ABOUT BASE METALS FERROUS METALS COAL INDUSTRIAL MINERALS OTHER INFORMATION 01

Fact Book 2008/9 Book Fact Industry overview Financial highlights Business overview Business

Financial data and Production data Business overview Business Financial highlights Strategy and growth Diamonds recovered Financial highlights The business – an overview Industry overview Business overview Business Industry overview Production data Financial highlights Industry overview History and timeline Coal Bed Methane Selected major projects major Selected Financial data Strategy and growth Business overview Business Industry overview Reserves and resources data Business overview Business Reserves and resources data Strategy and growth Production data Group overview Reserves and resources data Production data Strategy and growth Financial data Strategy and growth Reserves and resources data Financial highlights Financial data Financial data Production data A global business fit for the future Industry overview Business overview Business Financial highlights Diamonds grade Diamonds Financial data Financial data 104 Other information Other 104 50 52 55 56 Metals Ferrous 63 64 65 66 68 70 72 73 77 Coal 78 79 80 82 84 86 87 96 Minerals Industrial 99 100 101 102 103 02 About Anglo American plc 02 04 06 07 09 11 Platinum 13 14 15 16 18 20 26 29 Diamonds 33 34 35 36 38 39 40 41 43 Base Metals 44 46 48 02 About Anglo American

Our locations Group overview Anglo American is a global leader in mining, focused on adding value for shareholders, customers, employees and the communities in which it operates. The Group’s unique portfolio of high quality mining assets includes precious, base and bulk commodities. The five core mining businesses are Platinum, Diamonds, Base Metals, Iron Ore (Ferrous Metals) and Coal. The Group is geographically diverse with an operating footprint spanning 45 countries.

Precious Base Platinum Diamonds Base Metals

Anglo Platinum mines, processes and refines Anglo American’s interests Anglo Base Metals has interests in 13 operations the entire range of platinum group metals are represented by its 45% shareholding in six countries, producing copper, nickel, zinc, (platinum, palladium, rhodium, ruthenium, in . niobium and phosphate fertilisers, together iridium and osmium) and is the world’s largest with associated by-products, including lead, primary producer of platinum, accounting for De Beers is the world’s leading diamond molybdenum and silver. around 39% of global newly mined output. business. Its expertise extends across the diamond pipeline, including prospecting, In Chile, its six copper operations comprise Anglo Platinum has the largest platinum mining and recovery and distribution, through the wholly owned Los Bronces, El Soldado, reserves in the world, as well as extensive the Diamond Trading Company (DTC) in Mantos Blancos and Mantoverde mines, the resource capabilities and the ability to grow London, DTC , Namibia DTC and the Chagres smelter and a 44% interest in the production in line with projected demand for DTC in South Africa, De Beers supplies clients Collahuasi mine. the foreseeable future. All of Anglo Platinum’s known as ‘Sightholders’ with bespoke parcels Other South American operations are the current operations are located in South Africa. of rough diamonds. Loma de Níquel nickel mine in Venezuela, as De Beers produces around 40% of the well as the Codemin (nickel) and Catalão world’s rough diamonds by value from its niobium mine in Brazil. Anglo Base Metals also mines in Botswana, Canada, Namibia and has a controlling interest in Copebrás, a leading South Africa. Brazilian producer of phosphate fertilisers and phosphoric acid. In southern Africa, the Skorpion mine produces zinc and the Black Mountain mine produces zinc and associated by-products such as lead. Anglo Base Metals’ sole European operation is the Lisheen zinc and lead mine in Ireland.

Financial highlights(1) Financial highlights(1) (2) Financial highlights(1) 12 months 12 months 12 months 12 months 12 months 12 months $ million 31 Dec 2008 31 Dec 2007 $ million 31 Dec 2008 31 Dec 2007 $ million 31 Dec 2008 31 Dec 2007

Operating profit 2,226 2,697 Share of associate’s Operating profit 2,505 4,338 operating profit 508 484 EBITDA 2,732 3,155 EBITDA 2,845 4,683 Net operating assets 9,045 9,234 EBITDA 665 587 Net operating assets 5,474 4,989 Share of Group Group’s aggregate Share of Group operating profit 22% 28% investment in De Beers 1,623 1,802 operating profit 25% 45%

Share of Group Share of Group Share of Group net operating assets 27% 35% operating profit 5% 5% net operating assets 17% 19%

(1) Share of Group operating profit and share of Group net operating assets for both 2008 and 2007 are based on continuing operations and therefore, in 2007, exclude the contribution of Mondi and AngloGold Ashanti. (2) De Beers is an independently managed associate of the Group.

