ANGLOGOLD ASHANTI LIMITED - Kibali Gold Mine Starts Early, Within Budget

AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa \ Reg. No. 1944/017354/06)
ISIN No. ZAE000043485 - JSE share code: ANG \ CUSIP: 035128206 - NYSE share code: AU
Website: www.anglogoldashanti.com News Release

25 September 2013

AngloGold Says Kibali Gold Mine Starts Early, Within Budget

AngloGold Ashanti reports that the Kibali Gold Mine, a joint venture with
Randgold Resources, has successfully delivered its first gold production early
and within budget to further improve the overall quality of its portfolio by
introducing new ounces at costs lower than its current average.

"Kibali is a world-class gold mining asset with good growth potential, and it
significantly improves the quality of our portfolio," AngloGold Ashanti Chief
Executive Officer Srinivasan Venkatakrishnan said. "This joint venture has
worked incredibly well and achieving production on time and on budget is
testament to our partner's project management and execution skills, and to the
strong support from the government and from the local communities."

Kibali, in the Democratic Republic of Congo, will have an estimated annual
production of about 600,000oz of gold from reserves of 11Moz and resources of
21Moz*. AngloGold and Randgold, which project managed Kibali's development and
will operate the mine, each own a 45% stake in the asset and Sokimo, a
state-owned company, owns the remaining 10%. The mine is being developed in two
concurrent phases, initially as an open pit operation, with the underground
mine scheduled to access ore in 2015.

By 2014, Kibali will provide employment to more than 2,500 people, comprising
mainly Congolese nationals. Already, more than half of all senior managers are
Congolese and about 100 Congolese have received training as operators at
Randgold's West African mines. Preference will also be given to local suppliers
of goods and services to ensure the benefit to the local community is
maximised. Significant benefits will also accrue to the DRC through taxes and
royalties through the life of the mine.

"Important as this day is, it is still only the first step in achieving this
project's great potential," Kibali General Manager Louis Watum says. "With gold
sales set to start next month, our focus is now on commissioning of the rest of
the metallurgical plant and the hydropower stations as well as progressing the
underground development."

In Kibali and also Tropicana, in Western Australia, AngloGold Ashanti has two
new mines slated to start production in the space of days with a combined
attributable annual production of as much as 600,000oz from next year. As
project capital expenditure declines, the management team will focus on
realising about $460m in combined savings from corporate overheads and
exploration activities next year, compared with 2012. A project is also
underway to remove as much as $500m in direct operating-cost savings from
operations over about 18 months. AngloGold Ashanti owns 70% of the Tropicana
mine.

* The estimated Mineral Resources and Reserves are based on information
compiled as follows: the mineral resources were calculated by Mr Ernest Doh, a
competent person and an officer of Randgold Resources who is a member of
AusIMM. The mineral reserves were calculated by Mr Tim Peters of Piran Mining
and reviewed by Mr Dan Donald of Mine RP, both independent consultants and
Competent Persons and members of AusIMM. The competent persons' consent to the
release of this technical information based on the information in the form and
context in which it appears.

SPONSOR: UBS South Africa (Pty) Limited

ENDS

Contact

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Stewart Bailey       +1 646 338 4337/ +1 212       sbailey@anglogoldashanti.com
                     858-7702 / +27 83 253 2021

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Investors

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Mike Bedford (UK &   +44 779 497 7881 / +44 1225   mbedford@anglogoldashanti.com
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Fundisa Mgidi (South +27 11 6376763 / +27 82 821   fmgidi@anglogoldashanti.com
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General inquiries                                  investors@anglogoldashanti.com

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outlook for the gold mining industry, expectations regarding gold prices,
production, cash costs, cost savings and other operating results, return on
equity, productivity improvements, growth prospects and outlook of AngloGold
Ashanti's operations, individually or in the aggregate, including the
achievement of project milestones, commencement and completion of commercial
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