Anglo American PLC
30 January 2002
Anglo American plc wishes to draw shareholders' attention to the following
announcement made by Anglo Platinum this morning:
'Anglo Platinum expects 2001 earnings to exceed market expectations
Anglo Platinum wishes to announce that it estimates headline earnings for the
year ended 31 December 2001 to be R8 billion (US$930 million) as a result of the
significant weakening of the Rand over the 2001 financial year and in particular
during December 2001.
Anglo Platinum sells its products in dollars and headline earnings are increased
if, during the course of the year, the exchange rate weakens before dollar
revenues are converted to Rand. In addition headline earnings have been affected
by the increase in the Rand value of dollar-based assets valued at year-end
closing exchange rates.
The Company will release its 2001 results on Tuesday 19 February 2002.
For further information, please contact
Mike Mtakati
+ 27 11 373 6865
+27 83 455 7887'
This information is provided by RNS
The company news service from the London Stock Exchange
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