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Conversion Of Preference Shares In Harmony By The Industrial Development

Release Date: 04/02/2002 11:45:18      Code(s): HAR
Corporation Of South Africa Limited (The "IDC")
Harmony Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/098232/06)
(Codes for ordinary shares - HAR. ISIN: ZAE000015228)
(Codes for warrants - HARW, ISIN: ZAE000031209)
Conversion of preference shares in Harmony by the Industrial Development
Corporation of South Africa Limited (the "IDC")
Shareholders of Harmony are advised that the IDC converted their 10 958 904
redeemable convertible preference shares in the share capital of Harmony
("preference shares") at a conversion price of R41,50 per preference share.
The IDC accordingly obtained an additional 10 958 904 ordinary shares in
Harmony ("Harmony shares") and the preference shares have been cancelled.
Harmony has been advised by the IDC that it has completed a placement of an
equivalent number (10 958 904) of Harmony shares in the market over the past
three weeks at an average price of R85,46 per Harmony share.
This will result in Simane Security Investments (Proprietary) Limited
becoming an unencumbered holder of approximately 6,8% of Harmony's shares.
Randfontein
4 February 2002



                                        
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