Press releases - 2007

Commenting on these results, CEO Ralph Havenstein said "Our record financial performance was driven by strong demand, record metal prices and continued growth in production volumes. In this regard it is noteworthy that 26% of our 2006 revenue was generated from metals sold in South Africa, which are locally beneficiated. We are pleased with the good progress made during 2006 in achieving the level of ore reserve development necessary to improve unit cost efficiency at the Group’s mines."

Refined platinum production for 2006 increased by 15% to 2,82 million ounces. This increase reflects increased production at mining operations and the release of pipeline stocks, including the processing of concentrate built up at the Polokwane smelter in 2005. Increased production from operating mines and new projects is expected to result in refined platinum production of between 2,8 and 2,9 million ounces in 2007.

"It is pleasing that in 2006 our board approved new capital expenditure to the value of R11 billion to extend the life of our existing production capacity, increase efficiency and support continued growth. In 2006 this growth created over 7 000 new jobs at Anglo Platinum operations. The board approvals included the R3,8 billion expansion of the Potgietersrust North project to provide an additional 230 000 ounces of refined platinum per annum and the R2 billion Rustenburg Paardekraal 2 shaft replacement project." said Ralph. "We continue to invest in our production base and in February 2007 our board approved the R1 billion Townlands replacement project at Rustenburg", he added.

Anglo Platinum is committed to increasing production in line with growth in global demand. In light of continuing growth in autocatalyst and industrial demand and the resilience of the jewellery market at higher prices, average growth in production of around 5% per annum can be expected. Operational focus will remain on optimising production efficiency and controlling cost increases.

Anglo Platinum is fully committed to the Mineral and Petroleum Resources Development Act ("the Act") and the mining charter and to achieving the associated sustainable economic transformation. This process started in 2000 with the sale of a stake in Northam to Mvelaphanda Resources and most recently, in 2006, saw the sale of 15% of Rustenburg Platinum mines’ Union section to the Bakgatla-Ba-Kgafela traditional community. In 2006, 18 Anglo Platinum prospecting rights were converted from "old order" to "new order" and Anglo Platinum expects to make significant progress in 2007 to further enhance empowerment within the Group to fully embrace the transformation envisaged by the Act and mining charter and to obtain the associated conversion of rights.

Johannesburg

For further information, please contact

Trevor Raymond,
(011) 373-6462, (082) 654 8467