AngloGold Ashanti Limited(Incorporated in the Republic of South Africa \ Reg. No. 1944/017354/06)ISIN No. ZAE000043485 - JSE share code: ANG \ CUSIP: 035128206 - NYSE sharecode: AUWebsite: www.anglogoldashanti.comNews Release10 February, 2014AngloGold Ashanti Enters into Agreement to Sell Navachab Mine(ANGLOGOLD ASHANTI - Press Release) AngloGold Ashanti is pleased to announcethat it has signed a binding agreement to sell its entire interest in AngloGoldAshanti Namibia (Proprietary) Limited ("AGAN"), a wholly owned subsidiary whichowns the Navachab Gold Mine ("Navachab"), to a wholly-owned subsidiary of QKRCorporation Limited ("QKR") (the "Transaction").The agreement provides for an upfront consideration based on an enterprisevalue of US$110 million which will be adjusted to take into account AGAN's netdebt and working capital position on the closing date of the Transaction("Closing Date"). The upfront consideration is payable in cash on the ClosingDate. In addition, AngloGold Ashanti will receive deferred consideration in theform of a net smelter return ("NSR"). The NSR is to be paid quarterly for aperiod of seven years following the second anniversary of the Closing Date andwill be determined at 2% of ounces sold by Navachab during a relevant quartersubject to an average gold price of US$1,350 per ounce being achieved andcapped at 18,750 ounces sold per quarter.The Transaction is subject to fulfilment of a number of conditions precedent,including Namibian and South African regulatory and third party approvals,which are expected to be obtained over the next several months."We are executing on our strategy to focus our efforts on assets of scale thatdrive value in the business," said Charles Carter, AngloGold Ashanti'sExecutive Vice President of Strategy and Business Development. "We're pleasedto have reached agreement to sell Navachab for fair value in the midst of adifficult market - we believe that QKR is the right group to take Navachabforward."Lloyd Pengilly, President of QKR, noted that "Navachab is QKR's firstacquisition and is the result of an extensive review process. We believeNavachab has significant potential and we look forward to working closely withthe management, staff and contractors of Navachab, the Government of Namibiaand Epangelo to steer the mine through its next phase of growth."AngloGold Ashanti will continue to operate Navachab until the closing of theTransaction.Further information on NavachabNavachab has been owned and operated by AngloGold Ashanti since the company wasformed in 1998. As at 31 December 2012, Navachab had gold Mineral Resources of4,410,000 ounces and gold Ore Reserves of 2,100,000 ounces. In the year ended31 December 2012, Navachab produced 74,000 ounces of gold at a cash cost ofUS$929 per ounce and for the nine months ended 30 September 2013 produced46,000 ounces of gold at a cash cost of US$755 per ounce. Navachab'scontribution represents less than 2% of AngloGold Ashanti's total production,Mineral Resources and Ore Reserves.Further information on QKRQKR is a private mining company focused on acquiring and building a diversifiedportfolio of development and growth assets in the EMEA region and the Americas.Further information on EpangeloEpangelo Mining Company (Pty) Ltd (Epangelo) is a private company with theGovernment of the Republic of Namibia as the sole shareholder. Epangelo wasfounded in 2008 and inaugurated on the 3rd of December 2009. The company wasestablished as a flagship to respond to the aspirations of government forincreased Namibian participation. It operates under various mineral policiesand regulations such the Minerals (Mining and Prospecting) Act No. 31 of 1992and the State Owned Enterprises Governance Act, respectively.Financial Advisers to AngloGold AshantiCIBC World Markets plcLegal Advisers to AngloGold AshantiENS AfricaSponsor to AngloGold AshantiUBS South Africa (Pty) LimitedENDS__________________________________________________________________________________________________________________Contacts for AGAMediaStewart +27-81-032-2563/Bailey +27-11-637-6031Chris +27-83-301-2481NthiteInvestorsinvestors@anglogoldashanti.comStewart +27-81-032-2563/Bailey +27-11-637-6031Fundisa Mgidi +27-82-821-5322Sabrina +1 (212) 858 7702 / +1Brockman 646 379 2555Contacts for QKRDavid +44-207-457-2031/+44(0)Simonson 7831-347-222Anca Spiridon +44-207-457-2842/+44(0) 7887-884-794Certain statements contained in this document, other than statements ofhistorical fact, including, without limitation, those concerning the economicoutlook for the gold mining industry, expectations regarding gold prices,production, cash cost savings and other operating results, return on equity,productivity improvements, growth prospects and outlook of AngloGold Ashanti'soperations, individually or in the aggregate, including the achievement ofproject milestones, commencement and completion of commercial operations ofcertain of AngloGold Ashanti's exploration and production projects and thecompletion of acquisitions and dispositions, AngloGold Ashanti's liquidity andcapital resources and capital expenditures and the outcome and consequence ofany potential or pending litigation or regulatory proceedings or environmentalissues, are forward-looking statements regarding AngloGold Ashanti'soperations, economic performance and financial condition. These forward-lookingstatements or forecasts involve known and unknown risks, uncertainties andother factors that may cause AngloGold Ashanti's actual results, performance orachievements to differ materially from the anticipated results, performance orachievements expressed or implied in these forward-looking statements. AlthoughAngloGold Ashanti believes that the expectations reflected in suchforward-looking statements and forecasts are reasonable, no assurance can begiven that such expectations will prove to have been correct. Accordingly,results could differ materially from those set out in the forward-lookingstatements as a result of, among other factors, changes in economic, social andpolitical and market conditions, the success of business and operatinginitiatives, changes in the regulatory environment and other governmentactions, including environmental approvals, fluctuations in gold prices andexchange rates, the outcome of pending or future litigation proceedings, andbusiness and operational risk management. For a discussion of such riskfactors, refer to the prospectus supplement to AngloGold Ashanti's prospectusdated 17 July 2012 that was filed with the Securities and Exchange Commission("SEC") on 26 July 2013. These factors are not necessarily all of the importantfactors that could cause AngloGold Ashanti's actual results to differmaterially from those expressed in any forward-looking statements. Otherunknown or unpredictable factors could also have material adverse effects onfuture results. Consequently, readers are cautioned not to place undue relianceon forward-looking statements. AngloGold Ashanti undertakes no obligation toupdate publicly or release any revisions to these forward-looking statements toreflect events or circumstances after the date hereof or to reflect theoccurrence of unanticipated events, except to the extent required by applicablelaw. All subsequent written or oral forward-looking statements attributable toAngloGold Ashanti or any person acting on its behalf are qualified by thecautionary statements herein.This communication may contain certain "Non-GAAP" financial measures. AngloGoldAshanti utilises certain Non-GAAP performance measures and ratios in managingits business. Non-GAAP financial measures should be viewed in addition to, andnot as an alternative for, the reported operating results or cash flow fromoperations or any other measures of performance prepared in accordance withIFRS. In addition, the presentation of these measures may not be comparable tosimilarly titled measures other companies may use. AngloGold Ashanti postsinformation that is important to investors on the main page of its website atwww.anglogoldashanti.com and under the "Investors" tab on the main page. Thisinformation is updated regularly. Investors should visit this website to obtainimportant information about AngloGold Ashanti.