6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2024

Commission File Number: 001-41815

AngloGold Ashanti plc

(Translation of registrant’s name into English)

4th Floor, Communications House

South Street

Staines-upon-Thames, Surrey TW18 4PR

United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form

20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

Enclosure:  AngloGold Ashanti Earnings Release for the Six Months and the Year Ended 31 December

2023; Announcement of Annual General Meeting Date; Announcement of Restatement of Previously

Issued Financial Statements

London, Denver, Johannesburg, 19 March 2024 – AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) is pleased to

provide its preliminary unaudited condensed consolidated financial statements as of and for the six months and the year ended 31

December 2023 (the “FY 2023 Earnings Release”).

FY 2023 Financial and Operating Update

The FY 2023 Earnings Release should be read together with AngloGold Ashanti’s preliminary financial update for the six months and the

year ended 31 December 2023, which was published by the Company on 23 February 2024 (the “FY 2023 Preliminary Financial Update”).

No changes have been made in the FY 2023 Earnings Release with respect to the production, cost or cash flow information included in the

FY 2023 Preliminary Financial Update. The FY 2023 Preliminary Financial Update combined with the FY 2023 Earnings Release provide the

Company’s financial and operating update for the six months and the year ended 31 December 2023.

Announcement of Annual General Meeting Date

The 2024 Annual General Meeting of AngloGold Ashanti (“AGM”) will be held on Tuesday, 28 May 2024 in Denver, Colorado, USA.

Shareholders are encouraged to participate in the AGM virtually and further details on how to participate and vote in the AGM will be set out

in the AGM Notice to be published by AngloGold Ashanti in due course. The record date for the AGM is Tuesday, 2 April 2024.

Non-Reliance on and Restatement of Previously Issued Financial Statements

As previously reported in the FY 2023 Preliminary Financial Update, during the FY 2023 year-end audit process, AngloGold Ashanti found a

potential error in the calculation of a deferred tax asset with respect to the Obuasi mine, which impacts its audited consolidated financial

statements as of and for the year ended 31 December 2022 and its unaudited condensed consolidated interim financial statements as of

and for the six-month period ended 30 June 2023. Following further discussions regarding this matter with its previous auditor, Ernst &

Young Inc., and its current auditor, PricewaterhouseCoopers Inc., AngloGold Ashanti has concluded that the affected financial statements

contained errors and has determined that it will restate the affected financial statements in accordance with International Financial Reporting

Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). The error related to the reported amount of the

deferred tax asset with regard to the Obuasi mine is non-cash in nature and has no impact on production, costs or cash flow. For further

information, refer to “Non-Reliance on and Restatement of Previously Issued Financial Statements” on pages 2 to 6 below.

GROUP - Key statistics
	Six months	Six months	Six months	Year	Year
	ended	ended	ended	ended	ended
	Dec	Jun	Dec	Dec	Dec
	2023	2023	2022	2023	2022
		Restated(2)	Restated(2)		Restated(2)
	US Dollar / Imperial
Financial review
(Loss) profit before taxation	(13)	76	62	63	472
Adjusted EBITDA*	744	676	923	1,420	1,792
(Loss) profit attributable to equity shareholders	(196)	(39)	(69)	(235)	233
	(47)	(9)	(16)	(56)	55
Headline (loss) earnings(1)	(107)	61	185	(46)	489
	(25)	14	44	(11)	116
Total borrowings	2,410	2,091	2,169	2,410	2,169
Adjusted net debt*	1,268	1,194	878	1,268	878
Total borrowings to profit (loss) before taxation	38.25	15.15	4.60	38.25	4.60
Adjusted net debt* to Adjusted EBITDA*	0.89	0.75	0.49	0.89	0.49
(1) The financial measures “headline (loss) earnings” and “headline (loss) earnings per share” are not calculated in accordance with IFRS. These measures, however, are required to be disclosed by the Johannesburg Stock Exchange (JSE) Listings Requirements and therefore do not constitute Non-GAAP financial measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP financial measures.
(2) For further information, refer to “Non-Reliance on and Restatement of Previously Issued Financial Statements” on pages 2 to 6 below.
* Refer to “Non-GAAP disclosure” for definitions and reconciliations.
represents US Dollar, unless otherwise stated.
Rounding of figures may result in computational discrepancies.

All values are in US Dollars.

AngloGold Ashanti releases preliminary unaudited condensed

consolidated financial statements as of and for the six months and the

year ended 31 December 2023, and announces annual general meeting

date and restatement of previously issued financial statements

FY 2023 EARNINGS RELEASE

for the six months and the year ended 31 December 2023

FINANCIAL REVIEW

Full year review

Earnings

The basic loss (loss attributable to equity shareholders) for the year ended 31 December 2023 was $235m, or 56 US cents per share,

compared with basic earnings (profit attributable to equity shareholders) of $233m, or 55 US cents per share, for the year ended 31

December 2022. Basic earnings were down year-on-year mainly due to lower gold sold (54 US cents per share), higher costs related to the

corporate restructuring (taxes and fees) (75 US cents per share), higher environmental provisions for legacy tailings storage facilities

(“TSFs”) (16 US cents per share), higher care and maintenance and retrenchment costs associated with the Córrego do Sítio (“CdS”)

operation that was placed on care and maintenance in August 2023 (15 US cents per share), higher operating and exploration costs (40 US

cents per share), higher foreign exchange losses (7 US cents per share), and higher tax expense (15 US cents per share). These effects

were partially offset by higher equity-accounted joint venture income (11 US cents per share), higher finance income (11 US cents per

share), lower impairments and derecognitions recognised in Brazil (26 US cents per share), and a higher average gold price received per

ounce* (76 US cents per share).

Headline loss‡ for the year ended 31 December 2023 was $46m, or 11 US cents per share, compared with headline earnings of $489m, or

116 US cents per share, for the year ended 31 December 2022. Headline earnings‡ were down year-on-year mainly due to lower gold sold

(54 US cents per share), higher costs related to the corporate restructuring (taxes and fees) (75 US cents per share), higher environmental

provisions for legacy TSFs (16 US cents per share), higher care and maintenance and retrenchment costs associated with CdS (15 US

cents per share), higher operating and exploration costs (40 US cents per share), higher foreign exchange losses (7 US cents per share),

and higher tax expense (9 US cents per share). These effects were partially offset by higher equity-accounted joint venture income (11 US

cents per share), higher finance income (11 US cents per share), and a higher average gold price received per ounce* (76 US cents per

share).

Adjusted EBITDA*

Adjusted earnings before interest, tax, depreciation and amortisation (“Adjusted EBITDA”)* for the year ended 31 December 2023 was

$1,420m, compared with $1,792m for the year ended 31 December 2022. Adjusted EBITDA* was lower year-on-year mainly due to higher

total operating costs, higher exploration and evaluation costs, higher environmental provisions for legacy TSFs as a result of new legislation

in Brazil relating to emergency response and safety management for TSFs, costs related to the corporate restructuring and lower gold sold.

This decrease was partially offset by higher equity-accounted joint venture income and the higher average gold price received per ounce*.

Balance Sheet

Adjusted net debt* increased to $1,268m at 31 December 2023 from $878m at 31 December 2022. This year-on-year increase is mainly due

to lower cash generation from operating activities, lower dividends received from the Kibali joint venture and the once-off costs associated

with the corporate restructuring. The ratio of Adjusted net debt* to Adjusted EBITDA* was 0.89 times at 31 December 2023 from 0.49 times

at 31 December 2022. The Company remains committed to maintaining a strong balance sheet with an Adjusted net debt* to Adjusted

EBITDA* target ratio of 1.0 times through the cycle. The balance sheet remained strong at year-end. At 31 December 2023, the Company

had cash and cash equivalents of approximately $955m (net of bank overdraft).

