Pan African's Acquisition of Evander Gold Mines Limited from Harmony becomes unconditional Pan African Resources PLC Harmony Gold Mining Company Limited (Incorporated and registered in England and Registration number 1950/038232/06 Wales under Companies Act 1985 Incorporated in the Republic of South Africa with registered number 3937466 on 25 February ISIN: ZAE000015228 2000) NYSE code: HMY AIM Code: PAF JSE share code: HAR JSE Code: PAN (“Harmony”) ISIN: GB0004300496 (“Pan African”) PAN AFRICAN’S ACQUISITION OF EVANDER GOLD MINES LIMITED (“EVANDER”) FROM HARMONY (“TRANSACTION”) BECOMES UNCONDITIONAL Pan African and Harmony are pleased to advise their shareholders that the last remaining condition precedent to the Transaction has been fulfilled following receipt of the consent required in accordance with section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002. Accordingly, the Transaction is now unconditional. Pan African shall assume effective control over Evander on 28 February 2013. Jan Nelson, CEO of Pan African said: “We are delighted to finally take full control of Evander – a world class ore body and exceptional team of people will ensure that Pan African continues to deliver profitable, sustainable stakeholder growth. In addition to the 100koz of annual gold production, Evander also provides Pan African with a project pipeline that provides for significant growth possibilities and flexibility. I would like to thank Harmony on behalf of the board of Pan African for the manner and spirit in which the transaction was concluded. We welcome the Evander team and look forward to an exciting future.” Graham Briggs, CEO of Harmony said: “The proceeds from the Evander sale further strengthen Harmony’s cash position. We are leaving Evander in the hands of a capable management team, who we believe will run the mine in a sustainable manner.” 15 February 2013 Lead Corporate Adviser, Transaction Corporate Adviser to Harmony Sponsor and JSE Sponsor to Pan African One Capital Merrill Lynch South Africa Joint Corporate Adviser and Independent Sponsor to Harmony Transaction Sponsor to Pan African Nedbank Capital J. P. Morgan Equities South Africa (Pty) Ltd Legal Counsel to Pan African Legal Counsel to Harmony Werksmans Inc. Edward Nathan Sonnenbergs Inc. PAN AFRICAN ENQUIRIES South Africa UK Pan African Resources Canaccord Genuity Limited – Nomad and Joint Broker Jan Nelson, Chief Executive Officer Rob Collins / Peter Stewart / Sebastian Jones / Joe +27 (0) 11 243 2900 Weaving +44 (0) 20 7523 8350 One Capital finnCap Limited – Joint Broker Sholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving +27 (0) 11 550 5000 +44 (0) 20 7220 0500 Vestor Investor Relations St James’s Corporate Services Limited Louise Brugman Phil Dexter +27 (0) 11 787 3015 +44 (0) 20 7499 3916 +27 83 504 1186 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431 For further information on Pan African, please visit the website at www.panafricanresources.com HARMONY ENQUIRIES: Henrika Basterfield Investor Relations Officer +27 (0) 82 759 1775 (mobile) Marian van der Walt Executive: Corporate and Investor Relations +27 (0) 82 888 1242 (mobile) For further information on Harmony, please visit the website at www.harmony.co.za Date: 15/02/2013 10:00:00 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.