The strategic decision by the Board to approve a proposed $2bn share repurchase programme is underpinned by stronger cash generation capabilities and the prospective financial outlook for the business. The proposed share repurchase programme is intended to offer another vector for shareholder returns, and align the Company's capital return framework with its North American peers. The proposed share repurchase programme reflects AngloGold Ashanti's disciplined approach to capital allocation, utilising excess liquidity to reduce ordinary shares in issue thereby increasing per-share value, earnings and cash flow for its shareholders.