Anglo American announce production Report for Q1

Anglo American plc Interim management statement production Report for the Q1 ended March 31st 2009.

Overview

1. Platinum equivalent refined production in line with full year target; planned higher rates of smelting for the balance of 2009 are in line with expected refined platinum production of 2.4 million ounces for the year

2. Iron ore production in line with previous quarter and up 22% on the Q1 of 2008 as Sishen jig plant continues to ramp up

3. Coal and diamond production reduced in response to lower anticipated demand

4. Copper production decreased due to lower ore grades at Los Bronces, partly offset by higher production at Collahuasi

5. Balance sheet strengthened through series of measures to provide financial flexibility:

I. USD 4.7 billion of new financing secured

A. USD 2 billion bond issued strong demand and priced at bottom of range

B. USD 1.7 billion convertible bond issued strong demand, 35% conversion premium and priced below indicative range at 4% coupon

C. USD 1 billion BNDES loan finalised to finance Minas-Rio iron ore project

II. USD 1.8 billion of Total cash proceeds from sale of residual stake in AngloGold Ashanti sold at a strong price

III. Undrawn committed bank facilities and cash increased to over USD 9 billion

Anglo American has taken a series of proactive measures in response to the current economic environment and is positioned strongly to weather those conditions and to deliver long term shareholder value through its existing operations and its well funded growth pipeline of world class development projects.

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