25 Oct - 8 min read

Anglogold Ashanti Holdings plc announces results of cash tender offer for any and all of its 5.125% notes due 2022

Anglogold Ashanti Holdings plc announces results of cash tender offer for any and all of its 5.125% notes due 2022

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”)


Please refer to the attached announcement for further information.


25 October 2021

JSE Sponsor: The Standard Bank of South Africa Limited


Chris Nthite            +27 11 637 6388/+27 83 301 2481         cnthite@anglogoldashanti.com
Julie Bain              +27 66 364 0038                         jbain@anglogoldashanti.com
General inquiries                                               media@anglogoldashanti.com

Sabrina Brockman        +1 646 880 4526/ +1 646 379 2555        sbrockman@anglogoldashanti.com
Yatish Chowthee         +27 11 637 6273 / +27 78 364 2080       yrchowthee@anglogoldashanti.com
Fundisa Mgidi           +27 11 6376763 / +27 82 821 5322        fmgidi@anglogoldashanti.com

Website: www.anglogoldashanti.com

                   TENDER OFFER FOR ANY AND ALL OF ITS 5.125% NOTES DUE 2022

October 25, 2021. AngloGold Ashanti Holdings plc (the “Offeror”), a company incorporated under the
laws of the Isle of Man, announces today the results of the tender offer that the Offeror commenced on
October 18, 2021, for any and all of its outstanding U.S.$750,000,000 5.125% notes due 2022 (the
“Securities”), issued by the Offeror and guaranteed by AngloGold Ashanti Limited (“AGA”), a
company incorporated under the laws of the Republic of South Africa, for cash (the “Offer”). The terms
and conditions of the Offer are described in an offer to purchase dated October 18, 2021 (the “Offer to
Purchase”). Capitalized terms not otherwise defined in this announcement have the same meaning as
assigned to them in the Offer to Purchase.
On October 22, 2021, the Offeror announced the Purchase Price in respect of the Securities.
The Expiration Deadline for the Offer was 5:00 p.m. (New York City time) on October 22, 2021. The
aggregate principal amount of Securities validly tendered and not withdrawn by the Expiration Deadline
was U.S.$307,106,000, as well as U.S.$30,000 tendered using Guaranteed Delivery Procedures, which
have yet to be delivered.
The following table sets forth certain information relating to pricing of the Offer, as announced on
October 22, 2021, as well as the results of the Offer:

                                                   Principal Amount                                          Aggregate Principal Amount
        Title of Security      ISIN / CUSIP          Outstanding          Maturity Date     Purchase Price     Accepted for Purchase(1)

       5.125% notes due      US03512TAC53            U.S.$750,000,000    August 1, 2022    U.S.$1,034.51         $307,106,000
            2022              / 03512TAC5                                                  per U.S.$1,000
                                                                                          principal amount

(1)   Excluding U.S. $30,000 principal amount of Securities tendered using Guaranteed Delivery Procedures.

The Offer
In addition to the payment of the Purchase Price, each Holder whose Securities are validly tendered and
delivered (and not validly withdrawn) (including those validly tendered in accordance with the
Guaranteed Delivery Procedures) and accepted for purchase will also be paid Accrued Interest equal to
interest accrued and unpaid on the Securities from (and including) the immediately preceding interest
payment date for the Securities to (but excluding) the Settlement Date.
Accrued Interest will cease to accrue on the Settlement Date, and (in the case of Securities for which
the Guaranteed Delivery Procedures are used) no additional accrued interest will be paid in respect of
the period from the Settlement Date to the Guaranteed Delivery Settlement Date.
The Purchase Price and the Accrued Interest for the Securities validly tendered (and not validly
withdrawn) in the Offer will be paid on the Settlement Date or the Guaranteed Delivery Settlement
Date, as applicable (subject to the right of the Offeror to extend the Expiration Deadline and delay the
acceptance of Tender Instructions as set out in the Offer to Purchase).
The Offeror’s obligation to accept and pay for Securities in the Offer is subject to the satisfaction or
waiver of the General Conditions and the condition that the Offeror shall have completed an offering of
debt securities in an aggregate principal amount of at least U.S.$750,000,000 (the “Financing
Condition”). The Financing Condition has been satisfied.
The Settlement Date is expected to occur on the date hereof and the Guaranteed Delivery Settlement
Date is expected to occur on October 27, 2021. Securities purchased pursuant to the Offer will be retired
and canceled.
Questions and requests for assistance in connection with the Offer may be directed to the Dealer

