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SALIENT FEATURESThis summary contains the salient features of the rights offer detailed in this circular, which should be readin its entirety for a full appreciation hereof.INTRODUCTIONAs initially announced on SENS and in the press on Thursday, 15 April 2004 and Friday, 16 April 2004,respectively, the Company is proceeding with the rights offer in order to raise R4 000 000 000 (beforeexpenses). The purpose of this circular is to furnish shareholders with relevant information concerning therights offer and the implications thereof in accordance with the Listings Requirements of the JSE and theprovisions of the Act.The JSE has approved the listing of the letters of allocation from 09:00 on Monday, 3 May 2004 to the closeof business on Friday, 21 May 2004, the suspension of the listing of the letters of allocation from 09:00 (SouthAfrican time) on Monday, 24 May 2004 and the listing of the preference shares from 09:00 (South Africantime) on Monday, 24 May 2004.Shareholders recorded in the register on the record date for the rights offer will receive rights to subscribefor preference shares in terms of the rights offer in the ratio of 18.4249 preference shares for every100 ordinary shares held, for subscription at R100 per preference share.PURPOSE OF THE RIGHTS OFFERAnglo Platinum is engaged in an expansion programme to produce 2.9 million ounces of refined platinum in2006 and thereby participate in the global growth in demand for platinum. The purpose of the rights offer isto strengthen the balance sheet of Anglo Platinum. This will ensure an appropriate combination of debt andequity and that further debt can be raised in a cost effective manner. This further funding will be used tofinance replacement and expansion projects and will be employed appropriately in order to match thecapital expenditure profile of the Company.THE RIGHTS OFFERPreference shares offered 40 000 000Ratio of entitlement18.4249 preference sharesper 100 ordinary shares heldIssue price per preference shareR100Amount to be raised (before expenses) R4 000 000 000Number of preference shares to be issued and listed on the JSEafter the rights offer 40 000 000SALIENT TERMS OF THE PREFERENCE SHARESComprehensive rights and privileges of the preference shares are set out in Appendices 1 and 2 to thiscircular. Appendix 1 contains the special resolutions to amend the Articles of Anglo Platinum, which wereapproved by shareholders in general meeting on Tuesday, 30 March 2004. Appendix 2 contains a directors’resolution, which describes the rights and privileges of the preference shares in more detail. The salientfeatures of the preference shares, as per these resolutions, are set out below. Appendices 1 and 2 shouldbe read in conjunction with each other.9