Anglo American plc Fact Book 2008/9 ABOUT ANGLO AMERICAN 03

5% 474 732

17%

4,509 12 months 12

31 Dec 2007 2007 Dec 31

2% Fact Book 2008/9 Book Fact 228 487 10% 3,335 (1) 12 months 12 31 Dec 2008 Anglo American plc

continues to be managed to maximise maximise to managed be to continues

Corporate and representative offices representative and Corporate Platinum Diamonds Metals Base Metals Ferrous Coal Minerals Industrial

construction materials industry and is well Key In addition American’s to Anglo its groups, mining operationsdiversified as one of theexploration major activities globe. the of parts and projects cover many $ million$ Operatingprofit EBITDA Netoperating assets Group of Share operatingprofit Group of Share netoperating assets

Industrial Minerals Industrial plans announced American Anglo 2007, In building and aggregate the Tarmac, sell to productsbusiness. AngloIndustrial Minerals’ businesssoleis the in position leading a has Tarmac Tarmac. UK continental in markets key certain in positioned process sale The East. Middle the and Europe market credit current until delayed been has Tarmac the However, improve. conditions group sale its for options while value shareholder beingexplored.are highlights Financial

6% 614 882 15% 3,984 12 months 12 31 Dec 2007 2007 Dec 31

12% 22% 3,962 2,585 2,240 (1) 12 months 12 31 Dec 2008

Anglo Coal’s excellent growth prospects in in prospects growth excellent Coal’s Anglo wholly owned Anglo Coal business, one business, Coal Anglo owned wholly the world’s largest private sector coal coal sector private largest world’s the

netoperating assets million$ Operatingprofit EBITDA Netoperating assets Group of Share operatingprofit Group of Share Financial highlights Financial producers and exporters. million 100 around produces currently Coal Anglo from coal metallurgical and thermal of tonnes Australia, Africa, South regions: geographic four and Colombia) and (Venezuela America South North America (Canada). thermal and metallurgical increased meet help to coalplaced firmly will is Group ensure the play to continue will and needs energy global an important part in Anglo American’s growth. Coal through held are interests coal Group’s The its of

15% 15% 1,432 1,561 3,987 12 months 12 31 Dec 2007 2007 Dec 31

producer producer

34% 29% market. 2,935 3,064 11,167 (1) 12 months 12 31 Dec 2008 the Amapá iron ore system system ore iron Amapá the

holds an effective 99.4% interest interest 99.4% effective an holds

it ore. In South Africa, it holds a 63% 63% a holds it Africa, South In ore.

Metals (carbon steel products). world’s fourth largest iron ore iron largest fourth world’s

the Minas-Rio iron ore project, an effective effective an project, ore iron Minas-Rio the iron the global seaborne iron ore

operatingprofit Group of Share netoperating assets EBITDA Netoperating assets Group of Share million$ Operatingprofit Through , Anglo American is is American Anglo Ore, Iron Kumba Through the in (manganese ore and alloy mining) and mining) alloy and ore (manganese Scaw 69.2% interest in interest 69.2% and a 49% interest in LLX interests Minas-Rio, Other Açu. of port the of owner the Manganese Samancor comprise principally is in and Ore Iron Kumba in shareholding Brazil, in Ferrous Metals business primary Metals’ Ferrous Anglo Financial highlights Financial Bulk Our locations Our 04 About Anglo American

The business – an overview

Precious

Anglo Platinum Overall ownership: 79.6%

100% owned Other interests South Africa South Africa Rustenburg Section* Union Section 85% Amandelbult Section* Joint ventures or sharing agreements Mogalakwena Mines (formerly Potgietersrust Platinums) Modikwa Platinum Joint Venture 50% Lebowa Platinum Mines Kroondal Pooling and Sharing Agreement 50% Western Limb Tailings Retreatment Bafokeng-Rasimone Joint Venture 50% Waterval Smelter (including converting process) Marikana Pooling and Sharing Agreement 50% Polokwane Smelter Mototolo Joint Venture 50% Mortimer Smelter Masa Chrome Company 74% Rustenburg Base Metals Refinery Pandora Venture 42.5% Precious Metals Refinery Twickenham Mine

* In Q1 2009 the Rustenburg and Amandelbult operations were split into five and two separate mines to enhance efficiency. Rustenburg operations were split into – Bathopele mine, Siphumelele mine, Thembalani mine, Khuseleka mine and Khomanani mine, while Amandelbult operations were split into – Tumela mine and Dishaba mine.

