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AngloGold Ashanti Holdings plc (the " Offeror "), a company incorporated under the laws of the Isle of Man, announces today the pricing of the previously announced capped cash tender offers that the Offeror commenced on March 30, 2026 (the " Offers "), for up to $650,000,000 aggregate purchase price (exclusive of Accrued Interest), for part of its outstanding (i) $750,000,000 3.375% notes due 2028 (the " 2028 Notes "), (ii) $700,000,000 3.750% notes due 2030 (the " 2030 Notes ") and (iii) $300,000,000 6.500% notes due 2040 (the " 2040 Notes " and together with the 2028 Notes and the 2030 Notes, the " Notes "), issued by the Offeror and guaranteed by AngloGold Ashanti plc, a company incorporated under the laws of England and Wales (" AGA "). The terms and conditions of the Offers are described in an offer to purchase dated March 30, 2026 (the " Offer to Purchase "). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.
As of April 13, 2026 at 5:00 p.m. (New York City time) (the " Early Tender Time "), as reported by Kroll Issuer Services Limited, the Information & Tender Agent for the Offers, the principal amounts of the Notes listed in the table below had been validly tendered and not validly withdrawn.
The following table sets forth certain pricing information for the Offers, including the Total Consideration determined based on the Reference Yield of the applicable Reference Treasury Security at 10:00 a.m. (New York City time) on April 14, 2026:
| Title of Security | ISIN / CUSIP | Principal Amount Outstanding | Sub-Cap | Principal Amount Tendered as of the Early Tender Time | Principal Amount Accepted for Purchase | Pro-Ration Factor | Acceptance Priority Level | Reference Yield | U.S. Treasury Reference Security | Fixed Spread (basis points) (1) | Early Tender Payment | Total Consideration (2) | ||||||||||||
| 3.375% notes due 2028 | US03512TAF84 / 03512TAF8 | $750,000,000 | N/A | $558,561,000 | $558,561,000 | N/A | 1 | 3.796 % | UST 3.500% due March 15, 2029 | 50 | $50 | $978.03 per $1,000 principal amount | ||||||||||||
| 3.750% notes due 2030 | US03512TAE10 / 03512TAE1 | $700,000,000 | N/A | $446,457,000 | $106,560,000 | 28.7775% | 2 | 3.917 % | UST 3.875% due March 31, 2031 | 50 | $50 | $973.26 per $1,000 principal amount | ||||||||||||
| 6.500% notes due 2040 | US03512TAB70 / 03512TAB7 | $300,000,000 | $50,000,000 (3) | $78,925,000 | $0 | N/A | 3 | N/A | UST 4.125% due February 15, 2036 | 140 | $50 | N/A | ||||||||||||
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| (1) | The applicable Total Consideration is calculated with reference to the Fixed Spread in respect of the relevant series of Notes set out above and includes the Early Tender Payment. Each Total Consideration is calculated with reference to the relevant maturity date (or, as specified in the Offer to Purchase, the par call date) of the relevant Notes. | |
| (2) | Per $1,000 principal amount of Notes validly tendered and received by the Information & Tender Agent at or prior to the Early Tender Time and accepted for purchase and subject to the applicable Minimum Authorized Denomination. | |
| (3) | The aggregate maximum purchase price payable (exclusive of Accrued Interest) for the 2040 Notes pursuant to the relevant Offer is subject to a Sub-Cap of $50,000,000. |
The Offeror plans to accept (i) the entire principal amount of the 2028 Notes tendered in the applicable Offer and (ii) $106,560,000 principal amount of the 2030 Notes using a proration factor of approximately 28.7775% in accordance with the Offer to Purchase, in each case validly tendered and not validly withdrawn prior to the Early Tender Time. None of the tendered 2040 Notes will be accepted for purchase. Notes not accepted for purchase will be promptly returned or credited to the Holder's account.
The amount of each series of Notes to be purchased in the Offers on the Early Settlement Date has been determined in accordance with the Acceptance Priority Level specified in the table above, with 1 being the highest Acceptance Priority Level and 3 being the lowest Acceptance Priority Level, subject to the Aggregate Cap, the Sub-Cap and the proration arrangements described in more detail in the Offer to Purchase.
