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Harmony Accepts Placer Dome`s Revised Offer

Release Date: 29/07/2002 11:05:53      Code(s): HAR
Harmony Accepts Placer Dome`s Revised Offer                                     
Harmony Gold Mining Co. Ltd.                                                    
NEWS RELEASE                                                                    
HARMONY ACCEPTS PLACER DOME`s REVISED OFFER                                     
Johannesburg, 29 July 2002 - Harmony Gold Mining Company Limited ("Harmony") is 
pleased to announce that it has agreed to accept Placer Dome`s increased, final 
and unconditional offer for all of its 43,350,992 shares (9.8% interest) in     
AurionGold. Placer Dome increased its offer with a cash payment of $A0,35 per   
AurionGold ordinary share.                                                      
Bernard Swanepoel, chief executive of Harmony, said: "The Placer Dome offer is  
logical and adds value for AurionGold shareholders.   In our view, the terms of 
Placer Dome`s offer are attractive and represent fair value for AurionGold.  We 
believe that the revised offer is substantially above the price at which        
AurionGold would trade in the absence of the offer or if the Placer offer did   
not proceed.  We look forward to becoming a Placer Dome shareholder and expect  
its price to reflect the benefits of the acquisition of AurionGold."            
Date: 29/07/2002 11:05:24 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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