For further information:
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Tel: +44 (0)7817 735 337
Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192
South Africa
Anna Poulter, Investor Relations
Tel: +27 (0)11 638 2079
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
About Anglo American
Anglo American plc is one of the world’s
largest mining groups. With its subsidiaries, joint ventures and
associates, it is a global leader in platinum group metals and
diamonds, with significant interests in coal, base and ferrous
metals, as well as an industrial minerals business. The Group is
geographically diverse, with operations in Africa, Europe, South
and North America, Australia and Asia.
(www.angloamerican.co.uk)
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Takeover Code (the
"Code"), if any person is, or becomes, "interested" (directly or
indirectly) in 1% or more of any class of "relevant securities" of
Anglo American or Xstrata plc ("Xstrata"), all "dealings" in any
"relevant securities" of that company (including by means of an
option in respect of, or a derivative referenced to, any such
"relevant securities") must be publicly disclosed by no later than
3.30 pm (London time) on the London business day following the date
of the relevant transaction. This requirement will continue until
the date on which the offer becomes, or is declared, unconditional
as to acceptances, lapses or is otherwise withdrawn or on which the
"offer period" otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or
informal, to acquire an "interest" in "relevant securities" of
Anglo American or Xstrata, they will be deemed to be a single
person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all "dealings" in
"relevant securities" of either Anglo American or Xstrata by Anglo
American or Xstrata, or by any of their respective "associates",
must be disclosed by no later than 12.00 noon (London time) on the
London business day following the date of the relevant
transaction.
A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed, and the
number of such securities in issue, can be found on the Takeover
Panel's website at
www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has
long economic exposure, whether absolute or conditional, to changes
in the price of securities. In particular, a person will be treated
as having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.
Terms in quotation marks are defined in the Code, which can also
be found on the Takeover Panel's website. If you are in any doubt
as to whether or not you are required to disclose a "dealing" under
Rule 8, you should consult the Panel.