Anglo American PLC
08 December 2003
Not for release, publication or distribution in or into the
United States or Canada
Anglo American plc
(Incorporated in the United Kingdom)
(Registration number: 3564138)
Share code AGL ISIN code GB0004901517
("Anglo American")
RESULTS OF THE MANDATORY CASH OFFER TO SHAREHOLDERS OF
KUMBA RESOURCES LIMITED ("KUMBA")
1. RESULTS OF THE OFFER
Anglo American announces that at 12:00 noon on Friday, 5 December 2003, the
closing time and date of the offer, acceptances in terms of the offer had been
received from Kumba shareholders holding in aggregate 95 235 911 Kumba shares,
resulting in Anglo American, together with its wholly-owned subsidiary Anglo
South Africa Capital (Proprietary) Limited ("ASAC"), increasing its total
shareholding in Kumba to 201 092 500 shares, equivalent to 66.62% of the issued
share capital of Kumba.
2. INTENTIONS REGARDING KUMBA AND PROSPECTS
Anglo American, as Kumba's anchor shareholder, is now in a position to work
together with Kumba to utilise the opportunity presented by strong growth in
global demand for iron ore to facilitate a multi-billion Rand expansion of
Kumba's iron ore assets and supporting infrastructure, with a view to creating a
world class iron ore operation with economic scale to compete internationally.
Anglo American will work together with all stakeholders to help unlock the
significant efficiencies between the Northern Cape iron ore mines, Orex (owner
of the Sishen Saldanha railway line) and the Saldanha iron ore port.
3. LEVEL OF ACCEPTANCES
Anglo American will be engaging the South African Government and other
stakeholders including black economic empowerment interests in discussions
regarding the level of Anglo American's shareholding in Kumba. A further
announcement will be made in due course.
4. BOARD OF DIRECTORS
Anglo American will seek the appointment of additional directors to the board of
Kumba.
Johannesburg
8 December 2003
Financial adviser to Anglo American
and ASAC Sponsor to Anglo American
Deutsche Securities (SA)(Proprietary) Limited
(Registration number 1995/011798/07)
Attorneys to Anglo American and ASAC Reporting accountants
This information is provided by RNS
The company news service from the London Stock Exchange
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