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Anglo Platinum Concludes Two-Year Wage Agreement

04 October, 2005

Anglo Platinum is pleased to announce that it has reached agreement with representative unions and associations on wages and substantive conditions of employment for a two-year period ending 30 June 2007.

Terms of the two-year wage agreement include across the board increases of 6,5% from 1 July 2005, a further 0,5% from 1 January 2006 and 7% from 1 July 2006. In addition, monthly living-out allowances will increase to R900 from 1 July 2005 and R1039 from 1 July 2006. No other material changes to employee benefits have been made.

For more information, please contact

Trevor Raymond
+27 (0) 11 373 6462
+27 (0) 82 654 8457