Second half year review

Earnings

The basic loss (loss attributable to equity shareholders) for the second half of 2023 was $196m, or 47 US cents per share, compared to a

basic loss of $69m, or 16 US cents per share, for the second half of 2022.

Headline loss‡ for the second half of 2023 was $107m, or 25 US cents per share, compared to headline earnings‡ of $185m, or 44 US cents

per share, for the second half of 2022.

Adjusted EBITDA*

Adjusted EBITDA* was $744m during the second half of 2023, compared to $923m during the second half of 2022.

‡ The financial measures “headline (loss) earnings” and “headline (loss) earnings per share” are not calculated in accordance with IFRS. These measures,

however, are required to be disclosed by the Johannesburg Stock Exchange (JSE) Listings Requirements and therefore do not constitute Non-GAAP financial

measures for purposes of the rules and regulations of the SEC applicable to the use and disclosure of Non-GAAP financial measures.

* Refer to “Non-GAAP disclosure” for definitions and reconciliations.

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NON-RELIANCE ON AND RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

As previously announced in the FY 2023 Preliminary Financial Update, on 21 February 2024, the Audit and Risk Committee of the board of

directors (the “Audit Committee”) of the Company, as successor issuer to AngloGold Ashanti Limited (currently known as AngloGold Ashanti

(Pty) Ltd) (“AGA Limited”), based on the recommendation of, and after consultation with, management, concluded that (i) AGA Limited’s

previously issued audited consolidated financial statements as of and for the financial year ended 31 December 2022, included in the annual

report on Form 20-F for the year ended 31 December 2022 filed by AGA Limited with the United States Securities and Exchange

Commission (“SEC”) on 17 March 2023 (the “2022 Form 20-F”) (the “Original Full-Year 2022 Financial Statements”) and (ii) AGA Limited’s

previously issued unaudited condensed consolidated interim financial statements as of and for the six-month period ended 30 June 2023,

included in a report on Form 6-K filed by AGA Limited with the SEC on 4 August 2023 (the “Half-Year 2023 Form 6-K”) (the “Original Half-

Year 2023 Financial Statements” and together with the Original Full-Year 2022 Financial Statements, the “Affected Financials”), should no

longer be relied upon.

The Company has concluded that the Affected Financials contained an error related to the reported amount of the deferred tax asset with

regard to the Obuasi mine. The Company believes the error relates to an incorrect interpretation of Ghanaian tax law with respect to the

Obuasi mine, combined with the use of incorrect underlying data in the deferred tax model and the potential misapplication of the

requirements of International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”),

specifically, of IAS 12 – Income Taxes, in both cases with respect to the Obuasi mine. The Affected Financials will accordingly be restated in

accordance with IFRS as issued by the IASB. Additionally, as part of preparing the restatements of the Affected Financials, the Company will

also correct other immaterial errors which it identified in those Affected Financials.

Following further discussions regarding this matter with Ernst & Young Inc., AGA Limited’s independent registered public accounting firm for

the financial year ended 31 December 2022, and PricewaterhouseCoopers Inc., the Company’s independent registered public accounting

firm for the financial year ended 31 December 2023, the Company has determined that it needs to restate the Affected Financials resulting in

a reduction in profit for the year ended 31 December 2022 by $49m and a reduction in profit for the half year ended 30 June 2023 by $79m

due to the error related to the reported amount of the deferred tax asset with regard to the Obuasi mine as mentioned above. The Company

will also correct other immaterial errors previously identified in the Affected Financials, which will further reduce profit for the year ended

31 December 2022 by $16m and further reduce profit for the half year ended 30 June 2023 by $1m. For further information on the

preliminary estimated restated amounts, refer to “—Schedules of Affected Items” below. The Company notes that such errors have an

aggregate negative impact of $65m on profit for the year ended 31 December 2022 (compared to up to approximately $113m as previously

disclosed in its FY 2023 Preliminary Financial Update) and an aggregate negative impact of $80m on profit for the half year ended 30 June

2023 (compared to up to approximately $50m as previously disclosed in its FY 2023 Preliminary Financial Update).

The Audit Committee has discussed the matters described herein with management, with Ernst & Young Inc. and with

PricewaterhouseCoopers Inc.

As previously announced in the FY 2023 Preliminary Financial Update, similarly, any press releases, earnings releases, and investor

communications describing the Company’s financial performance for the above-referenced periods should no longer be relied upon.

Schedules of Affected Items

The following tables summarise the previously reported amounts affected by the errors identified, as well as the preliminary estimated

adjustments and the preliminary estimated restated amounts.

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| GROUP – INCOME STATEMENT | | --- || US Dollar million | Year ended Dec 2022 | | | | --- | --- | --- | --- | | | Previously<br><br>reported | Adjustment | Restated | | | | Unaudited | Unaudited | | Cost of sales | (3,362) | (4) | (3,366) | | Gross profit | 1,133 | (4) | 1,129 | | Impairment, derecognition of assets and profit (loss) on disposal | (304) | (11) | (315) | | Foreign exchange and fair value adjustments | (128) | 3 | (125) | | Share of associates and joint ventures' profit | 166 | (5) | 161 | | Profit before taxation | 489 | (17) | 472 | | Taxation | (173) | (48) | (221) | | Profit for the year | 316 | (65) | 251 | | Earnings attributable to equity shareholders | 297 | (64) | 233 | | Earnings attributable to non-controlling interests | 19 | (1) | 18 | | Earnings per share | | | | | Basic earnings per ordinary share (US cents) | 71 | (16) | 55 | | Diluted earnings per ordinary share (US cents) | 71 | (16) | 55 | | Headline earnings (1) | 544 | (55) | 489 | | Headline earnings per share (1) | | | | | Headline earnings per ordinary share (US cents) (1) (2) | 129 | (13) | 116 | | Diluted headline earnings per ordinary share (US cents) (1) (3) | 129 | (13) | 116 | | Basic weighted average number of shares | 420,197,062 | — | 420,197,062 | | Diluted weighted average number of shares | 420,869,866 | — | 420,869,866 |

(1)The financial measures “headline earnings” and “headline earnings per share” are not calculated in accordance with IFRS. These measures, however, are

required to be disclosed by the Johannesburg Stock Exchange (JSE) Listings Requirements and therefore do not constitute Non-GAAP financial measures

for purposes of the rules and regulations of the SEC applicable to the use and disclosure of Non-GAAP financial measures.

(2)Calculated on the basic weighted average number of ordinary shares.

(3)Calculated on the diluted weighted average number of ordinary shares.

