Anglogold Ld Directorate Change

 
TIDMAGD 
 
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 
 
7 July 2014 
 
NEWS RELEASE 
 
AngloGold Ashanti Appoints Christine Ramon as Incoming CFO 
 
(JOHANNESBURG - RELEASE) - AngloGold Ashanti is pleased to announce Christine 
Ramon will be taking the post of Chief Financial Officer and Executive Director 
of the Board, from October 1, 2014. She will replace Richard Duffy, who will 
then step down from both the Board and Executive Committee. 
 
The appointment of Ms. Ramon, a chartered accountant, follows a global search 
by the Board of Directors, as indicated in our press release of May 21, 2013. 
She was formerly the CFO at Sasol Limited, South Africa's largest publicly 
traded energy and chemicals company, for seven years until September of last 
year. 
 
"Christine is a seasoned CFO with an impressive depth of experience, who will 
lend an important dimension to our board and to the executive," Chairman Sipho 
Pityana said. "We are also fortunate that we will be able to call on the 
services of Richard Duffy, who brings almost three decades of experience in 
mining and finance across a range of disciplines and jurisdictions to assist 
with an orderly transition." 
 
"We are extremely pleased to have someone of Christine's calibre, standing and 
experience in this critical role as we continue to advance our strategy of 
continuing to improve sustainable cash flow and returns," Chief Executive 
Officer Srinivasan Venkatakrishnan said. "We are deeply grateful to Richard for 
bridging the CFO role at an important time, and also for the outstanding work 
he's done over the past 13 months, in helping fortify the balance sheet." 
 
Ms. Ramon, is currently a non-executive director on the board of 
Johannesburg-based telecommunications provider MTN Group, which has extensive 
operations across emerging markets in Africa and the Middle East. She also 
previously served on the board of South African state-owned transport company 
Transnet and was an executive director of media and entertainment group Johnnic 
Holdings Limited, among others. 
 
Ms. Ramon is a member of the South African Institute of Chartered Accountants, 
the Public Accountants' and Auditors Board and the Association for the 
Advancement of Black Accountants of South Africa.  She previously served as a 
member of the Standing Advisory Committee to the International Accounting 
Standards Board and currently serves as Deputy Chair of the Financial Reporting 
Standards Council of South Africa. 
 
About Christine Ramon 
 
Kandimathie Christine Ramon, 47, received her BCompt degree from The University 
of South Africa in 1988 and her BCompt Honours postgraduate degree from the 
same institution the following year. She was admitted as a Chartered Accountant 
the following year by the Public Accountants and Auditors' Board. Ms. Ramon 
completed her articles at Coopers & Lybrand, where she worked from 1985 to 
1994, in various positions and countries, including merger & acquisition work 
in the extractive sector. She rose to the post of Audit Manager and also 
received a secondment as the Deputy Finance Director to the Independent 
Electoral Commission during South Africa's first democratic elections. Her 
career has also spanned manufacturing and retail, as financial controller at 
New Age Beverages, and media, where she held the posts of Finance Director and 
later also Chief Executive Officer, of Johnnic Holdings Limited. Between 2006 
and 2013, Ms. Ramon was CFO of Sasol, where she was an executive director and 
member of the group executive committee. Sasol, listed in Johannesburg and New 
York with a market capitalisation of about $35bn, has a suite of projects and 
about 34,000 employees in various jurisdictions around the globe, including the 
US, Canada, China, Uzbekistan and Qatar. She sat on the board of several Sasol 
subsidiaries, and also held accountability for formulation and execution of 
group organisational strategy, capital markets work, treasury and financing, 
and also global taxation, among others.  In 2007 Christine was nominated by the 
World Economic Forum as a young global leader and between 2011 and 2013 served 
as the Chair of the CFO Forum of South Africa. 
 
ENDS 
 
Contacts 
 
Media 
 
Chris Nthite                    [phone]     [e-mail] 
                                6388/+27 (0) 83 
                                301 2481 
 
Stewart Bailey                  [phone] /  [e-mail] 
                                [phone]# 
 
General inquiries                                  [e-mail] 
 
Investors 
 
Stewart Bailey           +27 81 032     [e-mail] 
                         2563 / +27 11 
                         637 6031 
 
Sabrina Brockman (US &   +1 (212) 858   [e-mail] 
Canada)                  7702 / +1 646 
                         379 2555 
 
Fundisa Mgidi (South     [phone] [e-mail] 
Africa)                  / +27 82 821 
                         5322 
 
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, cash costs, all-in sustaining costs, cost savings and other 
operating results, return on equity, productivity improvements, growth 
prospects and outlook of AngloGold Ashanti's 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 and 
dispositions, AngloGold Ashanti's liquidity and capital resources and capital 
expenditures and the outcome and consequences of any potential or pending 
litigation or regulatory proceedings or environmental, health, and safety 
issues, are forward-looking statements regarding AngloGold Ashanti's 
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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, and 
business and operational risk management. For a discussion of such risk 
factors, refer to AngloGold Ashanti's annual report on Form 20-F for the year 
ended 31 December 2013 which was filed with the United States Securities and 
Exchange Commission ("SEC") on 14 April 2014. 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 
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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 
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acting on its behalf are qualified by the cautionary statements herein. 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. 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. 
 
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 
 
 
 
 
 
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