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HARMONY - PRESS RELEASE

Release Date: 25/01/1999 12:03:13      Code(s): HAR HARO
HARMONY'S CONTINUED STRONG PERFORMANCE PAYS DIVIDENDS
JOHANNESBURG, 25 JANUARY 1999 - HARMONY HAS REWARDED ITS SHAREHOLDERS BY
DECLARING AN INTERIM DIVIDEND OF 50 CENTS PER SHARE.
CHIEF EXECUTIVE, BERNARD SWANEPOEL SAYS THE COMPANY HAS RESUMED PAYING
DIVIDENDS FOR THE FIRST TIME IN THREE YEARS. "ALTHOUGH A DIVIDEND PAYMENT OF 50
CENTS PER SHARE IS RATHER CONSERVATIVE, IT IS OWED TO THE FACT THAT WE WOULD
LIKE TO KEEP GROWING THE BUSINESS".
DURING 1998, THE HARMONY SHARE PRICE OUTPERFORMED MOST STOCKS ON THE JSE
RETURNING A STAGGERING 148%.  THE COMPANY HAS GROWN FROM A MARGINAL LEASE-BOUND
MINE PRODUCING APPROXIMATELY 580 000 OUNCES OF GOLD PER ANNUM INTO ONE OF THE
TWELVE IN EXCESS OF ONE MILLION OUNCE PRODUCERS IN THE WORLD IN A REMARKABLY
SHORT PERIOD. "IT'S TIME WE STARTED REWARDING OUR SHAREHOLDERS", SAYS SWANEPOEL
ACCORDING TO SWANEPOEL THE PREVAILING GOLD PRICE AND INTERNATIONAL GOLD MARKET
CONDITIONS SUPPORT LOCAL AND INTERNATIONAL GROWTH OPPORTUNITIES FOR HARMONY IN
THE SHORT TO MEDIUM TERM.
"DESPITE THE DEPRESSED GOLD PRICE, HARMONY IS WELL ON TRACK TO BECOMING AN
INTERNATIONAL PRODUCER IN TERMS OF OUTPUT AND PROFITABILITY.  THIS WILL
ULTIMATELY RESULT IN SHAREHOLDERS BEING REWARDED WITH REAL GROWTH IN EARNINGS
PER SHARE.  I BELIEVE THE COMPANY'S SPECTACULAR GROWTH OVER THE PAST THREE
YEARS IS SUSTAINABLE", SAYS SWANEPOEL.
ENDS
ISSUED BY HARMONY GOLD MINING COMPANY LIMITED.  CONTACT: CHRISTINE LEONARDI;
TEL. +27(11) 802-1822; FAX: +27(11) 802-2363; E-MAIL CLEONARDI@HARMONY.CO.ZA.



                                        
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