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| GROUP – INCOME STATEMENT | | --- || US Dollar million | Six months ended June 2023 | | | | --- | --- | --- | --- | | | Previously<br><br>reported | Adjustment | Restated | | | | Unaudited | Unaudited | | Restructuring, care & maintenance and other (expenses) income | (58) | (10) | (68) | | Share of associates and joint ventures' profit | 75 | 9 | 84 | | Profit before taxation | 77 | (1) | 76 | | Taxation | (32) | (79) | (111) | | Profit (loss) for the year | 45 | (80) | (35) | | Earnings (loss) attributable to equity shareholders | 40 | (79) | (39) | | Earnings attributable to non-controlling interests | 5 | (1) | 4 | | Earnings per share | | | | | Basic earnings  (loss) per ordinary share (US cents) | 10 | (19) | (9) | | Diluted earnings  (loss) per ordinary share (US cents) | 10 | (19) | (9) | | Headline earnings (1) | 140 | (79) | 61 | | Headline earnings per share (1) | | | | | Headline earnings per ordinary share (US cents) (1) (2) | 33 | (19) | 14 | | Diluted headline earnings per ordinary share (US cents) (1) (3) | 33 | (19) | 14 | | Basic weighted average number of shares | 420,818,545 | — | 420,818,545 | | Diluted weighted average number of shares | 421,077,248 | (258,703) | 420,818,545 |

(1)The financial measures “headline earnings” and “headline earnings per share” are not calculated in accordance with IFRS. These measures, however, are

required to be disclosed by the Johannesburg Stock Exchange (JSE) Listings Requirements and therefore do not constitute Non-GAAP financial measures

for purposes of the rules and regulations of the SEC applicable to the use and disclosure of Non-GAAP financial measures.

(2)Calculated on the basic weighted average number of ordinary shares.

(3)Calculated on the diluted weighted average number of ordinary shares.

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| GROUP – STATEMENT OF FINANCIAL POSITION | | --- || US Dollar million | As at Dec 2022 | | | | --- | --- | --- | --- | | | Previously<br><br>reported | Adjustment | Restated | | | | Unaudited | Unaudited | | Assets | | | | | Non-current assets | | | | | Tangible assets | 4,209 | (1) | 4,208 | | Investments in associates and joint ventures | 1,100 | (9) | 1,091 | | Deferred taxation | 72 | (49) | 23 | | Equity and liabilities | | | | | Shareholders' equity | 4,100 | (60) | 4,040 | | Non-controlling interests | 34 | 1 | 35 | | Non-current liabilities | | | | | Lease liabilities | 102 | 13 | 115 | | Environmental rehabilitation and other provisions | 634 | (38) | 596 | | Current liabilities | | | | | Lease liabilities | 84 | (13) | 71 | | Environmental rehabilitation and other provisions | 42 | 39 | 81 || US Dollar million | As at June 2023 | | | | --- | --- | --- | --- | | | Previously<br><br>reported | Adjustment | Restated | | | | Unaudited | Unaudited | | Assets | | | | | Non-current assets | | | | | Tangible assets | 4,277 | (11) | 4,266 | | Deferred taxation | 146 | (105) | 41 | | Equity and liabilities | | | | | Shareholders' equity | 4,048 | (139) | 3,909 | | Non-current liabilities | | | | | Deferred taxation | 318 | 23 | 341 |

The restated amounts shown herein are preliminary, unaudited and unreviewed and may be subject to change as the Company completes

its procedures and prepares the restatements of the Affected Financials, and the independent registered public accounting firms,

PricewaterhouseCoopers Inc. and Ernst & Young Inc., complete their procedures.

Controls and Procedures

As previously disclosed in the FY 2023 Preliminary Financial Update, as a result of the errors described above and the related restatements,

management has identified one or more material weaknesses in the Company’s internal control over financial reporting. Management has

accordingly concluded that the Company’s internal control over financial reporting was not effective as of 31 December 2022 and its

disclosure controls and procedures were similarly not effective as of 31 December 2022. In addition, given that the conclusion to restate the

Affected Financials was reached subsequent to 31 December 2023 and related remediation actions were not implemented as of 31

December 2023, the Company will report in its annual report on Form 20-F for the year ended 31 December 2023 (the “2023 Form 20-F”)

that its internal control over financial reporting and its disclosure controls and procedures were not effective as of 31 December 2023.

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Neither management nor PricewaterhouseCoopers Inc. has completed its evaluation of the effectiveness of internal control over financial

reporting as of 31 December 2023.

Other Information

The Company believes that in light of its intention to file the 2023 Form 20-F in the next few weeks, it is preferable to present any restated

Original Full-Year 2022 Financial Statements together with the Company’s audited consolidated financial statements as of and for the year

ended 31 December 2023 in that 2023 Form 20-F. The Company believes this will allow readers to review more easily all pertinent data in a

single document and therefore does not plan to amend the 2022 Form 20-F. In addition, the Company plans to present the restated Original

Half-Year 2023 Financial Statements either in an amendment to the Half-Year 2023 Form 6-K or in the 2023 Form 20-F.

CORPORATE UPDATE

Tropicana Rainfall Event

Gold production at the Tropicana gold mine in Western Australia was impacted by heavy rains and flooding during the month of March.

Tropicana is a joint operation between AngloGold Ashanti (70 percent and the operator), and AFB Resources Pty Limited (30 percent), a

subsidiary of Regis Resources Limited. Tropicana is located 200km east of Laverton and 330km east-northeast of Kalgoorlie in Western

Australia.

The area in which the Tropicana gold mine is located received more than 350mm of rain in a 72-hour period from 9 March, almost 50%

higher than its average annual rainfall. The subsequent flooding interrupted power supply to the processing plant and required mining

operations to be temporarily suspended. Power has been restored to the site and access to the underground mine has resumed. However,

mining from the open pits remains restricted until surface water is cleared through pumping and evaporation. There have been no safety

incidents during this period and the mine infrastructure remains sound. The supply road to the Tropicana gold mine is flooded in parts and

the processing plant is treating stockpiled ore at a reduced throughput rate. Processing may have to be suspended if consumable stocks at

the site are exhausted before the road reopens.

While AngloGold Ashanti anticipates that there may be some impact on gold production at Tropicana in the first half of 2024, any decrease is

expected to be largely recovered in the second half of 2024. Consequently, the Company does not believe that this event will have an

impact on its gold production and cost guidance provided in February 2024, which guidance is therefore maintained.

By order of the Board

M RAMOS                                                    A CALDERON    G DORAN

Chairperson                                                  Chief Executive Officer                                    Chief Financial Officer

19 March 2024

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

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| GROUP – INCOME STATEMENT | | --- || | Six months | Six months | Six months | Year | Year | | --- | --- | --- | --- | --- | --- | | | ended | ended | ended | ended | ended | | | Dec | Jun | Dec | Dec | Dec | | | 2023 | 2023 | 2022 | 2023 | 2022 | | | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | | US Dollar million | | Restated | Restated | | Restated | | Revenue from product sales | 2,396 | 2,186 | 2,346 | 4,582 | 4,501 | | Cost of sales | (1,792) | (1,749) | (1,771) | (3,541) | (3,366) | | Loss on non-hedge derivatives and other commodity contracts | (12) | (2) | (6) | (14) | (6) | | Gross profit | 592 | 435 | 569 | 1,027 | 1,129 | | Corporate administration, marketing and related expenses | (50) | (44) | (37) | (94) | (79) | | Exploration and evaluation costs | (142) | (112) | (121) | (254) | (205) | | Impairment, derecognition of assets and profit (loss) on disposal | (95) | (126) | (313) | (221) | (315) | | Restructuring, care & maintenance and other (expenses) income (1) | (350) | (68) | (13) | (418) | (26) | | Finance income | 70 | 57 | 50 | 127 | 81 | | Foreign exchange and fair value adjustments | (79) | (75) | (72) | (154) | (125) | | Finance costs and unwinding of obligations | (82) | (75) | (84) | (157) | (149) | | Share of associates and joint ventures’ profit | 123 | 84 | 83 | 207 | 161 | | (Loss) profit before taxation | (13) | 76 | 62 | 63 | 472 | | Taxation | (174) | (111) | (127) | (285) | (221) | | (Loss) profit for the period | (187) | (35) | (65) | (222) | 251 | | Allocated as follows: | | | | | | | Equity shareholders | (196) | (39) | (69) | (235) | 233 | | Non-controlling interests | 9 | 4 | 4 | 13 | 18 | | | (187) | (35) | (65) | (222) | 251 | | Basic (loss) earnings per ordinary share (US cents) (2) | (47) | (9) | (16) | (56) | 55 | | Diluted (loss) earnings per ordinary share (US cents) (3) | (47) | (9) | (16) | (56) | 55 |

