Shareholder information

Shareholders at 31 December 2011

According to information available to the directors, the following are the only shareholders holding, directly or indirectly, in excess of 5% of the ordinary issued share capital of the company:

	Ordinary shares held
	31 December 2011		31 December 2010
	Number	%	Number	%
The Bank of New York Mellon*	164,886,294	43.14	167,587,981	43.96
Paulson & Co., Inc	32,570,668	8.52	41,000,000	10.76
Allan Gray Unit Trust Management Limited	24,710,806	6.46	31,668,339	8.31

* Shares held through various custodians in respect of ADSs issued by the Bank, as AngloGold Ashanti’s ADS custodian.

Top 20 shareholders

The 20 largest holders of the ordinary share capital of the company as at 31 December 2011 were:

	Number	%
1. Paulson & Co., Inc.	32,570,668	8.52
2. Allan Gray Unit Trust Management Limited	24,710,806	6.46
3 Fidelity Management & Research	16,539,669	4.33
4. Public Investment Corp. of South Africa	16,140,223	4.22
5. NWQ Investment Management Co. LLC	15,296,718	4.00
6. Tradewinds Global Investors LLC	14,401,392	3.77
7. Van Eck Global	13,128,482	3.43
8. Investec Asset Management (Pty) Limited (South Africa)	11,202,939	2.93
9. Old Mutual Investment Group South Africa (Pty) Limited	9,952,346	2.60
10. The Vanguard Group, Inc.	8,915,365	2.33
11. Wellington Management Co. LLP	7,824,926	2.05
12. BlackRock Fund Advisors	7,499,546	1.96
13. Government of Singapore Investment Corp. Pte Limited	7,386,300	1.93
14. Comgest SA	6,492,323	1.70
15. Government of Ghana	6,373,650	1.67
16. BlackRock Investment Management (UK) Limited	6,291,789	1.65
17. T. Rowe Price Associates, Inc.	6,148,218	1.61
18. Franklin Advisors, Inc.	6,030,503	1.58
19. Coronation Management Co. Limited	5,493,994	1.44
20. Abax Investments Pty. Limited	5,407,491	1.41

The above list of shareholders may not necessarily reflect the beneficial shareholders.

Analysis of ordinary shareholdings as at 31 December 2011

Size of shareholding			Number of shareholders	% of total shareholders	Number of shares issued	% of shares issued
1	–	100	2,863	30.42	145,777	0.04
101	–	500	3,807	40.45	864,247	0.23
501	–	1,000	728	7.74	547,639	0.14
1,001	–	5,000	867	9.21	2,008,767	0.53
5,001	–	10,000	242	2.57	1,745,881	0.46
10,001	–	100,000	654	6.95	22,761,504	5.95
Over 100,000			250	2.66	354,168,528	92.65
Total			9,411	100.00	382,242,343	100.00

Shareholder spread at 31 December 2011

Pursuant to the Listings Requirements of the JSE, with the best knowledge of the directors and after reasonable enquiry, the spread of shareholders was as follows:

Class	Number of shares	% of shares issued	Number of holders	% of sharesholders
Ordinary shares
Non-public shareholders:
– Directors	26,135	0.007	4	0.04
– Strategic holdings	6,373,650	1.67	1	0.01
Public shareholders	375,842,558	98.32	9,406	99.95
Total	382,242,343	100.00	9,411	100.00

A redeemable preference shares	}	All shares are held by a wholly owned subsidiary company
B redeemable preference shares

Stock exchange listing at 31 December 2011

The primary listing of the company’s ordinary shares is on the Johannesburg Stock Exchange (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 ⁽¹⁾ (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs).

⁽¹⁾ Clearing House Electronic Sub-register System.

Delistings

AngloGold Ashanti delisted the company’s ordinary shares from the Euronext Paris exchange with effect from 23 December 2011 and from the Euronext Brussels with effect from 30 December 2011.

Stock exchange information at 31 December

		2011	2010	2009	2008	2009
JSE (Share code: ANG)
Rands per share:
Market price	– high	391.82	366.31	369.00	349.00	358.89
	– low	273.33	266.40	232.06	150.11	254.00
	– year end	343.40	326.90	306.29	252.00	293.00
Shares traded	– 000	323,893	270,652	376,590	306,655	216,717
London Stock Exchange (Share code: AGD)
Pounds per share:
Market price	– high	30.17	32.32	28.53	23.08	23.15
	– low	25.11	23.15	16.64	9.93	18.43
	– year end	29.36	31.79	27.06	16.66	21.25
Shares traded	– 000	646	2,359	643	5	648
Euronext Paris (Share code: VA) (2)
Euros per share:
Market price	– high	37.59	38.50	31.40	34.79	37.95
	– low	28.01	25.35	17.54	10.46	25.21
	– year end	32.20	36.58	28.85	18.20	29.05
Shares traded	– 000	710	723	1,102	1,926	1,609
Ghana Stock Exchange (Share code: AGA)
(listing commenced 27 April 2004)
Ghana Cedis per share: (3)
Market price	– high	34.00	34.00	30.00	30.00	30.00
	– low	34.00	30.00	30.00	30.00	30.00
	– year end	34.00	34.00	30.00	30.00	30.00
Shares traded	– 000	17	9	118	–	–
Euronext Brussels (Share code: ANG) (4)
Euros per IDR:
Market price	– high	37.21	38.00	31.04	34.75	37.55
	– low	26.65	25.23	16.83	10.58	25.90
	– year end	30.52	36.10	27.85	19.05	30.00
IDRs traded	– 000	649	596	807	681	704
Each IDR is equal to one ordinary share
New York Stock Exchange (Share code: AU)
US dollars per ADS:
Market price	– high	51.69	52.86	47.52	51.35	49.88
	– low	38.97	34.11	27.88	13.37	33.80
	– year end	42.45	49.23	40.18	27.71	42.81
ADSs traded	– 000	496,614	504,186	706,541	588,403	352,041
Each ADS is equal to one ordinary share
Australian Securities Exchange (Share code: AGG)
Australian dollars per CDI:
Market price	– high	9.69	10.50	11.50	11.31	12.37
	– low	7.00	7.65	6.80	4.25	8.85
	– year end	8.05	9.84	9.00	7.60	10.10
CDIs traded	– 000	1,848	6,023	6,574	5,854	14,993
Each CDI is equal to one-fifth of one ordinary share
Ghana Stock Exchange (Share code: AADS)
(listing commenced 27 April 2004) Ghana Cedis per GhDS: (2)
Market price	– high	0.60	0.60	0.35	0.35	0.30
	– low	0.50	0.30	0.30	0.35	0.30
	– year end	0.50	0.60	0.30	0.35	0.30
GhDSs traded	– 000	172	921	477	183	–
Each GhDS is equal to one-hundredth of one ordinary share

