You must read the following disclaimer before continuing.
The following disclaimer applies to the attached offer to purchase (as it may be supplemented or amended from time to time, the Offer to Purchase) and you are
therefore required to read this disclaimer page carefully before accessing, reading or making any other use of the Offer to Purchase. By accessing, reading or
making any other use of the Offer to Purchase, you agree (in addition to giving the representations below) to be bound by the following terms and conditions,
including any modifications to them from time to time, each time you receive any information from AngloGold Ashanti Holdings plc (the Offeror) and Barclays Bank PLC, BNP Paribas, J.P. Morgan Securities plc, Merrill Lynch
International (the Dealer Managers) and/or D.F. King (the Information & Tender Agent), as a result of such access. Capitalized terms used but not
otherwise defined in this disclaimer shall have the meaning given to them in the Offer to Purchase.
Confirmation of your representation:
In order to be eligible to view the attached Offer to Purchase or make an investment decision with respect to the Offer, you must be able to participate lawfully
in the offer by the Offeror to Holders of the Securities (as defined below) to tender their Securities for purchase for cash (the Offer) on the terms and subject
to the conditions set out in the Offer to Purchase, including the offer and distribution restrictions set out therein (the Offer and Distribution Restrictions).
The Offer to Purchase was made available to you at your request and by accessing the Offer to Purchase you shall be deemed to have represented to the Offeror,
the Dealer Managers and the Information & Tender Agent that:
you are a Holder or a beneficial owner of the Offerors
5.125% notes due 2022 (CUSIP: 03512TAC5; ISIN: US03512TAC53)
you are a person to whom it is lawful to send (or make available) the attached Offer to Purchase or to make an invitation pursuant to the Offer under all
applicable laws, including the Offer and Distribution Restrictions; and
you consent to delivery of the Offer to Purchase to you by electronic transmission.
The Offer to Purchase has been made available to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed
during the process of transmission and consequently none of the Offeror, the Dealer Managers, the Information & Tender Agent or any person who controls, or any
director, officer, employee, agent or affiliate of, any such person accepts any liability or responsibility whatsoever in respect of any difference between the
Offer to Purchase distributed to you in electronic format and the hard copy version available to you on request from the Dealer Managers or the Information &
The Offer to Purchase has been made available to you on the basis that you may not, nor are you authorized to, deliver or make available the Offer to Purchase to any other person or to reproduce the Offer to Purchase in any manner whatsoever.
Any materials relating to the Offer do not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or
solicitations are not permitted by law. In those jurisdictions where securities or other laws require the Offer to be made by a licensed broker or dealer and any
of the Dealer Managers or, where the context so requires, any of their respective affiliates is such a licensed broker or dealer in that jurisdiction, the Offer
shall be deemed to be made on behalf of the Offeror by such Dealer Manager or affiliate (as the case may be) in such jurisdiction.
The Offer to Purchase does not constitute an offer to purchase any Securities in any jurisdiction in which, or to or from any person to or from whom, it is unlawful
to make such offer under applicable securities or blue sky or other laws. The distribution of the Offer to Purchase in certain jurisdictions may be restricted by
law. Persons into whose possession the Offer to Purchase comes are required by the Offeror, the Dealer Managers and the Information & Tender Agent to inform
themselves about, and to observe, any such restrictions.
The statements made in the Offer to Purchase are made as of the date on the cover page. The delivery of the Offer to Purchase or the Notice of Guaranteed
Delivery shall not under any circumstances create any implication that the information contained herein is correct as of a later date or that there has been
no change in such information or in the affairs of the Offeror or any of its subsidiaries or affiliates since such dates.
No dealer, salesperson or other person has been authorized to give any information or to make any representation not contained in the Offer to Purchase and,
if given or made, such information or representation may not be relied upon as having been authorized by the Offeror or Dealer Managers or the
Information & Tender Agent. None of the Offeror, the Dealer Managers or the Information & Tender Agent takes any responsibility for, or can provide any assurance
as to the validity of, any other information that others may give you.
You are responsible for protecting against viruses and other destructive items.
Your use of this electronic communication is at your own risk. It is your responsibility to take precautions to ensure that this electronic communication is free
from viruses and other items of a destructive nature.