RNS Number:2975M
Ashanti Goldfields Company Ld
13 June 2003




          P    R    E    S    S        R    E    L    E    A    S    E


FOR IMMEDIATE RELEASE          13 June 2003


ASHANTI GOLDFIELDS COMPANY LIMITED

On 16 May 2003, Ashanti Goldfields Company Limited ("Ashanti") announced that
its board was in discussions with the board of AngloGold Limited ("AngloGold")
regarding a proposed merger of the two companies at a ratio of 26 AngloGold
shares for every 100 Ashanti ordinary shares or global depositary securities.
The announcement further stated that discussions were taking place with certain
stakeholders.

Ashanti has been notified that the Government of Ghana is to hold consultations
and take appropriate professional advice in considering the proposed merger.
Ashanti welcomes this development as an important step forward in the
discussions with key stakeholders.

Shareholders are reminded that there can be no assurance that a definitive
agreement between Ashanti and AngloGold will be reached and a further
announcement will be made when appropriate. Consequently, shareholders of
Ashanti are advised to exercise caution when dealing in the relevant securities
until a further announcement is made.

End

For further information contact:

Ashanti Goldfields Company Limited

Kweku Awotwi , MD for Investor Relations         Tel: +233 21 772331

Corinne Gaisie, UK Representative                Tel: +44 20 7256 9938


North American Contact:

Allan Jordan - Golin Harris                      Tel: +1 212 697 9191

CIBC World Markets Plc

Andy Quinn, Managing Director                    Tel: +44 20 7234 6400


Certain statements in this announcement are forward-looking within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Although Ashanti believes that the
expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have been correct.

For a discussion of the important factors and risks involved in Ashanti's
business refer to Ashanti's filings with the U.S. Securities and Exchange
Commission (the "Commission"), including Ashanti's amended annual report on Form
20-F/A for the year ended 31 December 2001, filed with the Commission on 27
January 2003.

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


                     This information is provided by RNS
            The company news service from the London Stock Exchange
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