DR JAMES MOTLATSI RETIRES AS A NON-EXECUTIVE DIRECTOR FROM THE BOARD OF
ANGLOGOLD ASHANTI
AngloGold Ashanti announces the retirement of Dr James
Motlatsi (59) from its board with effect from 17 February 2011.
Commenting on the announcement, the chairman of the
board, Mr Tito Mboweni said, "James Motlatsi was appointed to the board
when AngloGold Ashanti was formed in 1998 and as Deputy Chairman in 2002, and
has provided invaluable guidance and support to the deliberations of the board
and the work of AngloGold Ashanti as a whole. His retirement allows him
the opportunity to pursue new interests. On behalf of the board and
management, we extend our thanks and best wishes to James Motlatsi for the future".
Says CEO Mark Cutifani: "I have greatly
appreciated James Motlatsi's deep understanding of South Africa and our mining
industry and his sage advice on many issues since I joined AngloGold
Ashanti. He has provided both continuity and critical leadership during
these changing times and has served all AngloGold Ashanti stakeholders with
great distinction. We wish him all the very best for the future".
Contacts
Alan
Fine
(Media)
+27 (0) 11 637- 6383 / +27 (0) 83 250
0757
afine@anglogoldashanti.com
Stewart Bailey
(Investors)
+1 212 836 4303 / +27 (0) 82 330 9628 / +1 64 633 84337
sbailey@anglogoldashanti.com
Certain statements made in this communication,
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
completion and commencement of commercial operations of certain of AngloGold
Ashanti's exploration and production projects, the completion of announced
mergers and acquisitions transactions, AngloGold Ashanti's liquidity and
capital resources, and expenditure and the outcome and consequences of any
litigation proceedings or environmental issues, contain certain forward-looking
statements regarding AngloGold Ashanti's operations, economic performance and
financial condition. Although AngloGold Ashanti believes that the expectations
reflected in such forward-looking statements 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 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
factors, refer to AngloGold Ashanti's annual report for the year ended
31 December 2009, which was distributed to shareholders on 30 March
2010. The company's annual report on Form 20-F, was filed with the
Securities and Exchange Commission in the United States on April 19, 2010
and as amended on May 18, 2010. 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. 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.