Convertible Bond Election

Anglo American PLC
14 May 2002



                               Anglo American plc
    (incorporated and registered in England and Wales with registered number
                                    3564138)

                               U.S.$1,100,000,000
            3 3/8 per cent. Convertible Bonds due 2007 (the 'Bonds')
                           Issue Price: 100 per cent.

                                Election Notice


                This Election Notice is given in accordance with Condition 7(a)
                of the Bonds.


                Anglo American plc (the "Issuer") hereby gives notice that on
                and with effect from 28 May 2002, the Cash Conversion Right
                shall cease and each holder of a Bond shall have the right to
                convert such Bond into ordinary shares of the Issuer in
                accordance with Condition 7(a) of the Bonds.


                                       Anglo American plc

          Dated: 14 May, 2002



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