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JOINT NEWS RELEASE by Harmony Gold Mining Co. Ltd. And African Rainbow Minerals

Release Date: 16/07/2003 16:23:03      Code(s): HAR HARW
JOINT NEWS RELEASE by Harmony Gold Mining Co. Ltd. And African Rainbow Minerals 
Gold Ltd.                                                                       
ARMgold AND HARMONY MERGER -                                                    
COMPETITION TRIBUNAL APPROVES DEAL                                              
Johannesburg, 16 July 2003 - Harmony Gold Mining Company  Limited (NYSE: HMY    
JSE: HAR) and African Rainbow Minerals  Gold Ltd. (JSE: AOD) today announced the
approval by the Competition Tribunal of the proposed merger between the two     
companies.                                                                      
On 2 July 2003, the Competition Commission unconditionally approved the merger  
and recommended it to the Competition Tribunal for final consideration. The     
final approval by the Competition Tribunal now paves the way for the            
shareholders of both Harmony and ARMgold to vote on the proposed merger during  
August 2003.                                                                    
Subject to the approval from shareholders, the merger will be presented for     
court sanction early in September 2003. Court approval of the scheme will result
in the termination of the ARMgold listing in the latter half of September 2003, 
and the new Harmony becoming South Africa"s largest gold producer, producing    
approximately 4,0 million ounce per annum.                                      
ENDS                                                                            
Issued by Harmony Gold Mining Company Limited ("Harmony")                       
And African Rainbow Minerals Gold Limited ("ARMgold")                           
For release on Wednesday 16 July 2003                                           
For more details contact:                                                       
Bernard Swanepoel  on +27(0)83 303 9922                                         
or                                                                              
Patrice Motsepe                                                                 
on +27(0)82 560 0930                                                            
or                                                                              
Ferdi Dippenaar                                                                 
on +27(0)82 807 3684                                                            
or                                                                              
Pieter Taljaard                                                                 
on +27(0)82 441 8834                                                            
Harmony                                                                         
Investor Relations Officer                                                      
Corne Bobbert                                                                   
Tel +27 11 684 0146Fax +27 11 684 0188                                          
Mobile +27(0)83 380 6614                                                        
cbobbert@harmony.co.za                                                          
www.harmony.co.za                                                               
JSE:        HAR             HAR                                                 
NYSE:       HMY                                                                 
ISIN No.:   ZAE000015228                                                        
JSE:        HARW                                                                
NYSE:       HMYWS                                                               
ISIN No.:   ZAE000031209                                                        
ARMgold                                                                         
Investor Relations Officer                                                      
Mangisi GuleTel +27 11 883 5606Fax +27 11 883 5609                              
Mobile +27(0)82 805 3863                                                        
mangisi.gule@armgold.com                                                        
www.armgold.com                                                                 
JSE:          AOD           HAR                                                 
ISIN No.: AE000039244                                                           
Date: 16/07/2003 04:23:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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