Share-based payment for share awards

Dividends paid

(255)

Dividends of subsidiaries

(209)

Transfers to other reserves

(26)

Translation

(39)

(20)

Balance at June 2010

40,057

1,229

(26,243)

(17)

495

(285)

6,407

21,643

939

22,582

US Dollar million

Balance at December 2008

5,485

(2,361)

(107)

(2)

(37)

(635)

2,428

2,511

Profit for the period

299

313

Comprehensive income

288

374

375

Total comprehensive income

- - 299 82 4 - 288 673 15 688

Shares issued

Share-based payment for share awards

Dividends paid

(18)

Translation

(14)

(1)

(8)

(5)

Balance at June 2009

5,508

111

(2,094)

(26)

(45)

(347)

3,109

103

3,212

Balance at December 2009

5,805

161

(2,744)

(23)

(38)

(317)

2,900

130

3,030

(Loss) profit for the period

(30)

(9)

Comprehensive (expense) income

(1)

(61)

(28)

Total comprehensive (expense) income - (1) (30) 24 10 - (61) (58) 21 (37)

Shares issued

Share-based payment for share awards

Dividends paid

(35)

Dividends of subsidiaries

(28)

Transfers to other reserves

(3)

Translation

(2)

(1)

Balance at June 2010

5,834

161

(2,807)

(2)

(37)

(378)

2,836

123

2,959

Rounding of figures may result in computational discrepancies.

Segmental

reporting

for the quarter and six months ended 30 June 2010

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

Gold income
South Africa

3,842

3,083

3,296

6,925

6,186

509

410

393

919

684

Continental Africa

3,378

3,082

2,591

6,460

4,981

448

411

308

858

549

Australasia

847

844

(104)

1,691

522

113

113

(13)

225

Americas

2,168

1,879

1,493

4,047

2,858

287

250

180

537

318

10,235

8,888

7,276

19,123

14,547

1,356

1,184

867

2,540

1,602

Equity accounted investments
included above

(610)

(667)

(796)

(1,276)

(1,548)

(81)

(89)

(94)

(169)

(170)

9,625

8,222

6,481

17,847

12,999

1,275

1,095

773

2,370

1,431

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

Gross (loss) profit

AngloGold Ashanti implemented IFRS 8 “Operating Segments” with effect from 1 January 2009. AngloGold Ashanti’s operating
segments are being reported based on the financial information provided to the Chief Executive Officer and the Executive Management
team, collectively identified as the Chief Operating Decision Maker (“CODM”). As a result of changes in management structure and
reporting from 1 January 2010, the CODM has changed its reportable segments. Individual members of the Executive Management
team are responsible for geographic regions of the business. Comparative information has been presented on a consistent basis.
Navachab which was previously included in Southern Africa now forms part of Continental Africa and North and South America has
been combined into Americas. Southern Africa has been renamed to South Africa.

Quarter ended

Six months ended

SA Rand million

Quarter ended

Six months ended

SA Rand million

US Dollar million

Quarter ended

Six months ended

Quarter ended

Six months ended

US Dollar million

Gross (loss) profit
South Africa

(14)

797

1,851

783

2,970

(4)

108

227

104

340

Continental Africa

(433)

815

934

382

805

(61)

110

123

110

Australasia

(24)

(233)

(192)

(3)

(29)

(25)

Americas

436

909

797

1,345

1,147

122

101

178

136

Corporate and other

129

141

154

2,538

3,404

2,692

4,871

343

429

356

577

Equity accounted investments
included above

(253)

(317)

(353)

(570)

(718)

(34)

(42)

(76)

(79)

(99)

2,221

3,051

2,122

4,153

(21)

301

387

280

498

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

Adjusted gross profit (loss)
South Africa

1,168

387

1,174

1,555

2,795

154

142

205

305

Continental Africa

768

781

657

1,549

1,275

102

104

206

142

Australasia

(25)

234

(24)

330

(3)

Americas

950

771

745

1,721

1,451

126

103

228

162

Corporate and other

129

142

2,975

1,955

2,864

4,930

5,993

393

260

347

653

663

Equity accounted investments
included above

(253)

(317)

(353)

(570)

(718)

(34)

(42)

(76)

(79)

2,723

1,638

2,511

4,360

5,275

359

218

305

578

584

Rounding of figures may result in computational discrepancies.

Quarter ended

Six months ended

US Dollar million

SA Rand million

Quarter ended

Six months ended

Segmental

reporting (continued)

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

Gold production

(1)

South Africa

13,919

11,949

13,601

25,867

27,986

447

384

437

832

900

Continental Africa

11,525

11,643

12,415

23,168

23,633

371

374

399

745

760

Australasia

2,692

3,552

2,928

6,244

5,969

114

201

192

Americas

6,876

6,431

6,105

13,306

11,768

221

207

196

428

378

35,011

33,574

35,050

68,586

69,356

1,126

1,079

1,127

2,205

2,230

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

Capital expenditure
South Africa

746

610

763

1,356

1,432

180

156

Continental Africa

377

204

374

581

774

Australasia

538

146

1,478

161

Americas

491

393

536

884

900

117

Corporate and other

1,703

1,283

2,228

2,986

4,608

226

171

261

397

502

Equity accounted investments
included above

(102)

(16)

(38)

(118)

(32)

(14)

(2)

(4)

(16)

(3)

1,600

1,267

2,189

2,867

4,576

212

169

257

381

499

SA Rand million

US Dollar million

Six months ended

Quarter ended

Six months ended

Quarter ended

Six months ended

Quarter ended

Six months ended

Quarter ended

oz (000)

As at

Jun

Mar

Dec

Jun

Mar

Dec

Jun

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

Total assets
South Africa

18,672

18,176

19,308

19,991

2,447

2,492

2,597

2,593

Continental Africa

29,611

28,660

29,401

21,412

3,881

3,929

3,954

2,777

Australasia

3,374

4,208

4,494

12,395

442

577

604

1,608

Americas

14,939

14,692

14,642

13,322

1,958

2,014

1,969

1,728

Corporate and other

5,033

3,242

5,493

9,165

660

444

740

1,189

71,629

68,978

73,337

76,285

9,388

9,456

9,864

9,894

Equity accounted investments
included above

(551)

(518)

(567)

(498)

(72)

(71)

(77)

(65)

71,078

68,459

72,770

75,787

9,315

9,385

9,787

9,830

(1)

Gold production includes equity accounted investments.

Rounding of figures may result in computational discrepancies.

SA Rand million

US Dollar million

Notes

for the quarter and six months ended 30 June 2010

1. Basis of preparation

The financial statements in this quarterly report have been prepared in accordance with the historic cost convention
except for certain financial instruments which are stated at fair value. The group’s accounting policies used in the
preparation of these financial statements are consistent with those used in the annual financial statements for the
year ended 31 December 2009 and revised International Financial Reporting Standards (IFRS) which are effective
1 January 2010, where applicable. Effective 1 January 2010 the Chief Operating Decision Maker changed the
reportable segments. Details are included in Segmental reporting.

The financial statements of AngloGold Ashanti Limited have been prepared in compliance with IAS34, JSE Listings
Requirements and in the manner required by the South African Companies Act, 1973 for the preparation of financial
information of the group for the quarter and six months ended 30 June 2010.

2. Revenue

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar

Jun Jun Jun Jun Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

Gold income

9,625

8,222

6,481

17,847

12,999

1,275

1,095

773

2,370

1,431

By-products (note 3)

223

166

244

390

452

Interest received

134

190

9,918

8,453

6,817

18,371

13,641

1,314

1,126

814

2,440

1,503

Cost of sales

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar

Jun Jun Jun Jun Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

Cash operating costs

(4,969)

(4,773) (4,385)

(9,743)

(9,110)

(659)

(636) (520)

(1,296) (998)

Insurance reimbursement

By-products revenue (note 2)

223

166

244

390

452

(4,661)

(4,607) (4,141)

(9,268)

(8,658)

(619)

(614) (490)

(1,233) (947)

Royalties

(246)

(189) (152)

(435)

(330)

(32)

(25) (18) (58) (36)

Other cash costs

(48)

(37) (30)

(85)

(59)

(7)

(5) (4) (11) (6)

Total cash costs

(4,955)

(4,832) (4,323)

(9,787)

(9,046)

(658)

(644) (512)

(1,302) (989)

Retrenchment costs

(26)

(52) (40)

(78)

(55)

(4)

(7) (5) (10) (6)

Rehabilitation and other non-cash

costs

(36)

(86) (32)

(122)

(91)

(5)

(12) (4) (16) (10)

Production costs

(5,017)

(4,971) (4,395)

(9,987)

(9,192)

(666)

(663) (521)

(1,329)

(1,005)

Amortisation of tangible assets

(1,173)

(1,267) (1,095)

(2,440)

(2,356)

(156)

(169) (130) (324) (258)

Amortisation of intangible assets

(4)

(4) (4)

(7)

(10)

(1) (1) (1)

Total production costs

(6,193)

(6,242) (5,495)

(12,435)

(11,558)

(822)

(832) (652)

(1,654)

(1,264)

Inventory change

182

282

275

725

(6,099)

(6,060) (5,212)

(12,159)

(10,833)

(810)

(807) (617)

(1,617)

(1,185)

(Loss) gain on non-hedge derivatives and other commodity contracts

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

(Loss) gain on realised non-hedge

derivatives

(803)

(524) 1,243 (1,327)

3,109 (107)

(69) 149

(176) 338

(Loss) gain on unreaslied non-

hedge derivatives

(2,822)

583

540

(2,239)

(1,122)

(380)

(297)

(86)

(3,625)

1,783

(3,566)

1,987

(486)

231

(473)

252

Rounding of figures may result in computational discrepancies.

Other operating expenses

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar Jun Jun Jun Jun Mar

Jun

2010

2010 2009 2010 2009 2010 2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

Pension and medical defined benefit

provisions

(24)

(24)

(48)

(3)

(3) (3) (7) (5)

Claims filed by former employees in respect

of loss of employment, work-related
accident injuries and diseases,
governmental fiscal claims and costs of old
tailings operations

(32)

(24)

(23)

(51)

(5) (3) (3) (6)

Miscellaneous

- (3)

(15)

(56)

(51)

(71)

(102)

(2)

(8) (6) (10) (11)

Operating special items

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

Indirect tax (expenses) reimbursement

(35)

(44)

12 (79)

9 (6)

(6) 2

(11) 1

Net impairments of tangible assets (note 9)

(62)

(81)

- (143)

- (8)

(11) -

(19) -

Loss on consignment stock

- (116)

(15)

Impairment of debtors

(19)

(33)

(3)

(52)

(66)

(2)

(4) -

(7)

(6)

Contract termination fee at Geita Gold Mine

(4)

(5)

(8)

(1) -

(1)

Insurance claim recovery

- 7 10 7 1

Net (loss) profit on disposal and

abandonment of land, mineral rights,
tangible assets and exploration properties
(note 9)

(24)

(11)

839 (35)

844 (3)

(2) 105

(5) 105

Profit on disposal of investment (note 9)

- -

45 - 6

(89)

(174)

739 (262)

679 (12)

(23) 92

(35) 86

Finance costs and unwinding of obligations

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar Jun Jun Jun Jun Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

Finance costs

(245)

(142)

(259)

(386)

(442)

(33)

(19) (31) (52) (49)

Unwinding obligations, accretion on

convertible bond and other discounts

(78)

(97)

(63)

(175)

(131)

(10)

(13) (8) (23)

(15)

(323)

(239)

(322)

(561)

(573)

(43)

(32) (39) (75) (64)

8. Taxation

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

South African taxation

Mining tax

(84)

- (108)

(84)

(108)

(11)

(13)

(11)

(13)

Non-mining tax

(35)

(95)

(126)

(130)

(156)

(5)

(13) (15) (17) (18)

Under provision prior year

(12)

(12)

(13)

(23)

(29)

(2)

(2) (2) (3) (3)

Deferred taxation:

Temporary differences

(122)

108 12 (14)

(310)

(15)

(1)

(30)

Unrealised non-hedge derivatives and

other commodity contracts

420

(160)

(238)

260 (71)

(22) (30) 34

(13)

Change in estimated deferred tax rate

(22)

29 - 7 -

(3)

146

(130)

(473)

16 (673)

(18) (58) 3

(78)

Foreign taxation

Normal taxation

(315)

(337)

(379)

(652)

(516)

(42)

(45) (46) (87) (59)

(Under) over provision prior year

(60)

2 (3)

(58)

(14)

(8)

(8)

(1)

Deferred taxation:

Temporary differences

(13)

(92)

(155)

(105)

(203)

(1)

(13) (21) (14) (26)

Unrealised non-hedge derivatives and

other commodity contracts

(23)

- 94 (23)

106 (3)

(3)

(410)

(428)

(442)

(838)

(626)

(54)

(58) (55)

(112) (74)

(264)

(558)

(915)

(822)

(1,299)

(33)

(76) (113) (109) (152)

Rounding of figures may result in computational discrepancies.

