Transaction Completed

Anglo American PLC
1 February 2001


News Release
1 February 2001

                ANGLO AMERICAN COMPLETES FIRSTRAND TRANSACTION

Following the agreement reached between Anglo American plc ('Anglo American')
and Remgro Limited ('Remgro'), announced on 6 December 2000, Anglo American is
pleased to announce that all of the conditions precedent to the transaction
have been fulfilled. The transaction was accordingly completed on 1 February
2001.

In terms of the transaction Anglo American has received 165 248 324 shares
(representing 7,1% of the issued share capital) in Billiton Plc ('Billiton')
and 51 134 914 shares (11,3% of the issued share capital) in Gold Fields
Limited ('Gold Fields') from Remgro in consideration for 834 008 267 shares
(15,3% of the issued share capital) in FirstRand Limited ('FirstRand').

Anglo American has undertaken that neither it nor its associates will make an
unsolicited bid for Billiton during the twelve months to 31 December 2001 and
will not increase its stake in Billiton to beyond 15,0% during that period.
Should, however, a third party make a take-over bid for Billiton, these
undertakings would fall away.

Should any party make a successful bid for Gold Fields on or before 30 June
2001 at a price in excess of ZAR25 per Gold Fields share, Anglo American and
Remgro will participate equally in any amount received by Anglo American
pursuant to that bid in excess of ZAR25 per share in respect of the 51 134 914
Gold Fields shares that Anglo American has acquired from Remgro.

This transaction represents another significant step in Anglo American's
programme for divestment of non-core assets and results in Anglo American
acquiring interests in two quality mining assets which complement its focus on
the mining and resources sector.

Anglo American continues to hold approximately 5,3% of the issued share
capital of FirstRand, as well 7,1% in Billiton Plc and 16,7% in Gold Fields.


For further information, contact:

London                                   Johannesburg

Nick von Schirnding                      Anne Dunn

Tel: [phone]                    Tel: [phone]

                                         Mob: [phone]


Kate Aindow                              Marion Dixon

Tel: [phone]                    Tel: [phone]

                                         Mob: [phone]


Notes to Editors:

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 and developments in Africa,
Europe, South and North America and Australia. (www.angloamerican.co.uk)