Anglo American Platinum earnings reconciliation

Anglo American wishes to draw attention to Anglo American Platinum Limited's announcement of its results for the year ended 31 December 2015. Anglo American Platinum Limited reported Headline earnings of R107 million (2014: R786 million).

Anglo American will report underlying earnings in respect of Anglo American Platinum Limited of $168 million for the year ended 31 December 2015, which takes into account certain adjustments.

^{(1)  A wholly owned subsidiary of Atlatsa Resources Corporation.}

Anglo American will report results for the year ended 31 December 2015 on 16 February 2016.  The above figures are unaudited.

Underlying earnings

Underlying earnings is profit attributable to equity shareholders before special items and remeasurements, and is therefore presented after net finance costs, income tax and non-controlling interests. Special items are those items of financial performance that the Group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the Group.

Special items that relate to the operating performance of the Group are classified as operating special items and principally include impairment charges and restructuring costs. Remeasurements include unrealised gains and losses on financial assets and liabilities.