Headline (loss) earnings

Quarter ended

Six months ended

Quarter ended

Six months ended

Jun Mar Jun Jun Jun Jun Mar Jun Jun Jun

2010 2010

2009

2010 2009

2010

2010 2009 2010 2009

Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited

SA Rand million

US Dollar million

The (loss) profit attributable to equity

shareholders has been adjusted by the
following to arrive at headline (loss)
earnings:

(Loss) profit attributable to equity

shareholders

(1,360)

1,150 2,304 (210)

2,305 (187)

157

299

(30)

299

Net impairments of tangible assets (note 6)

143 - 8

Net loss (profit) on disposal and

abandonment of land, mineral rights,
tangible assets and exploration
properties (note 6)

11 (839)

35 (844)

(105)

Insurance claim recovery for infrastructure

- (7)

(1)

Profit on disposal of investment (note 6)

(45)

- -

(45)

(6)

(6)

Impairment of investment in associates and

joint ventures

20 3 35 5 2

Taxation on items above - current portion

- 201

3 205 -

Taxation on items above - deferred portion

(14)

(21)

(32)

(35)

(32)

(2)

(3) (4) (5) (4)

(1,315)

1,241 1,631 (74)

1,631 (181)

169

215

(12)

215

Cents per share

(1)

Headline (loss) earnings

(359)

338 455 (20)

455 (49)

(3)

(1)

Calculated on the basic weighted average number of ordinary shares.

10. Number of shares

Quarter ended

Six months ended

Jun Mar Jun Jun Jun

2010

2010 2009 2010 2009

Unaudited Unaudited Unaudited Unaudited Unaudited

Authorised number of shares:
Ordinary shares of 25 SA cents each

600,000,000

600,000,000

600,000,000 600,000,000 600,000,000

E ordinary shares of 25 SA cents each

4,280,000

4,280,000

4,280,000 4,280,000 4,280,000

A redeemable preference shares of 50 SA cents each

2,000,000

2,000,000

2,000,000 2,000,000 2,000,000

B redeemable preference shares of 1 SA cent each

5,000,000

5,000,000

5,000,000 5,000,000 5,000,000

Issued and fully paid number of shares:
Ordinary shares in issue

362,752,860

362,352,345

354,241,602 362,752,860 354,241,602

E ordinary shares in issue

3,005,932

3,709,362

3,879,290 3,005,932 3,879,290

Total ordinary shares:

365,758,792

366,061,707

358,120,892 365,758,792 358,120,892

A redeemable preference shares

2,000,000

2,000,000

2,000,000 2,000,000 2,000,000

B redeemable preference shares

778,896

778,896

778,896 778,896 778,896

In calculating the diluted number of ordinary shares outstanding for the period, the following were taken into consideration:

Ordinary shares

362,530,946

362,295,477

354,198,056 362,413,862 353,918,523

E ordinary shares

3,235,727

3,734,382

3,896,280 3,483,676 3,918,250

Fully vested options

1,017,064

1,186,849

551,521 1,063,772 670,465

Weighted average number of shares

366,783,737

367,216,708

358,645,857 366,961,310 358,507,238

Dilutive potential of share options

733,901

897,098 -

907,306

Diluted number of ordinary shares

(1)

366,783,737

367,950,609

359,542,955 366,961,310 359,414,544

(1)

The basic and diluted number of ordinary shares is the same for the June 2010 quarter and six months ended June 2010 as the effects of shares for

performance related options are anti-dilutive.

11.

Share capital and premium

As at

Jun Mar Dec Jun Jun Mar Dec Jun

2010 2010 2009 2009

Unaudited

Audited Unaudited Unaudited Unaudited

Audited Unaudited

SA Rand million

US Dollar million

Balance at beginning of period

40,662

40,662 38,246 38,246 5,935

5,935

5,625

Ordinary shares issued

210

43 2,438 202

312

E ordinary shares cancelled

(64)

(10)

(22)

(11)

(9)

(1) (2) (1)

Sub-total

40,808

40,695 40,662 38,437 5,954

5,939

5,935

5,645

Redeemable preference shares held within the group

(313)

(313)

(53)

(53) (53) (53)

Ordinary shares held within the group

(199)

(205)

(212)

(263)

(31)

(31) (32) (38)

E ordinary shares held within the group

(239)

(293)

(303)

(314)

(36)

(44) (45) (46)

Balance at end of period

40,057

39,884 39,834 37,547 5,834

5,811

5,805

5,508

Rounding of figures may result in computational discrepancies.

12. Exchange rates

Jun

Mar

Dec Jun

2010

2009 2009

Unaudited

Unaudited Unaudited

ZAR/USD average for the year to date

7.52

7.50

8.39 9.18

ZAR/USD average for the quarter

7.54

7.50

7.47 8.40

ZAR/USD closing

7.63

7.30

7.44 7.71

ZAR/AUD average for the year to date

6.71

6.78

6.56 6.49

ZAR/AUD average for the quarter

6.65

6.78

6.80 6.42

ZAR/AUD closing

6.38

6.68

6.67 6.21

BRL/USD average for the year to date

1.80

1.80

2.00 2.20

BRL/USD average for the quarter

1.79

1.80

1.74 2.07

BRL/USD closing

1.80

1.78

1.75 1.96

ARS/USD average for the year to date

3.87

3.83

3.73 3.63

ARS/USD average for the quarter

3.90

3.83

3.81 3.73

ARS/USD closing

3.93

3.87

3.80 3.80

13. Capital commitments

Jun

Mar

Dec

Jun

Jun Mar Dec Jun

2010

2009

2010 2010 2009 2009

Unaudited Unaudited

Audited Unaudited Unaudited Unaudited

Audited Unaudited

SA Rand million

US Dollar million

Orders placed and outstanding on capital contracts
at the prevailing rate of exchange

(1)

1,809

1,179

976 1,333

237

162

131 173

(1)

Includes capital commitments relating to equity accounted joint ventures.

Liquidity and capital resources

To service the above capital commitments and other operational requirements, the group is dependent on existing
cash resources, cash generated from operations and borrowing facilities.

Cash generated from operations is subject to operational, market and other risks. Distributions from operations may
be subject to foreign investment and exchange control laws and regulations and the quantity of foreign exchange
available in offshore countries. In addition, distributions from joint ventures are subject to the relevant board
approval.

The credit facilities and other financing arrangements contain financial covenants and other similar undertakings.
To the extent that external borrowings are required, the groups covenant performance indicates that existing
financing facilities will be available to meet the above commitments.

14. Contingencies

AngloGold Ashanti’s material contingent liabilities and assets at 30 June 2010 are detailed below:

Contingencies and guarantees

SA Rand million

US Dollar million

Contingent liabilities
Groundwater pollution

(1)

Deep groundwater pollution – South Africa

(2)

Sales tax on gold deliveries – Brazil

(3)

599

Other tax disputes – Brazil

(4)

227

Indirect taxes – Ghana

(5)

Contingent assets
Royalty – Boddington Gold Mine

(6)

Insurance claim – Savuka Gold Mine

(7)

-
-

Financial guarantees
Oro Group (Pty) Limited

(8)

100

999

132

Rounding of figures may result in computational discrepancies.

AngloGold Ashanti is subject to contingencies pursuant to environmental laws and regulations that may in future
require the group to take corrective action as follows:

(1) Groundwater pollution – AngloGold Ashanti has identified groundwater contamination plumes at certain of its

operations, which have occurred primarily as a result of seepage from mine residue stockpiles. Numerous
scientific, technical and legal studies have been undertaken to assist in determining the magnitude of the
contamination and to find sustainable remediation solutions. The group has instituted processes to reduce future
potential seepage and it has been demonstrated that Monitored Natural Attenuation (MNA) by the existing
environment will contribute to improvement in some instances. Furthermore, literature reviews, field trials and base
line modelling techniques suggest, but are not yet proven, that the use of phyto-technologies can address the soil
and groundwater contamination. Subject to the completion of trials and the technology being a proven remediation
technique, no reliable estimate can be made for the obligation.

(2) Deep groundwater pollution – The company has identified a flooding and future pollution risk posed by deep

groundwater in the Klerksdorp and Far West Rand gold fields. Various studies have been undertaken by
AngloGold Ashanti since 1999. Due to the interconnected nature of mining operations, any proposed solution
needs to be a combined one supported by all the mines located in these gold fields. As a result the Department of
Mineral Resources and affected mining companies are now involved in the development of a “Regional Mine
Closure Strategy”. In view of the limitation of current information for the accurate estimation of a liability, no reliable
estimate can be made for the obligation.

(3) Sales tax on gold deliveries – Mineração Serra Grande S.A. (MSG), received two tax assessments from the State

of Goiás related to payments of sales taxes on gold deliveries for export. AngloGold Ashanti Brasil Mineração
Ltda. manages the operation and its attributable share of the first assessment is approximately $49m. In November
2006 the administrative council’s second chamber ruled in favour of MSG and fully cancelled the tax liability related
to the first period. The State of Goiás has appealed to the full board of the State of Goiás tax administrative
council. The second assessment was issued by the State of Goiás in October 2006 on the same grounds as the
first assessment, and the attributable share of the assessment is approximately $30m. The company believes both
assessments are in violation of federal legislation on sales taxes.

(4) Other tax disputes – MSG received a tax assessment in October 2003 from the State of Minas Gerais related to

sales taxes on gold. The tax administrators rejected the company’s appeal against the assessment. The company
is now appealing the dismissal of the case. The company’s attributable share of the assessment is approximately
$9m.

AngloGold subsidiaries in Brazil are involved in various disputes with tax authorities. These disputes involve
federal tax assessments including income tax, royalties, social contributions and annual property tax. The amount
involved is approximately $21m.

(5) Indirect taxes – AngloGold Ashanti (Ghana) Limited received a tax assessment for $10m during September 2009

following an audit by the tax authorities related to indirect taxes on various items. Management is of the opinion
that the indirect taxes are not payable and the company has lodged an objection.

(6) Royalty – As a result of the sale of the interest in the Boddington Gold Mine joint venture during 2009, the group is

entitled to receive a royalty on any gold recovered or produced by the Boddington Gold Mine, where the gold price
is in excess of Boddington Gold Mine’s cash cost plus $600/oz. The royalty commences on 1 July 2010 and is
capped at a total amount of $100m, R763m.

(7) Insurance claim – On 22 May 2009 an insurable event occurred at Savuka Gold Mine. The amounts due from the

insurers are subject to a formula based on lost production, average gold price and average exchange rates subject
to various excesses and the production and the preparation of supportable data. The insurable amount is not yet
determinable, but management expects the amount to exceed $40m, R305m, of which $23m, R176m has been
received during 2009 and 2010.

(8) Provision of surety – The company has provided sureties in favour of a lender on a gold loan facility with its affiliate

Oro Group (Pty) Limited and one of its subsidiaries to a maximum value of $13m, R100m. The suretyship
agreements have a termination notice period of 90 days.

15. Concentration of risk

There is a concentration of risk in respect of reimbursable value added tax and fuel duties from the Tanzanian
government:

•

Reimbursable value added tax due from the Tanzanian government amounts to $47m at 30 June 2010
(31 March 2010: $42m). The last audited value added tax return was for the period ended 28 February 2010 and
at the reporting date the audited amount was $36m. The outstanding amounts at Geita have been discounted to
their present value at a rate of 7.82%.

•

Reimbursable fuel duties from the Tanzanian government amounts to $49m at 30 June 2010 (31 March
2010: $49m). Fuel duty claims are required to be submitted after consumption of the related fuel and are subject
to authorisation by the Customs and Excise authorities. Claims for refund of fuel duties amounting to $43m have
been lodged with the Customs and Excise authorities, whilst claims for refund of $6m have not yet been lodged.
The outstanding amounts have been discounted to their present value at a rate of 7.82%.

