Offer Update

Anglo American PLC
7 January 2002



FOR IMMEDIATE RELEASE                              7th January 2002



   Undertakings to tender 33% of La Rochette's shares to Mondi's cash offer

  * Mondi, a subsidiary of Anglo American PLC, filed a public Offer, in
    cash, for La Rochette with the French Stock Exchange Market Authorities on
    2nd January 2002.

  * To date, the total number of undertakings(1) to tender shares to Mondi's
    offer represents 33.26% of the current issued and outstanding share
    capital of La Rochette and notably includes the stakes of Paribas Affaires
    Industrielles, the unit trust AGF Invest and the investment trust AGF
    Opera.

David Hathorn, Chief Executive Officer of Mondi Europe, said:

The rapid support of major La Rochette shareholders demonstrates that our
offer reflects the full and fair value of La Rochette.

(1) As long as Mondi is the highest final cash bidder.

Mondi is being advised by Rothschild & Cie (Francois Henrot, Philippe
Lansade).

Enquiries:

Mondi

David Hathorn          [phone] / [phone]

Peter Oswald           [phone] / [phone]


Anglo American

Edward Bickham         [phone]
                    
Marion Dixon           [phone]


Brunswick

Andrew Dewar            01 53 96 83 83

Patricia Perrier        01 53 96 83 83

This Offer and the distribution to the general public of the prospectus remain
subject to the approval of the French stock market authorities.


Note for Editors:

Mondi encompasses the Forest Product activities of Anglo American. Mondi
generated a consolidated turnover of US$ 3.4 billion in 2000 and an operating
profit of US$ 456 million. Mondi is an international, integrated forest
products and packaging group. Mondi has operations and interests in Europe and
South Africa. Mondi's main activities are corrugated packaging, industrial
sacks and graphic paper. Mondi has around 115 plants throughout Europe and is
operating under the brands of:

  * Mondi Packaging for corrugated packaging
  * Frantschach for industrial sacks, barrier coated paper and flexible
    packaging
  * Neusiedler for uncoated woodfree paper

Mondi also holds a 50% stake in Aylesford Newsprint.

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 over 40 countries in
Africa, Europe, South and North America and Australia. The company is listed
in London, Johannesburg and Switzerland.

(www.angloamerican.co.uk)