De Beers(1) Overall ownership: 45%

100% owned Other interests South Africa South Africa Namibia De Beers Group Services De Beers Consolidated Mines 74% Namdeb (Mining Area No. 1, (Exploration and Services) Finsch Orange River Mines, Elizabeth Bay and Marine concessions) 50% De Beers Marine Kimberley Mines De Beers Marine Namibia 70% Namaqualand Mines Canada The Oaks Trading and Marketing De Beers Canada Venetia DTC Botswana 50% Snap Lake South African Sea Areas Namibia DTC 50% Victor (SASA) Industrial Diamonds

Trading and Marketing Botswana 100% The Diamond Trading Company (Damtshaa, Jwaneng, Orapa and Diamond jewellery retail Lethlakane mines) 50% De Beers Diamond Jewellers 50%

Base

Anglo Base Metals Overall ownership: 100%

100% owned Other interests Copper Zinc/Lead Copper Chagres (Chile) Lisheen (Ireland) Collahuasi (Chile) 44% El Soldado (Chile) Skorpion (Namibia) (South Africa) 17% Los Bronces (Chile) Quellaveco (Peru) 82% Niobium Mantos Blancos (Chile) Pebble (US) 50% Catalão (Brazil) Mantoverde (Chile) Nickel Michiquillay (Peru) Loma de Níquel (Venezuela) 91% Nickel Zinc/Lead Codemin (Brazil) Black Mountain (South Africa) 74% Barro Alto (Brazil) Gamsberg (South Africa) 74%

Phosphate products Copebrás (Brazil) 73%

Anglo American plc Fact Book 2008/9 ABOUT ANGLO AMERICAN 05 51% 63% 32% 49% 23% 70% 70% 20% 88% 88% 40% 50% 9.8% 37.1% 99.4% 69.2% 38.4%

74%-100%

Fact Book 2008/9 Book Fact

Overall ownership: 100% ownership: Overall Overall ownership: 100% ownership: Overall Overallownership:100% Anglo American plc Australia Dawson Complex Drayton German Creek (CapCoal) Jellinbah East Moranbah North Foxleigh Australia – other Coal Bay Dalrymple Terminal Pty Ltd Shippers Coal Newcastle PtyLtd 27% 25% 33% 50% 74.5%

*

OwnershipMarch 31 2009.onas Otherinterests South Africa Mafube South Africa other – Richards Bay Coal Terminal Canada Peace River Coal Colombia Carbones del Cerrejón Venezuela Carbones del Guasare * Otherinterests Aggregates and Building Materials Midland Quarry Products Otherinterests Ferrous Metals Kumba Iron Ore (South Africa) Samancor (South Africa and Australia) Minas-Rio (Brazil) Amapá (Brazil) LLX Minas-Rio (Brazil) Scaw Metals (worldwide) Exxaro Resources (southern Africa and Australia) Industries Tongaat-Hulett (southern Africa) Hulamin (South Africa) Australia – other Monash Energy Holdings Ltd New Vaal Nooitgedacht Australia Callide

(4)

(3)

(2) Kriel forms part of the proposed Anglo Inyosi Coal of which Anglo Coal will own 73%. The outstanding conditions On 29 January 2009 the Group acquired the remaining 40% shareholding in Tarmac Romania. On 26 January 2008 the Group acquired the remaining 50% shareholding in United Marine Holdings. precedent to the transactions are expected to be fulfilled by Q3 2009 following which the transaction will complete. An independently managed associate. managed independently An

 (4) (1) (2) (3) Tarmac Romania Tarmac International Holdings (Europe and Middle East) UnitedMarine Holdings Tarmac Poland Republic Czech Tarmac Tarmac Turkey (UK) Tarmac France (France and Belgium) Tarmac Germany Anglo Industrial Minerals Industrial Anglo 100% owned Aggregates and Building Materials Otherbusiness Landau New Denmark Isibonelo Kleinkopje Kriel Bank Goedehoop Greenside Anglo Coal Anglo 100% owned South Africa Vergelegen (South Africa) 100% owned Industries Bulk MetalsAngloFerrousIndustriesand 06 About Anglo American

History and timeline

1800 2000 2000 continued 1871: Diamonds discovered at Kimberley, 2000: Tarmac acquired by Anglo American plc. 2007: Demerger of Mondi, Anglo American’s South Africa. A further restructuring of the Colombian coal paper and packaging business, to become assets initially left Anglo Coal with 33% of an a dual-listed company on the London and 1886: Gold discovered on the Witwatersrand. enlarged venture which subsequently acquired Johannesburg stock exchanges. 50% of Cerrejón Zona Norte (CZN) from the 1910 Colombian government. 1917: Anglo American Corporation (AAC) of South Africa was founded to exploit the gold deposits east of Johannesburg. The £1 million authorised capital was raised largelyfrom British and American sources.

