Ashanti and Anglogold Merger becomes Effective

26 Apr 2004

Ashanti Goldfields Company Limited (?Ashanti?) is pleased to announce that at the court hearing held on 23 April 2004, the High Court of Ghana confirmed the scheme of arrangement required to implement the merger with AngloGold Limited.

A copy of the court order confirming the scheme has been delivered to the Ghanaian Registrar of Companies today and the merger has now become effective. Dealings in the new AngloGold Ashanti securities are expected to commence tomorrow, 27 April 2004.

Sam Jonah, Chief Executive Officer of Ashanti, who will be President of AngloGold Ashanti following the merger, said ?Today is a momentous day for gold mining in Africa and opens a new chapter in the history of Ashanti It is interesting that this occurs on the tenth anniversary of the day Ashanti became a public listed company?.


For further information contact:

Ashanti Goldfields Company Limited
Ernest Abankroh
Tel: +233 21 774 977
Kwaku Akosah-Bempah
Tel: +233 21 778 173
James Anaman
Tel: +233 21 778 178

Grandfield
UK Investors and Media
Charles Cook
Matthew Jervois
Tel: +44 20 7417 4170

The Global Consulting Group
North American Contact
Allan Jordan
Tel: +1 646 284 9452

CIBC World Markets
Andy Quinn
Tel: +44 20 7234 6000

Certain statements in this announcement are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.

For a discussion of the important factors and risks involved in Ashanti?s business refer to Ashanti?s filings with the U.S. Securities and Exchange Commission (the ?Commission?), including Ashanti?s amended annual report on Form 20-F/A for the year ended 31 December 2002, filed with the Commission on 17 June 2003.

Ashanti does not undertake any obligation to update publicly any forward-looking statements discussed in this announcement, whether as a result of new information, future events or otherwise.