EXHIBIT 19.8

PRINCIPAL SUBSIDIARIES AND OPERATING ENTITIES AT 31 DECEMBER 2015

			Shares held				Holding		Percentage held
			2015		2014				2015		2014
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		5,219,748,514		D		100		100
AngloGold Ashanti USA Incorporated	10	}		237		237		D		100		100
				*500		*500		D
Operating entities
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
Cerro Vanguardia S.A.	1			13,875,000		13,875,000		I		92.50		92.50
AngloGold Ashanti (Colorado) Corp(4)	10			-		1,250		I		-		100
Geita Gold Mining Limited	9			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(5)	7			2,310		2,310		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

* Indicates preference shares

D – Direct Holding

I – Indirect Holding

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

⁽²⁾  Owner of the Sunrise Dam operation and the Tropicana joint venture in Australia.

⁽³⁾  Operates the Obuasi mine in Ghana.

⁽⁴⁾  The company was sold with the mining assets, the Cripple Creek & Victor gold mine, effective 3 August 2015.

⁽⁵⁾  Owner of Kibali Goldmines S.A. which operates the Kibali mine in the Democratic Republic of the Congo.

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

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