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02 July 2007

Court approval of the reduction of capital of Mondi plc

Anglo American plc (“Anglo American”) and the Mondi Group (“Mondi”) announce the following event has now occurred in connection with the demerger of Mondi from Anglo American (the “Demerger”) and establishment of Mondi 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.

As described in the Circular and the Prospectus, the Demerger of Mondi involves a proposed reduction of capital of MPLC (the “MPLC Reduction of Capital”). The High Court of Justice of England and Wales (the “Court”) approved the MPLC Reduction of Capital at 10.00 a.m. today. The Court order approving the MPLC Reduction of Capital is expected to be registered with the Registrar of Companies at approximately 4.00 p.m. today. Following the registration of the Court order, Mondi will be held as a dual-listed company structure, comprising MLTD and MPLC.

Upon the Demerger becoming effective and the listing of and commencement of dealings in MPLC Ordinary Shares on the London Stock Exchange and MPLC Ordinary Shares and MLTD Ordinary Shares on the JSE (together, “Admission”) at 8.00 a.m. London time (9.00 a.m. South African time) on Tuesday, 3 July 2007, holders of Anglo American Ordinary Shares will receive both MLTD Ordinary Shares and MPLC Ordinary Shares in proportion to their holdings of Anglo American Ordinary Shares (prior to the share consolidation of Anglo American which occurred at 8.00 a.m. on 2 July 2007 (the “Anglo American Share Consolidation”)), on the following basis:

For every 100 Anglo American Ordinary Shares held prior to the Anglo American Share Consolidation 25 MPLC Ordinary Shares and 10 MLTD Ordinary Shares or MLTD depository interests

The JSE record time for holders of existing Anglo American Ordinary Shares held in uncertificated form via the Strate system will be 5.00 p.m. (South African time) on 6 July 2007.

Upon the Demerger becoming effective, settlement in respect of the New Anglo American Ordinary Shares and the MPLC Ordinary Shares and MLTD Ordinary Shares to which shareholders will become entitled is expected to be effected on the basis described in the Circular and the Prospectus.

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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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