AngloGold Limited

("AngloGold")

(Registration number 1944/017354/06)

(Incorporated in the Republic of South Africa)

JSE Share Code: ANG

ISIN: ZAE000043485

ANGLOGOLD/ASHANTI MERGER UPDATE AND FURTHER CAUTIONARY

AngloGold has today agreed with Ashanti Goldfields Company Limited ("Ashanti")
to extend the Transaction Agreement entered into on 4 August 2003, details of
which were announced on 5 August 2003. The Transaction Agreement originally
provided that it would terminate if certain approvals and undertakings were not
received from the Government of Ghana before 30 September 2003, or such later
date as may be agreed by Ashanti and AngloGold. This date has now been extended
to 31 October 2003, or such later date as may be agreed by Ashanti and
AngloGold.

Shareholders are advised to continue to exercise caution when dealing in
AngloGold's securities until a further announcement is made.

Johannesburg

23 September 2003

JSE Sponsor: UBS

Except for the historical information contained herein, the matters discussed
in this news release are forward-looking statements within the meaning of
Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S.
Securities Exchange Act of 1934. For a discussion of important factors and
risks involved in AngloGold's business, refer to AngloGold's annual report on
Form 20-F for the year ended 31 December 2002 which was filed with the U.S.
Securities and Exchange Commission ("SEC") on 7 April 2003.

AngloGold does not undertake any obligation to update publicly or release any
revisions to publicly update any forward-looking statements discussed in this
news release, whether as a result of new information, future events or
otherwise.

In the event a transaction is entered into between AngloGold and Ashanti,
AngloGold will file important documents with the SEC. In the event a
transaction is entered into, investors and security holders are urged to
carefully read all such documents filed with the SEC, because these documents
will contain important information. Investors and security holders will be able
to obtain a free copy of any such documents at the SEC's web site at
www.sec.gov or by directing a request to AngloGold Limited, 14th Floor, 11
Diagonal Street, Johannesburg 2001, South Africa, Attention: Chris Bull,
Company Secretary.



END