/ 26 November 1999

ANGLO MAKING HEADWAY IN ACACIA BID

ANGLOGOLD said on Friday that it has already been offered 24,6% of the issued capital of Australian gold miner Acacia Resources in terms of its takeover offer. “We are delighted with this positive early response from the Acacia shareholders,” AngloGold CEO Bobby Godsell said in a statement. AngloGold has offered 3,5 of its shares for every 100 Acacia shares, a 24% premium to the share price before the bid, and a 41% premium on the price before fellow Australian gold miner Delta Gold made an unsuccessful bid.