Principal subsidiaries and operating entities

For the year ended 31 December

	Country of incorporation		Shares held		Percentage held
					%	%
			2009	2008	2009	2008
Principal subsidiaries
AngloGold Ashanti Australia Limited	2		257,462,077	257,462,077	100	100
AngloGold Ashanti Holdings plc	7		3,785,771,334	3,373,171,254	100	100
AngloGold Ashanti Holdings Finance plc	7		100	100	100	100
AngloGold Offshore Investments Limited	4		5,000,000	5,000,000	100	100
AngloGold Ashanti USA Incorporated	11	}	234	234	100	100
			* 500	* 500
Operating entities (1)
AngloGold Ashanti Brasil Mineração Ltda	3		8,827,437,875	8,827,437,875	100	100
AngloGold Ashanti (Ghana) Limited	5		132,419,585	132,419,585	100	100
AngloGold Ashanti (Iduapriem) Limited	5		66,270	66,270	100	100
AngloGold Australia (Sunrise Dam) Pty Limited	2		2	2	100	100
AngloGold Namibia (Pty) Limited	9		10,000	10,000	100	100
Cerro Vanguardia S.A.	1		13,875,000	13,875,000	92.50	92.50
AngloGold Ashanti (Colorado) Corp (2)	11		1,250	1,250	67	67
Geita Gold Mining Limited	10		2	2	100	100
Mineração Serra Grande S.A.	3		499,999,996	499,999,997	50	50
Societ? Ashanti Goldfields de Guin?e S.A.	6		3,486,134	3,486,134	85	85
Soci?t? des Mines de Morila S.A. (3)	8		400	400	40	40
Soci?t? d’Exploitation des Mines d’Or de Sadiola S.A. (3) (4)	8		38,000	38,000	41	38
Soci?t? d’Exploitation des Mines d’Or de Yatela S.A. (3)	8		400	400	40	40
Teberebie Goldfields Limited	5		2,066,667	2,066,667	100	100

* Indicates preference shares

Principal subsidiaries are those subsidiaries that hold material contracts and/or act as borrowers and/or guarantors of such material contracts.

⁽¹⁾All the operating mines in South Africa, namely Great Noligwa, Kopanang, Moab Khotsong, Tau Lekoa, Mponeng, Savuka and TauTona, are all held by the parent company, AngloGold Ashanti Limited.

⁽²⁾Operates the Cripple Creek & Victor gold mine, a wholly-owned operation.

⁽³⁾Represents a joint venture entity.

⁽⁴⁾Effective 29 December 2009, AngloGold Ashanti increased its interest from 38% to 41%.

Country of incorporation – key
1	Argentina	7	Isle of Man
2	Australia	8	Mali
3	Brazil	9	Namibia
4	British Virgin Islands (BVI)	10	Tanzania
5	Ghana	11	Unites States of America
6	Republic of Guinea

The aggregate interest in the net profits and losses in subsidiaries are as follows:

US Dollar millions	2009	2008
Net profits	1,090	228
Net losses	(1,449)	(1,622)
	(359)	(1,394)