Notification

Anglo American PLC 10 February 2006 News Release 10 February 2006 Anglo American plc notification: AngloGold Ashanti annual results 2005 Anglo American wishes to draw attention to AngloGold Ashanti's announcement of their annual results for the year ended 31 December 2005. Anglo American will report underlying earnings in respect of AngloGold Ashanti of US$105 million for the year ended 31 December 2005, which takes into account certain adjustments. AngloGold Ashanti $m IFRS adjusted headline earnings (published) 200 Exploration 45 Other adjustments 1 246 Minority interest (121) Depreciation on assets fair valued on acquisition (net of tax) (20) Contribution to Anglo American plc underlying earnings 105 Anglo American will report annual results for the year ended 31 December 2005 on 22 February 2006. The above figures are unaudited. Underlying Earnings In previous reporting periods the Group has reported Headline Earnings as its primary earnings measure, using the definition of Headline Earnings which is required to be disclosed by the Johannesburg Stock Exchange Limited ('JSE Ltd'), consistent with that given by the Institute of Investment Management and Research ('IIMR').(1) Following the adoption of International Financial Reporting Standards, as well as consideration of other restrictions of the definition, the Group believes that an alternative measure would provide a clearer picture of the underlying performance of the Group. Consequently, the Group has adopted 'Underlying Earnings' as its principal measure of earnings. Underlying Earnings is net profit attributable to equity shareholders, adjusted for the effect of special items and remeasurements, and any related tax and minority interests. Special items include those items of financial performance which the Group believes should be excluded from performance earnings, and principally relate to impairment and significant closure costs, exceptional legal provisions and profit or loss on disposals. Remeasurements include unrealised gains and losses on non-hedge derivative instruments that are recorded in the income statement. Headline Earnings and Headline EPS for the Group will also continue to be reported to comply with JSE Ltd listing requirements, and a full reconciliation will be provided between Underlying Earnings and Headline Earnings. -------------------------- (1) Statement of Investment Practice No. 1, September 1993. This information is provided by RNS The company news service from the London Stock Exchange
UK 100