Offer Update

Anglo American PLC
30 September 2004


News Release


30 September 2004






               Offer by Anglo American plc ("Anglo American") for

                        Johnston Group Plc ("Johnston")



Anglo American has now considered its position with respect to the OFT's
decision to refer the Offer by Anglo American for Johnston to the Competition
Commission.



Anglo American is disappointed that the OFT did not accept the divestment
undertakings proposed by Anglo American which Anglo American believes fully
address any competition concerns based on the position adopted by the OFT in
previous cases.



Notwithstanding this, Anglo American has determined that the Offer will lapse.
Anglo American will keep under review the Offer by Ennstone for Johnston and its
impact on the reference announced yesterday.












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