Minorco S.A. - Re Sale of Engelhard Shares

RNS No 5090k
MINORCO S A
19 May 1999


Minorco Prices Sale of Engelhard Shares

Minorco announces today that it has priced the public sale of 28 million
shares of common stock of Engelhard Corporation at $19.50 per share before
commissions.  After commissions the price per Engelhard share will be $18.72. 
Engelhard will purchase the balance of the shares held by Minorco
(approximately 18 million) at $18.72. The transaction will be completed by 21
May 1999.

Minorco will compensate Engelhard for the costs and expenses incurred in
connection with the transaction.

Minorco previously announced its intention to divest its interest in Engelhard
prior to the combination of its businesses with those of Anglo American
Corporation of South Africa Limited to form Anglo American plc.

Enquires: 

Nick von Schirnding       
Vice President, Investor and Corporate Affairs
+ 44 171 698 8540 

END

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