1920 1923: Platinum first discovered in South Africa Shareholding in AngloGold Ashanti reduced in the Bushveld Complex north of Nylstroom. 2001: Removal of cross-holding with De Beers. from 42% to 16.6%. De Beers is privatised after 112 years as a 1926: AAC becomes the largest shareholder listed company. Disposal of remaining 29% holding in Highveld in De Beers. Steel and Vanadium. 2002: Anglo Base Metals acquires the 1930 Disputada copper operations in Chile from Completion of the unbundling of Hulamin 1934: Diamond Trading Company formed as Exxon Mobil in November 2002. from Tongaat-Hulett, along with a separate a diamond selling company based in Kimberley JSE listing. and London. 2003: Anglo American acquires a major stake in Kumba Resources. Purchase of a 49% stake in the MMX Minas-Rio iron ore project in Brazil. 2004: AngloGold Ashanti merger completed in April 2004. Acquisition of the Michiquillay copper project in northern Peru and a 50% stake in the Pebble 2005: Anglo American announces the copper project in Alaska. outcome of the strategic review; to further rationalise and simplify the Group’s portfolio Acquisition of a 70% interest in the Foxleigh and structure and increase focus on controlled coal mine in Australia. mining businesses that leverage the core skills 1960 of the Group. Selling down of Anglo American’s stake in 1967: Mondi is incorporated. Exxaro from 23% to 10%, completed in Disposal of Boart Longyear and Samancor September 2007. Anglo American will continue 1970 Chrome in mid-2005. to hold a 10% shareholding until 2016. 1975: The various Anglo American Group 2006: Shareholding in AngloGold Ashanti 2008: Anglo American acquires control of the coal interests were merged into VEL and the reduced from 51% to 42%. Minas-Rio iron ore project and Amapá iron ore merged business was then renamed Anglo system in Brazil. American Coal Corporation Limited (Amcoal). Majority stake in Highveld Steel sold to Evraz 1990 and Credit Suisse. Sale of Namakwa Sands to Exxaro. 1997: Anglo Platinum becomes the single Restructuring of Kumba Resources to Sale of Tarmac Iberia S.A.U. to Holcim Spain, listed holding company for the Anglo separately list Kumba Iron Ore, of which a subsidiary of Holcim Ltd. Platinum group of companies: RPM, PPRust, Anglo American held 64%, and Exxaro, which Leplats and Anglo Platinum Limited. became South Africa’s largest black economic 2009: Sale of remaining 11.3% stake in empowered (BEE) natural resources company, AngloGold Ashanti. 1998: AngloGold is formed from the on the JSE Limited. separately listed South African companies, which then made up the Gold and Uranium Division of Anglo American.

1999: Anglo American plc is established by combining the business interests of Anglo and Minorco. This, together with a sweeping restructuring of the Group, has created one of the world’s largest mining and natural resource companies.

Anglo American plc Fact Book 2008/9 ABOUT ANGLO AMERICAN 07

objectives.

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Fact Book 2008/9 Book Fact billion, equal equal billion,

host governments to to earning and retaining retaining and earning to

the mining industry. These driver of Anglo of driver

improvesafetyperformance Anglo American plc licence to operate,licencewhyto which is collaboration with its stakeholders, stakeholders, its with collaboration

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Group’s are in themostattractiveinare market segments; andfuturescale,longlives have competitive;costare and offersignificant value creation potential. Building partnerships with governments governments with partnerships Building in seen be can approach this of example An In addition to organic growth plans, the plans, growth organic to addition In options; growth the mining sector, find solutions to the to solutions find sector, mining the

• • • • countries and communities where it operates. critical is levels all at the it seeks to engage with their complement and understand African South the with work collaborative the governmentto in challenges around electricity supply, and to 2009 will enable their continuing development development continuing their enable will 2009 withoutcausing undue penaltiesdelaysor that may impact their the of investment context the in action case, term short balancingessential long term key a are projects longtermgrowth andseveralare well timed onwards. 2011 from production enter to for expenditure capital Stay-in-business $1.3 to reduced was 2009 to 74% of depreciation. value targeted, pursue to continues Group acquisitive assessing In acquisitions. enhancing and rigorous a takes it opportunities, growth that: assets for looking approach, based value Partner of choice Engaging with stakeholders of history long a has American Anglo successful and communities, governments, including (NGOs). organisations non-governmental Only the in respected be and thrive Group the can

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in platinum.in the near, medium medium near, the

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long term, through both organic growth growth organic both through term, long number a across acquisitions targeted substantial reduction will be achieved

and export coal and capitalises on Anglo Anglo on capitalises and coal export and

Planned capital expenditure for 2009 2009 for expenditure capital Planned Theprojects offerscalepositionedandare

core market segments. The rapid and steep steep and rapid The segments. market core geographies. The Group’s approved project project approved Group’s The geographies. theexecutiveteams,including chiefnew Ferrous Metals – A Kumba Iron Ore truckin the open loading pit at Sishen Mine in South Africa

many of the Group’s major development development major Group’s the of many projects. The $3.2 billion of capitalon spent be will expenditure that majority of the commoditiesa as 2008 of producedhalf second the in Group by the uncertainty economic global of consequence near changed significantly a presented has term wide a completed recently has Company the expenditure capital its of review ranging programmes. The review focused to expected are that projects particularly prioritising on with term, near the in strongly most perform littledetrimental effectprojects on thatare development. of stage advanced an at already was This on spend capital rescheduling by principally positioned for growth in growth for positioned and and of $17 of order the of is pipeline attractive most the on focused is pipeline as such markets, commodity ore uniqueAmerican’s position in the lower half of the industry cost curves.The pipeline has the in potentialgains share market and togrowth deliver production strong all the for, demand and of, prices the in decline process, there have been significant changes changes significant been have there process, to executives for the base metals, coal2007. April since businesses andplatinum Growth Anglo American’s portfolio is strategically

