Harmony’s strong cash flows underpin profitable quarter Harmony Gold Mining Company Limited Registration number 1950/038232/06 Incorporated in the Republic of South Africa ISIN: ZAE000015228 JSE share code: HAR (“Harmony” and/or “the Company”) Harmony’s strong cash flows underpin profitable quarter • Safety parameters improving; working towards zero harm • 7% increase in underground recovered grade • 2% increase in production • All-in sustaining costs down by 7% at R434 834/kg (down 15% to US$950/oz) • 84% increase in production profit to R1.29 billion (68% to US$91 million) • Headline earnings of R74 million (US$5 million) • Net debt reduction of R127 million (US$29 million) Harmony Gold Mining Company Limited “(Harmony” and/or “the Company”) is pleased to announce that it recorded another solid set of results for the second quarter of financial year 2016 – three consecutive quarters of increased delivery. Underground grade was 7% higher, with the majority of Harmony’s operations producing higher kilograms and generating net free operational cash flow. Combined with a 7% increase in the average R/kg gold price received of R507 490/kg, revenue increased by 10% to R4.57 billion (to US$321 million) during the quarter. Harmony’s production profit increased by 84% to R1.29 billion (68% to US$91 million) quarter on quarter, mainly due to a 7% increase in the gold price received and supported by a 2% increase in gold production. “Higher production means that Harmony’s cash flow is strengthened, our margins are growing, we are able to repay our debt and to fund Golpu. The higher R/kg gold price is simply an added bonus”, said chief executive officer, Peter Steenkamp. All-in sustaining costs for all operations decreased by 7% to R434 834/kg in the December 2015 quarter, compared to R466 061/kg in the September 2015 quarter (15% decrease to US$950/oz). Better production results resulted in Harmony recording headline earnings of R74 million (US$5 million). ends. For more details contact: Henrika Ninham Investor Relations Manager On +27 (0)82 759 1775 Marian van der Walt Executive: Corporate and Investor Relations +27(0) 82 888 1242 Johannesburg, South Africa 4 February 2016 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 04/02/2016 07:06:00 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.