In February 2010 the Group announced its commitment to take up its full allocation of shares under the rights offer announced by Anglo Platinum. Anglo Platinum expects to raise approximately $1.6 billion through the rights offer, of which the Group's share of 79.7% is approximately $1.3 billion. The Group has also agreed to underwrite the minority portion of the rights offer.
Subsequent to 31 December 2009 De Beers has announced a $1 billion rights issue. The Group has accordingly agreed to subscribe for additional equity in proportion to its current shareholding and will therefore contribute $450 million. Refer to note 38 for further details.
During the first quarter of 2010, Anglo American agreed the sales of Tarmac's aggregates businesses in France, Germany, Poland and the Czech Republic and its Polish concrete products business with expected total proceeds of approximately $400 million.
With the exception of the above there have been no material reportable events since 31 December 2009.