AngloGold Ashanti : Q1 2021 - Market Update Presentation (5.6m)

Q1 2021 RESULTS

10 May 2021

DISCLAIMER

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti Limited's (the "Company", "AngloGold Ashanti", "AGA") operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures and the outcome and consequence of any potential or pending litigation or regulatory proceedings or environmental health and safety issues, are forward-looking statements regarding AngloGold Ashanti's operations, economic performance and financial condition. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts 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, social and political and market conditions, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), and other business and operational risks and other factors. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year ended 31 December 2020, filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance on forward looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. 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.

Non-GAAP financial measures

This communication may contain certain "Non-GAAP" financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.

The information on this page and in the Financial and Operating Report relates to the continuing operations of the AngloGold Ashanti group, unless otherwise indicated.

Website: www.anglogoldashanti.com

Photographs showing employees and / or community members in this presentation were taken prior to the onset of the COVID-19 pandemic.

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AGENDA

Christine Ramon

Introduction & Strategy

Ian Kramer

Financials

Sicelo Ntuli

Africa

Ludwig Eybers

International

Graham Ehm

Group Planning & Technical

Christine Ramon

Conclusion

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Christine Ramon	01
Introduction & Strategy

AngloGold Ashanti continued to make progress on delivery of its strategic priorities.

PRIORITISING HEALTH AND SAFETY OF OUR PEOPLE AND COMMUNITIES

Working towards zero harm, excellence in environmental stewardship and community development

SAFETY	COVID-19 RESPONSE
	Contributing to the global effort to stop the
All-injury frequency rate*	spread and provide public health and
economic relief to local communities
per million hours worked

5						Proactive steps to protect:
4
3						Employees:
2						• Increased screening and surveillance
1						• Stopped nonessential travel
0						• Mandatory quarantine for arriving travelers
2012 2013 2014 2015 2016 2017 2018 2019 2020	Q1	• Increased hygiene awareness across
*AIFR numbers have been rebased to exclude SA operations	2021	operations
Fatalities					Host communities:
25						• Helped local communities and
20
					Governments bolster their responses to
15						the outbreak
10						The business:
5
0						• The impact from COVID-19 in Q1 2021
2012	2013	2014	2015 2016 2017 2018 2019	2020	Q1	on total production was estimated at
					2021	4,000oz, and $29/oz on AISC**, an
						impact on costs of around 2%

**AISC World Gold Council standard

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