16. Subsequent events

Tau Lekoa – Finalisation of sale

The Department of Mineral Resources has transferred the mining rights for its Tau Lekoa Mine to Buffelsfontein
Gold Mines Limited, a wholly-owned subsidiary of Simmer & Jack Mines Limited (Simmers). Full ownership of Tau
Lekoa and the adjacent properties of Weltevreden, Jonkerskraal and Goedgenoeg will pass to Simmers on
1 August 2010.

AngloGold Ashanti entered into an agreement with Simmers in February 2009 for the sale of Tau Lekoa and the
adjacent properties of Weltevreden, Jonkerskraal and Goedgenoeg for a total purchase consideration of:

•

R600m (payable on completion of the transaction and adjusted as set out below); and

•

a royalty determined at 3% of the net revenue (gross revenue less state royalties) generated by the Tau Lekoa
mine and any operations developed at Weltevreden, Jonkerskraal and Goedgenoeg. The royalty will be payable
quarterly, from 1 January 2010, until the total production from Tau Lekoa, Weltevreden, Jonkerskraal or
Goedgenoeg upon which the royalty is paid is equal to 1.5Moz and provided that the average quarterly rand price
of gold is equal to or exceeds R180,000/kg (in 1 January 2010 terms).

In terms of the agreement, Simmers will settle the R600m purchase consideration payable at completion as follows:

•

R450m in cash; and

•

the balance in cash or shares in Simmers. This remaining R150m is subject to an offset adjustment (up to a
maximum of R150m) based on the free cash flow generated by Tau Lekoa between 1 January 2009 and 31 July
2010 and including an offset for the royalty payable from 1 January 2010 to 30 June 2010. This balancing
amount will be determined based upon a final audit of the July 2010 production figures.

17. Borrowings

AngloGold Ashanti’s borrowings are interest bearing.

18. Announcements

On 1 June 2010, AngloGold Ashanti announced that it was halting the supply of services, including water, compressed
air, electricity and sewerage, to the mines in Orkney following the failure by the liquidators of Pamodzi Gold Orkney, to
settle debts owed for services supplied to the operations over the past ten months. AngloGold Ashanti however would
continue to supply potable water and electrical power to Pamodzi’s mine residences for as long as these were
occupied.

On 17 February 2009 AngloGold Ashanti announced the terms of the sale of its Tau Lekoa Mine to Simmer & Jack
Mines Limited (Simmers). This sale was concluded effective 1 August 2010, following the transfer of the mining
rights of the Tau Lekoa Mine and the adjacent properties of Weltevreden, Jonkerskraal and Goedgenoeg to
Buffelsfontein Gold Mines Limited, a wholly-owned subsidiary of Simmers on 20 July 2010. Refer Note 16.

19. Dividend

The directors declared Interim Dividend No. 108 of 65 (Interim Dividend No. 106: 60) South African cents per
ordinary share for the six months ended 30 June 2010. In compliance with the requirements of Strate, given the
company's primary listing on the JSE Limited, the salient dates for payment of the dividend are as follows:

To holders of ordinary shares and to holders of CHESS Depositary Interests (CDIs)
Each CDI represents one-fifth of an ordinary share.

2010

Currency conversion date for UK pounds, Australian dollars and Ghanaian cedis

Thursday, 26 August

Last date to trade ordinary shares cum dividend

Friday, 27 August

Last date to register transfers of certificated securities cum dividend

Friday, 27 August

Ordinary shares trade ex dividend

Monday, 30 August

Record date

Friday, 3 September

Payment date

Friday, 10 September

On the payment date, dividends due to holders of certificated securities on the South African share register will
either be electronically transferred to shareholders' bank accounts or, in the absence of suitable mandates,
dividend cheques will be posted to such shareholders.

Dividends in respect of dematerialised shareholdings will be credited to shareholders' accounts with the relevant
CSDP or broker.

To comply with the further requirements of Strate, between Monday, 30 August 2010 and Friday, 3 September
2010, both days inclusive, no transfers between the South African, United Kingdom, Australian and Ghana share
registers will be permitted and no ordinary shares pertaining to the South African share register may be
dematerialised or rematerialised.

To holders of American Depositary Shares
Each American Depositary Share (ADS) represents one ordinary share.

2010

Ex dividend on New York Stock Exchange

Wednesday, 1 September

Record date

Friday, 3 September

Approximate date for currency conversion

Friday, 10 September

Approximate payment date of dividend

Monday, 20 September

Assuming an exchange rate of R7.2255/$, the dividend payable per ADS is equivalent to 8.9959 US cents. This
compares with the interim dividend of 7.6553 US cents per ADS paid on 8 September 2009. However the actual
rate of payment will depend on the exchange rate on the date for currency conversion.

To holders of Ghanaian Depositary Shares (GhDSs)
100 GhDSs represent one ordinary share.

2010

Last date to trade and to register GhDSs cum dividend

Friday, 27 August

GhDSs trade ex dividend

Monday, 30 August

Record date

Friday, 3 September

Approximate payment date of dividend

Monday, 13 September

Assuming an exchange rate of R1/¢0.1970, the dividend payable per share is equivalent to 0.12805 cedis. This
compares with the interim dividend of 0.10956 cedis per share paid on 31 August 2009. However, the actual rate of
payment will depend on the exchange rate on the date for currency conversion. In Ghana, the authorities have
determined that dividends payable to residents on the Ghana share register be subject to a final withholding tax at a
rate of 8%.

In addition, directors declared Dividend No. E8 of 32.5 South African cents per E ordinary share, payable to
employees participating in the Bokamoso ESOP and Izingwe Holdings (Proprietary) Limited. These dividends will
be paid on Friday, 10 September 2010.

By order of the Board

T T MBOWENI

M CUTIFANI

Chairman

Chief Executive Officer

10 August 2010

Non-GAAP disclosure

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited

Headline (loss) earnings (note 9)

(1,315)

1,241

1,631

(74)

1,631

(181)

169

215

(12)

215

Loss (gain) on unrealised non-hedge derivatives and other
commodity contracts (note 4)

2,822

(583)

(540)

2,239

1,122

380

(82)

297

Deferred tax on unrealised non-hedge derivatives and other
commodity contracts (note 8)

(398)

160

144

(237)

(36)

(53)

(31)

Fair value adjustment on option component of convertible bond

(129)

(356)

123

(485)

123

(17)

(48)

(64)

Adjusted headline earnings

(1)

980

463

1,359

1,442

2,840

129

167

190

317

Cents per share

(2)

Adjusted headline earnings

(1)

267

126

379

393

792

(1)

From time to time AngloGold Ashanti may publicly disclose certain "Non-GAAP" financial measures in the course of its financial presentations, earnings releases, earnings conference
calls and otherwise.

The group utilises certain Non-GAAP performance measures and ratios in managing its business and may provide users of this financial information with additional meaningful
comparisons between current results and results in prior operating periods. 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 measure of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be
comparable to similarly titled measures other companies use.

Headline earnings adjusted for unrealised non-hedge derivatives, other commodity contracts and fair value adjustments on convertible bonds

Quarter ended

Six months ended

Loss (gain) on non-hedge derivatives and other commodity contracts in the income statement comprise the change in fair value of all non-hedge derivatives and other commodity
contracts as follows:

SA Rand million

The unrealised fair value change on the option component of the convertible bond;

Six months ended

US Dollar million

Quarter ended

In addition, during the June 2008 quarter the hedge book was reduced and non-hedge derivative contracts to the value of $1,1bn was early settled. Following the sale of the investment
in Nufcor International Ltd. (NIL) uranium contracts of 1m pounds were cancelled. In the September 2009 quarter the hedge book was further reduced and contracts to the value of
$797m were accelerated and settled. The impact on earnings after taxation was $916m in 2008 and $758m in 2009;

The unrealised fair value change on the onerous uranium contracts; and

Open positions: The change in fair value from the previous reporting date or date of recognition (if later) through to the current reporting date; and

Adjusted headline earnings is intended to illustrate earnings after adjusting for:

Settled positions: The change in fair value from the previous reporting date or date of recognition (if later) through to the date of settlement.

The unrealised fair value change in contracts that are still open at the reporting date, as well as, the unwinding of the historic marked-to-market value of the position settled in the period;

Investment in hedge restructure transaction: During the hedge restructure in December 2004 and March 2005 quarters, $83m and $69m in cash was injected respectively into the hedge
book in these quarters to increase the value of long-dated contracts. The entire investment in long-dated derivatives (certain of which have now matured), for the purposes of the
adjustment to earnings, will only be taken into account when the realised portion of long-dated non-hedge derivatives are settled, and not when the short-term contracts were settled;

(2)

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited

Reconciliation of gross (loss) profit to adjusted gross profit:

(1)

Gross (loss) profit

(99)

2,221

3,051

2,122

4,153

(21)

301

387

280

498

Loss (gain) on unrealised non-hedge derivatives and other
commodity contracts (note 4)

2,822

(583)

(540)

2,239

1,122

380

(82)

297

Adjusted gross profit

(1)

2,723

1,638

2,511

4,360

5,275

359

218

305

578

584

Price received

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited

Gold income (note 2)

9,625

8,222

6,481

17,847

12,999

1,275

1,095

773

2,370

1,431

Adjusted for non-controlling interests

(275)

(284)

(197)

(559)

(435)

(36)

(38)

(24)

(74)

(48)

9,350

7,938

6,284

17,288

12,564

1,239

1,057

749

2,296

1,383

(Loss) gain on realised non-hedge derivatives (note 4)

(803)

(524)

1,243

(1,327)

3,109

(107)

(69)

149

(176)

338

Associate's and equity accounted joint ventures share of gold
income including realised non-hedge derivatives

609

667

796

1,276

1,548

170

171

Attributable gold income including realised non-hedge
derivatives

9,156

8,081

8,322

17,237

17,221

1,213

1,077

993

2,290

1,892

Attributable gold sold - kg / - oz (000)

34,447

32,999

34,459

67,446

67,043

1,108

1,061

1,108

2,168

2,155

Revenue price per unit - R/kg / - $/oz

265,806

244,873

241,505

255,564

256,862

1,095

1,015

897

1,056

878

Rounding of figures may result in computational discrepancies.

Calculated on the basic weighted average number of ordinary shares.

Quarter ended

SA Rand million

US Dollar million

Adjusted gross profit

Quarter ended

Six months ended

The unrealised fair value change of the warrants on shares and the embedded derivative.

(1)

Adjusted gross profit excludes unrealised non-hedge derivatives and other commodity contracts.

