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”)



NEWS RELEASE
ANGLOGOLD ASHANTI SHARPENS OPERATIONAL FOCUS WITH SALE OF GRAMALOTE STAKE

(JOHANNESBURG) -- AngloGold Ashanti, which continues to sharpen focus on its operating assets
and high-return development projects, has agreed to sell its entire 50% indirect interest in the
Gramalote Project to B2 Gold Corp for a total consideration of up to $60 million.

The agreement, which provides full ownership of the project to B2Gold, follows a joint sales process
by partners AngloGold Ashanti and B2Gold for their combined interests in Gramalote that failed to
yield an offer from a third party that was acceptable to either AngloGold Ashanti or B2Gold. B2Gold
is the manager of the project.

“This sale will help increase our focus on our operating assets the projects we intend to develop,”
AngloGold Ashanti CEO Alberto Calderon said. “AngloGold Ashanti remains a committed, long-term
investor in Colombia with our exciting Quebradona copper and gold project and we look forward to
playing a key role in developing of a modern, responsible mining sector in the country.”

AngloGold Ashanti will receive a cash payment of $20 million at the closing date of the proposed
transaction, with the balance dependent on project construction and production milestones that the
Gramalote Project reaches.

The proposed transaction, subject to limited conditions including approval of the South African
Reserve Bank, as the agreement has been executed prior to the implementation of AngloGold
Ashanti’s proposed corporate restructuring related to its new corporate domicile in the United
Kingdom and primary listing on the New York Stock Exchange, is expected to close by the end of
the year.

About Gramalote
The Gramalote project is a JV between AngloGold Ashanti (50%) and B2Gold (50% owner and the
manager). It is situated in the Department of Antioquia, 124km northeast of Medellín. Following the
completion of the FS optimised work in the second half of 2022, both partners determined that the
Gramalote project does not meet their investment thresholds for development. Following a
comprehensive review of the alternatives relating to the project, both parties agreed to commence
a joint sales process for the project. Gramalote has an attributable mineral resource of 2.6Moz
inclusive of a mineral reserve of 1.6Moz.

ENDS

18 September 2023
Johannesburg
JSE Sponsor: The Standard Bank of South Africa Limited
CONTACTS

Media

Andrea Maxey            +61 08 9435 4603/ +61 400 072 199   amaxey@anglogoldashanti.com
General inquiries                                           media@anglogoldashanti.com

Investors

Andrea Maxey            +61 08 9435 4603/ +61 400 072 199   amaxey@anglogoldashanti.com
Yatish Chowthee         +27 11 637 6273 / +27 78 364 2080   yrchowthee@anglogoldashanti.com

Website: www.anglogoldashanti.com