AngloGold Ashanti Limited ("AngloGold Ashanti") today announces that it hasentered into a US$1 billion term loan facility agreement (the "TermFacility") with Standard Chartered Bank to refinance its convertible bond.

The Term Facility is available to be drawn during February 2009 for thepurpose of repaying the US$1 billion convertible bond due on 27 February2009 issued by AngloGold Ashanti Holdings plc and guaranteed by AngloGoldAshanti. The Term Facility is for an initial one year period from the dateof the first drawdown in February 2009 and the Term Facility is extendable,if required, at the option of AngloGold Ashanti until 30 November 2010.

The terms and covenants of the Term Facility are similar to those ofAngloGold Ashanti's existing US$1.15 billion Revolving Credit Facility,save that the amounts drawn under the Term Facility will bear an interestmargin of 4.25 percent for the first six months after the first drawdownand 5.25 percent thereafter.

Commenting on the signing of the Term Facility, CEO Mark Cutifani said,"During our third quarter earnings release we said that we would beproactively addressing the refinancing of our convertible bond, and we arepleased that we have secured the refinancing well in advance of theconvertible bond becoming due and without seeking further support from ourshareholders. The terms of the Standard Chartered facility will, at a timewhen liquidity is scarce and markets are uncertain, improve our financialflexibility and provide management with additional time to secure a longerterm, cost-effective refinancing while continuing to optimise and enhanceoperations and grow cash flow.

In the extreme global financial market conditions we find ourselves in, weare encouraged by Standard Chartered Bank's support and commitment to ourbusiness and we are looking forward to building on this relationship intothe future."

Anil Dua, Head of Origination and Client Coverage, Africa at StandardChartered Bank commented: "The Bank differentiates its brand globallythrough its ability to leverage its international expertise to assist itsclients globally in our footprint. We are delighted to be the Mandated LeadArranger for this transaction and to play our part in continuing to assistthe sustainable economic development of all the countries we operate in."

Certain statements made in this communication, including, withoutlimitation, those concerning AngloGold Ashanti's strategy to reduce itsgold hedging position including the extent and effects of the reduction,the economic outlook for the gold mining industry, expectations regardinggold prices, production, cash costs and other operating results, growthprospects and outlook of AngloGold Ashanti's operations, individually orin the aggregate, including the completion and commencement of commercialoperations of certain of AngloGold Ashanti's exploration and productionprojects and completion of acquisitions and dispositions, AngloGoldAshanti's liquidity and capital resources, including its intentions andability to refinance its $1 billion convertible bond, and expenditure andthe outcome and consequences of any pending litigation proceedings,contain certain forward-looking statements regarding AngloGold Ashanti'soperations, economic performance and financial condition. AlthoughAngloGold Ashanti believes that the expectations reflected in suchforward-looking statements are reasonable, no assurance can be given thatsuch expectations will prove to have been correct. Accordingly, resultscould differ materially from those set out in the forward-lookingstatements as a result of, among other factors, changes in economic andmarket conditions, success of business and operating initiatives, changesin the regulatory environment and other government actions, fluctuationsin gold prices and exchange rates, and business and operational riskmanagement. For a discussion of such factors, refer to AngloGold Ashanti'sannual report for the year ended 31 December 2007, which was distributed toshareholders on 31 March 2008, and report to shareholders for the quarterand nine months ended 30 September 2008, which was distributed toshareholders on 30 October 2008. AngloGold Ashanti undertakes noobligation to update publicly or release any revisions to theseforward-looking statements to reflect events or circumstances aftertoday's date or to reflect the occurrence of unanticipated events. Allsubsequent written or oral forward-looking statements attributable toAngloGold Ashanti or any person acting on its behalf are qualified by thecautionary statements herein.

ContactsSouth AfricaHimesh Persotam (Investor Relations)Tel:+27 (0) 11 637-6647Mobile: +27 (0) 82 339 3890E-mail: Email ContactAlan Fine (Media)Tel: +27 (0) 11 637-6383Mobile: +27 (0) 83 250 0757E-mail: Email ContactJoanne Jones (Media)Tel: +27 (0) 11 637- 6813Mobile: +27 (0) 82 896 0306E-mail: Email Contact