RANDFONTEIN
TRANSACTION EFFECTIVE
Johannesburg, 21 November 2008. Harmony Gold Mining Company Limited (Harmony) is pleased to
announce that all conditions precedent in respect of the Randfontein transaction have been met and
that the transaction is effective as from today. Shareholders attention is drawn to the initial
announcement of the transaction made on 19 December 2007 and the subsequent announcement made on 24
October 2008, containing the details of the transaction.
The first tranche of the consideration price, being US$40 million has been received. A further
US$157 million, plus interest thereon at 5% per annum, will be received on
22 April 2009 and the balance of the purchase consideration of approximately
US$12 million as soon as the second stage of the transaction, which relates to Harmonys Old
Randfontein assets is finalised; this is anticipated to be on or shortly after 22 April 2009.
We are excited to be part of a unique new business development, one that offers the potential of
creating wealth for our investors. We wish the management of Rand Uranium (Pty) Limited well and
look forward to a mutually beneficial partnership with Pamodzi Resources Fund 1 LP and their
investors, being affiliates of First Reserve and AMCI Capital, said Graham Briggs, Chief Executive
Officer of Harmony.
ends.
Issued by Harmony Gold Mining Company Limited
21
November 2008
For more details contact:
Graham
Briggs
Chief Executive Officer
on +27(0)83 265 0274
or
Marian van der Walt
Executive: Corporate and Investor Relations
on +27(0)82 888 1242
Corporate Office:
Randfontein Office Park
P O Box 1
Randfontein
South Africa 1796
T +27
(11) 411 2000
For more information on Harmony, please visit www.harmony.co.za
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ISIN No.:
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ZAE000015228 |