Anglo American Capital plc announces Final Results of Tender Offers for certain of its Securities

NEW YORK, March 17, 2016 /PRNewswire/ -- Anglo American Capital plc (the "Company") invited holders of such of its outstanding securities as are listed below (together, the "Securities") to tender some or all of their Securities to the Company for purchase by the Company for cash (the "Tender Offers"), for an aggregate consideration of up to U.S.$300,000,000, upon the terms and subject to the conditions set out in the tender offer memorandum dated February 18, 2016 (the "Tender Offer Memorandum") prepared by the Company.

Capitalized terms used but not defined in this announcement have the meanings given to them in the Tender Offer Memorandum.

The Company hereby announces that it will accept for purchase all Securities validly tendered under the relevant Offers without pro-ration and that:

(i)  the aggregate nominal amount of each Series of Securities validly accepted for purchase (the "Acceptance Amount"); and

(ii) the Accrued Interest payable,

are as follows:

No Securities had been validly tendered for purchase after 5:00 p.m. (New York City time) on March 2, 2016 (the "Early Tender Deadline"). Accordingly, the Company will pay, for the Securities in each Series accepted by it for purchase pursuant to the Tender Offers, an amount in U.S. dollars (the "Tender Consideration") equal to the sum of:

1. the product of (x) the relevant Total Purchase Price and (y) the nominal amount of the relevant Securities, divided by U.S.$1,000; and
2. the Accrued Interest Amount in respect of such Securities, rounded, if necessary, to the nearest U.S.$0.01, with half a cent being rounded upwards.

Securities purchased by the Company pursuant to the Tender Offers will be cancelled and will not be re-issued or re-sold.

Settlement of the Tender Offers and payment of the Tender Consideration in respect of Securities accepted for purchase is expected to take place on March 21, 2016.

FURTHER INFORMATION

D.F. King & Co., Inc. has been appointed by the Company as Information and Tender Agent (the "Information and Tender Agent") for the purposes of the Tender Offers.

BNP Paribas has been appointed as the Global Coordinator and Commerzbank AG and Crédit Agricole Securities (USA) Inc. together with BNP Paribas have been appointed as Joint Dealer Managers for the purposes of the Tender Offers.

NOTICE AND DISCLAIMER

Subject to applicable law, the Company or any of its affiliates may at any time and from time to time following completion or cancellation of the Tender Offers purchase or exchange or offer to purchase or exchange remaining outstanding Securities or issue an invitation to submit offers to sell Securities (including, without limitation, those tendered pursuant to the Tender Offers but not accepted for purchase) through open market purchases, privately negotiated transactions, tender offers, exchange offers or otherwise, in each case on terms that may be more or less favorable than those contemplated by the Tender Offers.

This announcement must be read in conjunction with the Tender Offer Memorandum. If any holder of Securities is in any doubt as to the content of this announcement or the Tender Offer Memorandum, it is recommended to seek its own legal, accounting and financial advice, including as to any tax consequences, immediately from its stockbroker, bank manager, attorney, accountant or other independent financial adviser.

DISTRIBUTION RESTRICTIONS

The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of the Company, the Joint Dealer Managers and the Information and Tender Agent to inform themselves about and to observe any such restrictions.

This announcement does not constitute an offer to buy or the solicitation of an offer to sell Securities.

¹ Accrued Interest per €1,000 or £1,000, as applicable, in nominal amount of the relevant Securities purchased. Accrued Interest represents interest accrued and unpaid on the relevant Securities from (and including) the immediately preceding interest payment date for such Securities to (but excluding) the Settlement Date.

SOURCE Anglo American Capital plc