(1) Restructuring, care & maintenance and other (expenses) income for the second half of 2023 was $337m higher compared to the second half of 2022. This

was mainly due to an increase in the corporate restructuring and project cost of $286m (mainly as a result of the cost associated with the AngloGold Ashanti

corporate restructuring and related taxes), care and maintenance of $50m (mainly relating to the Córrego do Sítio (CdS) and Cuiabá mines) and an increase in

retrenchment and related cost of $14m (mainly in Brazil), partially offset by other movements of $13m.

(2) Calculated on the basic weighted average number of ordinary shares.

(3) Calculated on the diluted weighted average number of ordinary shares.

The operating profit (loss) sub-total which was previously included in the presentation of the income statement has been removed as it is not an IFRS measure

and not considered relevant to users of the annual financial statements.

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| GROUP – STATEMENT OF FINANCIAL POSITION | | --- || | At | At | At | | --- | --- | --- | --- | | | Dec | Jun | Dec | | | 2023 | 2023 | 2022 | | US Dollar million | Unaudited | Unaudited | Unaudited | | | | Restated | Restated | | ASSETS | | | | | Non-current assets | | | | | Tangible assets | 4,419 | 4,266 | 4,208 | | Right of use assets | 142 | 152 | 156 | | Intangible assets | 107 | 104 | 106 | | Investments in associates and joint ventures | 599 | 1,129 | 1,091 | | Other investments | 1 | 1 | 3 | | Loans receivable | 358 | — | — | | Inventories | 2 | 4 | 5 | | Trade, other receivables and other assets | 254 | 222 | 231 | | Reimbursive right for post-retirement benefits | 35 | 12 | 12 | | Deferred taxation | 50 | 41 | 23 | | Cash restricted for use | 34 | 34 | 33 | | | 6,001 | 5,965 | 5,868 | | Current assets | | | | | Loans receivable | 148 | — | — | | Inventories | 829 | 800 | 773 | | Trade, other receivables and other assets | 199 | 317 | 237 | | Cash restricted for use | 34 | 25 | 27 | | Cash and cash equivalents | 964 | 722 | 1,108 | | | 2,174 | 1,864 | 2,145 | | Total assets | 8,175 | 7,829 | 8,013 | | EQUITY AND LIABILITIES | | | | | Share capital and premium | 420 | — | — | | Accumulated profits and other reserves | 3,291 | 3,909 | 4,040 | | Shareholders’ equity | 3,711 | 3,909 | 4,040 | | Non-controlling interests | 29 | 33 | 35 | | Total equity | 3,740 | 3,942 | 4,075 | | Non-current liabilities | | | | | Borrowings | 2,032 | 1,896 | 1,965 | | Lease liabilities | 98 | 106 | 115 | | Environmental rehabilitation and other provisions | 636 | 611 | 596 | | Provision for pension and post-retirement benefits | 64 | 68 | 71 | | Trade and other payables | 5 | 8 | 7 | | Deferred taxation | 395 | 341 | 300 | | | 3,230 | 3,030 | 3,054 | | Current liabilities | | | | | Borrowings | 207 | 17 | 18 | | Lease liabilities | 73 | 72 | 71 | | Environmental rehabilitation and other provisions | 80 | 103 | 81 | | Trade and other payables | 772 | 641 | 667 | | Taxation | 64 | 19 | 45 | | Bank overdraft | 9 | 5 | 2 | | | 1,205 | 857 | 884 | | Total liabilities | 4,435 | 3,887 | 3,938 | | Total equity and liabilities | 8,175 | 7,829 | 8,013 |

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

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| GROUP – STATEMENT OF CASH FLOWS | | --- || | Six months | Six months | Six months | Year | Year | | --- | --- | --- | --- | --- | --- | | | ended | ended | ended | ended | ended | | | Dec | Jun | Dec | Dec | Dec | | | 2023 | 2023 | 2022 | 2023 | 2022 | | US Dollar million | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | | Cash flows from operating activities | | | | | | | Cash generated from operations | 555 | 316 | 714 | 871 | 1,244 | | Dividends received from joint ventures | 143 | 37 | 145 | 180 | 694 | | Taxation refund | 36 | — | 32 | 36 | 32 | | Taxation paid | (56) | (60) | (79) | (116) | (166) | | Net cash inflow from operating activities | 678 | 293 | 812 | 971 | 1,804 | | Cash flows from investing activities | | | | | | | Capital expenditure on tangible and intangible assets | (589) | (453) | (594) | (1,042) | (1,028) | | Interest capitalised and paid | — | — | (1) | — | (2) | | Acquisition of assets | — | — | (152) | — | (517) | | Dividends from associates and other investments | 6 | 6 | 10 | 12 | 18 | | Proceeds from disposal of tangible assets | 8 | 6 | 8 | 14 | 8 | | Other investments and assets acquired | — | — | — | — | (16) | | Proceeds from disposal of other investments | 20 | — | — | 20 | — | | Loans advanced | — | (1) | (1) | (1) | (1) | | (Increase) decrease in cash restricted for use | (8) | (1) | 6 | (9) | (4) | | Interest received | 60 | 49 | 49 | 109 | 81 | | Net cash outflow from investing activities | (503) | (394) | (675) | (897) | (1,461) | | Cash flows from financing activities | | | | | | | Share issue expenses | (19) | — | — | (19) | — | | Proceeds from borrowings | 335 | 8 | 64 | 343 | 266 | | Repayment of borrowings | (13) | (74) | (88) | (87) | (184) | | Repayment of lease liabilities | (50) | (44) | (42) | (94) | (82) | | Finance costs - borrowings | (55) | (56) | (50) | (111) | (99) | | Finance costs - leases | (6) | (5) | (5) | (11) | (10) | | Other borrowing costs | — | (1) | — | (1) | (11) | | Dividends paid | (31) | (76) | (134) | (107) | (203) | | Net cash inflow (outflow) from financing activities | 161 | (248) | (255) | (87) | (323) | | Net increase (decrease) in cash and cash equivalents | 336 | (349) | (118) | (13) | 20 | | Translation | (98) | (40) | (42) | (138) | (68) | | Cash and cash equivalents at beginning of period | 717 | 1,106 | 1,266 | 1,106 | 1,154 | | Cash and cash equivalents at end of period | 955 | 717 | 1,106 | 955 | 1,106 |

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

9

Headline (loss) earnings (1)

