Harmony Gold Mining Company Limited - Harmony Gold Mining Company Ltd Potential 
Equity Placing                                                                  
Harmony Gold Mining Company Limited                                             
(Registration number 1950/038232/06)                                            
("Harmony" or the "company")                                                    
ISIN No.: ZAE000015228                                                          
JSE:      HAR                                                                   
NYSE:     HMY                                                                   
Harmony Gold Mining Company Ltd Potential Equity Placing                        
Harmony Gold Mining Company Ltd ("Harmony") is considering an equity offering of
approximately 8 million new shares (4.6% of the issued share capital) to        
institutional investors in South Africa and internationally (the "Placing"). The
proceeds of the Placing will be used for general corporate purposes, to build up
sufficient funds for its growth strategy in South Africa and internationally and
to fund capital projects in South Africa including the Doornkop South Reef      
Project announced on 22 January 2003.                                           
J.P. Morgan Securities Ltd. (JP Morgan) is the lead manager of the Placing.     
For further information on the Placing, please contact:                         
Ferdi Dippenaar      Harmony              +27 82 807 3684                       
Ian Hannam           JP Morgan            +44 (0)207 325                        
                                          1168                                  
This announcement is not for distribution in or into the United States. This    
announcement is not an offer of securities for sale in the United States. The   
shares may not be offered or sold in the United States unless they are          
registered under the US Securities Act of 1933 or exempt from registration.     
There will be no public offering of shares in the United States.                
FOR IMMEDIATE RELEASE                                                           
28 January 2003                                                                 
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN                                       
Date: 29/01/2003 07:43:00 AM Supplied by www.sharenet.co.za                     
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