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KALGOLD/HARMONY RESULTS OF SCHEME MEETING

Release Date: 27/09/1999 11:17:46      Code(s): KGL HAR HARO
KALAHARI GOLDRIDGE MINING COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 82/02818/06)
("KALGOLD")
HARMONY GOLD MINING COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/38232/06)
("HARMONY")
RESULTS OF SCHEME MEETING
FURTHER TO THE ANNOUNCEMENT ON MONDAY, 6 SEPTEMBER 1999, SHAREHOLDERS OF
KALGOLD ("KALGOLD SHAREHOLDERS") ARE ADVISED THAT AT THE SCHEME MEETING HELD ON
MONDAY, 27 SEPTEMBER 1999, THE SCHEME OF ARRANGEMENT PROPOSED BY HARMONY IN
TERMS OF SECTION 311 OF THE COMPANIES ACT (NO 61 OF 1973) AS AMENDED, BETWEEN
KALGOLD AND ITS SHAREHOLDERS OTHER THAN HARMONY, WEST RAND CONSOLIDATED MINES
LIMITED ("WRCM") AND WEST RAND CONSOLIDATED EXPLORATION (PROPRIETARY) LIMITED
(THE "SCHEME"), WAS APPROVED BY THE REQUIRED MAJORITY OF KALGOLD SHAREHOLDERS
PRESENT AND VOTING AT THE SCHEME MEETING IN PERSON OR BY PROXY.
THE SCHEME IS SUBJECT TO:
* THE SANCTION OF THE HIGH COURT OF SOUTH AFRICA ("WITWATERSRAND LOCAL
DIVISION) (THE "COURT") AND THE ORDER OF COURT BEING LODGED WITH AND REGISTERED
BY THE REGISTRAR OF COMPANIES (THE "REGISTRAR"); AND
* THE SANCTION OF THE SCHEME OF ARRANGEMENT PROPOSED BY HARMONY BETWEEN WRCM
AND ITS SHAREHOLDERS OTHER THAN HARMONY
(THE "WRCM SCHEME") BY THE COURT AND THE REGISTRATION OF THE ORDER OF COURT IN
RESPECT OF THE WRCM SCHEME BY THE REGISTRAR.
THE COURT HEARINGS TO SANCTION THE SCHEME AND THE WRCM SCHEME ARE SCHEDULED FOR
10:00 OR SO SOON THEREAFTER AS COUNSEL MAY BE HEARD ON TUESDAY, 5 OCTOBER 1999
AT THE HIGH COURT BUILDING, VON BRANDIS SQUARE, CORNER PRITCHARD AND VON
BRANDIS STREETS, JOHANNESBURG.
THE SCHEME IS EXPECTED TO BECOME OPERATIVE ON MONDAY, 11 OCTOBER 1999. KALGOLD
SHAREHOLDERS ARE REMINDED TO SURRENDER THEIR DOCUMENTS OF TITLE IN TERMS OF THE
SCHEME. IF THE SCHEME BECOMES OPERATIVE ON MONDAY, 11 OCTOBER 1999, THE SCHEME
CONSIDERATION WILL BE POSTED OR MADE AVAILABLE FOR COLLECTION FROM THAT DATE
FOR THOSE KALGOLD SHAREHOLDERS WHO HAVE SURRENDERED THEIR DOCUMENTS OF TITLE ON
OR PRIOR TO THAT DATE. FOR THOSE KALGOLD SHAREHOLDERS WHO SURRENDER THEIR
DOCUMENTS OF TITLE AFTER MONDAY, 11 OCTOBER 1999, THE SCHEME CONSIDERATION WILL
BE POSTED OR MADE AVAILABLE FOR COLLECTION, FIVE BUSINESS DAYS AFTER THE
SURRENDER OF THEIR DOCUMENTS OF TITLE IN TERMS OF THE SCHEME.
JOHANNESBURG
MONDAY, 27 SEPTEMBER 1999
INDEPENDENT FINANCIAL ADVISER TO KALGOLD
FLEMINGS
ROBERT FLEMING SOUTH AFRICA LIMITED
REGISTRATION NUMBER 95/11812/06
LEGAL ADVISER TO KALGOLD
CLIFFE DEKKER FULLER MOORE INC
(REGISTRATION NUMBER 98/18173/21)
LEGAL ADVISER TO HARMONY
BOWMAN GILFILLAN INC.
REG. NO. 98/21409/21
SPONSORING BROKER TO KALGOLD
FLEMING MARTIN SECURITIES LTD
REGISTRATION NUMBER 95/11815/06
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
SPONSORING BROKER TO HARMONY
DEUTSCHE MORGAN GRENFELL (PROPRIETARY) LIMITED
(REGISTRATION NUMBER 73/06709/07)
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE



                                        
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