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02 March 2005

Boart Longyear

Anglo American plc has received a number of approaches for the purchase of Boart Longyear and is, accordingly, undertaking a formal process to determine whether shareholder value would be maximised by the sale of the group.

Although no final decision has yet been taken to dispose of Boart Longyear, it is expected that such a decision will be made before the end of the second quarter of 2005 at which time a further statement will be made to stakeholders.

Boart Longyear, a wholly owned subsidiary of Anglo Ferrous Metals and Industries, is a leading provider of drilling services, tools and equipment for the natural resource industry, the construction and quarrying industries and industrial markets worldwide.

The information contained in press releases, annual or interim reports, analyst presentations, and financial information should not be deemed accurate or current except as of the date of issue. Anglo American plc does not, does not intend to, and specifically disclaims any duty to, update or correct such information.

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

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

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