Quarter ended

US Dollar million / Imperial

Quarter ended

Six months ended

SA Rand million / Metric

Jun

Mar

Jun

Mar

Jun

2010

2009

2010

2009

2010

2009

2010

2009

Unaudited

Total costs

Total cash costs (note 3)

4,955

4,832

4,323

9,787

9,046

658

644

512

1,302

989

Adjusted for non-controlling interests and non-gold producing
companies

(67)

(155)

(214)

(222)

(427)

(9)

(21)

(25)

(30)

(46)

Associates' and equity accounted joint ventures share of
total cash costs

342

340

376

682

722

Total cash costs adjusted for non-controlling interests
and non-gold producing companies

5,229

5,017

4,485

10,247

9,341

694

669

532

1,363

1,022

Retrenchment costs (note 3)

Rehabilitation and other non-cash costs (note 3)

122

Amortisation of tangible assets (note 3)

1,173

1,267

1,095

2,440

2,356

156

169

130

324

258

Amortisation of intangible assets (note 3)

Adjusted for non-controlling interests and non-gold producing
companies

(43)

(51)

(30)

(95)

(75)

(6)

(7)

(4)

(13)

(8)

Associate's and equity accounted joint ventures share of
production costs

Total production costs adjusted for non-controlling
interests and non-gold producing companies

6,438

6,392

5,675

12,830

11,876

855

852

674

1,707

1,300

Gold produced - kg / - oz (000)

35,011

33,574

35,050

68,586

69,356

1,126

1,079

1,127

2,205

2,230

Total cash cost per unit - R/kg / -$/oz

149,365

149,431

127,956

149,397

134,681

617

619

472

618

458

Total production cost per unit - R/kg / -$/oz

183,891

190,374

161,909

187,065

171,229

759

789

598

774

583

EBITDA

Operating (loss) profit

(986)

1,413

3,171

427

3,562

(138)

193

406

445

Amortisation of tangible assets (note 3)

1,173

1,267

1,095

2,440

2,356

156

169

130

324

258

Amortisation of intangible assets (note 3)

Net impairments of tangible assets (note 6)

143

Loss (gain) on unrealised non-hedge derivatives and other
commodity contracts (note 4)

2,822

(583)

(540)

2,239

1,122

380

(82)

297

Share of associates' EBITDA

237

318

343

555

744

Loss (profit) on disposal and abandonment of assets (note 6)

(839)

(844)

(105)

Insurance claim recovery for infrastructure

(7)

(1)

(Profit) loss on disposal of investment (note 6)

(45)

(45)

(6)

(6)

3,290

2,511

3,228

5,801

6,943

435

334

390

769

765

Interest cover

Quarter ended

Six months ended

Quarter ended

Six months ended

SA Rand million / Metric

US Dollar million / Imperial

EBITDA (note E)

3,290

2,511

3,228

5,801

6,943

435

334

390

769

765

Finance costs (note 7)

245

142

259

386

442

Capitalised finance costs

134

245

142

325

386

576

Interest cover - times

Free cash flow

Net cash inflow from operating activities

2,963

1,326

1,874

4,289

4,301

386

179

255

566

498

Stay-in-business capital expenditure

(1,211)

(880)

(1,176)

(2,091)

(2,212)

(161)

(117)

(136)

(278)

(241)

1,752

446

698

2,198

2,089

225

119

288

257

As at

Jun

Mar

Dec

Jun

Mar

Dec

Jun

2010

2009

2010

2009

Unaudited

Net asset value - cents per share

Total equity

22,582

23,375

22,524

24,768

2,959

3,204

3,030

3,212

Number of ordinary shares in issue - million (note 10)

366

366

358

366

366

358

Net asset value - cents per share

6,174

6,386

6,153

6,916

809

875

828

897

Total equity

22,582

23,375

22,524

24,768

2,959

3,204

3,030

3,212

Intangible assets

(1,272)

(1,309)

(1,316)

(1,264)

(167)

(180)

(177)

(164)

21,310

22,066

21,208

23,504

2,792

3,024

2,853

3,048

Number of ordinary shares in issue - million (note 10)

366

366

358

366

366

358

Net tangible asset value - cents per share

5,826

6,028

5,794

6,563

763

826

779

851

Net debt

Borrowings - long-term portion

12,556

4,809

4,862

12,857

1,646

659

654

1,668

Borrowings - short-term portion

185

7,095

9,493

7,846

973

1,277

1,018

Total borrowings

12,741

11,904

14,355

20,703

1,670

1,632

1,931

2,686

Corporate office lease

(258)

(258)

(256)

(34)

(35)

(33)

Unamortised portion on the convertible bond

938

905

1,019

894

123

124

137

116

Cash restricted for use

(451)

(482)

(481)

(487)

(59)

(66)

(65)

(63)

Cash and cash equivalents

(6,607)

(5,346)

(8,176)

(17,768)

(866)

(733)

(1,100)

(2,305)

Net debt

6,363

6,722

6,458

3,086

834

922

868

401

Rounding of figures may result in computational discrepancies.

US Dollar million

SA Rand million

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 ft

3,369

Mined

- 000 tons

2,064

509

186

499

3,257

Milled / Treated

- 000 tons

1,966

484

109

497

3,055

Yield

- oz/t

0.207

0.149

0.103

0.175

0.189

Gold produced

- oz (000)

407

578

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tons

2,841

260

3,101

Yield

- oz/t

0.014

0.020

0.015

Gold produced

- oz (000)

OPEN-PIT OPERATION
Volume mined

- 000 bcy

16,325

1,453

17,777

Mined

- 000 tons

31,466

3,426

8,451

43,342

Treated

- 000 tons

6,306

890

309

7,504

Stripping ratio

- ratio

3.60

6.47

25.52

4.69

Yield

- oz/t

0.044

0.085

0.166

0.054

Gold produced

- oz (000)

279

405

HEAP LEACH OPERATION
Mined

- 000 tons

1,504

16,853

18,356

Placed

- 000 tons

362

5,612

5,974

Stripping ratio

- ratio

7.70

2.04

2.21

Yield

- oz/t

0.030

0.014

0.015

Gold placed

- oz (000)

Gold produced

- oz (000)

PRODUCTIVITY PER EMPLOYEE
Actual

- oz

5.66

11.23

58.91

23.76

9.16

TOTAL

IMPERIAL OPERATING RESULTS
QUARTER ENDED JUNE 2010

Subsidiaries' gold produced

- oz (000)

447

304

221

1,059

Joint ventures' gold produced

- oz (000)

Attributable gold produced

- oz (000)

447

371

221

1,126

Minority gold produced

- oz (000)

Subsidiaries' gold sold

- oz (000)

437

291

221

1,040

Joint ventures' gold sold

- oz (000)

Attributable gold sold

- oz (000)

437

359

221

1,108

Minority gold sold

- oz (000)

Spot price

- $/oz

1,198

Price received

- $/oz sold

1,090

1,109

1,085

1,087

1,095

Total cash costs

- $/oz produced

560

702

1,063

416

617

Total production costs

- $/oz produced

734

822

1,137

551

759

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
QUARTER ENDED JUNE 2010 $'m

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

476

412

262

1,249

(81)

1,169

Cash costs

(257)

(269)

(92)

(127)

(733)

(688)

By-products revenue

Total cash costs

(250)

(268)

(92)

(107)

(703)

(658)

Retrenchment costs

(3)

(4)

Rehabilitation and other non-cash costs

(1)

(3)

(4)

(5)

Amortisation of assets

(74)

(42)

(6)

(34)

(2)

(158)

(156)

Total production costs

(329)

(313)

(98)

(141)

(870)

(822)

Inventory change

Cost of sales

(322)

(310)

(99)

(137)

(856)

(810)

Adjusted gross profit (loss)

154

102

126

393

(34)

359

Unrealised non-hedge derivatives and other
commodity contracts

(158)

(162)

(70)

(380)

Gross (loss) profit

(4)

(61)

(34)

(21)

Corporate and other income (costs)

(2)

(1)

(3)

(52)

(54)

Exploration

(3)

(10)

(23)

(16)

(52)

Intercompany transactions

(5)

Operating special items

(8)

(7)

(1)

(2)

(12)

Operating (loss) profit

(14)

(71)

(53)

(105)

(34)

(138)

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(1)

(18)

(17)

Exchange (loss) gain

(3)

(2)

Share of equity accounted investments
(loss) profit

(6)

(Loss) profit before taxation

(14)

(75)

(70)

(127)

(17)

(144)

Taxation

(44)

(28)

(50)

(33)

(Loss) profit for the period

(8)

(120)

(1)

(55)

(177)

Equity Shareholders

(8)

(123)

(5)

(58)

(187)

Non-controlling interests

Operating (loss) profit

(14)

(71)

(53)

(105)

(34)

(138)

Operating (loss) profit

(14)

(71)

(53)

(105)

(34)

(138)

Unrealised non-hedge derivatives and other
commodity contracts

158

162

(10)

380

Intercompany transactions

(6)

Operating special items

(6)

Share of associates' EBIT

(4)

EBIT

152

(11)

100

(61)

276

Amortisation of assets

158

(2)

156

Share of associates' amortisation

EBITDA

225

139

(4)

133

(58)

435

(Loss) profit attributable to equity shareholders

(8)

(123)

(5)

(58)

(187)

Operating special items

(6)

Share of associates' operating special items

Taxation on items above

(1)

(2)

Headline (loss) earnings

(1)

(123)

(4)

(54)

(181)

Unrealised non-hedge derivatives and other
commodity contracts

158

162

(10)

380

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(56)

(53)

Fair value adjustment on option component
of convertible bond

(17)

Adjusted headline earnings (loss)

101

(6)

(71)

129

Ore reserve development capital

Stay-in-business capital

(1)

Project capital

(13)

Total capital expenditure

226

(14)

212

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).

Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 ft

3,444

Mined

- 000 tons

2,074

589

165

439

3,268

Milled / Treated

- 000 tons

1,877

561

144

505

3,087

Yield

- oz/t

0.187

0.162

0.157

0.191

0.181

Gold produced

- oz (000)

350

560

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tons

2,678

289

2,967

Yield

- oz/t

0.013

0.024

0.014

Gold produced

- oz (000)

OPEN-PIT OPERATION
Volume mined

- 000 bcy

16,243

1,809

18,052

Mined

- 000 tons

32,530

4,287

7,122

43,939

Treated

- 000 tons

5,400

844

280

6,525

Stripping ratio

- ratio

4.07

5.04

24.60

4.93

Yield

- oz/t

0.046

0.108

0.178

0.060

Gold produced

- oz (000)

250

391

HEAP LEACH OPERATION
Mined

- 000 tons

776

17,484

18,260

Placed

- 000 tons

335

5,680

6,015

Stripping ratio

- ratio

4.29

2.02

2.08

Yield

- oz/t

0.054

0.014

0.016

Gold placed

- oz (000)

Gold produced

- oz (000)

PRODUCTIVITY PER EMPLOYEE
Actual

- oz

4.67

11.43

78.77

23.15

8.61

TOTAL

IMPERIAL OPERATING RESULTS
QUARTER ENDED MARCH 2010

Subsidiaries' gold produced

- oz (000)

384

292

114

207

997

Joint ventures' gold produced

- oz (000)

Attributable gold produced

- oz (000)

384

374

114

207

1,079

Minority gold produced

- oz (000)

Subsidiaries' gold sold

- oz (000)

366

296

113

205

981

Joint ventures' gold sold

- oz (000)

Attributable gold sold

- oz (000)

366

376

113

205

1,061

Minority gold sold

- oz (000)

Spot price

- $/oz

1,110

Price received

- $/oz sold

1,011

1,027

1,001

1,008

1,015

Total cash costs

- $/oz produced

626

630

931

416

619

Total production costs

- $/oz produced

867

767

1,014

555

789

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
QUARTER ENDED MARCH 2010 $'m

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

370

401

113

231

1,115

(89)

1,026

Cash costs

(249)

(244)

(107)

(120)

(712)

(666)

By-products revenue

(1)

Total cash costs

(241)

(243)

(106)

(107)

(689)

(644)

Retrenchment costs

(6)

(1)

(7)

Rehabilitation and other non-cash costs

(1)

(10)

(12)

Amortisation of assets

(85)

(42)

(9)

(33)

(2)

(172)

(169)

Total production costs

(333)

(295)

(116)

(141)

(880)

(832)

Inventory change

(1)

Cost of sales

(319)

(297)

(116)

(128)

(854)

(807)

Adjusted gross profit (loss)

104

(3)

103

260

(42)

218

Unrealised non-hedge derivatives and other
commodity contracts

Gross profit (loss)

108

110

(3)

122

343

(42)

301

Corporate and other income (costs)

(2)

(5)

(8)

(31)

(48)

Exploration

(4)

(8)

(15)

(11)

(38)

(37)

Intercompany transactions

(4)

(1)

Operating special items

(9)

(15)

(23)

Operating profit (loss)

(11)

(32)

234

(41)

193

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(3)

Exchange gain (loss)

(1)

Share of equity accounted investments
(loss) profit

(4)

Profit (loss) before taxation

(12)

100

(4)

260

(16)

244

Taxation

(18)

(35)

(38)

(92)

(76)

Profit for the period

(12)

(4)

168

Equity Shareholders

(12)

(6)

157

Non-controlling interests

Operating profit (loss)

(11)

(32)

234

(41)

193

Operating profit (loss)

(11)

(32)

234

(41)

193

Unrealised non-hedge derivatives and other
commodity contracts

(57)

(6)

(19)

(82)

Intercompany transactions

(5)

Operating special items

Share of associates' EBIT

(1)

EBIT

(11)

(38)

163

Amortisation of assets

172

(2)

169

Share of associates' amortisation

EBITDA

129

(1)

113

(36)

334

Profit (loss) attributable to equity shareholders

(12)

(6)

