De Beers Interim Results

Anglo American PLC
12 August 2002

News Release
12 August 2002

De Beers SA today reported headline earnings for the 6 months to 30 June 2002 of
US$ 308 million.

Headline earnings for Anglo American are arrived at by taking Anglo American's
equity interest in DB Investments plus the 10% preference shares which Anglo
American holds in De Beers SA.

Anglo American will therefore report headline earnings for the 6 months to 30
June 2002 from its investment in De Beers of US$ 166 million.

The above figures are unaudited.





                            De Beers Societe Anonyme

                  (incorporated under the laws of Luxembourg)

                    No disclosure or comment before 07.00BST

Monday, 12 August 2002

                                INTERIM RESULTS

                     FOR THE SIX MONTHS ENDED 30 JUNE 2002

The diamond industry began the year in a positive mood following better than
expected Christmas season retail sales of diamond jewellery, a significant
reduction in inventory of polished diamonds held by the retail trade during 2001
and cautious optimism for recovery in the global economy in 2002. Restocking by
the retail trade in the first half of the year meant that polished demand from
the cutting centres was above underlying retail demand in the consumer markets.
As a result, polished stocks financed by the cutting centres reduced over the
period from about $4,1 billion to $3,4 billion. Clients of the DTC, the
marketing arm of De Beers, benefited from receiving consistent assortments of
rough diamonds at competitive prices which facilitated further investment in
marketing.

Against that background, there was strong demand for rough diamonds throughout
the period and sales by the DTC for the first six months of 2002 totalled $2 842
million, 8,5 per cent higher than the equivalent period in 2001. Prospects for
the remainder of the year will depend on the state of the global economy and
consumer confidence, particularly in the USA, which will determine consumer
offtake and the level of stock the trade is prepared to hold.

De Beers made further good progress with the European Commission on its Supplier
of Choice strategy and anticipates a favourable outcome during the second half
of the year.

The new five year $4 billion trade agreement between De Beers and the Russian
diamond producer, Alrosa, was formally notified in February to the European
Commission for clearance. Both parties are committed to engaging constructively
with the Commission to address any concerns it might raise.

In February, De Beers signed a Heads of Agreement with Mvelaphanda Diamonds
(Proprietary) Limited, a black empowerment company, on a joint venture
committing both parties to grass roots (early stages) exploration for new
world-class diamond deposits in the northern part of South Africa. The joint
venture agreement was finalised and signed in July.

De Beers has expressed its concern to the South African Government over the lack
of certainty and clarity in a number of the provisions of the new Minerals
Development Bill. Further, De Beers hopes that the consultative process proposed
by Government, which will lead to a new Mining Charter, will confirm the
fundamental principles governing industry transformation to which Government and
the industry have committed themselves.

De Beers announces interim results as follows:



                            De Beers Societe Anonyme

                         Consolidated Income Statement

                      for the half-year ended 30 June 2002

                            (Abridged and unaudited)


                                                                           US Dollar millions

                                                                                    Pro forma              Pro forma

                                                            6 months to           6 months to           12 months to

                                                           30 June 2002          30 June 2001       31 December 2001

Diamond sales
-DTC                                                              2 842                 2 619                  4 454
-Other                                                              197                   238                    413
Trade investment and other income                                   305                   338                    639
                                                                  3 344                 3 195                  5 506
Deduct:
Cost of sales                                                     2 518                 2 278                  3 839
Depreciation and amortisation (Note 2)                              114                    65                    198
Sorting and marketing                                               198                   193                    453
Exploration and research                                             47                    64                    130
Corporate expenses (Note 3)                                          18                    32                     39
Net diamond account                                                 449                   563                    847
Add:
Investment income                                                                           7                      8
Surplus on realisation of fixed assets and                            2                    64                     94
investments
                                                                    451                   634                    949
Deduct:
Net interest paid (received)                                         76                  (17)                     65
Costs related to reorganisation and                                  24                   154                    110
restructuring
Net income before taxation and income from AA                       351                   497                    774
plc
Taxation                                                            115                   182                    280
Net income after taxation but before income                         236                   315                    494
from AA plc
Attributable to outside shareholders in                               6                    10                      8
subsidiaries
Own earnings before income from AA plc                              230                   305                    486
Share of retained income of joint ventures                           31                    31                      6
Total net earnings before income from AA plc                        261                   336                    492
Income from AA plc:
- dividends                                                                               165                    156
- share of retained income                                                                132                    128
Total net earnings                                                  261                   633                    776
Headline earnings before income from AA plc                         308                   401                    509
Income from AA plc                                                                        343                    328
Headline earnings                                                   308                   744                    837
Cash available from operating activities                          1 144                   733                    638



    De Beers Societe Anonyme (DBsa) (formerly DB Investments) acquired 100%
 ownership of De Beers Consolidated Mines Limited (DBCM) and De Beers Centenary
  AG (DBCAG) on 8 June 2001. Accordingly, the comparative results for De Beers
 shown above have been prepared on a pro forma basis to include the results of
  DBCM and DBCAG for the full six months ended 30 June 2001 and twelve months
                            ended 31 December 2001.

                           Consolidated Balance Sheet

                                  30 June 2002

                            (Abridged and unaudited)


                                                                            US Dollar millions

                                                                                                    31 December 2001
                                                                                    30 June 2001
                                                              30 June 2002
Shareholders' interests                                              3 784                 3 813               3 578
Outside shareholders' interests                                         89                    80                  83
                                                                     3 873                 3 893               3 661
Provisions for liabilities and charges                                 252                   226                 224
Net interest bearing debt (Note 4)                                   2 081                 3 264               3 152
                                                                     6 206                 7 383               7 037

Fixed assets                                                         4 284                 4 414               4 340
Investments and loans                                                   25                   455                  42
Diamond stocks and other net assets                                  1 897                 2 514               2 655
                                                                     6 206                 7 383               7 037

Notes and Comments


        1.     The pro forma results of prior periods have been presented so as
        to highlight the impact of income from Anglo American plc (AA plc)
        included therein.

        2.     Amortisation in respect of the goodwill arising on the
        acquisition of DBCM and DBCAG by DBsa amounting to $72 million has been
        expensed in the current period. $11 million was expensed in the same
        period last year and $83 million in the full year.

        3.     The implementation of the Group's strategic plan has resulted in
        a business focus entirely on diamond mining and trading activities.
        Accordingly recurring corporate expenses have been charged to the
        diamond account - comparatives have been restated to reflect this
        change.


 4. Cash has been offset against interest bearing debt.


        The first repayment of $355 million on the $3 550 million Senior Debt
        facility was made on 29 March 2002. The $1 billion revolving facility
        was not utilised during the period under review.





Contacts:

De Beers London:

Lynette Hori          [phone]/[phone]

De Beers South Africa

Tracey Peterson          [phone]/[phone]

Pride Mogorosi          [phone]

Visit the official De Beers Group website for more information on the company
and where you can view and download a selection of images - www.debeersgroup.com
. As an additional resource for images, please visit www.newscast-online.com.






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