1. ANGLO AMERICAN CHINA : A NEW WORLD September 2004

2. Anglo American Anglo Gold 51% Anglo Platinum 74,9% Anglo Coal 100% BaseMetals 100% Anglo Industrial Minerals 100% Anglo Ferrous and Industries 100% Anglo Paper and Packaging 100% 45% De Beers Anglo Base Metals 100%

3. Location

4. More than 60 years involvement with China Committed to : - developing world class capabilities in China - positively contributing to local communities Expertise to maximize efficiency of natural resources with highest sustainable development standards

5. 1950’sFirst business contacts made – De Beers industrial diamonds to Chinese customers 1987De Beers begins trial advertising on TV to promote diamond jewellery in China 1987MD of De Beers visits Beijing and meets Vice Premier ZOU Jiahua and State Councillor GAN Ziyu 1994Tarmac begins operations in China 1997Meeting with Vice Minister JIANG Chengsong in Beijing to discuss base metal and gold exploration 1997Boart Longyear establishes JV factory in Wuxi to produce drilling equipment History

6. 2003 Anglo Coal opens representative office in Beijing Anglo American acquires controlling interest in Kumba Resources Paper and Packaging acquires paper product factories in Guangdong Tarmac acquires Huzhou limestone quarry in Zhejiang 2002Meeting with Premier ZHU Rongji in Johannesburg Anglo opens representative office in Beijing History

7. 2004 AngloGold opens representative office in Beijing Neusiedler opens representative office in Shanghai Anglo CEO visits China Anglo Coal signs contract to explore for coal in Xiwan province

8. Anglo American sales to China : 2002 :US$700m 2003 :US$ 1bn Products include : - Platinum group metals – jewellery and autocatalys - Iron ore -Copper, lead, zircon, zinc oxide -Coal -Gold -Diamonds -Industrial sacks -Drilling tools -Asphalt Sales

9. Anglo Coal Office in Beijing Exploration of Xiwan coal lease with Shaanxi Coalfield Geology Bureau Ongoing discussions Operations Anglo Gold Ashanti Office in Beijing In contact with provincial geological bureaus and domestic enterprises Assessing gold potential, business environment and potential partnerships

10. Anglo Platinum (74,9%) Ongoing discussions Valuable pgm market Tarmac (Industrial Minerals) 3 asphalt production companies in Shanghai Aggregates plant in Zhejiang – production from September 2004 Operations

11. Boart Longyear (mining and drilling services) Plant in Wuxi (110km north west of Shanghai) produces hard rock drilling consumables and tungsten carbide products 50% export, 50% domestic sales Partner: China Geological Machinery and Instruments Industry Corporation Operations

12. Anglo Paper and Packaging Frantschach - major customer Shi Jing, Guangdong province, produces 60m industrial paper sacks for cement industry from 3 plants Nieusiedler - opens Shanghai office this year - focus on sales of premium and speciality papers into China - looking for investment opportunities in existing production assets Operations

13. Exploration Main opportunities in nickel Looking for right project Building relationships with central government agencies Kumba Resources De Beers Membership of Shanghai Diamond Exchange for rough and polished Zinc refinery in Inner Mongolia US$10m investment in Qingdao Port Sells US$130m of iron ore to China each year

14. No value adding opportunities at present Focus on selling copper cathode and copper concentrates Relationship with Minmetals, a major state controlled metals trading company 2003 : first trial shipment of lead and copper concentrates to China from Black Mountain 2004 : 26,000 Mt of lead and copper concentrates contracted for delivery to Chinese buyers Anglo Base Metals Operations