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HARMONY TAKEOVER OFFER FOR NEW HAMPTON GOLDFIELDS LIMITED

Release Date: 19/12/2000 08:08:19      Code(s): HAR HARO
HARMONY GOLD MINING COMPANY LIMITED
(REGISTRATION NO. 1950/038232/06)
("HARMONY" OR THE "COMPANY")
HARMONY GOLD MINING COMPANY LIMITED ANNOUNCES TAKEOVER OFFER FOR NEW HAMPTON
GOLDFIELDS LIMITED
HARMONY GOLD MINING COMPANY LIMITED TODAY ANNOUNCED THE INTENTION OF ITS
WHOLLY-OWNED SUBSIDIARY, HARMONY GOLD (AUSTRALIA) PTY LIMITED ("HARMONY"), TO
MAKE A CASH OFFER OF A$0.265 PER SHARE FOR ALL THE ISSUED SHARE CAPITAL OF NEW
HAMPTON GOLDFIELDS LIMITED ("NEW HAMPTON") ON ISSUE AT 9.00 AM ON 19 DECEMBER
2000 (THE "OFFER").
THIS VALUES NEW HAMPTON'S SHARES AT APPROXIMATELY A$54.3M IN TOTAL (R229
MILLION AT AN EXCHANGE RATE OF R4.21: A$1), AND REPRESENTS A PREMIUM OF 32.5%
TO THE SHARE PRICE OF A$0.20 AS AT THE CLOSE OF TRADING ON 18 DECEMBER 2000.
HARMONY ALSO INTENDS TO EXTEND ITS OFFER TO INCORPORATE CERTAIN OF THE LISTED
AND UNLISTED OPTIONS IN NEW HAMPTON.
HARMONY HAS ENTERED INTO AN AGREEMENT TO BUY FROM A SUBSIDIARY OF NORMANDY
MINING LIMITED, APPROXIMATELY 19.99% OF NEW HAMPTON'S SHARES AT A$0.265 PER
SHARE.
THE OFFER IS SUBJECT TO CERTAIN CONDITIONS WHICH INCLUDE SOUTH AFRICAN RESERVE
BANK APPROVAL AND HARMONY ACQUIRING A RELEVANT INTEREST IN AT LEAST 50.1% OF
NEW HAMPTON'S SHARES BEFORE THE END OF THE OFFER PERIOD.  HARMONY INTENDS TO
SERVE ITS BIDDER'S STATEMENT FOR NEW HAMPTON SHORTLY.
HARMONY VIEWS ITS OFFER FOR NEW HAMPTON AS AN OPPORTUNITY TO COMMENCE GOLD
MINING OPERATIONS IN AUSTRALIA, IN PARTICULAR, IN THE HIGHLY PROSPECTIVE AND
STRATEGIC KALGOORLIE REGION.
NEW HAMPTON IS CURRENTLY AUSTRALIA'S NINTH LARGEST GOLD PRODUCER, OPERATING THE
JUBILEE AND BIG BELL GOLD OPERATIONS IN WESTERN AUSTRALIA AND HOLDING AN
EXPLORATION PORTFOLIO IN THE KALGOORLIE GOLDFIELDS.  IN THE YEAR TO 30 JUNE
2000, NEW HAMPTON PRODUCED 185 548 OUNCES OF GOLD OF WHICH JUBILEE CONTRIBUTED
APPROXIMATELY 90 000 OUNCES AND BIG BELL, FROM ITS ACQUISITION IN DECEMBER
1999, CONTRIBUTED 95 000 OUNCES.
HARMONY HAS APPOINTED SALOMON SMITH BARNEY AS ITS FINANCIAL ADVISER.
VIRGINIA
19 DECEMBER 2000
SPONSORING BROKER
  CHASE
  (REGISTRATION NUMBER 1995/01185/06)



                                        
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