IGO LIMITED — Capital/Financing Update 2013

Aug 1, 2013

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AngloGold Ashanti Limited (Incorporat e d in the Republic of South Africa \ Reg. No. 1944/017354/06) ISIN No. Z A E000043485 – J S E share code: A N G \ CUSIP: 035 1 28206 – NYSE share code: AU Website: w w w.anglogoldash a nti.com

News Release

1 August 2013

AngloGold Ashanti’s Tropicana Starts Commissioning; First Gold Expected in Q3

The Tropicana Gold Project (AngloGold As h anti Australia Ltd 70% a nd manag e r, Independ e nce Group NL 30%) h a s commen c ed its com m issioning p hase and i s expected t o produce f irst gold in the Septe m ber quarter.

“Tropicana is a significant new, low-cost mi n e in an em e rging gold province an d will impro v e the qualit y of AngloG o ld Ashanti’ s portfolio,” Graham E h m, AngloG o ld Ashanti’ s Executive Vice President: Austr a lia, Group P lanning & T e chnical, sai d . “We continue to mak e good progr e ss with our partners on a project w e ’ve taken u p the value c u rve, from d i scovery to c ommissioni n g.”

Commissioning is u nderway, t h e tailings storage facility is compl e te and the operating t eam has b e en mobilised on site. Initial grade c o ntrol results are in line w ith the reso u rce model.

Tropica n a, located 3 30 kilometr e s east-nort h east of Kal g oorlie in Western Aust r alia, was originally fore c ast to begin production i n the Dece m ber 2013 q u arter, but commissioni n g is already underway a nd ramp up will occur in the Decem b er quarter.

The estimated capit a l expenditu r e for the pr o ject remains unchange d at betwee n A$820-A$ 8 45 million o n a 100% basis. Avera g e annual p roduction a nd cash o p erating costs in the fi r st three years have b e en reviewe d and remain within previous guid a nce (100 % project) of between 4 70,000-490,000 ounce s at betwee n A$590/oz- A $630/oz.

SPONS O R: UBS S o uth Africa ( P ty) Limited

ENDS

___________________________________________________________________________________________________________________ Contacts Tel: E-mmail: Andrea Max e y +61 8 9425 4603 / +61 400 072 199 amaxe y @anglogoldashantti.com.au Stewart Bail e y +1 212 836 4303 / +1 646 338 4337 sbailey @ anglogoldashantii.com

Disclaimer

Certain st a tements contained in this do c ument, other t h an statement s of historical f a ct, including, w ithout limitatio n , those conce r ning the economic outlook fo r the gold mining industry, e x pectations reg a rding gold pri c es, productio n , cash costs a nd other oper a ting results, re t urn on equity, productivity im p rovements, gr o wth prospects and outlook of AngloGold As h anti’s operatio n s, individually o r in the aggre g ate, including t he achieveme n t of project mil e stones, commencement and completion of c ommercial operations of certain of AngloGol d Ashanti’s ex p loration and p r oduction proje c ts and the c o mpletion of acquisitions and dispositions, A ngloGold Ash a nti’s liquidity a n d capital reso u rces and capital expenditure s and the out c ome and cons e quence of an y potential or p ending litigation or regulatory proceedings or environmental issues, are f o rward-looking s tatements reg a rding AngloG o ld Ashanti’s o p erations, econ o mic performance and financial condition. These forward-loo k ing statements or forecasts in v olve known an d unknown risks, uncertainties and other fact o rs that may cause AngloGold Ashanti’s actu a l results, perf o rmance or achievements to di f fer materially from the anticipated results, p e rformance or achievements e x pressed or im p lied in these f o rward-looking s tatements. Alt h ough AngloG o ld Ashanti beli e ves that the e x pectations refl e cted in such f o rward-looking s tatements and forecasts are r easonable, no assurance can be given that s uch expectations will prove t o have been c orrect. Accord i ngly, results c o uld differ mat e rially from th o se set out in t he forward-lo o king statement s as a result of, among other f a ctors, changes in economic, s o cial and political and market c onditions, the s uccess of busi n ess and oper a ting initiatives, changes in the regulatory e n vironment an d other govern m ent actions, i n cluding environmental appro v als, fluctuations in gold price s and exchang e rates, the out c ome of pendi n g or future litigation proceedi n gs, and busin e ss and operational risk mana g ement. For a d iscussion of s u ch risk factors, refer to the do c ument entitled “Risk factors r e lated to Anglo G old Ashanti’s s uite of 2012 r e ports” on the A ngloGold Ashanti online corp o rate report we b site at www.a g a-reports.com. These factors are not neces s arily all of the i m portant factor s that could ca u se AngloGold A shanti’s actual results to diff e r materially fro m those expressed in any for w ardlooking st a tements. Other unknown or unpredictable factors could als o have materia l adverse effec t s on future re s ults. Consequ e ntly,

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readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.

This communication may contain certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.

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