	Six months	Six months	Six months	Year	Year
	ended	ended	ended	ended	ended
	Dec	Jun	Dec	Dec	Dec
	2023	2023	2022	2023	2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited
US Dollar million		Restated	Restated		Restated
The (loss) profit attributable to equity shareholders has been adjusted by the following to arrive at headline (loss) earnings:
(Loss) profit attributable to equity shareholders	(196)	(39)	(69)	(235)	233
Net impairment on tangible assets and right of use<br><br>assets	100	92	315	192	315
Taxation on net impairment of tangible assets and<br><br>right of use assets	(7)	(21)	(60)	(28)	(60)
(Profit) loss on derecognition of assets	(3)	38	2	35	4
Taxation on derecognition of assets	1	(6)	—	(5)	—
Profit on disposal of tangible assets	(2)	(4)	(4)	(6)	(4)
Net impairment on investments	—	1	1	1	1
Headline (loss) earnings	(107)	61	185	(46)	489
Headline (loss) earnings per ordinary share (US<br><br>cents) (2)	(25)	14	44	(11)	116
Diluted headline (loss) earnings per ordinary share<br><br>(US cents) (3)	(25)	14	44	(11)	116
Number of shares
Weighted average number of shares	420,971,227	420,818,545	420,074,065	421,105,111	420,197,062
Dilutive potential of share options	—	—	—	—	672,804
Dilutive weighted average number of ordinary<br><br>shares	420,971,227	420,818,545	420,074,065	421,105,111	420,869,866

(1) The financial measures “headline (loss) earnings” and “headline (loss) earnings per share” are not calculated in accordance with IFRS. These measures,

however, are required to be disclosed by the Johannesburg Stock Exchange (JSE) Listings Requirements and therefore do not constitute Non-GAAP financial

measures for purposes of the rules and regulations of the US Securities and Exchange Commission (“SEC”) applicable to the use and disclosure of Non-GAAP

financial measures.

(2) Calculated on the basic weighted average number of ordinary shares.

(3) Calculated on the diluted weighted average number of ordinary shares.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

10

Non-GAAP disclosure

From time to time AngloGold Ashanti may publicly disclose certain “Non-GAAP” financial measures in the course of its financial

presentations, earnings releases, earnings conference calls and otherwise.

In this document, AngloGold Ashanti presents the financial items “Adjusted EBITDA”, “Adjusted net debt” and “average gold price received

per ounce” which are not measures under IFRS. An investor should not consider these items in isolation or as alternatives to profit (loss)

before taxation, total borrowings, gold income or any other measure of financial performance presented in accordance with IFRS or as an

indicator of the AngloGold Ashanti group’s performance. The AngloGold Ashanti group uses certain Non-GAAP performance measures and

ratios in managing the business and may provide users of this financial information with additional meaningful comparisons between current

results and results in prior operating periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, the

reported operating results or any other measure of performance prepared in accordance with IFRS. In addition, the presentation of these

measures may not be comparable to similarly titled measures that other companies use.

Adjusted EBITDA

“Adjusted EBITDA” is a Non-GAAP measure and, as calculated and reported by AngloGold Ashanti, includes profit (loss) before taxation,

amortisation of tangible, intangible and right of use assets, retrenchment costs at the operations, interest and dividend income, other gains

(losses), care and maintenance costs, finance costs and unwinding of obligations, impairment and derecognition of assets, impairment of

investments, profit (loss) on disposal of assets and investments, gain (loss) on unrealised non-hedge derivatives and other commodity

contracts, fair value adjustments, repurchase premium and costs on settlement of issued bonds and the share of associates’ EBITDA. The

Adjusted EBITDA calculation is based on the formula included in AngloGold Ashanti’s Revolving Credit Facility Agreements for compliance

with the debt covenant formula.

Adjusted net debt

“Adjusted net debt” is a Non-GAAP measure and, as calculated and reported by AngloGold Ashanti, includes total borrowings adjusted for

the unamortised portion of borrowing costs and IFRS 16 lease adjustments; less cash restricted for use and cash and cash equivalents (net

of bank overdraft). The Adjusted net debt calculation is based on the formula included in AngloGold Ashanti’s Revolving Credit Facility

Agreements for compliance with the debt covenant formula.

Average gold price received per ounce

“Average gold price received per ounce” is a Non-GAAP measure which gives an indication of revenue earned per ounce of gold sold and

includes gold income and realised non-hedge derivatives in its calculation and serves as a benchmark of performance against the market

spot gold price. This metric is calculated by dividing attributable gold income (“price received”) by attributable ounces of gold sold.

Reconciliations

A reconciliation of profit (loss) before taxation as included in AngloGold Ashanti’s preliminary unaudited condensed consolidated financial

statements as of and for the six months and the year ended 31 December 2023 to “Adjusted EBITDA” for each of the six-month periods

ended 31 December 2023, 30 June 2023 and 31 December 2022 and the years ended 31 December 2023 and 2022 is presented on a total

(group) and segment basis in Note A.

A reconciliation of total borrowings as included in AngloGold Ashanti’s preliminary unaudited condensed consolidated financial statements as

of and for the six months and the year ended 31 December 2023 to “Adjusted net debt” at 31 December 2023, 30 June 2023 and 31

December 2022 is presented on a total (group) basis in Note B.

A reconciliation of gold income as included in AngloGold Ashanti’s preliminary unaudited condensed consolidated financial statements as of

and for the six months and the year ended 31 December 2023 to “average gold price received per ounce” for each of the six-month periods

ended 31 December 2023, 30 June 2023 and 31 December 2022 and the years ended 31 December 2023 and 2022 is presented on a total

(subsidiaries/joint ventures) basis in Note C.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

11

AAdjusted EBITDA

For the six months ended 31 December 2023
(in US Dollar million, except as otherwise noted)
		AFRICA							AUSTRALIA				AMERICAS
	Corporate<br><br>and other	Kibali	Iduapriem	Obuasi	Siguiri	Geita	Africa<br><br>other	Africa	Sunrise<br><br>Dam	Tropicana	Australia<br><br>other	Australia	Cerro<br><br>Vanguardia	AngloGold<br><br>Ashanti<br><br>Mineração	Serra<br><br>Grande	Americas<br><br>other	Americas	Projects	Sub-total	Less equity<br><br>accounted<br><br>investments	Group
Adjusted EBITDA (1)
Profit (loss) before taxation	(359)	150	86	39	13	199	19	506	45	85	(42)	88	143	8	(107)	(112)	(68)	(126)	41	(54)	(13)
Add back:
Finance costs and unwinding of obligations	45	(2)	1	4	5	13	—	21	—	1	4	5	2	5	1	—	8	1	80	2	82
Finance income	(12)	(1)	—	—	(4)	(7)	—	(12)	—	—	(2)	(2)	(43)	(1)	—	—	(44)	(1)	(71)	1	(70)
Amortisation of tangible, right of use and<br><br>intangible assets	2	54	63	31	24	50	—	222	32	65	1	98	20	46	24	—	90	—	412	(54)	358
Other amortisation	1	—	—	—	—	—	—	—	—	—	—	—	—	10	(1)	—	9	1	11	—	11
Associates and joint ventures share of<br><br>amortisation, interest, taxation and other	1	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1	119	120
EBITDA	(322)	201	150	74	38	255	19	737	77	151	(39)	189	122	68	(83)	(112)	(5)	(125)	474	14	488
Adjustments:
Foreign exchange and fair value adjustments	(12)	14	—	1	2	6	—	23	—	—	—	—	(29)	(1)	1	111	82	—	93	(14)	79
Care and maintenance costs	—	—	—	—	—	—	—	—	—	—	—	—	—	49	—	—	49	2	51	—	51
Retrenchment and related costs	—	—	—	—	—	—	—	—	—	—	—	—	—	16	—	—	16	1	17	—	17
Impairment, derecognition of assets and profit<br><br>(loss) on disposal	—	—	—	—	(5)	—	—	(5)	—	—	—	—	—	(32)	108	(1)	75	25	95	—	95
Unrealised non-hedge derivative loss	11	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11	—	11
Joint ventures share of costs	—	—	—	—	—	—	1	1	—	—	—	—	—	—	—	—	—	—	1	—	1
Realised other commodity contracts	2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	—	2
Intergroup interest, royalty, dividend and<br><br>management fees	(15)	22	4	—	—	—	(22)	4	—	—	5	5	—	—	—	—	—	6	—	—	—
Adjusted EBITDA	(336)	237	154	75	35	261	(2)	760	77	151	(34)	194	93	100	26	(2)	217	(91)	744	—	744

(1) EBITDA (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.

