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HARMONY RESTRUCTURES ITS BOARD OF DIRECTORS

Release Date: 29/04/2004 17:56:01      Code(s): HAR
HARMONY RESTRUCTURES ITS BOARD OF DIRECTORS                                     
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/038232/06)                                            
JSE:          HAR                                                               
NYSE:         HMY                                                               
ISIN No.:     ZAE000015228                                                      
HARMONY RESTRUCTURES ITS BOARD OF DIRECTORS                                     
Johannesburg, Thursday 29 April 2004 - Harmony Gold Mining Company Limited      
("Harmony", NYSE: HMY JSE: HAR) today announced the restructuring of its Board  
of Directors following the announcement on 7 April 2004 that the parties        
concerned (Harmony/ARMI/Avmin) had received approval from the Competition       
Tribunal to proceed with the range of indivisible transactions announced on 13  
November 2003.                                                                  
Mr Patrice Motsepe, Harmony"s Non-Executive Chairman, will now be supported by  
Mr Rick Menell, the company"s newly appointed Deputy Chairman. Harmony also     
appointed Dr Morley Nkosi, who to date served on the board of African Rainbow   
Minerals Limited ("ARM") as a Non-Executive Director. Both their appointments   
were effective 23 April 2004.                                                   
Dr Manana Bakane - Tuoane, Mr Michael King, Dr Sibusiso Sibisi, Dr Rejoice      
Simelane and Mr Max Sisulu resigned as Directors from Harmony effective 21 April
2004, which resignations were accepted by the Harmony Board on 23 April 2004.   
These Directors have all been nominated as Non-Executive Directors of the ARM   
Board. Mr Dan Simelane also tendered his resignation as Executive as he wishes  
to explore other business opportunities. Mr Simelane"s resignation was accepted 
by the Harmony Board  on 23 April 2004.                                         
Mr Frank Abbott, Harmony"s Financial Director, has been nominated as Financial  
Director of ARM. Due to his skills and experience at Harmony, and in order to   
facilitate a smoother handover, it was agreed by the Harmony Board that Mr      
Abbott should continue to be a Director of Harmony, but in the capacity as Non- 
Executive Director. It is anticipated that a new Financial Director will be     
appointed in the next few weeks. Johannes van Heerden, the Financial Director of
Harmony Australia, will in the interim, act as Chief Financial Officer.         
The Harmony Board therefore comprises of the following members:                 
Executive Directors Bernard Swanepoel, Mangisi Gule, Ted Grobicki, Ferdi        
Dippenaar Non-Executive Directors Patrice Motsepe (Chairman), Rick Menell       
(Deputy Chairman), Lord Renwick of Clifton KCMG, Mike Pleming, Simo Lushaba,    
Nolitha Fakude, Cedric Savage, Frank Abbott The Harmony Board therefore now     
comprises 9 Non-Executive Directors (of whom 7 are independent) and 4 Executive 
Directors.                                                                      
"The conclusion of the range of indivisible transactions between ARMI, Avmin and
Harmony, created an opportunity to restructure the Boards of the various        
companies. This enables the companies to draw on the skills and capacities of   
the newly appointed directors as we continue with our track record in creating  
value for shareholders," said Bernard Swanepoel, Chief Executive.               
Information on newly appointed Harmony Board Members                            
Mr Rick Menell, 48, MA, MSc                                                     
Trained as a geologist, Rick has been a merchant banker in New York and         
Melbourne. He also worked as an executive director of Delta Gold in Australia.  
He joined Avmin in February 1992 as assistant financial manager, mines. He was  
later appointed manager, finance and administration (mines) and then general    
manager, corporate service. Appointed managing director of Avmin Limited in 1996
and in 1999 was elected president of the Chamber of Mines of South Africa. He is
also chairman of the South African Tourism Board, a director of the Standard    
Bank Group Limited, Telkom Limited and Mutual & Federal Insurance Company       
Limited and a trustee of the National Business Trust.                           
Dr. Morley Nkosi, 68, PhD (Economics), MBA, BS (Economic)                       
Apart from being an academic, economist and businessman, Morley is the          
chairperson of the National Institute for Economic Policy and managing associate
of Morley Nkosi Associates. He serves on several boards including that of       
Investec Bank Limited.                                                          
ENDS                                                                            
Issued by Harmony Gold Mining Company Limited                                   
29 April 2004                                                                   
For more details contact:                                                       
Bernard Swanepoel                                                               
on +27(0)83 303 9922                                                            
or                                                                              
Ferdi Dippenaar                                                                 
on +27(0)82 807 3684                                                            
Investor Relations Officer                                                      
Corne Bobbert                                                                   
Tel +27 11 684 0146                                                             
Mobile +27(0)83 380 6614                                                        
cbobbert@harmony.co.za                                                          
www.harmony.co.za                                                               
JSE:          HAR             HAR                                               
NYSE:         HMY                                                               
ISIN No.:     ZAE000015228                                                      
ISIN No.:   ZAE000015228                                                        
Date: 29/04/2004 05:56:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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