Directors: RP Edey (British) (Chairman) \ Dr TJ Motlatsi (Deputy Chairman) \ M Cutifani (Australian) (Chief Executive Officer) \ FB Arisman (American)
RE Bannerman (Ghanaian) \ Mrs E Le R Bradley \ JH Mensah (Ghanaian) \ WA Nairn \ Prof Wiseman L Nkuhlu \ SM Pityana \ SR Thompson (British)
S Venkatakrishnan (British)
Managing Secretary: Yedwa Simelane
AngloGold Ashanti Limited \ Reg. No.1944/017354/06
76 Jeppe Street \ Newtown \ 2001 \ PO Box 62117 \ Marshalltown \ 2107 \ South Africa
Tel +27 (0)11 637 6000 \ Fax +27 (0)11 637 6624 \ Website: www.AngloGoldAshanti.com
19 June 2008
TO:
Shareholder, Golden Cycle Gold Corporation
FROM:
Mark Cutifani
Chief Executive Officer
AngloGold Ashanti Limited
SUBJECT:
Acquisition of Golden Cycle Gold Corporation
Dear Shareholder:
As you may know, AngloGold Ashanti Limited, through its subsidiary AngloGold Ashanti USA
Inc., has entered into an agreement to acquire Golden Cycle Gold Corporation. I am very excited about
the prospects of this transaction, and the advantages that we believe it offers both to AngloGold Ashanti
as well as to you as a shareholder of Golden Cycle. I look forward to you becoming a shareholder of
AngloGold Ashanti, and I think you will find we are a leader in the gold industry. We consistently
strive to deliver value to our shareholders, community partners, and employees while remaining a
responsible corporate citizen.
I encourage you to carefully read and consider the proxy statement/prospectus in respect of the
proposed transaction. In the proxy statement/prospectus you will find information regarding our
company, our operations, and our strategy and plans for the future. Further, I invite you to visit the
AngloGold Ashanti Limited website at www.anglogoldashanti.com. Information contained in or
otherwise accessible through this internet site is not a part of the proxy statement/prospectus. In
addition, if you have any further questions regarding the proposed transaction or AngloGold Ashanti
Limited, please feel free to contact Don Ewigleben, President & CEO of AngloGold Ashanti North
America Inc. Don can be reached at
DEwigleben@anglogoldashantina.com
or at (303) 889-0700.
Thank you for your consideration of this important transaction, and for your continued investment in the
gold industry.
Regards,
Mark Cutifani
Chief Executive Officer
AngloGold Ashanti Limited