Rounding of figures may result in computational discrepancies.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

12

For the six months ended 30 June 2023
(in US Dollar million, except as otherwise noted)
		AFRICA							AUSTRALIA				AMERICAS
	Corporate<br><br>and other	Kibali	Iduapriem	Obuasi	Siguiri	Geita	Africa<br><br>other	Africa	Sunrise<br><br>Dam	Tropicana	Australia<br><br>other	Australia	Cerro<br><br>Vanguardia	AngloGold<br><br>Ashanti<br><br>Mineração	Serra<br><br>Grande	Americas<br><br>other	Americas	Projects	Sub-total	Less equity<br><br>accounted<br><br>investments	Group
		Restated			Restated			Restated											Restated	Restated	Restated
Adjusted EBITDA (1)
Profit (loss) before taxation	(73)	84	38	77	19	126	21	365	54	63	(39)	78	57	(179)	(26)	(34)	(182)	(82)	106	(30)	76
Add back:
Finance costs and unwinding of obligations	42	4	1	3	4	12	—	24	—	1	3	4	2	6	1	—	9	—	79	(4)	75
Finance income	(12)	(7)	—	(2)	1	(9)	—	(17)	—	—	(1)	(1)	(32)	(1)	—	(1)	(34)	—	(64)	7	(57)
Amortisation of tangible, right of use and<br><br>intangible assets	2	45	66	30	15	41	—	197	25	40	1	66	19	42	19	—	80	—	345	(45)	300
Other amortisation	—	—	—	—	—	—	—	—	—	—	—	—	—	(8)	—	—	(8)	1	(7)	—	(7)
Associates and joint ventures share of<br><br>amortisation, interest, taxation and other	2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	79	81
EBITDA	(39)	126	105	108	39	170	21	569	79	104	(36)	147	46	(140)	(6)	(35)	(135)	(81)	461	7	468
Adjustments:
Foreign exchange and fair value adjustments	3	7	4	5	2	9	1	28	—	—	(2)	(2)	11	4	3	37	55	(2)	82	(7)	75
Care and maintenance costs	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	2	—	2
Retrenchment and related costs	—	—	—	—	—	—	—	—	—	—	—	—	1	1	—	—	2	—	2	—	2
Impairment, derecognition of assets and profit<br><br>(loss) on disposal	—	—	—	—	—	—	—	—	—	—	—	—	—	121	9	(4)	126	—	126	—	126
Unrealised non-hedge derivative loss	(2)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(2)	—	(2)
Realised other commodity contracts	5	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5	—	5
Intergroup interest, royalty, dividend and<br><br>management fees	(17)	23	1	—	—	—	(23)	1	—	—	8	8	—	(1)	—	—	(1)	9	—	—	—
Adjusted EBITDA	(50)	156	110	113	41	179	(1)	598	79	104	(30)	153	58	(15)	6	(2)	47	(72)	676	—	676

(1) EBITDA (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.

Rounding of figures may result in computational discrepancies.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

13

For the six months ended 31 December 2022
(in US Dollar million, except as otherwise noted)
		AFRICA							AUSTRALIA				AMERICAS
	Corporate<br><br>and other	Kibali	Iduapriem	Obuasi	Siguiri	Geita	Africa<br><br>other	Africa	Sunrise<br><br>Dam	Tropicana	Australia<br><br>other	Australia	Cerro<br><br>Vanguardia	AngloGold<br><br>Ashanti<br><br>Mineração	Serra<br><br>Grande	Americas<br><br>other	Americas	Projects	Sub-total	Less equity<br><br>accounted<br><br>investments	Group
	Restated	Restated						Restated											Restated	Restated	Restated
Adjusted EBITDA (1)
Profit (loss) before taxation	(87)	100	52	120	—	179	24	475	6	97	(48)	55	76	(224)	(59)	(53)	(260)	(76)	107	(45)	62
Add back:
Finance costs and unwinding of obligations	41	(2)	1	4	9	16	—	28	—	1	5	6	2	4	1	—	7	—	82	2	84
Finance income	(11)	(3)	—	(1)	—	—	—	(4)	—	—	—	—	(36)	(1)	—	(1)	(38)	—	(53)	3	(50)
Amortisation of tangible, right of use and<br><br>intangible assets	2	50	49	24	28	56	—	207	28	66	1	95	23	54	20	—	97	—	401	(50)	351
Other amortisation	—	—	—	—	—	—	—	—	—	—	—	—	(4)	(1)	—	—	(5)	1	(4)	—	(4)
Associates and joint ventures share of<br><br>amortisation, interest, taxation and other	1	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1	84	85
EBITDA	(54)	145	102	147	37	251	24	706	34	164	(42)	156	61	(168)	(38)	(54)	(199)	(75)	534	(6)	528
Adjustments:
Foreign exchange and fair value adjustments	8	(6)	1	2	—	(1)	—	(4)	—	—	1	1	(1)	4	—	57	60	1	66	6	72
Retrenchment and related costs	1	—	—	—	—	—	—	—	—	—	—	—	—	1	1	—	2	—	3	—	3
Impairment, derecognition of assets and profit<br><br>(loss) on disposal	—	—	—	2	—	—	—	2	—	—	—	—	—	259	56	(4)	311	—	313	—	313
Unrealised non-hedge derivative loss	6	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6	—	6
Joint ventures share of costs	—	—	—	—	—	—	1	1	—	—	—	—	—	—	—	—	—	—	1	—	1
Intergroup interest, royalty, dividend and<br><br>management fees	(9)	26	1	—	—	—	(26)	1	—	1	4	5	—	(2)	—	—	(2)	5	—	—	—
Adjusted EBITDA	(48)	165	104	151	37	250	(1)	706	34	165	(37)	162	60	94	19	(1)	172	(69)	923	—	923

(1) EBITDA (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.

