May 03, 2018 - Working Group Statement: Settlement of the Silicosis and TB class action  (178.5k)

AngloGold Ashanti Limited

(Incorporated in the Republic of South Africa)

Reg. No. 1944/017354/06

ISIN. ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code: AU ("AngloGold Ashanti" or the "Company")

3 May 2018

NEWS RELEASE

WORKING GROUP STATEMENT: Settlement of the Silicosis and TB class action

Johannesburg, 3 May 2018 - Richard Spoor Inc, Abrahams Kiewitz Inc and the Legal Resources Centre - representing claimants in the silicosis and tuberculosis class action litigation - and the Occupational Lung Disease Working Group - representing African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields, Harmony and Sibanye-Stillwater - are pleased to announce that they have reached a settlement in this matter. For full announcement, visitwww.oldcollab.co.za.

The companies last year announced amounts that each has provided for, as the estimated cost to each of the settlement, based on actuarial assessments. These amounts total approximately R5 billion. As the Working Group statement indicates, the agreement is still subject to ratification by the High Court.

We look forward to the successful conclusion of that process. Once that and certain other conditions precedent are concluded, it will be possible fully to withdraw the appeal in the Supreme Court of Appeal of the Johannesburg High Court's class certification judgment delivered in May 2016.

AngloGold Ashanti welcomes the settlement which represents a fair outcome for claimants and a sustainable outcome for the companies.

ENDS

Johannesburg

WORKING GROUP CONTACTS

Incorporated in the Republic of South Africa Reg No: 1944/017354/06ISIN. ZAE000043485 - JSE share code: ANG CUSIP: 035128206 - NYSE share code: AU

Website:www.anglogoldashanti.com