AngloGold Ashanti comments on Legislative changes in Tanzania

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AngloGold Ashanti notes that the Tanzania Parliament has
enacted The Natural Wealth and Resources (Permanent Sovereignty) Bill 2017 and The Natural Wealth
and Resources Contracts (Review and re-negotiation of unconscionable terms) Bill 2017 on July 3,
2017.

The bills, which were first tabled for comment on June 29, 2017 will be sent to the Honourable President
John P.J. Magafuli for his assent. Once assented to the Minister will then publish in the Gazette the
date on which the new laws will take effect.

It is further noted that the Written Laws (Miscellaneous amendments) Bill 2017 has been tabled in
Parliament and is under debate.

AngloGold Ashanti will, in the context of its existing Mine Development Agreement, analyse these laws
once they are passed and will provide updates in due course.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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