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Release Date: 07/04/2004 17:42:02      Code(s): HAR
HARMONY / ARMI / AVMIN Transaction Receives Competition Tribunal Approval       
Harmony Gold Mining Company Limited                                             
JSE       :HAR  HAR                                                             
NYSE:     :HMY                                                                  
ISIN No.  :ZAE000015228                                                         
Press Release                                                                   
Johannesburg, Wednesday 7 April 2004 - Harmony Gold Mining Company Limited      
(NYSE: HMY JSE: HAR) today announced that the parties concerned had received    
approval from the Competition Tribunal to proceed with the range of indivisible 
transactions announced on 13 November 2003.                                     
The only remaining condition precedent to the acquisition of Avmin"s 42.1% stake
in Avgold is the approval of Avmin shareholders in the General Meeting scheduled
for 15 April 2004. Harmony has also made an offer to the remaining Avgold       
shareholders, in the ratio of one Harmony share for 10 Avgold shares.           
Avgold owns the Target Mine in the Free State which is planned to produce in    
excess of 300 000 ounces of gold per annum at a cash cost of US$230 per ounce.  
Avgold also owns the Target North resource, consisting of some 60 million       
"We are very please to have received approval from the Competition Tribunal. The
acquisition of Avgold will further enhance our strategy of building a larger    
quality gold producer. We expect the transaction to be concluded by the third   
week of May 2004," commented Bernard Swanepoel, Chief Executive.                
Issued by Harmony Gold Mining Company Limited                                   
7 April 2004                                                                    
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                                                             
Mobile +27(0)83 380 6614                                                        
Date: 07/04/2004 05:42:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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