157

Operating special items

Share of associates' operating special items

Taxation on items above

(1)

(2)

(3)

Headline earnings (loss)

(12)

(3)

169

Unrealised non-hedge derivatives and other
commodity contracts

(57)

(6)

(19)

(82)

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

Fair value adjustment on option component of
convertible bond

(48)

Adjusted headline earnings (loss)

(12)

(51)

Ore reserve development capital

Stay-in-business capital

(1)

Project capital

(1)

Total capital expenditure

171

(2)

169

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 ft

3,622

Mined

- 000 tons

2,092

575

269

477

3,412

Milled / Treated

- 000 tons

1,961

602

189

458

3,210

Yield

- oz/t

0.201

0.152

0.121

0.185

Gold produced

- oz (000)

393

592

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tons

2,983

704

3,687

Yield

- oz/t

0.015

0.013

0.014

Gold produced

- oz (000)

OPEN-PIT OPERATION
Volume mined

- 000 bcy

15,495

4,362

19,857

Mined

- 000 tons

31,761

10,145

6,479

48,385

Treated

- 000 tons

5,973

888

290

7,151

Stripping ratio

- ratio

5.09

8.28

22.42

6.35

Yield

- oz/t

0.046

0.080

0.190

0.056

Gold produced

- oz (000)

273

400

HEAP LEACH OPERATION
Mined

- 000 tons

719

15,253

15,971

Placed

- 000 tons

312

5,415

5,727

Stripping ratio

- ratio

1.40

1.69

1.67

Yield

- oz/t

0.130

0.014

0.021

Gold placed

- oz (000)

119

Gold produced

- oz (000)

PRODUCTIVITY PER EMPLOYEE
Actual

- oz

5.62

12.32

72.99

20.41

9.30

TOTAL

IMPERIAL OPERATING RESULTS
QUARTER ENDED JUNE 2009

Subsidiaries' gold produced

- oz (000)

437

304

196

1,032

Joint ventures' gold produced

- oz (000)

Attributable gold produced

- oz (000)

437

399

196

1,127

Minority gold produced

- oz (000)

Subsidiaries' gold sold

- oz (000)

449

269

190

1,006

Joint ventures' gold sold

- oz (000)

102

Attributable gold sold

- oz (000)

449

371

190

1,108

Minority gold sold

- oz (000)

Spot price

- $/oz

924

Price received

- $/oz sold

894

886

892

927

897

Total cash costs

- $/oz produced

436

569

512

335

472

Total production costs

- $/oz produced

582

674

613

464

598

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
QUARTER ENDED JUNE 2009 $'m

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

401

337

191

1,017

(95)

923

Cash costs

(205)

(235)

(48)

(106)

(586)

(542)

By-products revenue

Total cash costs

(191)

(233)

(48)

(93)

(557)

(512)

Retrenchment costs

(2)

(3)

(5)

Rehabilitation and other non-cash costs

(1)

(2)

(4)

Amortisation of assets

(60)

(39)

(9)

(26)

(2)

(136)

(131)

Total production costs

(254)

(276)

(58)

(121)

(702)

(652)

Inventory change

(5)

(2)

Cost of sales

(259)

(258)

(59)

(101)

(670)

(617)

Adjusted gross profit

142

347

(42)

305

Unrealised non-hedge derivatives and other
commodity contracts

(58)

Gross profit (loss)

227

123

(29)

101

429

(42)

387

Corporate and other income (costs)

(2)

(6)

(35)

(45)

Exploration

(2)

(6)

(15)

(7)

(30)

(29)

Intercompany transactions

(216)

(5)

221

Operating special items

(4)

104

(11)

Operating profit (loss)

221

(96)

176

445

(39)

406

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(2)

(39)

(43)

Exchange gain (loss)

(3)

(22)

Share of equity accounted investments
(loss) profit

(3)

(2)

(5)

Profit (loss) before taxation

222

(37)

112

432

(15)

418

Taxation

(45)

(36)

(40)

(14)

(128)

(113)

Profit (loss) for the period

177

(73)

305

Equity Shareholders

177

(75)

103

299

Non-controlling interests

(4)

Operating profit (loss)

221

(96)

176

445

(39)

406

Operating profit (loss)

221

(96)

176

445

(39)

406

Unrealised non-hedge derivatives and other
commodity contracts

(86)

(44)

(10)

(82)

Intercompany transactions

216

(221)

Operating special items

(104)

(1)

(4)

(106)

Share of associates' EBIT

(3)

(1)

(4)

EBIT

139

(51)

253

Amortisation of assets

136

(5)

131

Share of associates' amortisation

EBITDA

199

115

(49)

390

Profit (loss) attributable to equity shareholders

177

(75)

103

299

Operating special items

(104)

(1)

(4)

(106)

Taxation on items above

(1)

(3)

Headline earnings (loss)

179

(76)

(56)

100

215

Unrealised non-hedge derivatives and other
commodity contracts

(86)

(44)

(10)

(82)

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(17)

Fair value adjustment on option component
of convertible bond

Adjusted headline earnings (loss)

124

(119)

(16)

115

167

Ore reserve development capital

Stay-in-business capital

(4)

Project capital

121

Total capital expenditure

261

(4)

257

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 ft

6,813

Mined

- 000 tons

4,138

1,098

352

937

6,525

Milled / Treated

- 000 tons

3,842

1,045

253

1,002

6,143

Yield

- oz/t

0.197

0.156

0.134

0.183

0.185

Gold produced

- oz (000)

757

163

184

1,138

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tons

5,519

549

6,068

Yield

- oz/t

0.013

0.022

0.014

Gold produced

- oz (000)

OPEN-PIT OPERATION
Volume mined

- 000 bcy

32,568

3,262

35,829

Mined

- 000 tons

63,995

7,713

15,573

87,281

Treated

- 000 tons

11,706

1,734

589

14,029

Stripping ratio

- ratio

3.83

5.60

25.09

4.81

Yield

- oz/t

0.045

0.096

0.171

0.057

Gold produced

- oz (000)

528

167

101

796

HEAP LEACH OPERATION
Mined

- 000 tons

2,280

34,336

36,616

Placed

- 000 tons

697

11,292

11,989

Stripping ratio

- ratio

6.13

2.03

2.14

Yield

- oz/t

0.042

0.014

0.016

Gold placed

- oz (000)

159

188

Gold produced

- oz (000)

143

185

PRODUCTIVITY PER EMPLOYEE
Actual

- oz

5.16

11.33

68.77

23.46

8.88

TOTAL

IMPERIAL OPERATING RESULTS
SIX MONTHS ENDED JUNE 2010

Subsidiaries' gold produced

- oz (000)

832

596

201

428

2,056

Joint ventures' gold produced

- oz (000)

149

Attributable gold produced

- oz (000)

832

745

201

428

2,205

Minority gold produced

- oz (000)

Subsidiaries' gold sold

- oz (000)

803

587

204

427

2,020

Joint ventures' gold sold

- oz (000)

148

Attributable gold sold

- oz (000)

803

735

204

427

2,168

Minority gold sold

- oz (000)

Spot price

- $/oz

1,154

Price received

- $/oz sold

1,054

1,067

1,039

1,049

1,056

Total cash costs

- $/oz produced

590

666

988

416

618

Total production costs

- $/oz produced

796

795

1,067

553

774

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
SIX MONTHS ENDED JUNE 2010 $'m

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

846

813

212

493

2,364

(170)

2,195

Cash costs

(507)

(513)

(199)

(247)

(1,445)

(1,354)

By-products revenue

Total cash costs

(491)

(511)

(198)

(214)

(1,393)

(1,302)

Retrenchment costs

(9)

(1)

(11)

(10)

Rehabilitation and other non-cash costs

(3)

(13)

(16)

Amortisation of assets

(159)

(84)

(16)

(67)

(4)

(330)

(325)

Total production costs

(662)

(608)

(214)

(282)

(1,749)

(1,654)

Inventory change

(1)

Cost of sales

(641)

(607)

(215)

(265)

(1,711)

(1,617)

Adjusted gross profit (loss)

205

206

(3)

228

653

(76)

578

Unrealised non-hedge derivatives and other
commodity contracts

(101)

(156)

(51)

(297)

Gross profit

104

178

356

(76)

280

Corporate and other income (costs)

(4)

(1)

(11)

(84)

(102)

Exploration

(7)

(18)

(37)

(27)

(90)

(89)

Intercompany transactions

(9)

(1)

Operating special items

(17)

(22)

(2)

(35)

Operating profit (loss)

(7)

128

(85)

129

(74)

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(3)

Exchange (loss) gain

(2)

Share of equity accounted investments
(loss) profit

(10)

Profit (loss) before taxation

(7)

127

(74)

134

(33)

100

Taxation

(12)

(80)

(66)

(142)

(109)

Profit (loss) for the period

(75)

(6)

(60)

(9)

Equity Shareholders

(82)

(6)

(64)

(30)

Non-controlling interests

fit (l

)

(7)

128

(85)

129

(74)

Operating profit (loss)

(7)

128

(85)

129

(74)

Unrealised non-hedge derivatives and other
commodity contracts

101

156

(10)

297

Intercompany transactions

(11)

Operating special items

(6)

Share of associates' EBIT

(5)

EBIT

196

184

(22)

180

(99)

439

Amortisation of assets

159

330

(4)

325

Share of associates' amortisation

EBITDA

355

268

(6)

246

(95)

769

Profit (loss) attributable to equity shareholders

(82)

(6)

(64)

(30)

Operating special items

(6)

Share of associates' operating special items

Taxation on items above

(2)

(3)

(4)

Headline earnings (loss)

(75)

(11)

(57)

(12)

Unrealised non-hedge derivatives and other
commodity contracts

101

156

(10)

297

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(34)

(31)

Fair value adjustment on option component
of convertible bond

(64)

Adjusted headline earnings (loss)

148

(18)

101

(121)

190

Ore reserve development capital

116

166

Stay-in-business capital

114

(2)

112

Project capital

117

(14)

103

Total capital expenditure

180

117

397

(16)

381

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 ft

7,445

Mined

- 000 tons

4,270

1,117

427

929

6,743

Milled / Treated

- 000 tons

4,001

1,221

429

902

6,553

Yield

- oz/t

0.202

0.141

0.134

0.178

0.183

Gold produced

- oz (000)

809

172

161

1,199

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tons

5,768

1,517

7,284

Yield

- oz/t

0.016

0.014

0.015

Gold produced

- oz (000)

112

OPEN-PIT OPERATION
Volume mined

- 000 bcy

31,360

9,354

40,714

Mined

- 000 tons

64,219

21,734

12,424

98,377

Treated

- 000 tons

11,278

1,665

531

13,475

Stripping ratio

- ratio

4.53

8.92

22.23

5.86

Yield

- oz/t

0.047

0.081

0.195

0.057

Gold produced

- oz (000)

528

134

104

766

HEAP LEACH OPERATION
Mined

- 000 tons

1,754

29,520

31,274

Placed

- 000 tons

610

11,295

11,905

Stripping ratio

- ratio

2.09

1.57

1.59

Yield

- oz/t

0.105

0.014

0.019

Gold placed

- oz (000)

158

222

Gold produced

- oz (000)

114

153

PRODUCTIVITY PER EMPLOYEE
Actual

- oz

5.78

11.95

73.53

20.11

9.27

TOTAL

IMPERIAL OPERATING RESULTS
SIX MONTHS ENDED JUNE 2009

Subsidiaries' gold produced

- oz (000)

900

576

192

378

2,046

Joint ventures' gold produced

- oz (000)

184

Attributable gold produced

- oz (000)

900

760

192

378

2,230

Minority gold produced

- oz (000)

Subsidiaries' gold sold

- oz (000)

871

539

193

366

1,968

Joint ventures' gold sold

- oz (000)

187

Attributable gold sold

- oz (000)

871

726

193

366

2,155

Minority gold sold

- oz (000)

Spot price

- $/oz

916

Price received

- $/oz sold

878

871

872

893

878

Total cash costs

- $/oz produced

388

576

554

341

458

Total production costs

- $/oz produced

526

681

673

469

583

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
SIX MONTHS ENDED JUNE 2009 $'m

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

765

653

168

353

1,939

(171)

1,769

Cash costs

(375)

(453)

(107)

(203)

(1,119)

(1,040)

By-products revenue

Total cash costs

(349)

(451)

(106)

(181)

(1,069)

(989)

Retrenchment costs

(4)

(3)

(6)

Rehabilitation and other non-cash costs

(2)

(3)

(4)

(2)

(10)

Amortisation of assets

(119)

(75)

(19)

(52)

(3)

(269)

(259)

Total production costs

(473)

(532)

(129)

(235)

(1,354)

(1,264)

Inventory change

(1)

Cost of sales

(460)

(511)

(130)

(192)

(1,277)

(1,185)

Adjusted gross profit

305

142

162

663

(79)

584

Unrealised non-hedge derivatives and other
commodity contracts

(32)

(63)

(26)

(86)

Gross profit (loss)

340

110

(25)

136

577

(79)

498

Corporate and other income (costs)

(5)

(6)

(12)

(66)

(88)

Exploration

(6)

(12)

(25)

(10)

(53)

(51)

Intercompany transactions

(221)

(10)

(1)

231

Operating special items

(10)

104

(11)

Operating profit (loss)

325

(122)

100

160

521

(76)

445

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(3)

(1)

(3)

(53)

(59)

(58)

Exchange gain (loss)

(2)

(23)

Share of equity accounted investments
(loss) profit

(3)

(6)

Profit (loss) before taxation

326

(64)

493

(27)

465

Taxation

(69)

(59)

(35)

(6)

(10)

(179)

(152)

Profit (loss) for the period

258

(123)

313

Equity Shareholders

258

(128)

299

Non-controlling interests

(2)

fit (l

)

325

(122)

100

160

521

(76)

445

Operating profit (loss)

325

(122)

100

160

521

(76)

445

Unrealised non-hedge derivatives and other
commodity contracts

(35)

Intercompany transactions

221

(231)

Operating special items

(104)

(2)

(4)

(106)

Share of associates' EBIT

(3)

(2)

(5)

EBIT

294

130

123

(77)

496

Amortisation of assets

119

269

(10)

259

Share of associates' amortisation

EBITDA

413

206

175

(74)

765

Profit (loss) attributable to equity shareholders

258

(128)

299

Operating special items

(104)

(2)

(4)

(106)

Share of associates' operating special items

Taxation on items above

(1)

(2)

Headline earnings (loss)

260

(129)

(58)

215

Unrealised non-hedge derivatives and
other commodity contracts

(35)

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(19)

Fair value adjustment on option component
of convertible bond

Adjusted headline earnings (loss)

239

(97)

(13)

103

317

Ore reserve development capital

107

154

Stay-in-business capital

(3)

Project capital

145

258

Total capital expenditure

156

161

502

(3)

499

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 m

313

Mined

- 000 tonnes

1,872

461

169

452

2,955

Milled / Treated

- 000 tonnes

1,783

439

451

2,772

Yield

- g/t

7.10

5.12

3.53

6.01

6.49

Gold produced

- kg

12,665

2,249

349

2,710

17,973

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tonnes

2,577

236

2,813

Yield

- g/t

0.49

0.67

0.50

Gold produced

- kg

1,253

158

1,411

OPEN-PIT OPERATION
Volume mined

- 000 bcm

12,481

1,111

13,591

Mined

- 000 tonnes

28,545

3,108

7,666

39,320

Treated

- 000 tonnes

5,721

807

280

6,808

Stripping ratio

- ratio

3.60

6.47

25.52

4.69

Yield

- g/t

1.52

2.90

5.68

1.85

Gold produced

- kg

8,668

2,343

1,593

12,604

HEAP LEACH OPERATION
Mined

- 000 tonnes

1,364

15,288

16,653

Placed

- 000 tonnes

328

5,091

5,419

Stripping ratio

- ratio

7.70

2.04

2.21

Yield

- g/t

1.04

0.48

0.51

Gold placed

- kg

340

2,427

2,767

Gold produced

- kg

450

2,573

3,023

PRODUCTIVITY PER EMPLOYEE
Actual

- g

176

349

1,832

739

285

TOTAL

METRIC OPERATING RESULTS
QUARTER ENDED JUNE 2010

Subsidiaries' gold produced

- kg

13,919

9,430

2,692

6,876

32,916

Joint ventures' gold produced

- kg

2,095

Attributable gold produced

- kg

13,919

11,525

2,692

6,876

35,011

Minority gold produced

- kg

371

687

1,058

Subsidiaries' gold sold

- kg

13,581

9,047

2,837

6,877

32,341

Joint ventures' gold sold

- kg

2,106

Attributable gold sold

- kg

13,581

11,153

2,837

6,877

34,447

Minority gold sold

- kg

371

682

1,053

Spot price

- R/kg

290,579

Price received

- R/kg sold

264,841

269,178

261,744

263,918

265,806

Total cash costs

- R/kg produced

135,419

170,075

257,247

100,619

149,365

Total production costs

- R/kg produced

177,715

199,265

275,057

133,519

183,891

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
QUARTER ENDED JUNE 2010 ZAR'm

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

3,597

3,109

742

1,983

9,432

(609)

8,822

Cash costs

(1,937)

(2,024)

(694)

(958)

(5,521)

343

(5,178)

By-products revenue

149

224

(1)

223

Total cash costs

(1,885)

(2,016)

(692)

(808)

105

(5,297)

342

(4,955)

Retrenchment costs

(23)

(3)

(27)

(26)

Rehabilitation and other non-cash costs

(11)

(22)

(33)

(3)

(36)

Amortisation of assets

(554)

(320)

(48)

(253)

(17)

(1,193)

(1,176)

Total production costs

(2,474)

(2,358)

(740)

(1,065)

(6,549)

356

(6,193)

Inventory change

(1)

Cost of sales

(2,428)

(2,342)

(741)

(1,033)

(6,456)

357

(6,099)

Adjusted gross profit

1,168

768

950

2,975

(253)

2,723

Unrealised non-hedge derivatives and other
commodity contracts

(1,182)

(1,201)

(514)

(2,822)

Gross (loss) profit

(14)

(433)

436

154

(253)

(99)

Corporate and other income (costs)

(14)

(6)

(24)

(395)

(407)

(1)

(408)

Exploration

(1)

(22)

(78)

(171)

(119)

(391)

Intercompany transactions

(37)

(2)

(3)

Operating special items

(61)

(51)

(8)

(16)

(89)

Operating (loss) profit

(90)

(512)

231

(399)

(733)

(253)

(986)

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(4)

(133)

(127)

(124)

Exchange (loss) gain

(27)

(17)

(14)

(1)

Share of equity accounted investments
(loss) profit

(47)

136

(Loss) profit before taxation

(87)

(542)

219

(522)

(894)

(128)

(1,022)

Taxation

(334)

(218)

109

(393)

128

(264)

(Loss) profit for the period

(49)

(876)

(413)

(1,286)

Equity Shareholders

(49)

(899)

(27)

(435)

(1,360)

Non-controlling interests

)

fit

(90)

(512)

231

(399)

(733)

(253)

(986)

Operating (loss) profit

(90)

(512)

231

(399)

(733)

(253)

(986)

Unrealised non-hedge derivatives and other
commodity contracts

1,182

1,201

(75)

514

2,822

Intercompany transactions

(42)

Operating special items

(46)

Share of associates' EBIT

(33)

253

221

EBIT

1,154

729

(83)

755

(458)

2,097

Amortisation of assets

554

320

253

1,193

(16)

1,176

Share of associates' amortisation

EBITDA

1,708

1,050

(35)

1,008

(441)

3,290

(Loss) profit attributable to equity shareholders

(49)

(899)

(27)

(435)

(1,360)

Operating special items

(46)

Share of associates' operating special items

Taxation on items above

(7)

(6)

(1)

(11)

Headline earnings (loss)

(901)

(22)

(405)

(1,315)

Unrealised non-hedge derivatives and
other commodity contracts

1,182

1,201

(75)

514

2,822

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(420)

(398)

Fair value adjustment on option component
of convertible bond

(129)

Adjusted headline earnings (loss)

767

299

(46)

492

(533)

980

Ore reserve development capital

467

667

Stay-in-business capital

212

146

160

551

(8)

544

Project capital

153

246

484

(95)

389

Total capital expenditure

746

377

491

1,703

(102)

1,600

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 m

320

Mined

- 000 tonnes

1,882

535

150

398

2,965

Milled / Treated

- 000 tonnes

1,703

509

131

458

2,801

Yield

- g/t

6.40

5.54

5.38

6.54

6.22

Gold produced

- kg

10,891

2,821

704

2,998

17,414

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tonnes

2,430

262

2,692

Yield

- g/t

0.44

0.83

0.47

Gold produced

- kg

1,058

218

1,276

OPEN-PIT OPERATION
Volume mined

- 000 bcm

12,418

1,383

13,801

Mined

- 000 tonnes

29,511

3,889

6,461

39,861

Treated

- 000 tonnes

4,899

766

254

5,919

Stripping ratio

- ratio

4.07

5.04

24.60

4.93

Yield

- g/t

1.59

3.72

6.09

2.05

Gold produced

- kg

7,764

2,848

1,549

12,161

HEAP LEACH OPERATION
Mined

- 000 tonnes

704

15,861

16,565

Placed

- 000 tonnes

304

5,153

5,457

Stripping ratio

- ratio

4.29

2.02

2.08

Yield

- g/t

1.86

0.49

0.56

Gold placed

- kg

565

2,503

3,068

Gold produced

- kg

840

1,883

2,723

PRODUCTIVITY PER EMPLOYEE
Actual

- g

145

355

2,450

720

268

TOTAL

METRIC OPERATING RESULTS
QUARTER ENDED MARCH 2010

Subsidiaries' gold produced

- kg

11,949

9,095

3,552

6,431

31,026

Joint ventures' gold produced

- kg

2,548

Attributable gold produced

- kg

11,949

11,643

3,552

6,431

33,574

Minority gold produced

- kg

400

745

1,145

Subsidiaries' gold sold

- kg

11,383

9,225

3,515

6,391

30,515

Joint ventures' gold sold

- kg

2,484

Attributable gold sold

- kg

11,383

11,709

3,515

6,391

32,999

Minority gold sold

- kg

395

745

1,141

Spot price

- R/kg

267,578

Price received

- R/kg sold

244,200

247,821

240,990

242,808

244,873

Total cash costs

- R/kg produced

151,186

151,942

224,450

100,373

149,431

Total production costs

- R/kg produced

209,205

185,017

244,516

134,018

190,374

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
QUARTER ENDED MARCH 2010 ZAR'm

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

2,780

3,008

847

1,730

8,364

(667)

7,698

Cash costs

(1,871)

(1,832)

(799)

(899)

(5,340)

341

(4,999)

By-products revenue

(4)

168

(1)

166

Total cash costs

(1,806)

(1,824)

(797)

(801)

(5,172)

340

(4,832)

Retrenchment costs

(46)

(6)

(52)

Rehabilitation and other non-cash costs

(10)

(77)

(87)

(86)

Amortisation of assets

(638)

(313)

(71)

(249)

(15)

(1,287)

(1,271)

Total production costs

(2,500)

(2,215)

(869)

(1,057)

(6,599)

357

(6,242)

Inventory change

107

(12)

(3)

189

(8)

182

Cost of sales

(2,393)

(2,226)

(872)

(959)

(6,409)

349

(6,060)

Adjusted gross profit (loss)

387

781

(25)

771

1,955

(317)

1,638

Unrealised non-hedge derivatives and other
commodity contracts

410

138

583

Gross profit (loss)

797

815

(24)

909

2,538

(317)

2,221

Corporate and other income (costs)

(18)

(41)

(61)

(237)

(357)

Exploration

(2)

(31)

(58)

(110)

(86)

(287)

(277)

Intercompany transactions

(32)

(5)

(2)

Operating special items

(64)

(115)

(174)

Operating profit (loss)

713

596

(87)

740

(242)

1,720

(307)

1,413

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(2)

(21)

(1)

201

181

182

Exchange gain

(6)

Share of equity accounted investments
(loss) profit

(26)

190

163

Profit (loss) before taxation

711

584

(87)

746

(35)

1,918

(123)

1,796

Taxation

(133)

(265)

(4)

(281)

(680)

123

(558)

Profit (loss) for the period

578

319

(91)

465

(34)

1,238

Equity Shareholders

578

295

(91)

410

(43)

