ANGLOGOLD ASHANTI LIMITED: Investment Grade Credit Rating Maintained

ANGLOGOLD ASHANTI LIMITED: Investment Grade Credit Rating Maintained
AngloGold Ashanti Limited 
(Incorporated in the Republic of South Africa \ Reg. No. 1944/017354/06) 
ISIN No. ZAE000043485 - JSE share code: ANG \ CUSIP: 035128206 - NYSE share
code: AU 
Website: www.anglogoldashanti.com 
News Release 
10 December 2012 
AngloGold Ashanti Maintains Investment Grade Credit Rating 
(Johannesburg) - AngloGold Ashanti is pleased to note that Standard & Poor's
has affirmed the investment grade rating on the company's publicly traded debt
following an extensive review. 
"We've taken strong, decisive action to maintain our investment grade rating
and preserve our financial stability and flexibility," Chief Executive Officer
Mark Cutifani said, "And at the same time our strategy to improve the quality
and diversity of our portfolio remains firmly on track," 
The affirmation of the BBB- rating (with negative outlook) comes despite a
decision in October to downgrade South Africa's sovereign debt rating and that
of several of the country's other corporates. The decision highlights AngloGold
Ashanti's geographically diverse production base and new production coming on
stream from projects already in advanced stages of development. 
"Maintaining a strong and stable financial foundation has always been key to
ensuring we have cost-effective access to capital over the long-term," said
AngloGold Ashanti's Chief Financial Officer, Srinivasan Venkatakrishnan, who
led the team through the rating review. "Despite the raft of macro headwinds
we've faced during the recent months, we've shown that we have the strategy,
portfolio and the team to make good on our commitments." 
The investment grade rating reflects AngloGold Ashanti's diverse portfolio of
operating gold mines, which reduces its dependence on any single jurisdiction,
the company's competitive total cost structure and its ability to protect cash
flows in a range of gold price scenarios. AngloGold Ashanti's two major new
projects - Tropicana in Australia and Kibali in the Democratic Republic of
Congo - are scheduled to begin production within the next year, further
diversifying AngloGold Ashanti's production base. 
About AngloGold Ashanti 
AngloGold Ashanti is a global gold mining company and the world's third largest
gold producer. Headquartered in Johannesburg, South Africa, AngloGold Ashanti
has 20 operations on four continents and one of the gold industry's most
successful exploration teams which work across both the established and new
gold producing regions of the world. This includes land positions in Colombia,
Egypt, Guinea, Australia and the Solomon Islands, among others. AngloGold
Ashanti employed 61,242 people, including contractors, in 2011 and produced
4.33Moz of gold, generating $6.6bn in gold income. Capital expenditure in 2011
amounted to $1.5bn. As at 31 December 2011, AngloGold Ashanti's Ore Reserve
totalled 75.6Moz. 
The primary listing of the company's ordinary shares is on the JSE Limited
(JSE). Its ordinary shares are also listed on stock exchanges in London and
Ghana, as well as being quoted in New York in the form of American Depositary
Shares (ADSs), in Australia, in the form of CHESS Depositary Interests (CDIs)
and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs). 
At September 30 the company had a robust balance sheet, with net debt of
$1.569bn and earnings before interest tax, depreciation and amortisation of
$2.07bn in the first nine months of the year. AngloGold Ashanti has the
following publicly traded debt outstanding: 
* $300m, 30-year bond due 2040, bearing a coupon of 6.5% 


      * $700m, 10-year bond, due 2020, bearing a coupon of 5.375%
      * $750m, 10-year bond, due 2022, bearing a coupon of 5.125%
      * $732.5m, 5-year convertible bond, due 2014, bearing a coupon of 3.5% and a
    strike price of $47.61 per share


Moody's Investor Service, another international rating agency, rates AngloGold
Ashanti's debt Baa2, an investment grade ranking which is two notches above
high yield, or junk status. 
SPONSOR: UBS South Africa (Pty) Limited 
ENDS 
________________________________________________________________________________
__________________________________ 
Contacts 
Media                     Tel:                      E-mail:                      


                                                                                

Alan Fine                +27-11 637- 6383 / +27     afine@anglogoldashanti.com  
                         (0) 83 250 0757                                       
                                                                                

Chris Nthite             +27 (0) 11 637 6388/+27    
cnthite@anglogoldashanti.com
                         (0) 83 301 2481                                       
                                                                                

Stewart Bailey           +1 646 338 4337/ +1 212    
sbailey@anglogoldashanti.com
                         858-7702 / +27 83 253                                 
                         2021                                                  
                                                                                

General inquiries        +27 11 637 6031            media@anglogoldashanti.com  


Investors

Stewart Bailey           +1 646 338 4337/ +1 212    
sbailey@anglogoldashanti.com  
                         858-7702 / +27 83 253                                  
                           2021                                                   


                                                                               
Sabrina Brockman (US &   +1 (212) 858 7702 / +1     
sbrockman@anglogoldashanti.com
Canada)                  646 379 2555                                            
                                                                               
Mike Bedford (UK &       +44 779 497 7881 / +44     
mbedford@anglogoldashanti.com 
Europe)                  1225 93 8483                                            
                                                                               
General inquiries        +27 11 637 6059            
investors@anglogoldashanti.com 
Certain statements made in this communication, other than statements of
historical fact, 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
outlook of AngloGold Ashanti's operations, individually or in the aggregate,
including the achievement of project milestones, the completion and
commencement of commercial operations of certain of AngloGold Ashanti's
exploration and production projects and the completion of acquisitions and
dispositions, AngloGold Ashanti's liquidity and capital resources and capital
expenditures and the outcome and consequence of any potential or pending
litigation or regulatory proceedings or environmental issues, are
forward-looking statements or forecasts regarding AngloGold Ashanti's
operations, economic performance and financial condition. These forward-looking
statements or forecasts involve known and unknown risks, uncertainties and
other factors that may cause AngloGold Ashanti's actual results, performance or
achievements to differ materially from the anticipated results, performance 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 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, success of business and operating initiatives,
changes in the regulatory environment and other government actions including
environmental approvals and actions, fluctuations in gold prices and exchange
rates, and business and operational risk management. For a discussion of
certain of these and other factors, refer to AngloGold Ashanti's annual report
for the year ended 31 December 2011, which was distributed to shareholders on
4 April 2012, the company's 2011 annual report on Form 20-F, which was filed
with the Securities and Exchange Commission in the United States on 23 April
2012 and the prospectus supplement to the company's prospectus dated 17 July
2012 that was filed with the Securities and Exchange Commission on 25 July
2012. These factors are not necessarily all of the important factors that could
cause AngloGold Ashanti's actual results to differ materially from those
expressed in any forward-looking statements. Other unknown or unpredictable
factors could also have material adverse effects on future results.
Consequently, stakeholders 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 today's date 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. 
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. AngloGold Ashanti posts
information that is important to investors on the main page of its website at
www.anglogoldashanti.com and under the "Investors" tab on the main page. This
information is updated regularly. Investors should visit this website to obtain
important information about AngloGold Ashanti. 
END 
-0- Dec/10/2012 12:21 GMT
 
 
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