The Offers are being made upon and are subject to the terms and conditions set forth in the Offer to Purchase. The Offers will expire at 5:00 p.m., New York City time, on April 28, 2026, unless extended or earlier terminated. However, because the aggregate purchase price (exclusive of Accrued Interest) of all series of Notes validly tendered in the Offers at or prior to the Early Tender Time exceeds the Aggregate Cap, the Offeror will not accept for purchase any Notes validly tendered after the Early Tender Time, but before the Expiration Time, unless the Offeror increases the Aggregate Cap.
Holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Time and whose Notes were accepted for purchase will receive the applicable Total Consideration, which already includes the Early Tender Payment specified in the table above. In addition to the applicable Total Consideration, Accrued Interest from and including the most recent interest payment date applicable to the relevant series of Notes up to, but not including, the Early Settlement Date will be paid in cash on all validly tendered Notes accepted for purchase as described in the Offer to Purchase.
The Total Consideration and the Accrued Interest for the Notes accepted for purchase in the Offers is expected to be paid on the Early Settlement Date. The Early Settlement Date is expected to be April 16, 2026.
The Offeror's obligation to accept for payment and pay for the Notes validly tendered in the Offers is subject to the satisfaction or waiver of the conditions described in the Offer to Purchase.
Notes that are accepted in the Offers will be purchased by the Offeror and cancelled and will no longer remain outstanding obligations of the Offeror.
FURTHER INFORMATION
Questions and requests for assistance in connection with the Offers may be directed to the Dealer Managers:
| Citigroup Global Markets Limited Citigroup Centre Canada Square, Canary Wharf London E14 5LB United Kingdom Attention: Liability Management Group In Europe: +44 20 7986 8969 In the United States: Toll Free: +1 800 558 3745 Collect: +1 212 723 6106 Email: | Goldman Sachs & Co. LLC New York, New York 10282 United States Attention: Liability Management Group Toll Free: +1 (800) 828-3182 Europe: +44 207 7744836 Email: |
Questions and requests for assistance in connection with the tender of Notes including requests for a copy of the Offer to Purchase may be directed to:
| INFORMATION & TENDER AGENT |
| Kroll Issuer Services Limited |
| The News Building |
| 3 London Bridge Street |
| London SE1 9SG |
| United Kingdom |
| Attention: Owen Morris |
| Telephone: +44 20 7704 0880 |
| E-mail: anglogoldashanti@is.kroll.com |
| Offer Website: https://deals.is.kroll.com/anglogoldashanti |
NOTICE AND DISCLAIMER
Subject to applicable law, the Offeror or any of its affiliates may, at any time and from time to time, acquire Notes, other than pursuant to the Offers, through open market or privately negotiated transactions, through tender offers, exchange offers, redemptions or otherwise, or the Offeror may redeem Notes pursuant to their terms to the extent that such Notes then permit redemption. Any future purchases of Notes may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Offers, and could be for cash or other consideration.
This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which must be read carefully before any decision is made with respect to the Offers. If any Holder is in any doubt as to the action it should take or is unsure of the impact of the Offers, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, attorney, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to tender Notes in the Offers (or to validly withdraw any such tender). None of the Offeror, the Dealer Managers, the Information & Tender Agent or any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether Holders of Notes should participate in the Offers.
Cautionary Statement
Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, mine life, total cash costs, all-in sustaining costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects, preliminary financial and production metrics for in-process projects, the ability to convert mineral resource into mineral reserve and replace mineral reserves net of depletion from production and outlook of AGA's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AGA's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AGA's liquidity and capital resources and capital expenditures and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental health and safety issues, are forward-looking statements regarding AGA's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AGA's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AGA believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics, the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in AGA's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AGA's annual report on Form 20-F for the year ended December 31, 2025, which has been filed with the United States Securities and Exchange Commission (the " SEC "). These factors are not necessarily all of the important factors that could cause AGA's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AGA's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AGA undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AGA or any person acting on its behalf are qualified by the cautionary statements herein.
General
This announcement is for informational purposes only and shall not constitute an offer to buy, a solicitation to buy or an offer to sell any securities. The Offers are being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. Please see the Offer to Purchase for certain important information on offer restrictions applicable to the Offers.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414805239/en/
Media
Andrea Maxey
+61 08 9425 4603 / +61 400 072 199
amaxey@aga.gold
General inquiries
media@anglogoldashanti.com
Investors
Andrea Maxey
+61 08 9425 4603 / +61 400 072 199
amaxey@aga.gold
Yatish Chowthee
+27 11 637 6273 / +27 78 364 2080
yrchowthee@aga.gold
Website: www.anglogoldashanti.com