Rounding of figures may result in computational discrepancies.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

14

For the year ended 31 December 2023
(in US Dollar million, except as otherwise noted)
		AFRICA							AUSTRALIA				AMERICAS
	Corporate<br><br>and other	Kibali	Iduapriem	Obuasi	Siguiri	Geita	Africa<br><br>other	Africa	Sunrise<br><br>Dam	Tropicana	Australia<br><br>other	Australia	Cerro<br><br>Vanguardia	AngloGold<br><br>Ashanti<br><br>Mineração	Serra<br><br>Grande	Americas<br><br>other	Americas	Projects	Sub-total	Less equity<br><br>accounted<br><br>investments	Group
Adjusted EBITDA (1)
Profit (loss) before taxation	(432)	233	124	116	32	325	41	871	99	149	(82)	166	201	(170)	(134)	(146)	(249)	(209)	147	(84)	63
Add back:
Finance costs and unwinding of obligations	87	3	2	7	8	25	—	45	—	2	8	10	4	9	3	1	17	1	160	(3)	157
Finance income	(25)	(8)	—	(2)	(2)	(16)	—	(28)	—	—	(3)	(3)	(75)	(1)	(1)	(1)	(78)	(1)	(135)	8	(127)
Amortisation of tangible, right of use and<br><br>intangible assets	5	99	129	61	39	91	—	419	58	104	1	163	39	88	43	—	170	—	757	(99)	658
Other amortisation	—	—	—	—	—	—	—	—	—	—	—	—	(1)	1	—	—	—	3	3	—	3
Associates and joint ventures share of<br><br>amortisation, interest, taxation and other	3	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3	199	202
EBITDA	(362)	327	255	182	77	425	41	1,307	157	255	(76)	336	168	(73)	(89)	(146)	(140)	(206)	935	21	956
Adjustments:
Foreign exchange and fair value adjustments	(8)	21	4	7	3	15	—	50	—	(1)	(2)	(3)	(18)	5	3	147	137	(1)	175	(21)	154
Care and maintenance costs	—	—	—	—	—	—	—	—	—	—	—	—	—	49	—	—	49	3	52	—	52
Retrenchment and related costs	—	—	—	—	—	—	—	—	—	—	—	—	1	16	1	—	18	1	19	—	19
Impairment, derecognition of assets and profit<br><br>(loss) on disposal	—	—	—	(1)	(4)	—	—	(5)	—	—	—	—	—	90	116	(5)	201	25	221	—	221
Unrealised non-hedge derivative loss	9	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9	—	9
Joint ventures share of costs	—	—	—	—	—	—	2	2	—	—	—	—	—	—	—	—	—	—	2	—	2
Realised other commodity contracts	7	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7	—	7
Intergroup interest, royalty, dividend and<br><br>management fees	(31)	45	5	—	—	—	(45)	5	—	—	13	13	—	(1)	—	—	(1)	14	—	—	—
Adjusted EBITDA	(385)	393	264	188	76	440	(2)	1,359	157	254	(65)	346	151	86	31	(4)	264	(164)	1,420	—	1,420

(1) EBITDA (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.

Rounding of figures may result in computational discrepancies.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

15

For the year ended 31 December 2022
(in US Dollar million, except as otherwise noted)
		AFRICA							AUSTRALIA				AMERICAS
	Corporate<br><br>and other	Kibali	Iduapriem	Obuasi	Siguiri	Geita	Africa<br><br>other	Africa	Sunrise<br><br>Dam	Tropicana	Australia<br><br>other	Australia	Cerro<br><br>Vanguardia	AngloGold<br><br>Ashanti<br><br>Mineração	Serra<br><br>Grande	Americas<br><br>other	Americas	Projects	Sub-total	Less equity<br><br>accounted<br><br>investments	Group
	Restated	Restated						Restated											Restated	Restated	Restated
Adjusted EBITDA (1)
Profit (loss) before taxation	(160)	175	118	178	73	293	45	882	39	175	(100)	114	157	(184)	(65)	(76)	(168)	(126)	542	(70)	472
Add back:
Finance costs and unwinding of obligations	84	6	2	5	11	23	—	47	1	2	8	11	3	8	1	1	13	—	155	(6)	149
Finance income	(15)	(8)	—	(1)	—	(1)	—	(10)	—	—	—	—	(60)	(2)	—	(2)	(64)	—	(89)	8	(81)
Amortisation of tangible, right of use and<br><br>intangible assets	4	95	80	40	54	102	—	371	54	117	1	172	39	106	40	—	185	—	732	(95)	637
Other amortisation	—	—	—	—	—	—	—	—	—	—	—	—	(4)	(1)	—	—	(5)	2	(3)	—	(3)
Associates and joint ventures share of<br><br>amortisation, interest, taxation and other	2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2	163	165
EBITDA	(85)	268	200	222	138	417	45	1,290	94	294	(91)	297	135	(73)	(24)	(77)	(39)	(124)	1,339	—	1,339
Adjustments:
Foreign exchange and fair value adjustments	14	—	2	2	(1)	(2)	—	1	—	—	6	6	12	10	2	79	103	1	125	—	125
Retrenchment and related costs	—	—	—	—	—	—	—	—	—	—	—	—	2	3	1	(1)	5	1	6	—	6
Impairment, derecognition of assets and profit<br><br>(loss) on disposal	—	—	—	2	1	—	—	3	—	—	—	—	—	259	56	(3)	312	—	315	—	315
Unrealised non-hedge derivative loss	6	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6	—	6
Joint ventures share of costs	—	—	—	—	—	—	1	1	—	—	—	—	—	—	—	—	—	—	1	—	1
Intergroup interest, royalty, dividend and<br><br>management fees	(19)	63	2	—	—	1	(63)	3	—	—	13	13	—	(4)	—	—	(4)	7	—	—	—
Adjusted EBITDA	(84)	331	204	226	138	416	(17)	1,298	94	294	(72)	316	149	195	35	(2)	377	(115)	1,792	—	1,792

(1) EBITDA (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.

Rounding of figures may result in computational discrepancies.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

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BAdjusted net debt (1)

	At	At	At
	Dec	Jun	Dec
	2023	2023	2022
	Unaudited	Unaudited	Unaudited
US Dollar million		Restated	Restated
Borrowings - non-current portion	2,032	1,896	1,965
Borrowings - current portion	207	17	18
Borrowings - total	2,239	1,913	1,983
Lease liabilities - non-current portion	98	106	115
Lease liabilities - current portion	73	72	71
Lease liabilities - total	171	178	186
Total borrowings	2,410	2,091	2,169
Less cash and cash equivalents (net of bank overdraft)	(955)	(717)	(1,106)
Net debt	1,455	1,374	1,063
Adjustments:
IFRS16 lease adjustments	(149)	(153)	(158)
Unamortised portion of borrowing costs	30	32	33
Cash restricted for use	(68)	(59)	(60)
Adjusted net debt	1,268	1,194	878
Adjusted net debt to Adjusted EBITDA	0.89:1	0.75:1	0.49:1
Total borrowings to profit (loss) before taxation	38.25:1	15.15:1	4.60:1
(1) Net debt (as adjusted) and prepared in terms of the formula set out in the Revolving Credit Agreements.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

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CAverage gold price received per ounce

	Six months		Six months		Six months		Year		Year
	ended		ended		ended		ended		ended
	Dec		Jun		Dec		Dec		Dec
	2023		2023		2022		2023		2022
US Dollar million	Unaudited		Unaudited		Unaudited		Unaudited		Unaudited
	Subsidiaries	Joint Ventures	Subsidiaries	Joint Ventures	Subsidiaries	Joint Ventures	Subsidiaries	Joint Ventures	Subsidiaries	Joint Ventures
Gold income	2,335	370	2,144	298	2,298	315	4,480	668	4,388	596
Realised gain on non-hedge derivatives	1	—	1	—	—	—	2	—	—	—
Adjusted for non-controlling interests	(49)	—	(50)	—	(51)	—	(99)	—	(112)	—
Attributable gold income including realised non-hedge derivatives	2,287	370	2,095	298	2,247	315	4,383	668	4,276	596
Attributable gold sold - oz (000) (1)	1,180	189	1,092	154	1,302	182	2,273	343	2,385	332
Average gold price received per ounce - $/oz	1,939	1,953	1,917	1,941	1,725	1,732	1,928	1,948	1,793	1,795

(1) Includes gold sold from CdS.