                    Barclays Bank PLC                                        BNP Paribas
                   5 The North Colonnade                                16 boulevard des Italiens
                       Canary Wharf                                           75009 Paris
                      London E14 4BB                                            France
                      United Kingdom
                                                                    Attention: Liability Management
           Attention: Liability Management Group                                Telephone:
              Telephone: +44 (0) 20 3134 8515                                +33 1 55 77 78 94
                Email: eu.lm@barclays.com                     Email: liability.management@bnpparibas.com

                 J.P. Morgan Securities plc                            Merrill Lynch International
                       25 Bank Street                                     2 King Edward Street
                       Canary Wharf                                        London EC1A 1HQ
                      London E14 5JP                                        United Kingdom
                      United Kingdom
                                                                  Attention: Liability Management Group
              Attention: Liability Management                              Telephone (London):
               Telephone: +44 207 595 8222                                   +44 207 996 5420
            Email: em_europe_lm@jpmorgan.com,                           Telephone (U.S. Toll Free):
                                                                             +1 888 292 0070
                                                                             Telephone (U.S.):
                                                                             +1 980 387 3907
                                                                    Email: DG.LM-EMEA@bofa.com

Questions and requests for assistance in connection with the tender of Securities may be directed to:

                              INFORMATION & TENDER AGENT
                                         D.F. King

                                   E-mail: anglogold@dfking.com
                             Offer Website: www.dfking.com/anglogold
                  In New York:                                  In London:

                 48 Wall Street                                       65 Gresham Street
             New York, NY 10005                                      London EC2V 7NQ
                  United States
 Banks and Brokers, Call Collect: +1 (212) 269-                        United Kingdom
                      5550                                          Tel: +44 20 7920 9700
 All Others, Call Toll-Free: +1 (877) 783-5524


Subject to applicable law, the Offeror or any of its affiliates may, at any time and from time to time, acquire
Securities, other than pursuant to the Offer, through open market or privately negotiated transactions, through
tender offers, exchange offers, redemptions (including the Post-Closing Redemption) or otherwise, or the
Offeror may redeem Securities pursuant to their terms to the extent that such Securities then permit
redemption. Any future purchases of Securities may be on the same terms or on terms that are more or less
favorable to Holders of Securities than the terms of the Offer, and could be for cash or other consideration.
This announcement must be read in conjunction with the Offer to Purchase. This announcement and the
Offer to Purchase contain important information which must be read carefully before any decision is made
with respect to the Offer. If any Holder is in any doubt as to the action it should take or is unsure of the
impact of the Offer, it is recommended to seek its own financial and legal advice, including as to any tax
consequences, from its stockbroker, bank manager, attorney, accountant or other independent financial or
legal adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank,
custodian, trust company or other nominee or intermediary must contact such entity if it wishes to tender
Securities in the Offer (or to validly withdraw any such tender). None of the Offeror, the Dealer Managers,
the Information & Tender Agent and any person who controls, or is a director, officer, employee or agent of
such persons, or any affiliate of such persons, makes any recommendation as to whether holders of Securities
should participate in the Offer.

Cautionary Statement
Certain statements contained in this document, other than statements of historical fact, including, without
limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold
prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating
results, return on equity, productivity improvements, growth prospects and outlook of AGA’s operations,
individually or in the aggregate, including the achievement of project milestones, commencement and
completion of commercial operations of certain of AGA’s exploration and production projects and the
completion of acquisitions, dispositions or joint venture transactions, AGA’s liquidity and capital resources
and capital expenditures and the outcome and consequence of any potential or pending litigation or
regulatory proceedings or environmental health and safety issues, are forward-looking statements regarding
AGA’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 AGA’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 AGA 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 and political and market conditions, the success of business and operating initiatives, changes in the
regulatory environment and other government actions, including environmental approvals, fluctuations in
gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain
disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), and
other business and operational risks and other factors, including mining accidents. For a discussion of suc h
risk factors, refer to AGA’s annual report on Form 20-F for the year ended December 31, 2020, which has
been filed with the United States Securities and Exchange Commission (the “SEC”), as well as the
preliminary prospectus supplement dated October 18, 2021, which has also been filed with the SEC. These
factors are not necessarily all of the important factors that could cause AGA’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, readers are cautioned not to place
undue reliance on forward-looking statements. AGA undertakes no obligation to update publicly or release
any revisions to these forward-looking statements to reflect events or circumstances after the date hereof 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 AGA or any person acting on its behalf
are qualified by the cautionary statements herein.


Date: 25-10-2021 09:36:00
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