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HARMONY - EXERCISE OF THE UNDERWRITERS' OPTION ON THE SPECIFIC ISSUE

Release Date: 26/06/2001 13:05:29      Code(s): HAR
Harmony Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/038232/06)
("Harmony" or "the Company")
Exercise of the underwriters' option on the specific issue
Further to the announcement dated 22 June 2001, the board of directors of
Harmony is pleased to announce that J.P.Morgan Securities Ltd ("JPMorgan"),
lead manager of Harmony's international specific issue for cash of ordinary
shares in Harmony ("Harmony shares"), has exercised its option ("the
underwriters' option") to acquire an additional 3,532,500 Harmony shares and
1,177,500 warrants, each warrant entitling the holder to subscribe for one
Harmony share on or before 29 June 2003 on the terms set out in the circular
to shareholders of Harmony dated 17 May 2001 ("warrants"), (collectively
"the specific issue"). The option was exercised solely for the purpose of
covering over-allotments made in connection with the specific issue. The
total size of the specific issue is therefore 27,082,500 ordinary shares and
9,027,500 warrants. The issue price, financial effects, fair and reasonable
opinions, details relating to the issue to non-public shareholders and
listings and JSE Securities Exchange timetable remain as detailed in the
announcement dated 22 June 2001.
Randfontein
26 June 2001
Financial adviser and Sponsor
JPMorgan
Legal adviser
Cliffe Dekker Fuller Moore Inc.
Reporting accountants and auditors
PricewaterhouseCoopers Inc.
Independent merchant bank
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