Harmony Gold Mining Co. Ltd.
ISIN No.: ZAE000015228
JSE : HAR
HARMONY RAISES US$112 MILLION
Johannesburg, 30 April 2002 - Harmony today announced the successful
placement of 8,5 million ordinary shares at a price of US$13,20 per share.
The proceeds of the placement, which was completed overnight, will be used
to retire its offshore debt of approximately US$95 million.
"Financing our growth activities offshore have always been subject to
exchange control regulations which has resulted in the company having to
raise debt offshore," commented Bernard Swanepoel, chief executive.
"To enable the company to continue with its strategy of growth through
acquisitions, it was necessary to redeem our Dollar denominated offshore
liabilities. The company is now ideally placed to continue with our strategy
of creating shareholder value locally and outside South Africa," he
For immediate release
30 April 2002
For further details contact:
on +27(0)83 303 9922
on +27(0)82 807 3684
Issued by Harmony Gold Mining Company Limited
Tel +27 11 411 2036
Fax +27 11 411 2169 Mobile +27(0)83 380 6614