Shareholder information

Shareholders at 31 December

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

	Ordinary shares held
	31 December 2009		31 December 2008
	Number	%	Number	%
The Bank of New York Mellon*	176,762,305	48.79	111,178,529	31.45
Paulson & Co., Inc	42,849,864	11.83	–	–
Allan Gray Unit Trust Management Limited	36,689,809	10.13	42,865,757	12.13
Anglo American plc (AAplc)	–	–	57,175,183	16.17
Public Investment Corporation	See below		19,543,308	5.53

* Shares held through various custodians in respect of ADSs issued by the Bank.

Top 20 shareholders

The 20 largest holders of the ordinary share capital of the company as at 31 December 2009 were:

	Ordinary shares held
	Number	%
Paulson & Co., Inc.	42,849,864	11.83
Allan Gray Unit Trust Management Limited	36,689,809	10.13
Public Investment Corp. of South Africa	17,308,397	4.78
Fidelity Management & Research	12,862,911	3.55
NWQ Investment Management Co. LLC	12,312,563	3.40
Government of Ghana	11,257,076	3.11
Blackrock Investment Management (UK) Limited	11,149,791	3.08
Tradewinds Global Investors LLC	10,268,839	2.83
Wellington Management Co. LLP	9,561,952	2.64
Van Eck Global	8,093,941	2.23
Franklin Advisers, Inc.	6,980,170	1.93
Northern Cross LLC	6,477,485	1.79
First State Investments International (UK) Limited	6,358,158	1.76
Old Mutual Investment Group South Africa (Pty) Limited	6,156,943	1.70
Sanlam Investment Management (Pty) Limited	4,864,331	1.34
BlackRock Global Investors	4,818,759	1.33
Investec Asset Management (Pty) Limited (South Africa)	4,451,553	1.23
Capital International, Inc.	4,422,127	1.22
T. Rowe Price Associates, Inc.	4,249,194	1.17
Vanguard Group Inc.	4,122,260	1.14

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

Analysis of ordinary shareholdings

At 31 December 2009

Size of shareholding	Number of shareholders	% of total shareholders	Number of shares	% of shares issued
1– 100	2,801	28.87	151,085	0.04
101– 500	4,306	44.38	975,300	0.27
501 – 1,000	791	8.15	593,816	0.16
1,001 – 5,000	898	9.26	2,009,164	0.55
5,001 – 10,000	202	2.08	1,452,769	0.40
10,001– 100,000	495	5.10	17,769,892	4.91
Over 100,000	209	2.15	339,288,643	93.66
Total	9,702	100.00	362,240,669	100.00

Shareholder spread

At 31 December 2009

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 total shares issued	Number of holders	%
Ordinary shares
Non-public share holders:
– Directors	29,198	0.01	5	0.80
– Strategic holdings	11,257,076	3.11	1	3.11
Public shareholders	350,954,395	96.89	9,696	96.09
Total	362,240,669	100.00	9,702	100.00

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

Stock exchange listings

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, Paris and Ghana, as well as being quoted in Brussels in the form of International Depositary Receipts (IDRs), 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).

