Disposal

Anglo American PLC
29 March 2004



News Release


29 March 2004


             Anglo American announces sale of stake in Gold Fields


Anglo American plc ("Anglo American") announces that it has sold its 20% stake
in Gold Fields Ltd ("Gold Fields") to MMC Norilsk Nickel, through its
wholly-owned subsidiary Norimet Limited, for ZAR 7,631,251,245 (or approximately
$1.16 billion). The sale of the 98,467,758 shares was effected by way of an
on-market trade on the JSE Securities Exchange, South Africa. Anglo American
will realise an approximate gain of $480 million on the sale of the Gold Fields
shares.

The proceeds from the sale will be used to pay down Anglo American's South
African indebtedness and to finance its ongoing capital expenditure programme in
South Africa.

For the financial year ended 2003, Anglo American's investment in Gold Fields
was recorded on Anglo American's balance sheet at $686 million. In terms of the
current financial year, Anglo American will equity account the stake in Gold
Fields for the three months ending March 2004.



Citigroup Global Markets Limited acted as financial adviser to Anglo American on
the transaction.





For further information:



Anglo American - London
Investor Relations                                       Media Relations
Nick von Schirnding                                      Kate Aindow
Tel:  [phone]                                   Tel:  [phone]


Anglo American - Johannesburg
Investor Relations                                       Media Relations
Anne Dunn                                                Marion Dixon
Tel:  [phone]                                    Tel:  [phone]




Notes to Editors:



Anglo American plc is one of the world's largest mining and natural resource
groups. With its subsidiaries, joint ventures and associates, it is a global
leader in gold, platinum group metals and diamonds, with significant interests
in coal, base and ferrous metals, industrial minerals and forest products. The
group is geographically diverse, with operations in Africa, Europe, South and
North America, Australia and Asia. (www.angloamerican.co.uk)




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