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Anglo American plc notification: Kumba Resources Limited's annual results 2005

17 February, 2006

Anglo American plc notification: Kumba Resources Limited's annual results 2005

Anglo American wishes to draw attention to Kumba's announcement of their annual results for the year ended 31 December 2005.

Anglo American will report underlying earnings in respect of Kumba of US$261 million for the year ended 31 December 2005, which takes into account certain adjustments.

Kumba Resources Limited $m
IFRS headline earnings (US$ equivalent of published) 373
Depreciation on assets fair valued on acquisition (net of tax) (16)
Impact of change in South African corporate tax rate on assets fair valued on acquisition 10
Exploration 21
Other adjustments (6)
  382
Minority interest (130)
STC credit on special dividends 9
Contribution to Anglo American plc underlying earnings 261

Anglo American will report annual results for the year ended 31 December 2005 on 22 February 2005.

The above figures are unaudited.

Underlying Earnings
In previous reporting periods the Group has reported Headline Earnings as its primary earnings measure, using the definition of Headline Earnings which is required to be disclosed by the Johannesburg Stock Exchange Limited ('JSE Ltd'), consistent with that given by the Institute of Investment Management and Research ('IIMR').

Following the adoption of International Financial Reporting Standards, as well as consideration of other restrictions of the definition, the Group believes that an alternative measure would provide a clearer picture of the underlying performance of the Group.

Consequently, the Group has adopted 'Underlying Earnings' as its principal measure of earnings. 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. Special items include those items of financial performance which the Group believes should be excluded from performance earnings, and principally relate to impairment and significant closure costs, exceptional legal provisions and profit or loss on disposals. Remeasurements include unrealised gains and losses on non-hedge derivative instruments that are recorded in the income statement.

Headline Earnings and Headline EPS for the Group will also continue to be reported to comply with JSE Ltd listing requirements, and a full reconciliation will be provided between Underlying Earnings and Headline Earnings.

For further information:

Anglo American plc
20 Carlton House Terrace London SW1Y 5AN United Kingdom
Tel: +44 (0)20 7968 8888 Fax: +44 (0)20 7968 8500
www.angloamerican.co.uk

Registered office as above. Incorporated in England and Wales under the Companies Act 1985. Registered Number 3564138

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