(Incorporated in the Republic of South Africa)
CORPORATE AFFAIRS DEPARTMENT
(Registration Number: 1944/017354/06)
16
th
Floor, 11 Diagonal Street, Johannesburg 2001, South Africa
ISIN Number:ZAE000043485
Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400
JSE Share Code: ANG
/CAD/AGO
NYSE Ticker: AU
Date 19 February 2004
For immediate release
ANGLOGOLD LIMITED ANNOUNCES THE LAUNCH OF AN OFFERING OF US$900,000,000 CONVERTIBLE BONDS DUE 2009 (SUBJECT TO INCREASE BY UP TO US$100,000,000 PURSUANT TO AN OPTION) BY ITS SUBSIDIARY, ANGLOGOLD HOLDINGS PLC, GUARANTEED BY ANGLOGOLD LIMITED.
AngloGold Limited ("AngloGold") today announced the launch of an offering of US$900,000,000 (subject to increase by up to US$100,000,000 pursuant to an option) convertible bonds due 2009 (the "Bonds") by its wholly- owned subsidiary, AngloGold Holdings plc (the "Issuer"). The Bonds are guaranteed by AngloGold.
The Bonds will be convertible into American Depositary Shares ("ADSs") of AngloGold, with each ADS currently representing one ordinary share of AngloGold.
The final terms of the Bonds are expected to be announced after the pricing has been determined. The closing and settlement date of the offering is expected to occur on or about 27 February 2004.
AngloGold and the Issuer have agreed to a lock up period in respect of the ordinary shares of AngloGold for a period of 90 days after the closing date of the offering (both dates inclusive), subject to certain exceptions, including in relation to the ordinary shares of AngloGold to be issued to implement the proposed merger with Ashanti Goldfields Company Limited.
The Bonds will be sold outside the United States in reliance upon Regulation S under the US Securities Act of 1933, as amended (the "Securities Act") and will be sold in the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act.
Application has been made to the UK Listing Authority for the Bonds to be admitted to the Official List and to the London Stock Exchange plc for the Bonds to be admitted to trading on the London Stock Exchange plc's market for listed securities.
This announcement is not an offer of securities for sale in the United States. Securities may not be sold in the United States unless they are registered or are exempt from registration. Neither AngloGold Holdings plc nor AngloGold Limited has registered nor intends to register any portion of this offering in the United States or to conduct a public offering in the United States.
STABILISATION/FSA
This communication is for distribution only to persons in the United Kingdom who: (i) have professional experience in matters relating to investments or (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) or to whom it may otherwise lawfully be passed on (all such persons together being referred to as "relevant persons"). This communication is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.
Queries:
www.anglogold.com
South Africa
Tel:
Mobile:
E-mail:
Steve Lenahan
+27 11 637 6248
+27 83 308 2200
slenahan@anglogold.com
Peta Baldwin
+27 11 637 6647
+27 83 273 7858
pbaldwin@anglogold.com
Shelagh Blackman
+27 11 637 6379
+27 83 308 2471
skblackman@anglogold.com
Europe & Asia
Tomasz Nadrowski
+1 917 912 4641
tnadrowski@anglogold.com
USA
Charles Carter
(Toll free) 800 417 9255
+1 212 750 7999
cecarter@anglogold.com
Australia
Andrea Maxey
+61 8 9425 4604
+61 438 001 393
amaxey@anglogold.com.au
Disclaimer
Except for the historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to development of the Company's business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report on the Form 20-F for the year ended 31 December 2002 which was filed with the Securities and Exchange Commission on 7April 2003.