Principal subsidiaries and operating entities

Principal subsidiaries are those subsidiaries that hold material contracts and/or act as borrowers and/or guarantors of such material contracts, or operating mines.

Country of incorporation			Shares held		Percentage held
			2012	2011	2012	2011
Principal subsidiaries
AngloGold Ashanti Australia Limited	2		257,462,077	257,462,077	100	100
AngloGold Ashanti Holdings plc	6	}	4,778,273,521	4,226,443,301	100	100
		}	–	^*1,273,918,156
AngloGold Ashanti Holdings Finance plc	6		100	100	100	100
AngloGold Ashanti USA Incorporated	11	}	234	234	100	100
		}	^*500	^*500	100
Operating entities ⁽¹⁾
AngloGold Ashanti Córrego do Sitío Mineração S.A.	3		4,167,085,000	4,167,085,000	100	100
AngloGold Ashanti (Ghana) Limited ⁽²⁾	4		132,419,584	132,419,584	100	100
AngloGold Ashanti (Iduapriem) Limited	4		66,270	66,270	100	100
AngloGold Australia (Sunrise Dam) Pty Limited	2		2	2	100	100
AngloGold Namibia (Pty) Limited	8		10,000	10,000	100	100
Cerro Vanguardia S.A.	1		13,875,000	13,875,000	92.50	92.50
AngloGold Ashanti (Colorado) Corp ⁽³⁾	11		1,250	1,250	100	100
First Uranium (Pty) Limited ⁽¹⁾ ⁽⁴⁾	9		1,633	–	100	–
Geita Gold Mining Limited	10		123,382,772	123,382,772	100	100
Mineração Serra Grande S.A.	3		1,999,999	350,000,000
			–	*149,999,996	100	50
Société AngloGold Ashanti de Guinée “SAG” S.A	5		3,486,134	3,486,134	85	85
Société des Mines de Morila S.A. ⁽⁵⁾	7		400	400	40	40
Société d’Exploitation des Mines d’Or de Sadiola S.A. ⁽⁵⁾	7		41,000	41,000	41	41
Société d’Exploitation des Mines d’Or de Yatela S.A. ⁽⁵⁾	7		400	400	40	40

* Indicates preference shares
⁽¹⁾ All the operations in South Africa, namely, First Uranium, Great Noligwa, Kopanang, Moab Khotsong, Mponeng, Savuka, and TauTona are held by the parent company, AngloGold Ashanti Limited.
⁽²⁾ Operates the Obuasi mine in Ghana.
⁽³⁾ Operates the Cripple Creek & Victor gold mine.
⁽⁴⁾ First Uranium (Pty) Limited was acquired during 2012.
⁽⁵⁾ Represents a joint venture entity.

Country of incorporation – key

Argentina
Australia
Brazil
Ghana

Republic of Guinea
Isle of Man
Mali
Namibia

South Africa
Tanzania
United States of America