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HAR - Harmony Gold Mining Company Ltd - Harmony and Unions agree to two year wage agreement Harmony Gold Mining Company Ltd Incorporated in the Republic of South Africa Registration number: 1950/038232/06 JSE Share code: HAR NYSE Share code: HMY NASDAQ Share code: HMY ISIN: ZAE000015228 PRESS RELEASE HARMONY AND UNIONS AGREE TO TWO YEAR WAGE AGREEMENT Johannesburg. Tuesday, 2 August 2011. Harmony Gold Mining Company Limited (`Harmony` or `the Company`) is pleased to announce that it has signed a two year wage agreement with the National Union of Mineworkers (NUM), Solidarity and UASA (collectively referred to as the "Unions") today. The increases agreed to are: Minimum wages at entry level: 10% Category 5 to 8 employees: 8.5% Miners, artisans and officials: 7.5% The wage agreement between Harmony and the Unions also include a profit share scheme, in which all employees in the bargaining unit will share on a quarterly basis. The profit share will be based on 1% of operating profits less capital expenditure from the Company`s South African assets. Employees who participated in the strike will return to work later today. The Company estimates that approximately 500kg of production was lost during the strike. Graham Briggs, chief executive officer, commented: "It has been a tough negotiation process, but we have managed to reach agreement and avoid a protracted strike. We wish to thank the Unions for their understanding and also partnering with us in creating a sustainable mining industry." For more details contact: Graham Briggs Chief Executive Officer +27 83 265 0274 (mobile) Marian van der Walt Executive: Corporate and Investor Relations +27 82 888 1242 (mobile) Corporate Office: Randfontein Office Park P O Box 2 Randfontein South Africa 1760 T +27 (0)11 411 2000 www.harmony.co.za Sponsor: J.P. Morgan Equities Limited Date: 02/08/2011 16:19:01 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.
