ANGLOGOLD LIMITED

(Registration number 1944/017354/06)

(Incorporated in the Republic of South Africa)

ISIN : ZAE000043485

JSE Share Code : ANG

("AngloGold")

This announcement does not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale or distribution of securities in
any jurisdiction in which such offer, sale or distribution is not permitted

GOVERNMENT OF GHANA SUPPORTS ANGLOGOLD'S PROPOSED MERGER WITH ASHANTI
GOLDFIELDS COMPANY LIMITED

Earlier this week, the Board of Ashanti Goldfields Company Limited ("Ashanti")
confirmed its recommendation of AngloGold's revised merger proposal. AngloGold
is pleased that the Government of Ghana has made a statement supporting the
merger between AngloGold and Ashanti.

A more detailed announcement setting out the key terms of an agreement between
AngloGold and the Government of Ghana to facilitate the expeditious and optimal
development of the Obuasi mine's deep level ore reserves, will be made in due
course.

Shareholders are advised to continue to exercise caution when dealing in
AngloGold's securities until a further announcement is made.

Johannesburg

29 October 2003

AngloGold's JSE Sponsor: UBS

For further information contact:

AngloGold

Steve Lenahan                          +27 83 308 2200                       
                                                                             
Peta Baldwin                           +27 11 637 6647                       
                                                                             
Charles Carter                         +1 212 750 7999                       
                                                                             
Tomasz Nadrowski                       +44 7958 749555                       
                                                                             
                                       +1 917 912 4641                       
                                                                             
Andrea Maxey                           +61 8 9425 4604                       

UBS Investment Bank

James Hartop                           +44 20 7567 8000                      

First Africa

Kofi Adjepong-Boateng                  +27 11 327 3666                       

Citigate Sard Verbinnen

(US Media)

Paul Verbinnen                         +1 212 687 8080                       

Citigate Dewe Rogerson

(UK Media)

Patrick Donovan                        +44 20 7638 9571                      

Channel 2

(Ghanaian Media)

David Ampofo                           +233 21 666 643                       

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

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, including without limitation,
those statements concerning (i) timing, fulfillment of conditions, tax
treatment and completion of the Merger, (ii) the value of the transaction
consideration, (iii) expectations regarding production and cost savings at the
combined group's operations and its operating and financial performance and
(iv) synergies and other benefits anticipated from the Merger. Although
AngloGold and Ashanti believe 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 important terms of the Merger and important factors and
risks involved in the companies' businesses, which could cause the combined
group's actual operating and financial results to differ materially from such
forward-looking statements, refer to AngloGold's and Ashanti's filings with the
US Securities and Exchange Commission (the "SEC"), including AngloGold's annual
report on Form 20-F for the year ended 31 December 2002, filed with the SEC on
7 April 2003 and Ashanti's annual report on Form 20-F for the year ended 31
December 2002, filed with the SEC on 17 June 2003 and any other documents in
respect of the Merger that are furnished to the SEC by AngloGold or Ashanti
under cover of Form 6-K.

Neither AngloGold, Ashanti nor the combined group undertakes any obligation to
update publicly or release any revisions to publicly update any forward-looking
statements discussed in this announcement, whether as a result of new
information, future events or otherwise.

ADDITIONAL INFORMATION

In connection with the Merger, AngloGold will file with, or otherwise furnish
to, the SEC a scheme document/prospectus. Investors and security holders are
urged to carefully read the scheme document/prospectus regarding the Merger
when it becomes available, because it will contain important information.
Investors and security holders may obtain a free copy of the scheme document/
prospectus (when it is available) and other documents containing information
about AngloGold and Ashanti, without charge, at the SEC's website at
www.sec.gov. Copies of the scheme document/prospectus together with any SEC
filings that may be incorporated by reference in the scheme document/prospectus
may also be obtained free of charge by directing a request to: AngloGold
Limited, 11 Diagonal Street, Johannesburg 2001, PO Box 62117, Marshalltown
2107, South Africa, Attention: Chris R. Bull, Company Secretary, telephone +27
11 637 6000, fax: +27 11 637 6624.

UBS Investment Bank and First Africa Group Holdings (Pty) Limited ("First
Africa") are acting for AngloGold and no one else in connection with the Merger
and will not be responsible to anyone other than AngloGold for providing the
protections afforded to clients of UBS Investment Bank or First Africa or for
providing advice in relation to the Merger.



END