Rounding of figures may result in computational discrepancies.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

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Administration and corporate information

AngloGold Ashanti plc<br><br>Incorporated in England & Wales<br><br>Registration No. 14654651<br><br>LEI No. 2138005YDSA7A82RNU96<br><br>Share codes:<br><br>ISIN: GB00BRXH2664<br><br>CUSIP:  G0378L100<br><br>NYSE: AU<br><br>JSE: ANG<br><br>A2X: ANG<br><br>GhSE (Shares): AGA<br><br>GhSE (GhDS): AAD<br><br>JSE Sponsor:<br><br>The Standard Bank of South Africa Limited<br><br>Auditors: PricewaterhouseCoopers Inc.<br><br>Offices<br><br>Registered and Corporate<br><br>4th Floor, Communications House<br><br>South Street<br><br>Staines-upon-Thames<br><br>Surrey TW18 4PR<br><br>United Kingdom<br><br>Telephone: +44 (0) 203 968 3320<br><br>Fax:  +44 (0) 203 968 3325<br><br>Australia<br><br>Level 10, AMP Building,<br><br>140 St George’s Terrace<br><br>Perth, WA 6000<br><br>(PO Box Z5046, Perth WA 6831)<br><br>Australia<br><br>Telephone:  +61 8 9425 4602<br><br>Fax:  +61 8 9425 4662<br><br>Ghana<br><br>Gold House<br><br>Patrice Lumumba Road<br><br>(PO Box 2665)<br><br>Accra<br><br>Ghana<br><br>Telephone:  +233 303 773400<br><br>Fax:  +233 303 778155	Directors<br><br>Executive<br><br>A Calderon▲ (Chief Executive Officer)<br><br>GA Doran▲ (Chief Financial Officer)<br><br>Non-Executive<br><br>MDC Ramos^ (Chairman)<br><br>KOF Busia△<br><br>AM Ferguson*<br><br>AH Garner#<br><br>R Gasant^<br><br>SP Lawson#<br><br>J Magie§<br><br>MC Richter#~<br><br>DL Sands#<br><br>JE Tilk§<br><br>* British  § Canadian  #American  ▲Australian<br><br>~Panamanian  ^South African  △Ghanaian<br><br>Officers<br><br>HC Grantham<br><br>Interim Company Secretary<br><br>Company secretarial e-mail<br><br>Companysecretary@anglogoldashanti.com<br><br>Investor Relations contacts<br><br>Yatish Chowthee<br><br>Telephone: +27 11 637 6273<br><br>Mobile: +27 78 364 2080<br><br>E-mail: yrchowthee@anglogoldashanti.com<br><br>Andrea Maxey<br><br>Telephone: +61 08 9425 4603<br><br>Mobile: +61 400 072 199<br><br>E-mail: amaxey@anglogoldashanti.com<br><br>AngloGold Ashanti website<br><br>www.anglogoldashanti.com<br><br>AngloGold Ashanti posts information that may be important<br><br>to investors on the main page of its website at<br><br>www.anglogoldashanti.com and under the “Investors” tab on<br><br>the main page. This information is updated periodically.<br><br>AngloGold Ashanti intends to use its website as a means of<br><br>disclosing material non-public information to the public in a<br><br>broad, non-exclusionary manner and for complying with its<br><br>disclosure obligations. Accordingly, investors should visit<br><br>this website regularly to obtain important information about<br><br>AngloGold Ashanti, in addition to following its press<br><br>releases, documents it files with, or furnishes to, the United<br><br>States Securities and Exchange Commission (SEC) and<br><br>public conference calls and webcasts. No material on the<br><br>AngloGold Ashanti website forms any part of, or is<br><br>incorporated by reference into, this document. References<br><br>herein to the AngloGold Ashanti website shall not be<br><br>deemed to cause such incorporation.<br><br>PUBLISHED BY ANGLOGOLD ASHANTI	Share Registrars<br><br>United States<br><br>Computershare Trust Company, N.A.<br><br>150 Royall Street<br><br>Suite 101<br><br>Canton, MA 02021<br><br>United States of America<br><br>Telephone US: 866-644-4127<br><br>Telephone non-US: +1-781-575-2000<br><br>Shareholder Online Inquiries:<br><br>https://www-us.computershare.com/Investor/#Contact<br><br>Website: www.computershare.com/investor<br><br>South Africa<br><br>Computershare Investor Services (Pty) Limited<br><br>Rosebank Towers, 15 Biermann Avenue<br><br>Rosebank, 2196<br><br>(PO Box 61051, Marshalltown 2107)<br><br>South Africa<br><br>Telephone: 0861 100 950 (in SA)<br><br>Fax: +27 11 688 5218<br><br>E-mail: queries@computershare.co.za<br><br>Website: www.computershare.com<br><br>Ghana<br><br>Central Securities Depository (GH) LTD<br><br>4th Floor, Cedi House<br><br>PMB CT 465, Cantonments<br><br>Accra, Ghana<br><br>Telephone: +233 302 689313<br><br>Fax: +233 302 689315<br><br>Ghana depositary<br><br>NTHC Limited<br><br>18 Gamel Abdul Nasser Avenue<br><br>Ringway Estate<br><br>Accra, Ghana<br><br>Telephone: +233 302 235814/6<br><br>Fax: +233 302 229975

Forward-looking statements

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, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth

prospects and outlook of AngloGold Ashanti’s operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial

operations of certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti’s liquidity and

capital resources and capital expenditures, the consequences of the COVID-19 pandemic, the outcome and consequences of any potential or pending litigation or regulatory proceedings or

environmental, health and safety issues, the preparation and impacts of AngloGold Ashanti’s pending restatements and the continuing assessment of the effectiveness of the Company’s

internal control over financial reporting by both management and PricewaterhouseCoopers Inc., are forward-looking statements regarding AngloGold Ashanti’s financial reports, operations,

economic performance and financial condition. These forward-looking statements or forecasts are not limited to historical facts, but rather reflect our current beliefs and expectations concerning

future events and generally may be identified by the use of forward-looking words, phrases and expressions such as “believe”, “expect”, “aim”, “anticipate”, “intend”, “foresee”, “forecast”,

“predict”, “project”, “estimate”, “likely”, “may”, “might”, “could”, “should”, “would”, “seek”, “plan”, “scheduled”, “possible”, “continue”, “potential”, “outlook”, “target” or other similar words, phrases,

and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be

forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti’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

AngloGold Ashanti 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 (including the COVID-19 pandemic), 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 the Company’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 AngloGold Ashanti

Limited’s annual report on Form 20-F for the year ended 31 December 2022 filed with the United States Securities and Exchange Commission (SEC) and AngloGold Ashanti’s registration

statement on Form F-4 initially filed with the SEC on 23 June 2023. These factors are not necessarily all of the important factors that could cause AngloGold Ashanti’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 AngloGold Ashanti’s future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold

Ashanti 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 AngloGold Ashanti or any person

acting on its behalf are qualified by the cautionary statements herein.

Non-GAAP financial measures

This communication may contain certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing its business. Non-GAAP

financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or any other measures of performance prepared in

accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled measures other companies may use.

Preliminary Unaudited Condensed Consolidated Financial Statements - www.AngloGoldAshanti.com

19

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has

duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

AngloGold Ashanti plc

Date: 19 March 2024

By:/s/ HC GRANTHAM

Name:HC Grantham

Title:Interim Company Secretary