AngloGold Ashanti : Q1 2024 - Production Update Presentation

Q1 2024 Production Update

FOR THE THREE MONTHS ENDED 31 MARCH 2024

NEVADA, USA

DISCLAIMER

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti plc's (the "Company", "AngloGold Ashanti" or "AGA") operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward- looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year ended 31 December 2023 filed with the United States Securities and Exchange Commission ("SEC"). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. 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.

The information included in this presentation has not been reviewed or reported on by AngloGold Ashanti's external auditors.

Non-GAAP financial measures

This communication may contain certain "Non-GAAP" financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. 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 measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.

Website: www.anglogoldashanti.com

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This is a good start to the year, with another strong safety result and a good" overall performance from the portfolio. We're seeing greater consistency from

most of our operations; in Brazil, both sites have shown significantly better performance, with greater production control and stability. Geita and Kibali were strong again, and Obuasi's ramp-up remains on track.

Alberto Calderon, CEO

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HARD WORK TO ACHIEVE STRONG SAFETY PERFORMANCE

Total Recordable Injury Frequency Rate*

injuries per million hours worked

Q1 2024 PRODUCTION OVERVIEW

• Gold production up +2%* year-on-year at 581,000oz
• Strong performances at Cuiabá (+55%), Serra Grande (+40%), Kibali (+19%) and at Geita (+16%)
• Obuasi production in line with plan, underground tonnes steady, UHDF trial on track, guidance maintained
• Tropicana, Sunrise Dam production impacted by 1:1,000-year rainfall; now back to normal
• Siguiri impacted by lower metallurgical recoveries; mitigation strategy implemented; production now normalised
• On track to achieve gold production guidance for 2024

Q1 2024 OPERATIONAL REVIEW

LONGER LIFE, LOWER COST, SCALE / GROWTH POTENTIAL,

>CA.60% OF GOLD PRODUCTION

TIER 1 ASSETS

*Gold production on an attributable basis

STEADY PERFORMERS, RELIABLE CASH GENERATORS, SHORTER LIFE,

FP FOCUS - OPPORTUNITIES TO IMPROVE COST COMPETITIVENESS

TIER 2 ASSETS

DRC

Kibali (45%)

Ghana

Iduapriem

Obuasi

Tanzania

Geita

Australia

Sunrise Dam

Tropicana (70%)

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OBUASI PRODUCTION UPDATE

SUB-LEVEL OPEN STOPING

• V30 reamer supports Sub-Level Open Stoping
• V30 reamer drills 3X wider raise holes in more stable hanging wall
• Q1 2024 U/G ore tonnes treated +17% vs Q1 2023
• Q1 2024 U/G ore tonnes treated average consistently +91kt/pm

UNDERHAND DRIFT AND FILL

Milestones achieved:

Developed alongside paste-filled 3,300 level drive

Confirmed in-situ paste strength and installed ground support

Trialed slag-based binders to increase backfill strength and reduce curing times

Paste-fill commenced, curing successfully achieved required strength within 14 days

Paste-fill above

Undercut

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PHASE 3 ON TRACK FOR COMPLETION END 2024 - PATHWAY TO FULL RAMP UP

Q1 2024 MILESTONES ACHIEVED

Completed 945m vent shaft reaming and winder upgrades

Commissioned first pumping system

Next milestones include

Commissioning vent shaft

Clearing mud on 5,100 level and shaft bottom Ore passes linking upper mine and rail transport level

Installation, commissioning of rail system

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RESTRUCTURING

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OPERATIONAL FOCUS AREAS

AUSTRALIAN OPERATIONS

Flooding impacting Australian operations

Tropicana - Australia

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