Anglo American Plc Supports Anglo Platinum`s $1.6 Billion Rights OfferAnglo American plc announces that it has undertaken to subscribe in full to its entitlement to the rights offer announced today by its subsidiary company, Anglo Platinum.                                                                       

Following the rights offer, Anglo Platinum will have a more balanced capital structure, enabling it to focus on extracting value from its existing operations through further cost and productivity improvements and optimising its premium portfolio of assets and growth projects through disciplined investment. Anglo Platinum`s dividend payments will be resumed when market conditions and the operating environment permit.                                                   

Anglo Platinum expects to raise gross proceeds of approximately ZAR12.5 billion (approximately $1.6 billion) through the rights offer and Anglo American will take up its rights in full associated with its 79.72% shareholding in Anglo Platinum, equivalent to approximately ZAR10 billion (approximately $1.3 billion). Anglo American has also agreed to underwrite the minority portion of the rights offer. This underwriting and Anglo American`s undertaking to subscribe in full for its rights are subject to customary underwriting conditions.                                

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