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.
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
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