Subsidiary Annual Results

Anglo American PLC
17 February 2006


News Release


17 February 2006




                        Anglo American plc notification:

                 Kumba Resources Limited's annual results 2005



Anglo American wishes to draw attention to Kumba's announcement of their annual
results for the year ended 31 December 2005.



Anglo American will report underlying earnings in respect of Kumba of US$261
million for the year ended 31 December 2005, which takes into account certain
adjustments.



Kumba Resources Limited
                                                                        $m

IFRS headline earnings (US$ equivalent of published)                    373
Depreciation on assets fair valued on acquisition (net of tax)         (16)
Impact of change in South African corporate tax rate on assets fair     10
valued on acquisition
Exploration                                                             21
Other adjustments                                                       (6)
                                                                       382
Minority interest                                                     (130)
STC credit on special dividends                                          9
Contribution to Anglo American plc underlying earnings                 261





Anglo American will report annual results for the year ended 31 December 2005 on
22 February 2005.





The above figures are unaudited.



Underlying Earnings



In previous reporting periods the Group has reported Headline Earnings as its
primary earnings measure, using the definition of Headline Earnings which is
required to be disclosed by the Johannesburg Stock Exchange Limited ('JSE Ltd'),
consistent with that given by the Institute of Investment Management and
Research ('IIMR').(1)



Following the adoption of International Financial Reporting Standards, as well
as consideration of other restrictions of the definition, the Group believes
that an alternative measure would provide a clearer picture of the underlying
performance of the Group.



Consequently, the Group has adopted 'Underlying Earnings' as its principal
measure of earnings. Underlying Earnings is net profit attributable to equity
shareholders, adjusted for the effect of special items and remeasurements, and
any related tax and minority interests. Special items include those items of
financial performance which the Group believes should be excluded from
performance earnings, and principally relate to impairment and significant
closure costs, exceptional legal provisions and profit or loss on disposals.
Remeasurements include unrealised gains and losses on non-hedge derivative
instruments that are recorded in the income statement.



Headline Earnings and Headline EPS for the Group will also continue to be
reported to comply with JSE Ltd listing requirements, and a full reconciliation
will be provided between Underlying Earnings and Headline Earnings.





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(1) Statement of Investment Practice No. 1, September 1993.


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