Harmony Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/038232/06)
Share code: HAR   ISIN: ZAE000015228
("Harmony" or "the Company")
Successful completion of an issue of shares for cash
The board of directors of Harmony is pleased to announce the successful
completion of an international issue of  8,500,000 new ordinary shares in
Harmony with a par value of 50 cents each ("Harmony shares") for a cash
price (including premium) of R139.65 (US$13.20) per Harmony share.
The issue price was determined following a book-building process which
commenced at the close of business on Monday, 29 April 2002, and closed
prior to the commencement of business on Tuesday, 30 April 2002. The issue
price of R139.65 per Harmony share represents a discount of 5% to the
closing price of the Harmony shares on the JSE Securities Exchange ("JSE")
on Monday, 29 April 2002 and a premium of 8,2% to the weighted average
traded price of Harmony shares over the 30 trading days prior to the date
that the issue price was determined.
The pro-forma effects of the issue on earnings and net asset value per
Harmony share on the basis set out below are as follows:
                                         Before After   % Increase /
                                                        (Decrease)
Net  asset and tangible asset value per  3853   4364    13
ordinary share (cents)
Earnings per share (cents)               386    381     (1)
Headline earnings per share (cents)      383    378     (1)
Fully diluted earnings per share         374    369     (1)
(cents)
Notes:
1.   The pro-forma consolidated income statement has been compiled from the
  consolidated income statement of Harmony for three month period ended
  31March 2002.
2.   The after column on the pro-forma consolidated income statement relates
  to the following:
-     interest  of  12% per annum received on cash generated by  the  shares
  issued as indicated below; and
-    tax effects related to the above.
3.    The  pro-forma consolidated balance sheet has been compiled  from  the
  consolidated  balance sheet of Harmony as at 31 March 2002,  adjusted  for
  8,500,000 Harmony shares.
4.   Fully diluted earnings per share is calculated on the average number of
  diluted shares in issue for the quarter ended 31 March 2002: 164,7 million.
  Diluted earnings per share is calculated on the listed warrants issued.
The Harmony shares are to be listed on the JSE. Application will be made for
the listing of the Harmony shares on the Official List of the United Kingdom
Listing Authority and for admission to trading on the London Stock Exchange.
Application is also expected to be made for listing of the Harmony shares on
the Premier March  of the Euronext Paris.
Randfontein
30 April 2002
SPONSOR
JPMorgan