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Harmony Gold Mining Company Limited - Press Announcement

Release Date: 30/01/2003 09:55:09      Code(s): HAR
Harmony Gold Mining Company Limited - Press Announcement                        
Harmony Gold Mining Company Limited                                             
Share code:                                                                     
JSE:HAR                                                                         
NYSE:HMY                                                                        
ISIN No.:ZAE000015228                                                           
Share code:                                                                     
JSE:HARW                                                                        
NYSE:HMYWS                                                                      
ISIN No.:ZAE000031209                                                           
HARMONY DISPOSES OF ITS STAKE IN PLACER DOME                                    
Johannesburg - 30 January 2003 - Harmony Gold Mining Company Limited            
(NYSE: HMY: JSE: HAR) today announced that it has disposed of its 1,9%          
shareholding in Placer Dome. The 7 586 422 shares, which were classified as a   
non-core investment, were sold at an average price of US$11.52 per share,       
realising some US$87 million.                                                   
"This disposal concludes our very successful investment which was originally    
made in Goldfields Limited of Australia, at a cost of R225 million. The cash    
proceeds from this transaction will further enhance the strength of the         
company`s balance sheet," commented Bernard Swanepoel, chief executive.         
ENDS                                                                            
Date: 30/01/2003 09:55:00 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             



                                        
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