Commenting on the results CEO Greg Hawkins said: "The underlying performance of each of our assets has improved over the year with three of the four mines achieving production increases, despite the impact of the unreliable power situation in Tanzania. Our strategic investment in exploration has led to a fourfold increase of the resource at Nyanzaga and as a result our total resource base now stands at over 31Moz. The capacity of our assets to generate strong cashflows has again been demonstrated and this is reflected in our decision to treble our dividend payout over 2010 and to set out our dividend policy for future years. In 2012, we expect to produce between 675,000-725,000 ounces of gold at a cash cost of between US$790-860 per ounce sold, whilst also continuing to advance our portfolio of growth projects and assess other opportunities to expand our asset base."

Final Dividend and Policy

The Directors are pleased to recommend the payment of a final dividend of US13.1 cents per Ordinary Share. This represents a total dividend of US16.3 cents for 2011, an increase of 208% over the previous year and indicative of our confidence in the health of our business going forward. Subject to the shareholders approving this recommendation at the AGM, the final dividend will be paid on 25 May 2012 to shareholders on the register at 4 May 2012. The ex-dividend date is 2 May 2012. ABG will declare the final dividend in US dollars. Unless a shareholder has elected or elects to receive dividends in US dollars, dividends will be paid in pounds sterling with the US dollar amount being converted into pounds sterling at exchange rates prevailing on or around 9 May 2012. Currency elections must be made by return of currency election forms. The deadline for the return of currency election forms is 8 May 2012.

With respect to dividend payments in future years, the Board has approved the following policy: Subject to the capital requirements and cashflows of the Company and provided that there are distributable reserves available to the Company for this purpose, it is the Board's intention to declare an annual dividend of between 15 and 30 percent of profits after tax and minority interests each year. It is expected that this will be payable in the approximate proportion of one third as an interim dividend and two thirds as a final dividend, dependent on the performance of the Company being in line with the Board's expectations.