Minorco S.A. - Re Posting of Listing Partics

RNS No 6596x
MINORCO S.A.
ANGLO AMERICAN CORPORATION OF SOUTH AFRICA LTD
26th January 1999

Not for release or distribution in or into the United States, Canada,
Australia or Japan

ANGLO AMERICAN CORPORATION OF SOUTH AFRICA LTD (AAC) AND MINORCO TO POST
LISTING PARTICULARS TO SHAREHOLDERS IN APRIL 1999

On 15 October 1998, AAC and Minorco announced that their respective Boards had
agreed in principle to combine the businesses of the two companies to form a
new UK domiciled company, Anglo American plc (AA plc).  At the time of the
announcement it was indicated that the relevant documentation, in particular
the Listing Particulars of AA plc, would be posted to shareholders in early
1999 with a listing by the end of the first quarter of 1999 and entry into the
FTSE 100 index around the end of June 1999.  

At the time of the announcement a number of proposals were announced in
respect of both AAC and Minorco relating to a simplified corporate structure
and the disposal of a number of non-core assets. The number and complexity of
transactions required that a multi-step process would need to take place in
order to effect the goals of a simpler, more focused structure.

Significant progress has been made in terms of the above transactions, a
number of which have been finalised as announced recently by both AAC and
Minorco.  However, in order to ensure an orderly completion of the remaining
transactions it has been agreed to defer the posting of the Listing
Particulars to the end of April 1999.  On this basis, the listing of AA plc is
expected to occur by the end of May 1999 and, based on the current market
price of AAC, AA plc would be admitted to the FTSE 100 index, as envisaged,
around the end of June 1999, following the FTSE Review Meeting in early June.

As a result of the revised posting date of the Listing Particulars, audited
financial results for the financial year ended 31 December 1998 in respect of
both companies, which would not have been available in respect of the previous
timetable, will now be included.  This will mean that the Listing Particulars
will now contain pro-forma financial information for AA plc relating to the
twelve months ended 31 December 1998. 

No change in terms is envisaged in respect of the offer by AA plc to the
shareholders of AAC and Minorco, as announced on 15 October 1998. 


Enquiries:

Michael Spicer                                   Nick von Schirnding
Anglo American Corporation                       Minorco
[phone]                                  [phone]
[phone]                                   

Anne Dunn
Anglo American Corporation
[phone]
[phone]


This announcement is not an extension of the public offer by AA plc in respect
of all the shares in Minorco (the "Offer"), directly or indirectly, in or
into, by use of the mails or any means or instrumentality (including, without
limitation, facsimile transmission, telex or telephone) of interstate or
foreign commerce of, or any facilities of a national securities exchange of,
the United States, Canada, Australia, or Japan and the Offer is not capable of
acceptance by any such use, means or instrumentality or facilities or from
within the United States, Canada, Australia, or Japan.  The shares in AA plc
to be offered under the Offer have not been, and will not be, registered under
the United States Securities Act of 1933 as amended nor under the laws of any
State of the United States (and the relevant clearances have not been, and
will not be, obtained from the relevant authorities in Canada, Australia, and
Japan) and may not be offered, sold, re-sold or delivered, directly or
indirectly, in or into the United States, Canada, Australia, or Japan or to a
US person (as that expression is defined in Regulation S under the Securities
Act), except pursuant to exemptions from the applicable requirements of such
jurisdictions.  Accordingly copies of this announcement are not being and the
Offer document, the listing particulars relating to the shares in AA plc and
the form of acceptance relating to the Offer will not be, and should not be,
mailed or otherwise forwarded or distributed or sent in or into the United
States, Canada, Australia, or Japan.

This announcement does not constitute or form part of any offer or invitation
to sell or issue, or any solicitation or any offer to purchase or subscribe
for, any shares in AA plc, nor shall it (or any part of it) or the fact of its
distribution, form the basis of, or be relied on in connection with, any
contract therefor.

Under Section 3(a)(10) of the Securities Act, an exemption from the
registration requirements of the Securities Act is available in respect of AA
plc shares to be exchanged under the Scheme of Arrangement between AAC and its
shareholders.





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