Disposal

Anglo American PLC 10 July 2000 FURTHER DISPOSAL OF NON CORE ASSET ANNOUNCED Following the announcement by Aveng Limited ('Aveng') today that it intends to make an offer for the whole of the issued share capital of LTA Limited ('LTA'), Anglo American plc ('AA plc'), which has a 68% interest in LTA, has given an irrevocable undertaking to accept the offer and to receive the cash consideration of R46 per share, amounting to approximately R900 million ($130 million). LTA is engaged in engineering, construction, project management and development projects throughout Africa, Australasia and the Pacific Islands, south east Asia and the Middle East, focusing on mining, petrochemicals and infrastructure. Aveng is a South African based construction company and also has substantial interests in cement manufacture and steel distribution. The sale is in line with AA plc's stated intention to accelerate and widen its disposal programme of its remaining businesses in the Industries division. So far this year AA plc has sold interests in Johnnic, Ventron and Altron, NF Die Cast, Samcor and McCarthy Retail for considerations aggregating in excess of $200 million. Queries: Anglo American London: Nick von Schirnding London: Kate Aindow Tel: +44 207 698 8540 Tel: +44 207 698 8567 Fax: +44 207 698 8555 Fax: +44 207 698 8555 Anglo American Johannesburg: Anne Dunn Johannesburg: Marion Dixon Tel: +27 11 638-4730 Tel: +27 11 638-3001 Cell: + 27 82 448 2684 Cell: +27 11 82 775 5520
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