Stock exchange information at 31 December

		2009	2008	2007	2006	2005
JSE (Share code: ANG)
Rands per share:
Market price	– high	369.00	349.00	358.89	387.00	319.90
	– low	232.06	150.11	254.00	247.00	187.00
	– year end	306.29	252.00	293.00	329.99	314.00
Shares traded	– 000	376,590	306,655	216,717	131,476	88,946
London Stock Exchange (Share code: AGD)
Pounds per share:
Market price	– high	28.53	23.08	23.15	34.72	28.25
	– low	16.64	9.93	18.43	17.50	11.00
	– year end	27.06	16.66	21.25	20.55	26.04
Shares traded	– 000	643	5	648	421	259
Euronext Paris (Share code: VA)
Euros per share:
Market price	– high	31.40	34.79	37.95	52.15	42.00
	– low	17.54	10.46	25.21	28.00	24.18
	– year end	28.85	18.20	29.05	35.40	41.29
Shares traded	– 000	1,102	1,926	1,609	1,209	855
Ghana Stock Exchange (Share code: AGA)
(listing commenced 27 April 2004)
Cedis per share: (1)
Market price	– high	30.00	30.00	30.00	30.00	30.00
	– low	30.00	30.00	30.00	30.00	30.00
	– year end	30.00	30.00	30.00	30.00	30.00
Shares traded	– 000	118	–	–	1	–
Euronext Brussels (Share code: ANG)
Euros per IDR:
Market price	– high	31.04	34.75	37.55	51.00	41.30
	– low	16.83	10.58	25.90	28.10	24.50
	– year end	27.85	19.05	30.00	36.00	41.30
IDRs traded	– 000	807	681	704	1,028	711
Each IDR is equal to one ordinary share
New York Stock Exchange (Share code: AU)
US dollars per ADS:
Market price	– high	47.52	51.35	49.88	62.20	49.88
	– low	27.88	13.37	33.80	35.58	30.50
	– year end	40.18	27.71	42.81	47.09	49.33
ADSs traded	– 000	706,541	588,403	352,041	348,040	191,698
Each ADS is equal to one ordinary share
Australian Stock Exchange (Share code: AGG)
Australian dollars per CDI:
Market price	– high	11.50	11.31	12.37	16.40	13.60
	– low	6.80	4.25	8.85	9.75	7.95
	– year end	9.00	7.60	10.10	11.90	13.40
CDIs traded	– 000	6,574	5,854	14,993	5,424	13,691
Each CDI is equal to one-fifth of one ordinary share
Ghana Stock Exchange (Share code: AADS) (listing commenced 27 April 2004)
Cedis per GhDS: (2)
Market price	– high	0.35	0.35	0.30	0.31	0.30
	– low	0.30	0.35	0.30	0.30	0.30
	– year end	0.30	0.35	0.30	0.31	0.30
GhDSs traded	– 000	477	183	–	–	20
Each GhDS is equal to one-hundredth of one original share

⁽¹⁾ Clearing House Electronic Sub-register System.

⁽²⁾ Adjusted to address change in currency.

Shareholders’ diary

Financial year-end		31 December 2009
Annual financial statements	posting on or about	26 March 2010
Annual general meeting	11:00 SA time	7 May 2010
Quarterly reports		Released on or about
– Quarter ended 31 March 2010		7 May 2010
– Quarter ended 30 June 2010		12 August 2010
– Quarter ended 30 September 2010		11 November 2010
– Quarter ended 31 December 2010		*10 February 2011

* Approximate dates.

Dividends

Dividend number	Date dividend declared	Last date to trade ordinary shares cum dividend	Payment date to shareholders	Payment date to ADS holders
Interim  – number 106	29 July 2009	14 August 2009	28 August 2009	8 September 2009
Final– number 107	16 February 2009	5 March 2010	19 March 2010	29 March 2010
Interim – number 108	*10 August 2010	*27 August 2010	*10 September 2010	*20 September 2010

*Approximate dates.

Dividend policy

Dividends are proposed by, and approved by the board of directors of AngloGold Ashanti, based on the interim and year-end financial statements. Dividends are recognised when declared by the board of directors of AngloGold Ashanti. 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 payments of future dividends will depend upon the Board’s ongoing assessment of AngloGold Ashanti’s earnings, after providing for long term growth and cash/debt resources, the amount of reserves available for dividend using going concern assessment and restrictions placed by the conditions of line convertible bond and other debt facilities and other factors.

Withholding tax

On 21 February 2007, the South African Government announced a proposal to replace the Secondary Tax on Companies with a 10% withholding tax on dividends and other distributions payable to shareholders. This proposal is expected to be implemented in 2010. Although this may reduce the tax payable by the South African operations of the group, thereby increasing distributable earnings, the withholding tax will generally reduce the amount of dividends or other distributions received by AngloGold Ashanti shareholders.

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 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 articles of association provide that every member present at a meeting in person or, in the case of a body corporate, represented, is entitled to one vote only on a show of hands. Upon a poll, members present or any 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.

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 its 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 financial statements

Should you wish to receive a printed copy of our 2009 annual financial statements, please request same from the contact persons listed at the end of this report or on the company’s website.