Proposal for Acquisition

Anglo American PLC
26 February 2004


News Release


26 February 2004




          Anglo American submits proposal for acquisition of Portucel





Anglo American plc ("Anglo American") confirms that it has submitted a proposal
for the acquisition of a 30% interest in PORTUCEL-Empresa Produtora de Pasta e
Papel,S.A. ("Portucel"), being sold as part of a reprivatisation process by the
Government of Portugal.



In addition, Anglo American has entered into an agreement with the Sonae group
regarding its interest in Portucel.  Under this agreement, Anglo American will
be able to acquire a control position in Portucel subject to certain conditions,
including its being successful in the privatisation process.



This acquisition would form an important part of Anglo American's paper and
packaging division, Mondi, furthering its growth strategy.







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]







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