HARMONY LURES JAPANESE INVESTORSRelease Date: 02/02/2001 11:06:34 Code(s): HAR HARO
HARMONY GOLD MINING COMPANY LIMITED
HARMONY LURES JAPANESE INVESTORS
Johannesburg, 2 February 2001 - Harmony announced today that it has entered
into an agreement with Jipangu Inc., a private company incorporated in Japan,
whereby Jipangu Inc. has an option to subscribe to 8% of the outstanding shares
of Harmony, by no later than 15 March 2001. Jipangu Inc. have undertaken to pay
a minimum of R40 a share or a premium of 5% over the 30 day moving average
market price for the Harmony shares on the closing date. Jipangu Inc. has
agreed to cap its future investment in Harmony to no more than 21% of Harmony's
issued share capital.
"We have seen an increase in interest in gold from the Japanese investment
market over the last few months," says chief executive Bernard Swanepoel.
"Japanese institutions do not traditionally feature on South African gold
companies' share registers. It is also an investment region that has been
neglected form an Investor Relations perspective. We look forward to expanding
our shareholder base in this region."
For further details contact Bernard Swanepoel
on 2 February 2001 on +27(0) 83 303 9922
Issued by Harmony Gold Mining Company Limited. Contact: Theresa Lee,
Tel +27 11 411 2227, Fax +27 11 692 3879, e-mail: email@example.com
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