ANGLOGOLD ASHANTI LIMITED – TAU LEKOA – FINALISATION OF SALE

AngloGold Ashanti Limited  (Incorporated in the Republic of South Africa  Reg. No. 1944/017354/06)  ISIN No. ZAE000043485 - JSE share code: ANG  CUSIP: 035128206 - NYSE share code: AU  Website: www.anglogoldashanti.com  News Release  21 July 2010  TAU LEKOA - FINALISATION OF SALE  AngloGold Ashanti is pleased to announce that the Department of Mineral Resources has transferred the mining rights for its Tau Lekoa Mine to Buffelsfontein Gold Mines Limited, a wholly-owned subsidiary of Simmer & Jack Mines Limited (Simmers).  Full ownership of Tau Lekoa and the adjacent properties of Weltevreden and Goedgenoeg will pass to Simmers on 1 August 2010.  AngloGold Ashanti entered into an agreement with Simmers in February 2009 for the sale of Tau Lekoa and the adjacent properties of Weltevreden and Goedgenoeg for a total purchase consideration of:    * R600 million (payable at completion of the transaction and adjusted as set     out below); and    * a royalty determined at 3% of the net revenue (gross revenue less state     royalties) generated by the Tau Lekoa mine and any operations developed at     Weltevreden and Goedgenoeg.  The royalty will be payable quarterly, from     1 January 2010, until the total production from Tau Lekoa, Weltevreden or     Goedgenoeg upon which the royalty is paid is equal to 1.5 million ounces     and provided that the average quarterly rand price of gold is equal to or     exceeds R180,000/kg (in 1 January 2010 terms).  Full details of the agreement were published on 18 February 2009 and can be accessed on www.anglogoldashanti.com/Additional/Press/2009/Tau+Lekoa+Sale.htm  In terms of the agreement, Simmers will settle the R600 million purchase consideration payable at completion as follows:    * R450 million in cash; and    * the balance in cash or shares in Simmers.  This remaining R150 million is     subject to an offset adjustment (up to a maximum of R150 million) based on     the free cash flow generated by Tau Lekoa between 1 January 2009 and     31 July 2010 and including an offset for the royalty payable from 1 January     2010 to 30 June 2010.  This balancing amount will be determined based upon     a final audit of the July 2010 production figures.  From 1 August 2010, Simmers will treat all ore produced from Tau Lekoa, Weltevreden or Goedgenoeg at its own processing facilities. As a result AngloGold Ashanti will have increased processing capacity available allowing for the processing of additional material from its other Vaal River mines and surface sources.  This is expected to produce an estimated 7,000oz of gold for the remainder of this year.  Tau Lekoa produced 124,000oz of gold (equivalent to 2.7% of group production) in 2009.   ENDS  Contacts  Tel:              E-mail:  Alan Fine (Media) +27 (0) 11 637-  / +27 (0) 83 250 [email protected]                   6383               0757  Joanne Jones      +27 (0) 11 637-  / +27 (0) 82 896 [email protected] (Media)           6813               0306  Sicelo Ntuli      +27 (0) 11       / +27 (0) 71 608 [email protected] (Investors)       637-6339           0991  Stewart Bailey    +1 212 836 4303  / +1 646 338     [email protected] (Investors)       /                  4337                    +27 (0) 82 330                   9628  Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti's strategy to reduce its gold hedging position including the extent and effects of the reduction, the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the completion and commencement of commercial operations of certain of AngloGold Ashanti's exploration and production projects, the resumption of production at AngloGold Ashanti's mines in Ghana, the completion of announced mergers and acquisitions transactions, AngloGold Ashanti's liquidity and capital resources, and expenditure and the outcome and consequences of any litigation proceedings or environmental issues, contain certain forward-looking statements regarding AngloGold Ashanti's operations, economic performance and financial condition. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements 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 and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions including environmental approvals and actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a discussion of certain of these factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2009, which was distributed to shareholders on 30 March 2010.  The company's annual report on Form 20-F, was filed with the Securities and Exchange Commission in the United States on April 19, 2010 and as amended on May 18, 2010. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events.  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.  AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglogoldashanti.com and under the "Investors" tab on the main page.  This information is updated regularly.  Investors should visit this website to obtain important information about AngloGold Ashanti.   END