Anglogold Ashanti note on Moto Goldmines arrangement agreement with Randgold Resources

Further to its announcement of  27 July 2009, AngloGold Ashanti Limited ("AngloGold Ashanti")  is pleased  to note  that  Moto Goldmines Limited ("Moto" or the "Company") (TSX:MGL) (AIM:MOE) has entered into an arrangement agreement with Randgold Resources Limited ("Randgold")   to implement  an acquisition of the Company.    The board of Moto has today unanimously recommended the transaction  (the "Randgold Transaction")  to its shareholders.

 The terms of the Randgold Transaction  in the arrangement agreement  are as announced by Randgold on 16 July 2009,  whereby Moto shareholders would receive 0.07061 of an ordinary share of Randgold (or, where applicable, 0.07061 of an American Depositary Share  ("ADS") of Randgold) per Moto share.   In addition, Moto shareholders would be provided with the option to elect to receive (in lieu of Randgold shares or ADSs) cash consideration of US$4.47 per Moto share in respect of all or some of their Moto shares, subject to proration based on an aggregate maximum cash amount payable to all Moto shareholders of  approximately US$244 million.

 Upon closing of the Randgold Transaction, whic h is conditional on customary terms and conditions including the approval of Moto shareholders, AngloGold Ashanti will acquire an indirect 50% interest in Moto for approximately US$244 million in cash, plus a 50% share in certain other transaction related  liabilities and expenses. AngloGold Ashanti has received all necessary regulatory and other approvals to implement this transaction. 

 Shareholders are referred to separate announcements made by Moto and Randgold today describing in greater detail the above arrangements.

Financial Advisor to AngloGold Ashanti

CIBC

Legal Advisors to AngloGold Ashanti:  Fasken Martineau DuMoulin LLP, Shearman & Sterling LLP

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