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 issued share capital of the company:

  Ordinary shares held
  31 December 2010 31 December 2009
  Number % Number %
The Bank of New York Mellon*  167,587,981 43.96 176,762,305 48.79
Paulson & Co., Inc  41,000,000 10.76 42,849,864 11.83
Allan Gray Unit Trust Management Limited  31,668,339 8.31 36,689,809 10.13
Fidelity Management & Research  28,383,749 7.45 –  – 
  1. *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 2010 were:

  Ordinary shares held
  Number %
1. Paulson & Co., Inc.  41,000,000 10.76
2. Allan Gray Unit Trust Management Limited  31,668,339 8.31
3 Fidelity Management & Research  28,383,749 7.45
4. Public Investment Corp. of South Africa  15,593,017 4.09
5. NWQ Investment Management Co. LLC  12,640,631 3.32
6. Tradewinds Global Investors LLC  11,705,520 3.07
7. Government of Ghana  11,257,076 2.95
8. Van Eck Global  11,182,828 2.93
9. Wellington Management Co. LLP  10,509,892 2.76
10. Blackrock Investment Management (UK) Limited  9,822,590 2.58
11. First State Investments International (UK) Limited  9,321,479 2.45
12. Vanguard Group, Inc.  8,055,711 2.11
13. Blackrock Fund Advisors  8,023,092 2.10
14. Franklin Advisers, Inc.  6,966,175 1.83
15. Investec Asset Management (Pty) Limited (South Africa)  6,793,209 1.78
16. Comgest SA  6,741,104 1.77
17. Government of Singapore Investment Corp. Pte Limited  6,061,592 1.59
18. Old Mutual Investment Group South Africa (Pty) Limited  5,489,024 1.44
19. Capital International Research & Management  4,535,237 1.19
20. Northern Cross LLC  4,458,584 1.17

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

Analysis of ordinary shareholdings as at 31 December 2010

Size of shareholding Number of
shareholders		 % of total
shareholders		 Number of
shares issued		 % of
shares issued
1 –  100 2,649 29.27 143,122 0.04
101 –  500 3,841 42.45 868,124 0.23
501 –  1,000 728 8.05 545,931 0.14
1,001 –  5,000 851 9.40 1,926,182 0.51
5,001 –  10,000 192 2.12 1,387,139 0.36
10,001 –  100,000 581 6.42 20,825,694 5.46
Over 100,000 207 2.29 355,507,888 93.26
Total 9,049 100.00 381,204,080 100.00

Shareholder spread at 31 December 2010

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:
– Directors26,1350.00740.04
– Strategic holdings11,257,0762.9510.01
Public shareholders369,920,86997.049,04499.95
Total381,204,080100.009,049100.00
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

2010 2009 2008 2007 2006
JSE (Share code: ANG)
Rands per share:		          
Market price – high 366.31 369.00 349.00 358.89 387.00
  – low 266.40 232.06 150.11 254.00 247.00
  – year end 326.90 306.29 252.00 293.00 329.99
Shares traded – 000 270,652 376,590 306,655 216,717 131,476
London Stock Exchange (Share code: AGD)
Pounds per share:		          
Market price – high 32.32 28.53 23.08 23.15 34.72
  – low 23.15 16.64 9.93 18.43 17.50
  – year end 31.79 27.06 16.66 21.25 20.55
Shares traded – 000 2,359 643 5 648 421
Euronext Paris (Share code: VA)
Euros per share:		          
Market price – high 38.50 31.40 34.79 37.95 52.15
  – low 25.35 17.54 10.46 25.21 28.00
  – year end 36.58 28.85 18.20 29.05 35.40
Shares traded – 000 723 1,102 1,926 1,609 1,209
Ghana Stock Exchange (Share code: AGA)
(listing commenced 27 April 2004)
Ghana Cedis per share: (2)		          
Market price – high 34.00 30.00 30.00 30.00 30.00
  – low 30.00 30.00 30.00 30.00 30.00
  – year end 34.00 30.00 30.00 30.00 30.00
Shares traded – 000 9 118 – – 1
Euronext Brussels (Share code: ANG)
Euros per IDR:		          
Market price – high 38.00 31.04 34.75 37.55 51.00
  – low 25.23 16.83 10.58 25.90 28.10
  – year end 36.10 27.85 19.05 30.00 36.00
IDRs traded – 000 596 807 681 704 1,028
Each IDR is equal to one ordinary share          
New York Stock Exchange (Share code: AU)
US dollars per ADS:		          
Market price – high 52.86 47.52 51.35 49.88 62.20
  – low 34.11 27.88 13.37 33.80 35.58
  – year end 49.23 40.18 27.71 42.81 47.09
ADSs traded – 000 504,186 706,541 588,403 352,041 348,040
Each ADS is equal to one ordinary share          
Australian Securities Exchange (Share code: AGG)
Australian dollars per CDI:		        
Market price – high 10.50 11.50 11.31 12.37 16.40
  – low 7.65 6.80 4.25 8.85 9.75
  – year end 9.84 9.00 7.60 10.10 11.90
CDIs traded – 000 6,023 6,574 5,854 14,993 5,424
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 0.35 0.35 0.30 0.31
  – low 0.30 0.30 0.35 0.30 0.30
  – year end 0.60 0.30 0.35 0.30 0.31
GhDSs traded – 000 921 477 183 – –
Each GhDS is equal to one-hundredth of one ordinary share        

(1) Clearing House Electronic Sub-register System.
(2) Adjusted to address change in currency.

Shareholders' diary

Financial year-end  31 December 2010
Annual financial statements  posting on or about  31 March 2011
Annual general meeting  11:00 SA time  11 May 2011
Quarterly reports  Released on or about 
– Quarter ended 31 March 2011  11 May 2011
– Quarter ended 30 June 2011  1 August 2011
– Quarter ended 30 September 2011  1 November 2011
– Quarter ended 31 December 2011  *16 February 2012 

* 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 108 10 August 2010 27 August 2010 10 September 2010 20 September 2010
Final – number 109 15 February 2011 4 March 2011 18 March 2011 28 March 2011
Interim – number 110 *2 August 2011 *19 August 2011 *2 September 2011 *12 September 2011

* 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 the convertible bonds 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. The date for the implementation of the withholding tax on dividends has now been announced as 1 April 2012. Although this may reduce the tax payable by the South African operations of the group, thereby increasing distributable earnings, the withholding tax on dividends 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 receive 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 2010 annual financial statements, please request same from the contact persons listed under contact details.

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