Response to Scorecard

Anglo American PLC 19 February 2003 News Release 19 February 2003 Anglo American plc ("Anglo American") responds to publication of scorecard Anglo American welcomes the publication of the scorecard, which has been the subject of a lengthy period of consultation between the industry and the South African Department of Mineral and Energy Affairs over the last seven months. Anglo American, through its subsidiaries and associates, believes that a workable solution has been achieved and further believes that its operations are broadly compliant with the objectives set out in the scorecard. In particular, Anglo American has made significant progress towards attaining the 15% equity ownership level through a number of major black economic empowerment initiatives. The attainment of the 26% target in ten years will require further empowerment transactions for value during that period. Tony Trahar, Chief Executive of Anglo American said, "The publishing of the scorecard is a very significant step towards removing the uncertainty that has existed regarding empowerment targets in the South African mining sector. We will aim to meet the targets set out in the Mining Charter within the specified timeframe. To date Anglo American and its subsidiaries have made significant progress in achieving over $1.8 billion of black empowerment transactions and over $800 million of procurement from black owned businesses. We are fully supportive of the aims to broaden employment equity and HDSA influence and ownership within the mining industry". For further information: Anglo American - London Investor Relations Media Relations Nick von Schirnding Kate Aindow Tel: +44 207 698 8540 Tel: +44 207 698 8619 Anglo American - Johannesburg Investor Relations Media Relations Anne Dunn Marion Dixon Tel: +27 11 638 4730 Tel: +27 11 638 3001 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 gold, platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, industrial minerals and forest products. The group is geographically diverse, with operations in Africa, Europe, South and North America and Australia. (www.angloamerican.co.uk) This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings