Demerger of Mondi Share Capital Information
29 June, 2007
Anglo American plc (“Anglo American”) and the Mondi Group (“Mondi”) announce the following information in relation to the share capital of Anglo American plc, Mondi Limited (“MLTD”) and Mondi plc (“MPLC”) in connection with the proposed demerger of Mondi from Anglo American (the “Demerger”) and establishment of Mondi as a dual-listed company structure, comprising MLTD, a South African incorporated company holding Mondi's African assets, and MPLC, a UK incorporated company holding Mondi's non-African assets.
As at 29 June 2007, the issued ordinary share capital of Anglo American consisted of 1,541,657,700 ordinary shares of US$0.50 each, (“Anglo American Ordinary Shares”) of which 72,694,480 such shares were held as treasury shares. No change in the number of such issued Anglo American Ordinary Shares is expected prior to the record time (12.01 a.m. on 2 July 2007 (the “Record Time”)) for the Demerger and the proposed consolidation of Anglo American Ordinary Shares (the “Anglo American Share Consolidation”) described in the circular to holders of Anglo American Ordinary Shares dated 1 June 2007 (the “Circular”) and the prospectus for the Mondi Group dated 1 June 2007 (the “Prospectus”).
As described in the Circular and the Prospectus, following the passing of the resolutions at the Extraordinary General Meeting of Anglo American held on 25 June 2007, it is expected that the dividend in specie proposed to be paid to the holders of Anglo American Ordinary Shares at the Record Time to effect the distribution to shareholders of MPLC Ordinary Shares as the first step in the Demerger, and which is more fully described in the Circular and the Prospectus (the “Demerger Dividend”), will be paid at 12.30 a.m. on 2 July 2007.
Following payment of the Demerger Dividend, and admission to the Official List of the UKLA and to trading on the London Stock Exchange and the JSE of the new ordinary shares in Anglo American which will arise from the Anglo American Share Consolidation, which is expected to be at 8.00 a.m. (London time) on 2 July 2007, the Anglo American Share Consolidation will become effective with the result that for every 100 existing Anglo American Ordinary Shares held at the Record Time, shareholders will receive 91 new Anglo American ordinary shares of 5486/91 US cents each (the “New Anglo American Ordinary Shares”).