Anooraq Announces revised terms of the Black Economic Empowerment Transaction with Anglo Platinum & Pelawan

14-05-2009

The boards of directors of Anglo Platinum, a subsidiary of Anglo American plc, Pelawan and Anooraq (collectively “the Parties”), in a joint announcement released on 4 September 2007, announced details of a proposed empowerment transaction (the “Transaction”) involving the acquisition by Anooraq of an effective 51% of the Lebowa Platinum Mine (“Lebowa”) together with an additional 1% controlling interest in the Parties‟ current joint venture projects, namely the Ga-Phasha, Boikgantsho and Kwanda projects (collectively the “Project Assets”).

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