Disposal

Anglo American PLC
6 September 2000

                                       
                ANGLO AMERICAN PLC FOCUSES ON CORE BUSINESSES:
                    SHAREHOLDING IN KING LUN HOLDINGS SOLD

As part of a global focus on its core mining and natural resources businesses,
Anglo American plc ('AA plc') has arranged to sell its entire shareholding in
King Lun Holdings Limited ('King Lun') to Dr Victor Fung and Mr William Fung,
the other shareholders in King Lun.  King Lun is the substantial shareholder
of publicly listed Li & Fung Limited, and of the privately held Li & Fung
Distribution and Li & Fung Retailing Groups.

As part of this transaction, AA plc has placed some 5% of the outstanding
shares in Li & Fung Limited with investors today, realising around US$300m.
AA plc will continue to retain a beneficial interest of approximately 5% in Li
& Fung Limited for at least a period of 3 years through a company jointly held
by AA plc and the Fung brothers.

Earlier this year, AA plc announced its intention to focus on its core mining
and natural resources businesses and to dispose of non-related investments.
Since the start of the year AA plc has realised over US$1.1bn through its
disposal program.

Mr Leslie Boyd, Executive Vice Chairman of AA plc said, 'the placement by AA
plc of some 5% of Li & Fung Limited represents a significant further
contribution to the realisations derived from the disposal program of non core
assets.  We have an excellent relationship with the Fung family and this is an
outstanding investment for AA plc.'

As a result of the transaction, the Fung brothers' attributable interest in Li
& Fung Limited will increase from 38.1% to 42.4%.

Goldman Sachs (Asia) LLC acted as book-runner and together with Cazenove Asia
Limited placed AA plc shares in Li and Fung Limited.


For further information:

Anglo American - London

Investor Relations
Nick von Schirnding
Tel:  [phone]

Media Relations
Kate Aindow
Tel:  [phone]


Anglo American - Johannesburg

Investor Relations
Anne Dunn
Tel:  [phone]


Note
This announcement is not, and is not intended to be, an offer of securities
for sale in the United States.  Securities of Li & Fung Limited may not be
offered or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933.  There is not, and is not
intended to be, a public offering of the securities of Li & Fung Limited in
the United States.  Any public offering of securities of Li & Fung Limited
will be made by means of a prospectus that may be obtained from the issuer or
selling security holder and that will contain detailed information about the
company and management, as well as financial statements.