news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
AGA13.07
ANGLOGOLD ASHANTI ANNOUNCES OPERATIONAL MANAGEMENT RESTRUCTURE
AND CHANGE TO THE BOARD
In developing a strategy that places renewed emphasis on safety, productivity improvement
and enhanced shareholder value, new CEO Mark Cutifani has initiated a management
restructuring in which operational reporting will be brought one step closer to the CEO. The
company will be moving to a regional operating structure in which there will be three operating
heads reporting directly to the CEO, resulting in the Chief Operating Officer structure being
redundant with immediate effect.
As a consequence of these changes and reflecting his own desire to pursue other
opportunities, Neville Nicolau has advised the company of his intention to leave AngloGold
Ashanti.
Cutifani commented, “We wish Neville well on his chosen path and we all join in thanking him
for 29 years of dedicated and distinguished service, initially with Anglo American and then
with AngloGold Ashanti since the formation of the company.”
Further announcements regarding structure and appointments will be made in due course.
ENDS
Queries
South Africa
Tel:
Mobile:
E-mail:
Charles Carter
+27 (0) 11 637-6385
+27 (0) 82 330 5373
cecarter@AngloGoldAshanti.com
Steven Lenahan
+27 (0) 11 637 6248
+27 (0) 83 308 2200
slenahan@AngloGoldAshanti.com
Certain statements made during this communication, including, without limitation, those concerning the economic outlook for the gold
mining industry, expectations regarding gold prices, production, cash costs and other operating results, growth prospects and the
outlook of AngloGold Ashanti’s operations including the completion and commencement of commercial operations of certain of
AngloGold Ashanti’s exploration and production projects, and its liquidity and capital resources and expenditure, 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, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's annual report for the year
ended 31 December 2006, which was distributed to shareholders on 29 March 2007. 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.