1. ⁽²⁾ Delisted with effect from 23 December 2011
2. ⁽³⁾ Adjusted to address change in currency
3. ⁽⁴⁾ Delisted with effect from 30 December 2011

Shareholders’ diary

Financial year-end		31 December
Annual reports 2011	posting on or about	31 March 2012
Annual general meeting	11:00 SA time	10 May 2012
Quarterly reports		Released on or about
– Quarter ended 31 March 2012		10 May 2012
– Quarter ended 30 June 2012		7 August 2012
– Quarter ended 30 September 2012		8 November 2012
– Quarter ended 31 December 2012		14 February 2013

Dividends

Dividend number	Declared	Last date to trade ordinary shares cum dividend	Payment date to shareholders	Payment date to ADS holders
2011 Final – number 112	14 February 2012	2 March 2012	16 March 2012	26 March 2012
2012 Q1 Interim – number 113*	*8 May 2012	*25 May 2012	*8 June 2012	*18 June 2012
2012 Q2 Interim – number 114*	*3 August 2012	*24 August 2012	*7 September 2012	*17 September 2012
2012 Q3 Interim – number 115*	*6 November 2012	*23 November 2012	*7 December 2012	*17 December 2012

1. * Proposed, subject to board approval.

Dividend policy

Dividends are proposed by and approved by the board of directors of AngloGold Ashanti, based on the company’s financial performance. Dividends are recognised when declared by the board of directors of AngloGold Ashanti. During the third quarter of 2011, the company changed the timing of dividend payments to quarterly rather than half-yearly. AngloGold Ashanti expects to continue to pay dividends, although there can be no assurance that dividends will be paid in the future or as to the particular amounts that will be paid from year to year. The payment of future dividends will depend upon the board’s ongoing assessment of AngloGold Ashanti’s earnings, after providing for long-term growth, cash/debt resources, compliance with the solvency and liquidity requirements of the Companies Act of 2008, the amount of reserves available for dividend, based on the going concern assessment, and restrictions placed by the conditions of the convertible bonds, other debt facilities, protection of the investment grade rating and other factors.

Withholding tax

On 21 February 2007, the South African government announced that a 10% withholding tax on dividends and other distributions payable to shareholders would be implemented. In his budget speech on 22 February 2012, the South African Minister of Finance announced that the withholding tax on dividends and other distributions payable to shareholders will be increased from 10% to 15% effective 1 April 2012.

This withholding tax replaces the Secondary Tax on Companies and although this may reduce the tax payable by AngloGold Ashanti’s South African operations, thereby potentially increasing distributable earnings, the withholding tax on dividends and other distributions will generally reduce the amount of dividends or other distributions received by AngloGold Ashanti shareholders, subject to certain exceptions.

The method for collection of this withholding tax will be communicated to shareholders in due course.

Annual general meeting

Shareholders on the South African register who have dematerialised their shares in the company (other than those shareholders whose shareholding is recorded in their own names in the sub-register maintained by their CSDP) and who wish to attend the annual general meeting to be held on 10 May 2012 in person, will need to request their CSDP or broker to provide them with the necessary authority in terms of the custody agreement entered into between them and the CSDP or broker.

Voting rights

The South African Companies Act 71 of 2008 (as amended) provides that if voting is by a show of hands, any person present and entitled to exercise voting rights has one vote, irrespective of the number of voting rights that person would otherwise be entitled to. If voting is taken by way of poll, any shareholder who is present at the meeting, whether in person or by duly appointed proxy, shall have one vote for every share held. There are no limitations on the right of non-South African shareholders to hold or exercise voting rights attaching to any shares of the company. CDI holders are not entitled to vote in person at meetings, but may vote by way of proxy. Holders of E ordinary shares are entitled to vote at meetings, but do not hold the right to veto. Options granted in terms of the share incentive scheme do not carry rights to vote.

Change of details

Shareholders are reminded that the onus is on them to keep the company, through their nominated share registrars, apprised of any change in their postal address and personal particulars. Similarly, where shareholders received dividend payments electronically (EFT), they should ensure that the banking details which the share registrars and/or CSDPs have on file are correct.

Annual reports

Should you wish to receive a printed copy of AngloGold Ashanti’s 2011 annual reports, please request same from the contact persons listed at the end of this report or from the company’s website or from companysecretary@anglogoldashanti.com.