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Merger Update: Circular to Shareholders

Thursday, March 04, 2004
Two copies of the circular issued today by Ashanti Goldfields Company Limited ('Ashanti') in connection with the recommended proposal for its merger with AngloGold Limited ('AngloGold') have been submitted for publication through, and will shortly be available for inspection at, the Document Viewing Facility of the UK Listing Authority which is situated at:

    The Financial Services Authority
    25 The North Colonnade
    Canary Wharf
    London E14 5HS
The documentation in relation to the merger is in the process of being distributed to Ashanti shareholders and they should expect to receive it within one week, subject to local postal arrangements.

There can be no assurance that a transaction with AngloGold will be completed. The implementation of the merger remains subject to, amongst other things, the approval by Ashanti shareholders and the confirmation of the scheme by the High Court.



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