RNS Number:5166H
Ashanti Goldfields Company Ld
14 February 2003



                            P R E S S R E L E A S E

FOR IMMEDIATE RELEASE                            14 FEBRUARY 2003



                UPDATE ON PRELIMINARY RESULTS FOR THE YEAR ENDED

                                31 DECEMBER 2002


                       CLARIFICATION ON GEITA HEDGE TABLE

Ashanti wishes to clarify that the Geita Hedge Table disclosed on Page 4 of
Ashanti's Press Release, dated 13 February 2003, showed the full Geita Hedge
Book. Ashanti's 50% portion of the Geita hedge position is as set out below:

                                           2003       2004       2005       2006       2007      Totals
Forward Sales            (ounces)        189,598    195,558    174,828     94,576    120,938    775,498
                         (US$/ounce)       285        289        294        296        298        291
Puts:
Bought                   (ounces)         26,735     25,586     24,350     18,115     23,390    118,176
                         (US$/ounce)       291        291        291        291        292        291

Lease Rate Proceeds      (ounces)          400         -          -          -          -         400
Summary:
Protected                (ounces)        215,933    221,144    199,178    112,691    144,328    893,274
Committed                (ounces)        189,198    195,558    174,828     94,576    120,938    775,098
Lease Rate Swap          (ounces)        156,301    116,774     76,301     41,420       -          -

ENDS

Enquiries:

Ashanti Goldfields Company Limited

S Venkatakrishnan - Chief Financial Officer           Tel:     +44 207 256 9938

Mark Arnesen - MD, International Treasury             Tel:     +44 207 256 9938

UK Contact

Corinne Gaisie - Ashanti London Office Manager        Tel:      +44 207 256 9938

North American Contact

Allan Jordan - Golin Harris International               Tel:     +1 212 697 9191


                      This information is provided by RNS
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