AngloGold Ashanti Holdings plc Announces Pricing of Capped Cash Tender Offers for Part of Its 3.375% Notes Due 2028, 3.750% Notes Due 2030 and 6.500% Notes Due 2040

Key Terms

capped cash tender offers financial

A capped cash tender offer is a company’s proposal to buy back a limited amount of its own shares for cash, with a fixed ceiling on either the total money spent or the number of shares purchased. It matters to investors because it can raise the stock’s price by reducing supply and returning cash to shareholders, but the cap means not every seller may have all their shares accepted and purchases are often allocated proportionally.

aggregate purchase price financial

The aggregate purchase price is the total amount a buyer pays to acquire a company, assets or securities, including the headline payment plus any assumed debt, fees, taxes and contractually required adjustments. It matters to investors because it shows the true cost of a deal and how much value must be realized after the sale — like knowing the full price of a house once you add closing costs, repairs and outstanding mortgage obligations.

reference yield financial

The reference yield is the standard rate of return on a debt security, like a government bond, that investors expect to earn if they buy it at its current price. It acts like a benchmark, helping investors compare different bonds and decide if they are worth buying, much like checking the interest rate on a savings account to see how much you will earn over time.

u.s. treasury reference security financial

A U.S. Treasury reference security is a specific U.S. government bond or note chosen as the benchmark that other Treasury instruments use to set yields, prices, or interest payments. Think of it as the labeled item on a store shelf that other similar products are compared to; investors use it as a common yardstick to judge value, gauge interest-rate expectations, and price trades, so changes in that reference can move returns and market behavior.

fixed spread financial

A fixed spread is a set difference between the buying and selling prices of a financial instrument that remains constant regardless of market conditions. For investors, this means the cost to trade stays predictable, making it easier to understand potential expenses and plan accordingly—similar to a fixed fee in a service that doesn’t change, no matter how busy or slow the market becomes.

accrued interest financial

Accrued interest is the amount of interest that has built up on a loan, bond, or similar investment since the last payment date but has not yet been paid. For investors this matters because when you buy or sell a fixed‑income security between payment dates you compensate the other party for that earned interest—think of it like buying a house mid‑month and reimbursing the seller for days of heating already used—so it affects the actual cash you pay, the yield you receive, and short‑term returns.

proration factor financial

A proration factor is the percentage used to scale back how many shares or rights each investor receives when demand exceeds the available supply, such as in an oversubscribed offering or dividend distribution. It matters because it determines the actual number of shares an investor will get and the effective price or value per share they end up with — like cutting a limited number of pizza slices among more people than there are slices, so everyone gets a proportional piece.

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LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)-- 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

(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: liabilitymanagement.europe@citi.com

Goldman Sachs & Co. LLC 200 West Street New York, New York 10282 United States Attention: Liability Management Group Toll Free: +1 (800) 828-3182 Europe: +44 207 7744836 Email: Liabilitymanagement.eu@gs.com

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

Source: AngloGold Ashanti Holdings plc