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HAR - Harmony Gold Mining Company Limited - Harmony suspends negotiations

Release Date: 28/08/2009 16:26
Code(s): HAR
Wrap Text

HAR - Harmony Gold Mining Company Limited - Harmony suspends negotiations regarding Pamodzi Gold`s Free State Assets Harmony Gold Mining Company Limited (Incorporated in the Republic of South Africa) Registration number 1950/038232/06 ISIN ZAE000015228 Issuer code: HAPS TRADING SYMBOLS: Ordinary Shares: JSE Limited: HAR, New York Stock Exchange, Inc., HMY, London Stock Exchange plc: HRM Euronext Paris: HG, Euronext Brussels: HMY, Berlin Stock Exchange: HAM1, NASDAQ: HMY HARMONY SUSPENDS NEGOTIATIONS REGARDING PAMODZI GOLD`S FREE STATE ASSETS Johannesburg. Friday, 28 August 2009. Harmony Gold Mining Company Limited (Harmony) notes the recent public statements made regarding the proposed recapitalisation of the Pamodzi Gold group of companies. Harmony has been in negotiations with the provisional liquidators of Pamodzi Gold Free State (Proprietary) Limited (Pamodzi Gold Free State) regarding the potential acquisition of the assets of Pamodzi Gold Free State since April 2009. Harmony believes that it has offered a fair price and that the potential acquisition, if implemented, will provide a sustainable future for the relevant stakeholders in the Free State. As a result of the recent developments, Harmony advises that it has decided to suspend negotiations with the provisional liquidators of Pamodzi Gold Free State in respect of the potential acquisition in order to allow all stakeholders an opportunity to assess the proposed recapitalisation and the likelihood of it succeeding. Harmony`s decision as to whether or not to recommence negotiations with the provisional liquidators of Pamodzi Gold Free State will be made in due course depending on developments regarding the proposed recapitalisation. For more details contact: Graham Briggs Chief Executive Officer on +27(0)83 265 0274 Corporate Office: Randfontein Office Park P O Box 2 Randfontein South Africa 1760 T +27 (11) 411 2000 www.harmony.co.za Sponsor: J.P. Morgan Equities Limited Date: 28/08/2009 16:26:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.