ANGLOGOLD ASHANTI (AU $12.75 rated Overweight with $23 up from $18 price target) HIGHER GOLD PRICES DRIVE HIGHER NPV/SHARE. ANGLOGOLD ASHANTI’S CASH BALANCE TURNS NEGATIVE AT YEAR END 2014 AT $1,200/OZ GOLD 7/14/2013

ANGLOGOLD ASHANTI (AU $12.75 rated Overweight with $23 up from $18 price
target) HIGHER GOLD PRICES DRIVE HIGHER NPV/SHARE. ANGLOGOLD
ASHANTI’S CASH BALANCE TURNS NEGATIVE AT YEAR END 2014 AT
$1,200/OZ GOLD 7/14/2013