EXHIBIT 19.8

PRINCIPAL SUBSIDIARIES AND OPERATING ENTITIES AS AT 31 DECEMBER

	Country of  incorporation			Shares held 2014		Shares held 2013		Holding		Percentage held
										2014		2013
Principal subsidiaries and controlled operating entities(1)
AngloGold Ashanti Australia Limited(2)		2			257,462,077		257,462,077		I		100		100
AngloGold Ashanti Holdings plc		6			5,219,748,514		5,105,738,016		D		100		100
AngloGold Ashanti USA Incorporated		12	}		237		237		D		100		100
					*500		*500		D
AngloGold Ashanti Córrego do Sítio Mineração S.A.		3			4,167,084,999		4,167,084,999		I		100		100
AngloGold Ashanti (Ghana) Limited(3)		4			132,419,584		132,419,584		I		100		100
AngloGold Ashanti (Iduapriem) Limited		4			66,270		66,270		I		100		100
AngloGold Namibia (Pty) Limited(4)		9			-		10,000		D		-		100
Cerro Vanguardia S.A.		1			13,875,000		13,875,000		I		92.50		92.50
AngloGold Ashanti (Colorado) Corp(5)		11			1,250		1,250		I				100
Geita Gold Mining Limited		10			123,382,772		123,382,772		I		100		100
Mineração Serra Grande S.A.		3			1,999,999		1,999,999		I		100		100
Societé AngloGold Ashanti de Guinée S.A.		5			3,486,134		3,486,134		I		85		85
Joint venture operating entities
Kibali (Jersey) Limited(6)		7			2,310		2,214		I		50		50
Société des Mines de Morila S.A.		8			400		400		I		40		40
Société d’Exploitation des Mines d’Or de Sadiola S.A.		8			41,000		41,000		I		41		41
Société d’Exploitation des Mines d’Or de Yatela S.A.		8			400		400		I		40		40

Principal subsidiaries are those subsidiaries that hold material contracts and/or act as borrowers and/or guarantors of such material contracts.

* Indicates preference shares

D – Direct Holding

I – Indirect Holding

⁽¹⁾ All the operations in South Africa, namely, Mine Waste Solutions, Great Noligwa, Kopanang, Moab Khotsong, Mponeng and TauTona are all held by the parent company, AngloGold Ashanti Limited.

⁽²⁾ Operates the Sunrise Dam Gold Mine and the Tropicana joint venture in Australia.

⁽³⁾ Operates the Obuasi mine in Ghana.

⁽⁴⁾ The company was sold in June 2014.

⁽⁵⁾ Operates the Cripple Creek & Victor gold mine.

⁽⁶⁾ Owner of Kibali Gold Mines S.A. DRC which operates the Kibali mine in the Democratic Republic of the Congo.

1 Argentina	7	Jersey
2 Australia	8	Mali
3 Brazil	9	Namibia
4 Ghana	10	Tanzania
5 Republic of Guinea	11	United States of America
6 Isle of Man

E-5