AngloGold Ashanti PLC

ITEM 16B: CODE OF ETHICS

In order to comply with the Company’s obligation in terms of the Sarbanes-Oxley Act, and in the interests of good governance,

the Company has systems and procedures to introduce, monitor and enforce its ethical codes and has adopted inter alia (i) a

Code of Business Principles and Ethics applicable to all directors, officers, employees, contractors and consultants of the

Company, (ii) a Code of Ethics for Senior Financial Officers applicable to the Chief Executive Officer, Chief Financial Officer and

Senior Vice President: Group Finance of the Company, and (iii) a whistle-blowing policy (in the form of its Speak-up Group

Standard) that encourages employees to report anonymously if they wish and without fear of retaliation acts of an unethical or

illegal nature that affect the Company’s interests. The Code of Business Principles and Ethics expresses the Company’s

commitment to the conduct of its business in line with ethical standards and is designed to enable directors, officers, employees,

contractors and consultants to perform their roles and duties with integrity and responsibility.

The Speak-up Group Standard provides channels for employees to report acts and practices that are in conflict with the

Company’s Code of Business Principles and Ethics or are unlawful, including financial malpractice or dangers to the public or the

environment. Reports may be made to management or through several mediums including the intranet, internet, e-mail,

telephone, short messaging system (SMS), fax and post. All reports not made to management are administered by a third party,

Tip-Offs Anonymous, to ensure independence of the process. Reported cases are relayed to management through Group

Compliance. A report is provided by Group Compliance to the Serious Concerns Committee, a management committee, on a

quarterly basis as well as the Social, Ethics and Sustainability Committee and the Audit and Risk Committee on a semi-annual

basis. Reporters have the option to request feedback on reported cases. The Speak-up Group Standard encourages reports to

be made in good faith in a responsible and ethical manner. Employees are encouraged to first seek resolution of alleged

malpractices through discussion with their direct managers, if appropriate, or other management including legal, compliance,

human resources or internal audit.

The Code of Business Principles and Ethics for directors, officers, employees, contractors and consultants of the Company, the

Code of Ethics for Senior Financial Officers for the Chief Executive Officer, Chief Financial Officer and Senior Vice President:

Group Finance of the Company, and the whistle-blowing policy (in the form of its Speak-up Group Standard) are available on the

Company’s website at https://www.anglogoldashanti.com/sustainability/governance/policies-standards/.