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HARMONY DISPOSES OF 12 MILLION MOLOPE "N" SHARES

Release Date: 17/05/1999 10:59:16      Code(s): HAR HARO
AS STATED AT THE TIME OF THE DISPOSAL OF THE EAST RAND OPERATIONS IN DECEMBER
1998, HARMONY RECEIVED 12 MILLION MOLOPE "N" SHARES, AT A NOTIONAL VALUE OF
R60.0 MILLION, AS PART PAYMENT OF THE PURCHASE PRICE OF R90.0 MILLION.  DURING
THE MARCH 1999 QUARTER, THE COMPANY REPORTED THAT IT HAD DISPOSED OF 6 MILLION
OF THESE SHARES AT A PRICE OF R4.70 PER SHARE FOR A CONSIDERATION OF R28.2
MILLION.
CHIEF EXECUTIVE, BERNARD SWANEPOEL, STATED AT THE TIME THAT IT WAS NOT
HARMONY'S INTENTION TO BE LONG TERM HOLDERS OF THESE SHARES AND THAT THEY WOULD
CONSIDER THE DISPOSAL OF THESE REMAINING SHARES TO WILLING BUYERS.
ON 14 MAY 1999 THE COMPANY DISPOSED OF THE REMAINING 6 MILLION SHARES, ALSO AT
A PRICE OF R4.70 PER SHARE FOR A FURTHER CONSIDERATION OF R28.2 MILLION.  THE
EFFECTS OF THE TRANSACTION WILL BE INCLUDED IN THE JUNE QUARTER'S RESULTS.
ENDS
ISSUED BY HARMONY GOLD MINING COMPANY LIMITED.  CONTACT:  CHRISTINE LEONARDI;
PH: +27(11) 802-1822; FAX: +27(11) 802-2363; E-MAIL: CLEONARDI@HARMONY.CO.ZA



                                        
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