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a

a thorough review of all key mining mining key all of review thorough a

management, knowledge sharing sharing knowledge management, Anglo’. This includesThis capitalising Anglo’. theon

value enhancing potential lies. prioritising capital expenditure towards towards expenditure capital prioritising uplifting the performance of its long life life long its of performance the uplifting culture performance stronger a integrating Furthermore, the Group is embedding The Asset Optimisation programmeOptimisation Asset The those businesses and development projects development and businesses those strongly most perform to expected are that in the near term. improvements; across the organisation andand streamlining model; management its asset base through cost and productivity productivity and cost through base asset

class performance along key performance key along performance class performance culture throughout the throughout culture performance

• • •

driven by value maximisation. As part of this this of part As maximisation. value by driven adherence to common standards and policies. a team management a building and organisation, Group’s global scale, with increased integration integration increased with scale, global Group’s in areas such as shared services and supplychain between sites and across business units and performance culture performance Group’s the goals, strategic its meet To to changed being is culture organisational ‘One platinum businesses, where some of the of some where businesses, platinum best stronger a Integrating Group’s assets and processes relative to best best to relative processes and assets Group’s in drivers. The benefits of this programmehave a particularwill impact on the coal and shared services by 2011. involves the benchmarking includes and operations cost and productivity performancetargeting programme, reduction cost substantial along with a savingscost frombillion of procurement $1 and Uplifting the performance performance the Uplifting of the asset base improve to initiated was drive major a 2007, In To achieve this, Anglo American is: for all other stakeholders– employees and – particularly communities governments, host on built be must performance. financial Investment of choice of Investment its outperform to seeks American Anglo shareholders. to value competitors delivering in achieve to hopes Group the that Everything the investment, partner partner investment, the of employer and global mining company. mining global theambition, that realise To become to striving is Group Anglo American’s strategy strategy American’s Anglo leading the become to is A global business fit for the future 08 About Anglo American

A global business fit for the futurecontinued

improve the teaching of maths and science in Inspecting a load haul truck in the vehicle workshop South African schools, to promote enterprise at Kumba Iron Ore’s Sishen mine in South Africa’s development and to make progress towards Northern Cape province. An improved maintenance the country’s transformation goals. planning process is creating additional utilisation Anglo American seeks to earn the consent of the truck fleet and support of the communities who live around its operations and potential projects. Such communities rightly expect to share in the benefits of mining. It is the Group’s aim to work with them to deliver meaningful and long lasting benefits, such as: • groundbreaking work to fight the HIV/AIDS epidemic in southern Africa; • offering pre-employment training to local people to enable them to acquire the skills needed to work at Group operations; • working with communities to improve their access to health services and education; • supporting farmers to help to improve their practices and income levels; and • promoting sustainable enterprise development in South Africa, Chile and Brazil. Anglo American cannot do this alone and it welcomes the knowledge, skills and expertise to be gained by working in partnership with NGOs, and with aid and development agencies. To help understand better the concerns, priorities and needs of local people the Group has also pioneered a unique process called the Socio-Economic Assessment Toolbox (SEAT), which is based on comprehensive local stakeholder engagement, assessment of the Group’s direct and indirect impacts and on seeking ways in which the core business can help to support improved local development outcomes.

Employer of choice Becoming the employer of choice for Anglo American begins with a guarantee to provide a safe and supportive working environment for everyone who works for the organisation. The commitment to zero harm remains the primary focus. The Group offers a range of career paths for both technical and professional people. With its global footprint and growth aspirations, Anglo American can offer both an exciting and a fulfilling employment proposition. Anglo American aims to attract the best people in the industry, and to facilitate and encourage professional and personal development for all Anglo employees. The Group is focused on developing talent and is actively interested in developing a diverse workforce where different experiences and points of view are supported and valued. Notably, women are being encouraged into the organisation in greater numbers and the Group endeavours to facilitate entry for individuals at all levels from graduate to senior management and from local recruitment to global appointments.