1,150

Non-controlling interests

fit (l

)

713

596

(87)

740

(242)

1 720

(307)

1 413

Operating profit (loss)

713

596

(87)

740

(242)

1,720

(307)

1,413

Unrealised non-hedge derivatives and other
commodity contracts

(410)

(34)

(1)

(138)

(583)

Intercompany transactions

(38)

Operating special items

(4)

(1)

Share of associates' EBIT

(5)

307

302

EBIT

334

659

(83)

600

(287)

1,224

Amortisation of assets

638

313

249

1,287

(16)

1,271

Share of associates' amortisation

EBITDA

971

973

(11)

849

(271)

2,511

Profit (loss) attributable to equity shareholders

578

295

(91)

410

(43)

1,150

Operating special items

(4)

(1)

Share of associates' operating special items

Taxation on items above

(5)

(16)

(21)

Headline earnings (loss)

604

344

(90)

407

(24)

1,241

Unrealised non-hedge derivatives and
other commodity contracts

(410)

(34)

(1)

(138)

(583)

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

160

Fair value adjustment on option component
of convertible bond

(356)

Adjusted headline earnings (loss)

354

310

(91)

269

(380)

463

Ore reserve development capital

407

579

Stay-in-business capital

119

306

(5)

301

Project capital

205

398

(11)

387

Total capital expenditure

610

204

393

1,283

(16)

1,267

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION
Area mined

- 000 m

336

Mined

- 000 tonnes

1,898

521

244

433

3,096

Milled / Treated

- 000 tonnes

1,779

546

172

416

2,912

Yield

- g/t

6.88

5.20

4.14

6.34

6.33

Gold produced

- kg

12,235

2,841

711

2,637

18,424

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tonnes

2,706

639

3,345

Yield

- g/t

0.51

0.45

0.49

Gold produced

- kg

1,366

287

1,653

OPEN-PIT OPERATION
Volume mined

- 000 bcm

11,846

3,335

15,181

Mined

- 000 tonnes

28,813

9,203

5,878

43,894

Treated

- 000 tonnes

5,419

805

263

6,487

Stripping ratio

- ratio

5.09

8.28

22.42

6.35

Yield

- g/t

1.57

2.75

6.53

1.92

Gold produced

- kg

8,497

2,217

1,715

12,430

HEAP LEACH OPERATION
Mined

- 000 tonnes

652

13,837

14,489

Placed

- 000 tonnes

283

4,912

5,195

Stripping ratio

- ratio

1.40

1.69

1.67

Yield

- g/t

4.45

0.50

0.71

Gold placed

- kg

1,258

2,435

3,692

Gold produced

- kg

790

1,753

2,543

PRODUCTIVITY PER EMPLOYEE
Actual

- g

175

383

2,270

635

289

TOTAL

METRIC OPERATING RESULTS
QUARTER ENDED JUNE 2009

Subsidiaries' gold produced

- kg

13,601

9,455

2,928

6,105

32,090

Joint ventures' gold produced

- kg

2,960

Attributable gold produced

- kg

13,601

12,415

2,928

6,105

35,050

Minority gold produced

- kg

439

749

1,188

Subsidiaries' gold sold

- kg

13,956

8,376

3,054

5,897

31,283

Joint ventures' gold sold

- kg

3,176

Attributable gold sold

- kg

13,956

11,552

3,054

5,897

34,459

Minority gold sold

- kg

274

684

958

Spot price

- R/kg

249,214

Price received

- R/kg sold

240,921

239,552

240,452

247,670

241,505

Total cash costs

- R/kg produced

118,315

154,345

138,549

90,488

127,956

Total production costs

- R/kg produced

157,604

182,802

165,872

125,214

161,909

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
QUARTER ENDED JUNE 2009 ZAR'm

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

investments

Total group

Gold income received

(1)

3,362

2,835

734

1,588

8,519

(796)

7,723

Cash costs

(1,730)

(1,981)

(407)

(889)

(4,944)

376

(4,567)

By-products revenue

121

104

245

244

Total cash costs

(1,609)

(1,970)

(406)

(785)

(4,699)

376

(4,323)

Retrenchment costs

(21)

(42)

(40)

Rehabilitation and other non-cash costs

(8)

(13)

(33)

(32)

Amortisation of assets

(505)

(327)

(80)

(216)

(16)

(1,145)

(1,099)

Total production costs

(2,144)

(2,330)

(486)

(1,014)

(5,919)

424

(5,495)

Inventory change

(45)

152

(14)

171

264

282

Cost of sales

(2,188)

(2,178)

(500)

(843)

(5,655)

442

(5,212)

Adjusted gross profit

1,174

657

234

745

2,864

(353)

2,511

Unrealised non-hedge derivatives and other
commodity contracts

677

278

(467)

540

Gross profit (loss)

1,851

934

(233)

797

3,404

(353)

3,051

Corporate and other income (costs)

(20)

(14)

(1)

(49)

(291)

(376)

Exploration

(15)

(53)

(124)

(62)

(255)

(243)

Intercompany transactions

(1,923)

(43)

(4)

1,969

Operating special items

(29)

836

(87)

729

739

Operating profit (loss)

1,801

(1,016)

506

628

1,584

3,502

(331)

3,171

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(14)

(4)

(14)

(324)

(353)

Exchange gain (loss)

506

(26)

(203)

277

285

Share of equity accounted investments
(loss) profit

(23)

(14)

(37)

197

160

Profit (loss) before taxation

1,803

(524)

502

565

1,043

3,389

(125)

3,263

Taxation

(359)

(300)

(326)

(114)

(1,041)

125

(915)

Profit (loss) for the period

1,445

(824)

175

623

929

2,348

Equity Shareholders

1,445

(840)

175

560

964

2,304

Non-controlling interests

(35)

fit (l

)

1 801

(1 016)

506

628

1 584

3 502

(331)

3 171

Operating profit (loss)

1,801

(1,016)

506

628

1,584

3,502

(331)

3,171

Unrealised non-hedge derivatives and
other commodity contracts

(677)

(278)

467

(53)

(540)

Intercompany transactions

1,923

(1,969)

Operating special items

(1)

(836)

(6)

(28)

(846)

Share of associates' EBIT

(23)

(11)

(34)

331

297

EBIT

1,150

627

180

551

(425)

2,082

Amortisation of assets

505

327

216

1,145

(46)

1,099

Share of associates' amortisation

EBITDA

1,655

955

260

767

(409)

3,228

Profit (loss) attributable to equity shareholders

1,445

(840)

175

560

964

2,304

Operating special items

(1)

(836)

(6)

(28)

(846)

Share of associates' operating special items

Taxation on items above

(8)

200

(22)

169

Headline earnings (loss)

1,462

(842)

(461)

533

939

1,631

Unrealised non-hedge derivatives and
other commodity contracts

(677)

(278)

467

(53)

(540)

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

238

(140)

144

Fair value adjustment on option component
of convertible bond

123

Adjusted headline earnings (loss)

1,023

(1,119)

(134)

526

1,062

1,359

Ore reserve development capital

509

714

Stay-in-business capital

119

194

130

499

(37)

462

Project capital

135

127

444

309

1,015

(1)

1,013

Total capital expenditure

763

374

538

536

2,228

(38)

2,189

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION

Area mined

- 000 m

633

Mined

- 000 tonnes

3,754

996

319

850

5,919

Milled / Treated

- 000 tonnes

3,486

948

230

909

5,572

Yield

- g/t

6.76

5.35

4.59

6.28

6.35

Gold produced

- kg

23,556

5,070

1,053

5,708

35,387

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tonnes

5,007

498

5,505

Yield

- g/t

0.46

0.76

0.49

Gold produced

- kg

2,311

376

2,687

OPEN-PIT OPERATION
Volume mined

- 000 bcm

24,899

2,494

27,392

Mined

- 000 tonnes

58,056

6,997

14,128

79,180

Treated

- 000 tonnes

10,619

1,573

535

12,727

Stripping ratio

- ratio

3.83

5.60

25.09

4.81

Yield

- g/t

1.55

3.30

5.88

1.95

Gold produced

- kg

16,433

5,191

3,142

24,765

HEAP LEACH OPERATION
Mined

- 000 tonnes

2,068

31,149

33,218

Placed

- 000 tonnes

632

10,244

10,876

Stripping ratio

- ratio

6.13

2.03

2.14

Yield

- g/t

1.43

0.48

0.54

Gold placed

- kg

904

4,930

5,835

Gold produced

- kg

1,290

4,457

5,747

PRODUCTIVITY PER EMPLOYEE
Actual

- g

160

352

2,139

730

276

TOTAL

25 867

18 525

6 244

13 306

63 943

METRIC OPERATING RESULTS
SIX MONTHS ENDED JUNE 2010

Subsidiaries' gold produced

- kg

25,867

13,306

63,943

Joint ventures' gold produced

- kg

4,643

Attributable gold produced

- kg

25,867

23,168

6,244

13,306

68,586

Minority gold produced

- kg

771

1,432

2,202

Subsidiaries' gold sold

- kg

24,964

18,273

6,351

13,268

62,856

Joint ventures' gold sold

- kg

4,590

Attributable gold sold

- kg

24,964

22,863

6,351

13,268

67,446

Minority gold sold

- kg

766

1,427

2,193

Spot price

- R/kg

278,985

Price received

- R/kg sold

255,429

258,240

250,259

253,749

255,564

Total cash costs

- R/kg produced

142,702

160,963

238,588

100,500

149,397

Total production costs

- R/kg produced

192,261

192,105

257,682

133,761

187,065

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
SIX MONTHS ENDED JUNE 2010 ZAR'm

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

Total group

Gold income received

(1)

6,377

6,117

1,589

3,713

17,796

(1,276)

16,520

Cash costs

(3,809)

(3,856)

(1,493)

(1,857)

153

(10,861)

684

(10,177)

By-products revenue

117

247

392

(3)

390

Total cash costs

(3,691)

(3,840)

(1,490)

(1,610)

162

(10,469)

682

(9,787)

Retrenchment costs

(69)

(1)

(9)

(79)

(78)

Rehabilitation and other non-cash costs

(21)

(99)

(120)

(2)

(122)

Amortisation of assets

(1,192)

(634)

(119)

(503)

(32)

(2,480)

(2,448)

Total production costs

(4,973)

(4,573)

(1,609)

(2,121)

129

(13,148)

713

(12,435)

Inventory change

152

(4)

129

282

(7)

275

Cost of sales

(4,822)

(4,568)

(1,613)

(1,992)

129

(12,866)

706

(12,159)

Adjusted gross profit (loss)

1,555

1,549

(24)

1,721

129

4,930

(570)

4,360

Unrealised non-hedge derivatives and other
commodity contracts

(772)

(1,167)

(376)

(2,239)

Gross profit

783

382

1,345

129

2,692

(570)

2,122

Corporate and other income (costs)

(32)

(10)

(6)

(85)

(632)

(764)

(1)

(765)

Exploration

(3)

(53)

(136)

(281)

(204)

(678)

(668)

Intercompany transactions

(68)

(7)

(5)

Operating special items

(125)

(165)

(3)

(15)

(263)

(262)

Operating profit (loss)

623

(50)

971

(641)

987

(561)

427

Net finance (costs) income, unwinding of
obligations and fair value adjustments

(25)

Exchange (loss) gain

(18)

(15)

(20)

Share of equity accounted investments
(loss) profit

(73)

326

253

Profit (loss) before taxation

623

(49)

965

(557)

1,025

(251)

774

Taxation

(95)

(599)

(499)

110

(1,073)

251

(822)

Profit (loss) for the period

529

(556)

(41)

467

(447)

(48)

Equity Shareholders

529

(604)

(41)

383

(478)

(210)

Non-controlling interests

162

Operating profit (loss)

623

(50)

971

(641)

987

(561)

427

Unrealised non-hedge derivatives and
other commodity contracts

772

1,167

(76)

376

2,239

Intercompany transactions

(80)

Operating special items

(46)

133

Share of associates' EBIT

(38)

561

523

EBIT

1,488

1,389

(166)

1,355

(745)

3,321

Amortisation of assets

1,192

634

119

503

2,480

(32)

2,448

Share of associates' amortisation

EBITDA

2,680

2,022

(46)

1,858

(712)

5,801

Profit (loss) attributable to equity shareholders

529

(604)

