Disposal

Anglo American PLC 07 June 2005 News Release 7 June 2005 Anglo American disposes of Boart Longyear Anglo American plc ("Anglo American") announces that it has agreed to sell the Boart Longyear Group, part of Anglo Ferrous Metals and Industries, to private equity group Advent International plc for an enterprise value of US$545 million. The consideration is payable in cash. On 2nd March 2005, Anglo American announced that it had received a number of approaches for the purchase of the Boart Longyear Group, a leading provider of drilling services, tools and equipment for the natural resource, construction and quarrying industries and industrial markets worldwide, and had, accordingly, undertaken a formal process to determine whether shareholder value would be maximised by the sale of the group. Together with the sale of Wendt (part of the Boart Longyear Group of businesses), which was announced on 31st March 2005, the total enterprise value achieved from the process amounts to US$635 million, which will be used for general corporate purposes. In 2004, Boart Longyear reported EBIT of US$67 million. Tony Trahar, CEO of Anglo American said, "This transaction is part of our ongoing strategy of optimising our asset base." For further information: Anglo American - London Investor Relations Media Relations Charles Gordon Kate Aindow Tel: +44 207 968 8933 Tel: +44 207 968 8619 Anglo American - Johannesburg Investor Relations Media Relations Anne Dunn Daniel Ngwepe Tel: +27 11 638 4730 Tel: +27 11 638 2267 Notes to Editors: Anglo American plc is one of the world's largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals, gold and diamonds, with significant interests in coal, base and ferrous metals, industrial minerals and paper and packaging. The group is geographically diverse, with operations in Africa, Europe, South and North America, Australia and Asia. (www.angloamerican.co.uk) This information is provided by RNS The company news service from the London Stock Exchange
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