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Harmony`s Raises Us$124 Million

Release Date: 29/01/2003 12:55:07      Code(s): HAR
Harmony`s Raises Us$124 Million                                                 
Harmony Gold Mining Company Limited                                             
(Registration number 1950/038232/06)                                            
("Harmony" or the "company")                                                    
ISIN No.: ZAE000015228                                                          
JSE:      HAR                                                                   
NYSE:     HMY                                                                   
JSE:      HARW                                                                  
NYSE:     HMYWS                                                                 
ISIN No.: ZAE000031209                                                          
Johannesburg - 29 January 2003 - Harmony Gold Mining Company Limited            
(NYSE: HMY: JSE: HAR) today announced the successful placement of 8             
million ordinary shares at a price of US$15,50 per share,                       
representing a 5.5% discount on yesterday`s closing price on the JSE            
Securities Exchange Johannesburg. The proceeds of the placement,                
which was completed overnight, will be used to fund the current                 
growth activities of the company.                                               
"Harmony is at an exciting time of its history, where having a                  
strong balance sheet is essential to fund its growth strategy at                
this time. With the announcement of our Doornkop South Reef Project,            
the Tshepong North Shaft Project and other growth opportunities, the            
company is increasing its future production profile," commented                 
Bernard Swanepoel, chief executive.                                             
"Harmony, an unhedged gold producer, plans to use the proceeds from the         
placement to strengthen its balance sheet, thereby ensuring the delivery        
of these projects," he concluded.                                               
Issued by Harmony Gold Mining Company Limited                                   
For release on Wednesday                                                        
29 January 2003                                                                 
For more details contact:                                                       
Bernard Swanepoel                                                               
on +27(0)83 303 9922                                                            
Ferdi Dippenaar                                                                 
on +27(0)82 807 3684                                                            
Investor Relations Officer                                                      
Corne Bobbert                                                                   
Tel +27 11 684 0146                                                             
Fax +27 11 684 0188 Mobile +27(0)83 380 6614                                    
JSE:        HAR                                                                 
NYSE:       HMY                                                                 
ISIN No.:   ZAE000015228                                                        
JSE:        HARW                                                                
NYSE:       HMYWS                                                               
ISIN No.:   ZAE000031209                                                        
Date: 29/01/2003 12:55:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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