Anglo American plc Fact Book 2008/9 ABOUT ANGLO AMERICAN 09

Fact Book 2008/9 Book Fact (2) (2) (2) (3) (3) (8) (3) (3) (3) (6) (3) (3) (7) Anglo American plc 8.0 Mtpa thermal Mtpa 8.0 thermal Mtpa 14.7 thermal Mtpa 4.2 11 ktpa waterval converterrecoveries process Improve matte 650 tpd increased slagReplace cleaning 120 capacity kozpa refined180 kozpaplatinum refined platinumReplace 271 kozpa refined245 kozpa platinum refined platinum 36 ktpa nickel copper ktpa 173 13.0 Mtpa iron ore 26.5 Mtpa iron ore pellet9.0 feed Mtpa (wet iron basis) ore thermal Mtpa 6.6 volume Production copper ktpa 485 Fertiliser copper ktpa 225 40 ktpa nickel 32 ktpa nickel zinc ktpa 400 copper ktpa 300 copper ktpa 350 0.4 Mtpa iron ore ore iron Mtpa 10.0 10.0 Mtpa iron ore 2.0 Mtpa iron ore pellets26.5 Mtpa pellet feed (wetthermal basis) Mtpa 0.9 thermal Mtpa 6.4 thermal Mtpa 3.2 Production volume Production copper ktpa 31 0.6 millioncarats pa 1.6 million carats pa 0.7 million carats pathermal and semi-soft coking, Mtpa 5.7 thermal stage) (2nd Mtpa 3.0 4.0 Mtpa coking andthermal semi-softMtpa 5.4 thermal Mtpa 2.7 145 kozpa refined platinum130 kozpa refined platinum volume Production 100 kozpa refined platinum230 kozpa refined platinumReplace 200 kozpa refinedReplace platinum 70 kozpa refinedReplace platinum 108 kozpa refined11 ktpa platinum nickel (1) (1) produce sulphuric acid, phosphoric acid and niobium. and phosphoricacid acid, sulphuricproduce

49 66 60 30 80 3 6 $m $m $m 179 475 139 473 316 214 924 134 134 185 224 279 692 450 839 188 726 225 796 590 834 230 660 TBD TBD TBD TBD 290 588 200 800 1,180 1,670 1,930 1,621 1,065 Incremental production of 70 ktpa DCP, 88 ktpa low analysis fertiliser and ktpa 414 high analysisalso fertiliser. The project will to potential the have production.expansionsFurther phase increase production to 1 Mtpa. updated yearly at the time of the annual results. The progress on the unapproved projects will be reviewed and reviewed be projectswill unapproved the on progress The Total production of mine when project has ramped up to full 1,602 3,627 1,300 2,200 Capex Capex Capex

(7) (8) (9) 1,600-1,800 2,500-3,000 2,200-2,500

2014 2015 2014 2014 2016 2017 2018 2018 TBD TBD 2010 2014 2014 2015 TBD 2010 2011 2012 Q4 2009 Q3 2010 Q4 2010 Q2 2015 Q4 2016 Q1 2019 Q2 2018 Q3 2012 Q4 2012 Q4 2009 Q3 2013 Q1 2013 Q4 2010 Full production date 2011 Full Full production date Q4 2012 Q2 2010 Q2 2010 Q4 2015 Q1 2011 Q3 2010

2012 2012 2013 Q3 2009 Q4 2009 Q4 2009 Q2 2010 Q4 2011 Q1 2012 Q2 2017 Q1 2011 Q4 2011 Q4 2007 Q2 2012 H1 2012 Q3 2009 First production date 2010 2013 2014 2015 2016 2016 TBD TBD 2010 2013 2013 2014 TBD 2010 2011 2011 Completion date Completion Q4 2008 Q3 2008 Q4 2008 Q4 2008 Q4 2008 Q1 2009 Q1 2009 Q2 2008 Q1 2009 Q1 2009 Q1 2009 First production date Q3 2007 Q4 2007 Q4 2007 Q4 2007 Q2 2008 Q3 2009 South Africa South Africa South Africa South Africa South Brazil Africa South Africa South Africa South Colombia Africa South Africa South Chile Africa South Brazil Africa South Africa South Country Chile Brazil Peru Brazil Brazil Africa South Peru States United Country Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Africa South Brazil Country Chile Canada Canada Africa South Australia Colombia Australia Africa South Africa South Africa South Africa South 2009 production volume of 2.4 million ounces and project Anglo Platinum has rescheduled the timing of projects to match rescheduling beyond 2009 is currently under review. project. the of the expenditure level of $600 million. The impact of this Mogalakwena was formerly known as PPRust. Production represents average over the first ten years ten first the over average represents Production

(5) (6) (4) (5) (5)

(9) Minas-Rio phase 2 opencastHeidelberg opencast Elders underground Elders P40 Cerrejón New Largo Heidelbergunderground Jacaré phase 1 phase Jacaré Bone Sem Morro Gamsberg Michiquillay Pebble Sishen Expansion ProjectSishen phase Expansion 1B ProjectSishen 2 C Grade Pellet Sishen Zondagsfontein Project 1 phase expansion Collahuasi Goias II Quellaveco Twickenham Amandelbult No 4 ShaftStyldrift project Merensky phase 1 Barro Alto expansion Bronces Los expansionSishen Minas-Rio phase 1 South Sishen Mogalakwena North expansion North Mogalakwena replacement North Mogalakwena replacement ore Townlands Lebowa Brakfonteinexpansion refinery metals Merensky Base MC plant capacity expansionMainstream – phase inert 1 grindSlag projects cleaning furnacePaardekraal 2 MacWest JV Marikana JV Mototolo Project Amandelbult East Upper UG2 Collahuasi debottlenecking Collahuasi Victor Snap Lake Voorspoed Dawson Cerrejón Lake Lindsay Mafube Project (4) Represents 100% of average incremental or replacement replacement or incremental average of 100% Represents Pebble will produce molybdenum and gold by-products, Michiquillay will produce molybdenum, gold and silver silver and gold molybdenum, produce will Michiquillay molybdenum produce will projects other and by-products by-products. silver and Platinum projects reflect approved capex. capex. approved reflect projects Platinum production, at full production, unless otherwise stated. Capital expenditure shown on 100% basis in nominal terms. terms. nominal in basis 100% on shown expenditure Capital

