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 
8 January 2013 
AngloGold Ashanti Announces Departure of Mark Cutifani 
(Johannesburg) - The Board of AngloGold Ashanti today announced the resignation
of Chief Executive Officer Mark Cutifani, who has accepted an offer to become
the Chief Executive Officer of Anglo American Plc, effective April 3. Mark will
remain in the role of CEO of AngloGold Ashanti until March 31. 
The Board of Directors, under Chairman Tito Mboweni, has initiated a formal
search for a new Chief Executive Officer of AngloGold Ashanti, in terms of
which both internal and external candidates will be considered. 
When Mark's resignation becomes effective and until a new CEO has been
appointed, the board has asked Chief Financial Officer Srinivasan
Venkatakrishnan (Venkat) and Executive Vice President Business & Technical
Development Tony O'Neill to act as joint interim Chief Executives, with Venkat
responsible for all Finance and Corporate functions and Tony responsible for
all Operations, Projects (including ERP and procurement) and Technical
Both executives are well suited for their interim roles with strong track
records at AngloGold Ashanti and in the mining industry. Venkat has held
positions at AngloGold and Ashanti Goldfields since 2000 and has been Chief
Financial Officer of AngloGold Ashanti since 2005. Tony, who will join the
board of directors in coming weeks, joined AngloGold Ashanti in 2008 and has
had an extensive career in mining since 1978. Both Venkat and Tony have
indicated to the Board of Directors that they are not at this time intending to
put themselves forward for the position of CEO. 
Commenting on Mark's intended departure, Mr. Tito Mboweni, Chairman of the
Board of Directors, said: "I would like to thank Mark for five years of
inspirational leadership, during which time he transformed the business. Mark
led a significant operations and financial turnaround with industry-leading
returns, and built a leadership team with outstanding breadth and depth. I am
indebted to Mark for successfully navigating many difficult aspects of the
global business and for setting the company up for long-term success." 
Since the launch of AngloGold's new strategy under Mark at the beginning of
2008, safety has improved by some 70%, the hedge book has been eliminated and
the balance sheet rebuilt, the operating performance of several key assets have
been improved and key growth projects are scheduled to start production in the
next 12 months. Earnings before interest, tax, depreciation and amortisation
almost tripled over that time, outpacing gains in the gold price. Mark also
initiated a comprehensive business improvement and people-focused intervention
- Project One - which continues to drive stability and improved performance
across the business. 
AngloGold Ashanti's Board, its executive management team and employees would
like to offer their heartfelt thanks to Mark for his significant contribution
to the company and to wish him every success in his new role. 
Commenting on his intended departure, Mark said: "It's been a privilege working
with the Board and my colleagues to rebuild our operations and financial
foundations and deliver industry-leading capital returns, whilst developing a
project pipeline to deliver long-term sustainable value.  But it's the focus on
people, the rebuilding of the management team and their delivery of significant
safety, environment and community development improvements, that will help
AngloGold Ashanti prosper in the long term." 
Backgrounds of Interim Co-Chief Executive Officers Srinivasan Venkatakrishnan
and Tony O'Neill 
Mr S Venkatakrishnan (Venkat)
Chief Financial Officer 
Venkat joined AngloGold Ashanti on 1 July 2004, having been Chief Financial
Officer at Ashanti Goldfields Company Limited (Ashanti) until that company's
merger with AngloGold Limited in May 2004. He was appointed to the board on 1
August 2005, is a member of the Executive, Risk and Information Integrity and
Investment Committees and is invited to attend meetings of the Audit and
Corporate Governance Committee. Venkat has extensive financial experience,
having been a director in the reorganisation services division of Deloitte &
Touche in London prior to joining Ashanti in 2000. Venkat is a member of the
audit committee of the World Gold Council and has recently been appointed to
the Financial Reporting Investigation Panel, an advisory panel of the JSE. 
Venkat led the team that eliminated a 12Moz hedge book at an attractive average
price, generating significant value for the company. He was also the key
executive behind rebuilding the balance sheet through a series of successful
and innovative financings that included debt, convertible debt and equity. His
efforts to secure an international investment grade rating for AngloGold
Ashanti and then to successfully defend that rating after a wave of industrial
unrest in South Africa, have helped AngloGold Ashanti retain a competitive cost
of capital. As the lead executive on all M&A activity, he has successfully
negotiated a series of acquisitions and disposals, including the $1bn sale of
the Boddington stake to Newmont and the sale of Tau Lekoa to Simmer & Jack.
(Acquisitions have largely been bolt-on in nature and value accretive.) 
Mr AM O'Neill
BSc (Mining Engineering), MBA
Executive Vice President - Business and Technical Development 
Tony O'Neill joined AngloGold Ashanti in July 2008 as Executive Vice President
- Business and Technical Development, having consulted to the company prior to
this on its asset portfolio strategy. He is a mining engineer with an MBA from
the University of Melbourne. His extensive career in mining, predominantly in
the gold sector, has spanned almost 35 years, including his previous role as
executive in charge of operations at Newcrest Mining and before that as the
executive in charge of the gold business of Western Mining Corporation. Tony is
a recognised global business and technical expert in the mining industry. He
has led the strategy development and delivery of significant turnarounds in
large, complex and geographically diverse mining businesses; capitalising on
his deep understanding of the resources sector, its inputs, and conditions for
As Executive Vice President - Business & Technical Development for AngloGold
Ashanti Ltd, Tony has had full accountability for a wide global portfolio
ranging from Exploration, Innovation & Improvement, strategy, Mergers &
Acquisitions, Asset Management, Business Knowledge & Information Technology,
Supply Chain and Safety & Environment. 
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,
Guinea and Australia, 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). 
SPONSOR: UBS South Africa (Pty) Limited 
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      +27 11 637 6059                                            
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 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. 
-0- Jan/08/2013 09:00 GMT
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