Harmony Gains Control Of Hill 50 Limited
Release Date: 08/03/2002 09:52:26 Code(s): HAR
Harmony Gold Mining Co. Ltd.
HARMONY GAINS CONTROL OF HILL 50 LIMITED
Johannesburg, 8 March 2002 - Harmony today announced that its shareholding
in Hill 50 Limited had reached 53.1%. Harmony also has a relevant interest
in 77.5% of the Hill 50 listed options.
As a result of the acceptances and on-market purchases to-date, Harmony now
has shareholder control of Hill 50.
Bernard Swanepoel, chief executive, commented, "We are obviously very
pleased with the progress being made with more than a week to go. The
acceptances by such a large portion of Hill 50 shareholders at such an early
stage confirms the fair value of the Harmony offer. We encourage all
remaining Hill 50 shareholders to accept the Harmony offer as soon as
The Harmony offers are scheduled to close on 15 March 2002.
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