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HARMONY/RANDFONTEIN - RESULTS OF OFFER

Release Date: 05/04/2000 16:02:19      Code(s): HAR HARO RFN RFNO
HARMONY GOLD MINING COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/38232/06)
("HARMONY")
RANDFONTIEN ESTATES LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 01/00251/06)
("RANDFONTEIN")
RESULTS OF REVISED OFFER BY HARMONY TO ACQUIRE THE ENTIRE ISSUED ORDINARY SHARE
CAPITAL OF, AND ALL LISTED OPTIONS ISSUED BY, RANDFONTEIN
* HARMONY NOW OWNS 93, 6% OF RANDFONTEIN SHARES
* 440K OF THE COMPANIES ACT TO BE INVOKED
* EXTENSION OF FINAL CLOSING DATE OF THE REVISED OFFER
ROBERT FLEMING SOUTH AFRICA LIMITED IS PLEASED TO ANNOUNCE THAT AS AT 16:00 ON
TUESDAY, 4 APRIL 2000, THE REVISED OFFER FOR RANDFONTEIN SHARES HAS BEEN
ACCEPTED BY RANDFONTEIN SHAREHOLDERS HOLDING 40 983 758 RANDFONTEIN SHARES,
REPRESENTING 90,44% OF ALL THE RANDFONTEIN SHARES WHICH ARE SUBJECT TO THE
REVISED OFFER.
PRIOR TO THE FORMAL LAUNCH OF THE ORIGINAL OFFER ON TUESDAY, 11 JANUARY 2000
(THE "OFFER"), HARMONY HELD, DIRECTLY AND INDIRECTLY,337 500 RANDFONTEIN
SHARES. ON FRIDAY, 14 JANUARY 2000, HARMONY ACQUIRED 22 051 434 RANDFONTEIN
SHARES. TAKING INTO ACCOUNT THE ACCEPTANCES RECEIVED FROM RANDFONTEIN
SHAREHOLDERS UNDER THE REVISED OFFER AS AT 16:00 ON TUESDAY, 4 APRIL 2000, BUT
EXCLUDING ACCEPTANCES OF THE REVISED OFFER WHICH MAY BE RECEIVED DURING THE
COURSE OF TODAY, WEDNESDAY, 5 APRIL 2000, HARMONY NOW HOLDS 63 372 692
RANDFONTEIN SHARES, COMPRISING 93,6% OF THE ENTIRE ISSUED SHARE CAPITAL OF
RANDFONTEIN.
AS THE REVISED OFFER HAS BEEN ACCEPTED BY RANDFONTEIN SHAREHOLDERS HOLDING MORE
THAN 90% OF THE RANDFONTEIN SHARES WHICH ARE SUBJECT TO THE REVISED OFFER,
HARMONY INTENDS TO COMPULSORILY ACQUIRE THE RANDFONTEIN SHARES HELD BY THOSE
RANDFONTEIN SHAREHOLDERS WHO DO NOT ACCEPT THE REVISED OFFER, ON THE SAME TERMS
AND CONDITIONS AS APPLICABLE UNDER THE REVISED OFFER, IN TERMS OF SECTION
440K(1)(A) OF THE COMPANIES ACT, 1973 (ACT 61 OF 1973) AS AMENDED, (THE
"COMPULSORY ACQUISITION"). AN ANNOUNCEMENT REGARDING THE COMPULSORY ACQUISITION
WILL BE MADE IN DUE COURSE AND A CIRCULAR CONTAINING FULL DETAILS OF THE
COMPULSORY ACQUISITION, WHICH IS SUBJECT TO THE APPROVAL OF THE SECURITIES
REGULATION PANEL AND THE JOHANNESBURG STOCK EXCHANGE, IS EXPECTED TO BE POSTED
TO THOSE RANDFONTEIN SHAREHOLDERS WHO HAVE NOT ACCEPTED THE REVISED OFFER ON OR
ABOUT WEDNESDAY, 26 APRIL 2000.
RANDFONTEIN SHAREHOLDERS AND OPTION HOLDERS ARE ADVISED THAT THE BOARD OF
DIRECTORS OF HARMONY HAS DECIDED TO EXTEND THE FINAL CLOSING DATE OF THE
REVISED OFFER TO WEDNESDAY, 26 APRIL 2000, IN ORDER TO ALLOW THOSE RANDFONTEIN
SHAREHOLDERS AND OPTION HOLDERS WHO HAVE NOT ALREADY ACCEPTED THE REVISED OFFER
ADDITIONAL TIME IN WHICH TO DO SO. ACCORDINGLY, ALL REFERENCES IN THE REVISED
OFFER DOCUMENT TO THE FINAL CLOSING DATE SHOULD BE READ AS WEDNESDAY, 26 APRIL
2000. THE OFFER CONSIDERATION WILL BE DESPATCHED TO THOSE RANDFONTEIN
SHAREHOLDERS AND OPTION HOLDERS WHO ACCEPT THE REVISED OFFER WITHIN SEVEN DAYS
OF THE DATE ON WHICH THEY SUBMIT THE RELEVANT FORM OF ACCEPTANCE AND SURRENDER,
DULY COMPLETED AND SIGNED, AND THE DOCUMENTS OF TITLE IN RESPECT OF THEIR
SHARES OR OPTIONS, AS THE CASE MAY BE, TO THE TRANSFER SECRETARIES,
COMPUTERSHARE SERVICES LIMITED, 4TH FLOOR, EDURA HOUSE, 41 FOX STREET,
JOHANNESBURG, 2001 (PO BOX 61051, MARSHALLTOWN, 2107) OR TO COMPUTERSHARE
SERVICES PLC, PO BOX 82, THE PAVILIONS, BRIDGWATER ROAD, BRISTOL, BS99 7NH.
THE REVISED OFFER MADE IN RESPECT OF THE OPTIONS HAS BEEN ACCEPTED BY OPTION
HOLDERS HOLDING 3 138 543 OPTIONS, REPRESENTING 76,86% OF THE OPTIONS WHICH ARE
SUBJECT TO THE REVISED OFFER. AS AT THE DATE ON WHICH THE OFFER WAS FORMALLY
LAUNCHED, HARMONY DID NOT HOLD ANY OPTIONS BUT ON FRIDAY, 14 JANUARY 2000,
HARMONY ACQUIRED 7 916 397 OPTIONS AND TAKING INTO ACCOUNT THE ACCEPTANCES FROM
OPTION HOLDERS UNDER THE REVISED OFFER, HARMONY NOW HOLDS 11 054 940 OPTIONS,
COMPRISING 92,12% OF ALL THE OPTIONS
BY ORDER OF THE BOARD
VIRGINIA
5 APRIL 2000
FINANCIAL ADVISER
ROBERT FLEMING SOUTH AFRICA LIMITED
(REGISTRATION NUMBER 95/11812/06)
JOINT SPONSORING BROKER
FLEMING MARTIN SECURITIES LTD
REGISTRATION NUMBER 95/11815/06
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
CORPORATE BROKING ADVISER
CAZENOVE
(A MEMBER OF THE SECURITIES AND FUTURES
AUTHORITY AND THE LONDON STOCK EXCHANGE)
LEGAL ADVISER
CLIFFE DEKKER FULLER MOORE INC
(REGISTRATION NUMBER 98/18173/21)
JOINT SPONSORING BROKERS
DEUTSCHE BANK SECURITIES (PTY) LTD
(REGISTRATION NUMBER 1973/006709/07)
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
FINANCIER TO THE OFFER
ABSA
CORPORATE BANK
RESOURCES



                                        
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