AGM & proxy voting

Anglo American plc (“Anglo American”) announces that at an Extraordinary General Meeting of holders of its existing ordinary shares (“Existing Anglo American Ordinary Shares”) held yesterday to approve the demerger and public listing of its paper and packaging subsidiary, Mondi Group (“Mondi”) (the “Demerger”) and a share consolidation of Existing Anglo American Ordinary Shares, all of the proposed resolutions were duly passed by the requisite majorities.

Following the receipt of shareholder approval, if the reduction of capital of Mondi plc (the “MPLC Reduction of Capital”) is approved by the Court on 2 July 2007, Mondi will be demerged as a dual-listed company structure, comprising Mondi Limited (“MLTD”), a South African incorporated company holding Mondi's African assets, and Mondi plc (“MPLC”), a UK incorporated company holding Mondi's non-African assets. If the Demerger becomes effective, holders of ordinary shares in Anglo American will receive both ordinary shares in MLTD (“MLTD Ordinary Shares”) and ordinary shares in MPLC (“MPLC Ordinary Shares”) in proportion to their holdings of Existing Anglo American Ordinary Shares. 

Immediately following the Demerger, there will be a consolidation of Existing Anglo American Ordinary Shares (the “Anglo American Share Consolidation”).

Following the Demerger and Anglo American Share Consolidation, for every 100 Existing Anglo American Ordinary Shares held, Shareholders will receive:

• 25 MPLC Ordinary Shares;
• 10 MLTD Ordinary Shares or MLTD depository interests; and
• 91 New Anglo American Ordinary Shares.

For information, the results of the voting were as follows: