0000950134-08-010359 Sample Contracts

May 28, 2008

Agreement and Plan of Merger • May 28th, 2008 • Anglogold Ashanti LTD • Gold and silver ores

• Contract Type
  Agreement and Plan of Merger
• Filed
  May 28th, 2008
• Company
  Anglogold Ashanti LTD
• Industry
  Gold and silver ores

Re: Agreement and Plan of Merger by and among AngloGold Ashanti Limited, AngloGold Ashanti USA Incorporated, GCGC LLC and Golden Cycle Gold Corporation, dated as of January 11, 2008, as amended May 27, 2008

FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER

Agreement and Plan of Merger • May 28th, 2008 • Anglogold Ashanti LTD • Gold and silver ores • Colorado

• Contract Type
  Agreement and Plan of Merger
• Filed
  May 28th, 2008
• Company
  Anglogold Ashanti LTD
• Industry
  Gold and silver ores
• Jurisdiction
  Colorado

Provided, however, that if the exercise price per share of any such Target Stock Option is greater than or equal to the ADS Market Price multiplied by the Exchange Ratio, then such Target Stock Option shall be exchanged for the aggregate number of ADSs (less any applicable income or employment Tax withholding as provided in Section 3.2(g)) equal to (i) the number of Target Company Shares acquirable upon exercise of Target Stock Option multiplied by (ii) $1.23 divided by (iii) the ADS Market Price.