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For a discussion of important terms of the proposed transaction and important factors and risks involved in the companies' businesses, which could cause the combined group's actual operating and financial results to differ materially from such forward-looking statements, refer to AngloGold's and Ashanti's filings with the U.S. Securities and Exchange Commission (the"Commission" or "SEC") including AngloGold's annual report on Form 20-F for the year ended 31 December 2002, filed with the Commission on 7 April 2003 and Ashanti's amended annual report on Form 20-F for the year ended 31 December 2001, filed with the Commission on 17 June 2003 and any other documents in respect of the proposed transaction that are furnished to the SEC by AngloGold or Ashanti under cover of Form 6-K.
Neither AngloGold nor Ashanti nor the combined group undertakes any obligation to update publicly or release any revisions topublicly update any forward-looking statements discussed in this presentation, whether as a result of new information, future events or otherwise.
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additional) 57,683 44,218 22,345 18,491 8,302
• Investment of US$570 million
• New shaft system (two shafts) from surface
• Production build up from 2015
• Life at least doubled to around 2040.
• Gold production 700,000 oz per annum - milling rate of 1.5 million
followed by shaft system to extract the remaining ore
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• Tax rate reduced by 2.5% - 15 years
• Royalty pegged at 3% - 15 years
• Clarification of the Golden Share
• General Fiscal Stability agreement
– Payable in AngloGold stock on meeting the pre conditions
no-action relief (3
(a) 10 letter)
materials, submit
to Ghanaian
regulators, appoint
Court reporter,
post to Ashanti
shareholders and
convene
shareholders
meeting
Scheme
meeting
statement with the
SEC to register
AngloGold shares
to be issued in the
Scheme
granted
90 days
180 days
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UBS Investment Bank and First Africa Group Holdings (Pty) Limited ("First Africa") are acting for AngloGold and no one else in connection with the Merger and will not be responsible to anyone other than AngloGold for providing the protections afforded to clients of UBS Investment Bank or First Africa or for providing advice in relation to the Merger.