Coal Ferrous Metals Ferrous Sector Metals Base Coal Futureunapproved Base Metals Base Metals Ferrous Sector Platinum Approved Platinum Coal Sector Metals Base Diamonds Completed in 2008 and Q1 2009 (1) (2) (3) The Group has a number of other projects under evaluation, including Der Brochen, Waterval phase 5, Frank ore replacement UG2, Turffontein ore replacement UG2, UG2, replacement ore Turffontein UG2, replacement ore Frank 5, phase Waterval Brochen, Der including evaluation, under projects other of number a has Group The Uniondeep shaft project, BRPMphase andUG2MRnorth 3 shaft, Pandora andJVGa-Phasha Platinum,inJV Cerrejón CoalandinGahcho P500 Diamonds.inKué Selected major projects 10 About Anglo American

A global business fit for the future continued

Performance

Financial highlights

Underlying earnings 2008 Geographical split of revenue, operating profit and net assets 2008 By business unit $m %

Platinum Australia and Asia South America

1,581 Diamonds 1,600 North America Base Metals 8 1,396 Europe

1,369 13

1,313 Ferrous Metals Rest of Africa 17 Coal South Africa 1,200 Industrial 20 43 Minerals 2 30 0 15 800 5 8 2 10 1

400 256 42 51 36 173

0 (2) Revenue Operating Net profit assets

Underlying earnings sensitivities 2008 Five year EBITDA history Operating margin $m $m %

Continuing operations Copper 275 Discontinued operations 30.6

ZAR/US$ 279 28.4 25.4 1,766 Coal 349 961 Platinum 144 10,431 10,431 11,171 11,171 11,847

Nickel 50 18.5

AUS$/US$ 110 14.7 8,959 Iron Ore 88 7,031 Zinc 45 Refers to 12 months to CLP/US$ 45 31 December 2008. Palladium 22 Excludes the effect of any hedging activities. Stated after tax at GBP/US$ 14 marginal rate. Sensitivities are the average of the positive and negative and reflect the impact of a 10% change in the average prices and 04 05 06 07 08 04 05 06 07 08 exchange rates during 2008.

Return on capital employed Underlying EPS growth % $

Continuing operations Discontinued operations 37.8 36.8 32.4 0.22 0.31 4.18 4.18 4.36 3.42 3.42 19.2 2.58 14.6 1.87

04 05 06 07 08 04 05 06 07 08

Anglo American plc Fact Book 2008/9 ABOUT ANGLO AMERICAN 11 (1) – – 16 2.7 556 396 506 380 2004 (611) 1.52 1.87 18.5 0.35 70.0 2.44 (765) 1.84 (391) 0.60 (385) (440) 2,178 7,031 3,612 1,434 1,434 1,672 5,547 5,359 3,941 3,997 2,847 3,857 1,094 3,543 5,291 3,501 3,832 2,684 14.7% 14.6% 17,181 25.4% 21.2% 27,713 (5,429) (8,243) (8,339) 23,125 (4,588) 22,610 35,816 35,956

(1) – 2 16 Fact Book 2008/9 Book Fact 2.9 111 470 401 468 2005 2.43 2.35 (412) (315) 33.0 2.58 20.0 2.30 0.28 0.08 90.0 (220) 7,172 1,787 1,447 7,265 3,933 5,556 3,736 3,335 8,959 1,302 5,963 3,521 5,549 5,030 3,538 5,250 3,822 17.0% (1,492) 19.2% 18.5% (3,957) (4,740) 26.0% (4,993) (1,208) 20,132 27,578 (8,399) 32,571 24,872 23,621 33,368

(1) 24 37 3.5 (71) 251 452 641 997 288 2006 67.0 3.51 0.70 3.73 45.5 0.31 3.42 4.21 (736) (398) 5,471 1,766 6,186 7,969 8,514 9,012 5,019 1,045 5,925 1,468 6,922 8,443 108.0 3,096 8,888 (1,177) 12.9% (4,413) 32.4% 25.4% (2,518) 38.7% 27,127 12,197 (5,790) (3,244) (2,856) 10,431 30,451 10,057 24,271 24,991 25,632 29,404 Anglo American plc