(41)

383

(478)

(210)

Operating special items

(46)

133

Share of associates' operating special items

Taxation on items above

(12)

(22)

(32)

Headline earnings (loss)

609

(558)

(84)

386

(428)

(74)

Unrealised non-hedge derivatives and
other commodity contracts

772

1,167

(76)

376

2,239

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(260)

(237)

Fair value adjustment on option component
of convertible bond

(485)

Adjusted headline earnings (loss)

1,122

609

(137)

761

(913)

1,442

Ore reserve development capital

874

130

176

1,246

Stay-in-business capital

331

213

257

858

(12)

845

Project capital

151

238

451

882

(106)

776

Total capital expenditure

1,356

581

146

884

2,986

(118)

2,867

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

South Africa

Continental

Africa

Australasia

Americas

Total group

UNDERGROUND OPERATION

Area mined

- 000 m

692

Mined

- 000 tonnes

3,874

1,014

387

842

6,117

Milled / Treated

- 000 tonnes

3,630

1,108

389

818

5,945

Yield

- g/t

6.93

4.82

4.60

6.11

6.27

Gold produced

- kg

25,156

5,343

1,788

4,994

37,281

SURFACE AND DUMP RECLAMATION
Milled / Treated

- 000 tonnes

5,232

1,376

6,608

Yield

- g/t

0.54

0.47

0.53

Gold produced

- kg

2,830

648

3,477

OPEN-PIT OPERATION
Volume mined

- 000 bcm

23,975

7,151

31,127

Mined

- 000 tonnes

58,259

19,716

11,271

89,246

Treated

- 000 tonnes

10,231

1,511

482

12,224

Stripping ratio

- ratio

4.53

8.92

22.23

5.86

Yield

- g/t

1.61

2.77

6.68

1.95

Gold produced

- kg

16,433

4,181

3,223

23,836

HEAP LEACH OPERATION
Mined

- 000 tonnes

1,591

26,780

28,371

Placed

- 000 tonnes

554

10,246

10,800

Stripping ratio

- ratio

2.09

1.57

1.59

Yield

- g/t

3.61

0.48

0.64

Gold placed

- kg

1,997

4,915

6,912

Gold produced

- kg

1,211

3,551

4,762

PRODUCTIVITY PER EMPLOYEE
Actual

- g

180

372

2,287

626

288

TOTAL

27 986

17 910

5 969

11 768

63 633

METRIC OPERATING RESULTS
SIX MONTHS ENDED JUNE 2009

Subsidiaries' gold produced

- kg

27,986

11,768

63,633

Joint ventures' gold produced

- kg

5,723

Attributable gold produced

- kg

27,986

23,633

5,969

11,768

69,356

Minority gold produced

- kg

880

1,197

2,077

Subsidiaries' gold sold

- kg

27,098

16,755

6,000

11,371

61,224

Joint ventures' gold sold

- kg

5,819

Attributable gold sold

- kg

27,098

22,574

6,000

11,371

67,043

Minority gold sold

- kg

688

1,195

1,883

Spot price

- R/kg

270,035

Price received

- R/kg sold

257,249

255,561

255,395

259,781

256,862

Total cash costs

- R/kg produced

113,572

169,317

164,354

100,249

134,681

Total production costs

- R/kg produced

154,125

200,052

200,048

137,697

171,229

Rounding of figures may result in computational discrepancies.

FINANCIAL RESULTS
SIX MONTHS ENDED JUNE 2009 ZAR'm

South Africa

Continental

Africa

Australasia

Americas

Corporate

and other

Sub-total

Less equity

accounted

Total group

Gold income received

(1)

6,971

5,958

1,532

3,195

17,656

(1,548)

16,108

Cash costs

(3,409)

(4,140)

(983)

(1,852)

161

(10,223)

724

(9,499)

By-products revenue

230

194

455

(2)

452

Total cash costs

(3,178)

(4,124)

(981)

(1,657)

173

(9,768)

722

(9,046)

Retrenchment costs

(34)

(22)

(56)

(55)

Rehabilitation and other non-cash costs

(15)

(31)

(36)

(13)

(95)

(91)

Amortisation of assets

(1,086)

(688)

(177)

(476)

(31)

(2,458)

(2,366)

Total production costs

(4,313)

(4,865)

(1,194)

(2,146)

141

(12,378)

820

(11,558)

Inventory change

137

183

(8)

403

715

725

Cost of sales

(4,176)

(4,682)

(1,202)

(1,744)

141

(11,663)

830

(10,833)

Adjusted gross profit

2,795

1,275

330

1,451

142

5,993

(718)

5,275

Unrealised non-hedge derivatives and other
commodity contracts

175

(470)

(522)

(305)

(1,122)

Gross profit (loss)

2,970

805

(192)

1,147

141

4,871

(718)

4,153

Corporate and other income (costs)

(44)

(53)

(1)

(105)

(603)

(805)

Exploration

(57)

(108)

(222)

(91)

(478)

(465)

Intercompany transactions

(1,972)

(87)

(8)

2,067

Operating special items

(96)

836

(87)

669

679

Operating profit (loss)

2,830

(1,274)

448

825

1,427

4,256

(694)

3,562

Net finance income (costs), unwinding of
obligations and fair value adjustments

(29)

(5)

(30)

(455)

(509)

(507)

Exchange gain (loss)

511

(14)

(207)

290

301

Share of equity accounted investments
(loss) profit

(23)

(25)

(48)

431

383

Profit (loss) before taxation

2,840

(792)

443

759

740

3,990

(251)

3,739

Taxation

(596)

(521)

(280)

(70)

(83)

(1,550)

251

(1,299)

Profit (loss) for the period

2,243

(1,313)

163

689

657

2,440

Equity Shareholders

2,243

(1,362)

163

595

666

2,305

Non-controlling interests

(8)

135

Operating profit (loss)

2,830

(1,274)

448

825

1,427

4,256

(694)

3,562

Unrealised non-hedge derivatives and
other commodity contracts

(175)

470

522

305

1,122

Intercompany transactions

1,972

(2,067)

Operating special items

(3)

(836)

(14)

(28)

(851)

Share of associates' EBIT

(23)

(19)

(42)

694

652

EBIT

2,685

1,165

221

1,101

(687)

4,485

Amortisation of assets

1,086

688

177

476

2,458

(92)

2,366

Share of associates' amortisation

EBITDA

3,770

1,853

398

1,577

(656)

6,943

Profit (loss) attributable to equity shareholders

2,243

(1,362)

163

595

666

2,305

Operating special items

(3)

(836)

(14)

(28)

(851)

Share of associates' operating special items

Taxation on items above

(7)

200

(20)

172

Headline earnings (loss)

2,267

(1,365)

(473)

561

642

1,631

Unrealised non-hedge derivatives and
other commodity contracts

(175)

470

522

305

1,122

Deferred tax on unrealised non-hedge
derivatives and other commodity contracts

(157)

(36)

Fair value adjustment on option component
of convertible bond

123

Adjusted headline earnings (loss)

2,162

(895)

(108)

915

766

2,840

Ore reserve development capital

980

178

160

1,415

Stay-in-business capital

192

325

240

827

(29)

798

Project capital

260

271

1,335

500

2,367

(3)

2,364

Total capital expenditure

1,432

774

1,478

900

4,608

(32)

4,576

(1) Gold income received is gold income per income statement and (loss) gain on realised non-hedge derivatives (note 4).
Rounding of figures may result in computational discrepancies.

Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti’s strategy to reduce its gold hedging position including the extent and effects of the
reduction, 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 resumption of production at AngloGold Ashanti’s mines in Ghana, 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 2009, which was distributed to shareholders on 30 March 2010. The company’s annual report on Form 20-F, was filed with the Securities and Exchange Commission in the
United States on 19 April 2010 and as amended on 18 May 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. AngloGold Ashanti posts information that is important to investors on the main page of its website at
www.anglogoldashanti.com and under the “Investors” tab on the main page. This information is updated regularly. Investors should visit this website to obtain important information about AngloGold
Ashanti.

Administrative information

NGLO

OLD

SHANTI

IMITED

Registration No. 1944/017354/06
Incorporated in the Republic of South Africa

Share codes:

ISIN: ZAE000043485
JSE:

ANG

LSE:

AGD

NYSE:

ASX:

AGG

GhSE (Shares):

AGA

GhSE (GhDS):

AAD

Euronext Paris:

Euronext Brussels:

ANG

JSE Sponsor:

UBS

Auditors:

Ernst & Young Inc

Offices

Registered and Corporate
76 Jeppe Street
Newtown 2001
(PO Box 62117, Marshalltown 2107)
South Africa
Telephone: +27 11 637 6000
Fax: +27 11 637 6624

Australia
Level 13, St Martins Tower
44 St George's Terrace
Perth, WA 6000
(PO Box Z5046, Perth WA 6831)
Australia
Telephone: +61 8 9425 4602
Fax: +61 8 9425 4662

Ghana
Gold House
Patrice Lumumba Road
(PO Box 2665)
Accra
Ghana
Telephone: +233 303 772190
Fax: +233 303 778155

United Kingdom Secretaries
St James's Corporate Services Limited
6 St James's Place
London SW1A 1NP
England
Telephone: +44 20 7499 3916
Fax: +44 20 7491 1989
E-mail: jane.kirton@corpserv.co.uk

Directors

Executive
M Cutifani ~ (Chief Executive Officer)
S Venkatakrishnan * (Chief Financial
Officer)

Non-Executive
T T Mboweni (Chairman)
Dr T J Motlatsi (Deputy Chairman)
F B Arisman

W A Nairn
Prof L W Nkuhlu
F Ohene-Kena

S M Pityana

* British

American

~ Australian

South African

+ Ghanaian

Officers
Company Secretary:

Ms L Eatwell

Investor Relations Contacts

South Africa
Sicelo Ntuli
Telephone: +27 11 637 6339
Fax: +27 11 637 6400
E-mail: sntuli@AngloGoldAshanti.com

United States
Stewart Bailey
Telephone: +1-212-836-4303
Mobile: +1-646-717-3978
E-mail: sbailey@AngloGoldAshanti.com

General E-mail enquiries
investors@AngloGoldAshanti.com

AngloGold Ashanti website
http://www.AngloGoldAshanti.com

Company secretarial E-mail
Companysecretary@AngoGoldAshanti.com

AngloGold Ashanti posts information that is
important to investors on the main page of
its website at www.anglogoldashanti.com
and under the “Investors” tab on the main
page. This information is updated regularly.
Investors should visit this website to obtain
important information about AngloGold
Ashanti.

PUBLISHED BY ANGLOGOLD ASHANTI

PRINTED BY INCE (PTY) LIMITED

Share Registrars

South Africa
Computershare Investor Services (Pty)
Limited
Ground Floor, 70 Marshall Street
Johannesburg 2001
(PO Box 61051, Marshalltown 2107)
South Africa
Telephone: 0861 100 950 (in SA)
Fax: +27 11 688 5218
web.queries@computershare.co.za

United Kingdom
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol BS99 7NH
England
Telephone: +44 870 702 0000
Fax: +44 870 703 6119

Australia
Computershare Investor Services Pty
Limited
Level 2, 45 St George's Terrace
Perth, WA 6000
(GPO Box D182 Perth, WA 6840)
Australia
Telephone: +61 8 9323 2000
Telephone: 1300 55 2949 (in Australia)
Fax: +61 8 9323 2033

Ghana
NTHC Limited
Martco House
Off Kwame Nkrumah Avenue
PO Box K1A 9563 Airport
Accra
Ghana
Telephone: +233 303 229664
Fax: +233 303 229975

ADR Depositary
The Bank of New York Mellon ("BoNY")
BNY Shareowner Services
PO Box 358016
Pittsburgh, PA 15252-8016
United States of America
Telephone: +1 800 522 6645 (Toll free
in USA) or +1 201 680 6578 (outside
USA)
E-mail: shrrelations@mellon.com
Website:
www.bnymellon.com.com\shareowner

Global BuyDIRECT

BoNY maintains a direct share purchase
and dividend reinvestment plan for
A

NGLO

OLD

SHANTI

Telephone: +1-888-BNY-ADRS

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

AngloGold Ashanti Limited

Date: August 12, 2010

By:

/s/ L Eatwell

Name: L EATWELL
Title: Company Secretary