Subsids Disposal of Interest

ANGLO AMERICAN PLC
2 August 1999


FURTHER RESTRUCTURING AT ANGLO AMERICAN PLC

London, 2 August 1999.  As a further step in its restructuring process and in
line with its intention of disposing non-core assets, Anglo American plc
('Anglo') announced today that its subsidiary AECI had reached agreement to
sell its 40% stake in Polifin Limited ('Polifin') to SCI, a wholly-owned
division of Sasol Limited ('Sasol') for R2,1 billion (USD345 million)
effective 26 June 1999. 

In terms of the offer, SCI will acquire all of the ordinary shares in Polifin
at a price of 970 SA cents (USD1.57) per Polifin share, and as a result AECI
will receive approximately R2,135 million (USD345 million). 

Tony Trahar, executive director of Anglo and chairman of AECI noted that this
reflected Anglo's ongoing commitment to unlocking value from its investment in
AECI, with a view ultimately to exiting this non-core investment.

Anglo, which holds 53% in the listed chemicals group AECI Limited, announced
last year that it would seek to sell its shares in AECI when an attractive
price could be obtained and market conditions permit.

The receipt by AECI of the R2,1 billion (USD345 million) capital proceeds plus
interest will reduce AECI and Anglo's consolidated debt position. 

The proposed disposal in terms of the offer is ex the final dividend of 17
cents (2.8 US cents) per share declared by Polifin for the financial year
ended 25 June 1999 which will be paid to Polifin shareholders, including AECI,
on or about 25 September 1999.