AngloGold Ashanti acquire Golden Cycle Gold Corporation

AngloGold Ashanti Limited, a global gold producer with 21 operations on four continents, announces that shareholders of Golden Cycle Gold Corporation (GCGC) have given their approval to the merger of a fully owned subsidiary of AngloGold Ashanti with the GCGC.

A decision in this regard was taken at the GCGC special meeting of shareholders held on 30 June 2008 in Victor, Colorado when GCGC shareholders representing 7,036,949 shares of GCGC common stock voted in favour of the merger.

This clears the way of merger, which became effective at 0:01 on 1 July 2008.

As a result, AngloGold Ashanti will acquire 100% of GCGC by way of a statutory merger under Colorado law and subsequently, AngloGold Ashanti will own 100% of Cripple Creek & Victor Gold Mining Company (CC&V).

The Bank of New York, c/o BNY Mellon Shareowner Services, New York, has been appointed as exchange agent for the merger.

R. Herbert Hampton, Chief Executive Officer and President of GCGC, said we are pleased that shareholders representing approximately 71.85% of our common stock have expressed their confidence in AngloGold Ashanti by approving the merger.

This concludes the long history of Golden Cycle, and we look forward to beginning a new chapter as shareholders of AngloGold Ashanti, added Mr. Hampton.