Download full circular PDF - Anglo American Platinum

UNDERWRITING OF THE RIGHTS OFFERThe underwriting agreement became irrevocable at 16:30 on Wednesday, 21 April 2004. In terms of theunderwriting agreement, ASAC and Standard Bank have agreed to subscribe equally for the preferenceshares that are not taken up pursuant to the rights offer. The commission payable for such underwriting is1.0% of the aggregate issue price of the preference shares, which are not taken up pursuant to theirrevocable undertaking referred to below. Anglo Platinum will pay all other expenses of or incidental to therights offer, including VAT or other duties on the underwriting commission, and any reasonable fees andexpenses properly incurred by the underwriters in connection with the rights offer. The underwritingagreement provides that the underwriting commission will not be paid until such time as the underwritershave met the underwriting commitments.IRREVOCABLE UNDERTAKING IN TERMS OF THE RIGHTS OFFERThe Company has received an irrevocable undertaking from ASAC to subscribe for or procure subscriptionsfor all the preference shares to which ASAC is entitled as a shareholder in the Company on the record date.A commitment fee of 1.5% of the aggregate issue price of the preference shares subscribed for by ASAC ispayable by the Company to ASAC in respect of this irrevocable undertaking. This irrevocable undertakingrelates to approximately 74.2% of the issued ordinary shares of Anglo Platinum.COPIES OF THIS CIRCULARCopies of this circular, in English, may be obtained from:– the registered office of the Company;– the Company’s professional advisers, whose addresses are set out on the inside front cover of thiscircular; and– all other broking members of the JSE.12