Subsidiary Interim Results

Anglo American PLC
27 July 2006


27 July 2006


                        Anglo American plc notification:
                Highveld Steel and Vanadium interim results 2006


Anglo American wishes to draw attention to Highveld Steel and Vanadium's
announcement of their interim results for the period ended 30 June 2006.

Anglo American will report underlying earnings in respect of Highveld of US$48
million for the period ended 30 June 2006, which takes into account certain
adjustments.


Highveld Steel and Vanadium Corporation Limited                         $m

IFRS headline earnings (US dollar equivalent of published)              64
Other adjustments                                                       (3)
                                                                        61
Minority interest                                                      (13)
Contribution to Anglo American plc underlying earnings                  48


Anglo American will report interim results for the period ended 30 June 2006 on
4 August 2006.

The above figures are unaudited.


Underlying 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 underlying financial
performance, and principally relate to impairment and significant closure costs,
exceptional legal provisions and profit or loss on disposals. Remeasurements
include adjustments to ensure that the unrealised gains or losses on non-hedge
derivative instruments are recorded in underlying earnings in the same period as
the underlying transaction against which these instruments provide an economic,
but not formally designated, hedge.



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