AngloGold Ashanti Updates Second Quarter Guidance

JOHANNESBURG, SOUTH AFRICA, Jul 14 (MARKET WIRE) --
AngloGold Ashanti (NYSE: AU) updates second quarter guidance

On 31 March 2009 AngloGold Ashanti guided second quarter production of
1.140Moz, with cash costs in a range of $465/oz to $485/oz, depending on
currency assumptions. The company will report production of 1.127Moz for
the second quarter, 1% below forecast, with cash costs within the guided
range.

The slightly lower production is due to a number of safety-related
stoppages at the Vaal River mines, and the closure on 22 May of Savuka
mine due to a series of seismic events which damaged the sub-shaft
infrastructure, as previously disclosed. Offsetting these production
shortfalls are improved performances from Obuasi in Ghana and Geita in
Tanzania, together with continued strong performances from Mponeng and
TauTona in South Africa and the company's South American operations. The
other operations in Africa, Australia and North America performed in line
with expectations.

AngloGold Ashanti will release full second quarter results on 31 July
2009.

Certain statements made in this communication, including, without
limitation, those concerning AngloGold Ashanti's strategy to reduce its
gold hedging position including the extent and effects of the reduction,
the economic outlook for the gold mining industry, expectations regarding
gold prices, production, cash costs and other operating results, growth
prospects and outlook of AngloGold Ashanti's operations, individually or in
the aggregate, including the completion and commencement of commercial
operations of certain of AngloGold Ashanti's exploration and production
projects and completion of acquisitions and dispositions, AngloGold
Ashanti's liquidity and capital resources, and expenditure and the outcome
and consequences of any pending litigation proceedings, contain certain
forward-looking statements regarding AngloGold Ashanti's operations,
economic performance and financial condition. Although AngloGold Ashanti
believes that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove
to have been correct. Accordingly, results could differ materially from
those set out in the forward-looking statements as a result of, among other
factors, changes in economic and market conditions, success of business and
operating initiatives, changes in the regulatory environment and other
government actions, fluctuations in gold prices and exchange rates, and
business and operational risk management. For a discussion of such factors,
refer to AngloGold Ashanti's annual report for the year ended 31 December
2008, which was distributed to shareholders on 27 March 2009 and the
company's annual report on Form 20-F, filed with the Securities and
Exchange Commission in the United States on May 5, 2009 as amended on May
6, 2009. AngloGold Ashanti undertakes no obligation to update publicly or
release any revisions to these forward-looking statements to reflect events
or circumstances after today's date or to reflect the occurrence of
unanticipated events. All subsequent written or oral forward-looking
statements attributable to AngloGold Ashanti or any person acting on its
behalf are qualified by the cautionary statements herein.

AngloGold Ashanti posts information that is important to investors on the
main page of its website at www.anglogoldashanti.com and under the
"Investors" tab on the main page. This information is updated regularly.
Investors should visit this website to obtain important information about
AngloGold Ashanti.

Contacts

Sicelo Ntuli (Investors)
Tel: +27 (0) 11 637 6339
Mobile: +27 (0) 71 608 0991
E-mail: Email Contact

Stewart Bailey (Investors)
Tel: +1 212 836 4303
Mobile: +1 646 717 3978
E-mail: Email Contact

Alan Fine (Media)
Tel: +27 (0) 11 637 6383
Mobile: +27 (0) 83 250 0757
E-mail: Email Contact

Joanne Jones (Media)
Tel: +27 (0) 11 637-6813
Mobile: +27 (0) 82 896 0306
E-mail: Email Contact

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