/ 26 May 1999

DE BEERS BUYS ANGLOVAAL STAKE

DE BEERS Consolidated Mines Limited announced on Monday it is to acquire a 21,3% stake in Anglovaal Mining Limited for a total cash consideration of R745,5-million. The deal will be carried out as a block trade through the market, at a price of R35,00 per share. De Beers said it has no intention of increasing this at the moment.