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Harmony Gold Mining Company Limited - Notice To Warrant Holders

Release Date: 12/05/2003 11:11:31      Code(s): HAR
Harmony Gold Mining Company Limited - Notice To Warrant Holders                 
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/038232/06)                                            
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
("Harmony")                                                                     
NOTICE TO WARRANT HOLDERS                                                       
This notice serves as a reminder to all warrant holders that should you wish to 
exercise your warrants, you should do so on any business day on or before 29    
June 2003 ("the expiration date").  A business day is any day, excluding        
Saturday, Sunday and any official public holiday, on which banking institutions 
are generally open for normal banking business in Johannesburg and New York. Any
warrant not exercised before 17:00 (Johannesburg time) on the expiration date   
will become void and all rights of the warrant holders under the warrants and   
the warrant agency agreement will cease.                                        
Should you wish to exercise your warrants, please note the following:           
1    Ensure that all of the following documents are delivered to Harmony"s      
transfer secretaries in South Africa or to the US warrant agent:                
1.1  A completed and signed form of exercise and surrender (attached); and      
1.2  Your warrant certificate/s; and                                            
1.3  Payment of the exercise price                                              
2    When completing the form of exercise and surrender, please ensure that you 
clearly indicate the number of warrants being exercised and whether you want to 
receive ordinary shares or ADS"s. Warrant holders electing to receive ADS"s upon
exercise of the warrants must send the documents referred to above to the US    
warrant agent only.  Should you elect to exercise your warrants through the US  
warrant agent, the exercise price, any fees (except issuance fees) of the       
Depositary and taxes, if any, must be paid in US dollars.                       
3                                                                               
The details of our Transfer        The details of the US                        
Secretaries are:                   warrant agent are:                           
Ultra Registrars (Pty) Ltd         The Bank of New York                         
11 Diagonal Street                 Tender & Exchange                            
Johannesburg 2001                  Department                                   
PO Box 4844, Jhb, 2000             101 Barclay Street                           
Tel: +27 (11) 832-2652             11th Floor New York, NY                      
Fax: +27(11) 834-4398              10286                                        
                                   Tel +1 (212) 815-6011                        
4    Payment of the exercise price may be made in the form of a cheque or bank  
draft payable to Harmony (or, in the case of payments made through the US       
warrant agent, to the US warrant agent for the account of Harmony) or by wire   
transfer of immediately available funds to an account of Harmony"s, which       
account details will be provided by our transfer secretaries.                   
5    Harmony will allot the ordinary share in respect of an exercised warrant to
the exercising warrant holder or, if the warrant holder has elected to receive  
ADS"s, to the US warrant agent, for deposit with the Bank of New York (in its   
capacity as Depositary for the ADS"s) no later than 14 days after the valid     
exercise of a warrant.  Should you elect to receive an ordinary share, but elect
not to have that ordinary share issued through STRATE, Harmony will issue a     
share certificate in respect of the ordinary share no later than 21 days after  
the date the warrant is exercised.                                              
6    If you have transferred your warrant, kindly forward this notice to the new
warrant holder.                                                                 
Should you be in doubt as to the action you should take, please consult your    
stockbroker, attorney, accountant, banker or other professional adviser         
immediately.                                                                    
This notice together with forms of exercise and surrender will be sent to you   
today by ordinary post.                                                         
Harmony Gold Mining Company Limited                                             
MP van der Walt                                                                 
Company Secretary                                                               
Johannesburg                                                                    
12 May 2003                                                                     
Date: 12/05/2003 11:11:41 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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