– 52 3.5 311 471 470 961 363 284 2007 4.18 1.54 42.0 4.40 5.58 4.04 0.22 (227) (108) (434) (877) (868) 9,111 6,128 8,172 5,761 124.0 5,477 9,375 7,304 1,966 1,309 8,929 9,845 9,590 8,821 2,044 (5,170) 37.8% 11,171 28.4% 40.4% (2,693) (6,261) (1,869) 12,132 20.0% (5,089) 25,470 22,461 24,330 30,559 29,569 25,090

– – – – – – – – 9.9 195 659 659 861 2008 4.36 4.36 44.0 4.34 4.34 28.3 (783) (401) (330) (905) 6,120 6,120 7,494 5,215 9,579 9,579 8,571 1,202 5,237 5,237 8,972 37.8 % (2,451) (1,535) (1,565) 30.6% (6,653) 36.8% (6,729) 38.0% 11,847 11,847 21,756 26,311 32,551 32,799 10,085 20,221 32,964 (11,051)

(5)

(8)

– total Group – total Group

(6)

(7)

– total Group – continuing operations continuing – operations discontinued – – total Group

(4) (2) (2) (2)

30 Consolidated cash flow analysis.

(6)

– continuing operations – discontinued operations – total Group (3) (3) (3)

more detail see note Underlying earnings is net profit attributable to equity shareholders, adjusted for the effect of special items and remeasurements and any related tax and minority interests. Return on capital employed is calculated as total operating profit before impairments for the year divided by the average of total capital less other investments and adjusted for impairments. EBITDA is operating profit before special items, remeasurements, depreciation and amortisation in subsidiaries and joint ventures and share of EBITDA of associates. EBITDAinterest EBITDAcoveris divided netfinanceby costs, excluding other net financial income, exchange gains lossesand on monetary assets liabilities,and amortisation of discounts on provisions, special itemsandfinancial remeasurements, but including share associates’ of net interest expense. derivative instruments thatFor provide an economic hedge of assets and liabilities in net debt (2008: liabilities of $297 million; 2007: assets of $388 million; 2006: assets of $193 million; 2005: nil; 2004: nil). Comparatives were adjusted in the 2007 Annual Report to reclassify amounts relating to discontinued operations where applicable. This differs from the Group’s measure of net debt as it excludes the net debt of disposal groups (2008: $8 million; 2007: $(69) million; 2006: $(80) million; 2005: nil; 2004: nil), and excludes the impact of impactof the excludes and nil), 2004: nil; 2005: million;$(80) 2006: million; $(69) 2007: million; $8 (2008: groupsdisposal of debt net the excludes it as debt net of measure Group’s the from differs This Total capital is net assets excluding net debt (excluding the impact of derivative instruments). Net debt to total capital is calculated as net debt (excluding the impact of derivative instruments) divided by total capital less investments in associates. in investments less capital total instruments)by dividedderivative impactof the (excluding debt net as calculated is capital total to debt Net

 

US$ million (unlessotherwise stated) Financial data Financial (7) (8) (4) (5) (6) Net debt to total capital (gearing) (1) (2) (3) discontinued operations discontinued Dividendsreceivedfrom associates andfinancial asset investments total – Group Return on capital employed capital total EBITDA/average Cash inflows from operations – investments asset financial and associates – from total received Dividends Group operations continuing – investments asset financial and associates from received Dividends Equity attributable to the equitycapital Total shareholders of the Companyoperations continuing – operations from inflows Cash Cashinflows from operations discontinued – operations Cash andcash equivalents and borrowingsNet assets classified as held for saleassets Net Minority interests Working capital Other net current liabilities Other non-current liabilities and obligations Ordinarydividend(based cover underlyingon earnings pershare)totalGroup – sheetBalance Intangible and tangible assets Other non-current assets and investments EBITDA EBITDA EBITDA interest cover Operatingmargin(before special itemsandremeasurements) totalGroup– Ordinary dividend per share (US cents)Special dividend per share (US cents)Weightedaveragebasicnumber shares outstanding of (million) EBITDA Earnings per share ($) – total Group Underlyingearnings continuing– shareper($) operations Underlyingearnings discontinued– shareper($) operations Underlying earnings per share ($) – total Group Underlyingearnings Underlyingearnings Earnings per share ($)operations – continuingdiscontinued – ($) share per Earnings operations Profit the for financial– total year Group Minority interests Profit attributable equity to shareholders Company the of Underlyingearnings Profit before tax Income tax expense Profit the for financial– continuing year operations Profit the for financial– discontinued year operations Net finance costs (including financingTotal profitremeasurements), from operations tax andand minorityassociatesNetfinance costs (including financing interests special items remeasurements)and of associates Less: Share of associates’ revenue Grouprevenue Operatingprofit including associates before special items and remeasurements Special items and remeasurements (excluding financing special items and remeasurements) Group revenue including associates including revenue Group