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Harmony Gold Mining Company Limited - Gold Fields Limited in breach of

Release Date: 15/11/2004 17:06:01      Code(s): HAR
Harmony Gold Mining Company Limited - Gold Fields Limited in breach of          
confidentiality agreement                                                       
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/038232/06)                                            
Share code: HAR     ISIN: ZAE000015228                                          
("Harmony")                                                                     
15 November 2004                                                                
Gold Fields Limited in breach of confidentiality agreement                      
Harmony has received several enquiries from the media regarding a document      
prepared by HSBC Bank plc ("HSBC") in August 2004.  Harmony understands that    
this and other documents were provided to the media by Edward Nathan & Friedland
(Proprietary) Limited ("ENF"), legal advisers to Gold Fields, on the evening of 
Friday, 12 November 2004.                                                       
It should be noted that the release of these documents to the media by Gold     
Fields Limited ("Gold Fields") and its advisors represents a breach of the      
confidentiality agreement under which these documents were provided to ENF and a
breach of the basis on which the documents could be used by Gold Fields: that is
to say, for the purposes of the Competition Tribunal and not for their          
distribution to the media.                                                      
The document refers to a possible transaction between Harmony, Gold Fields and  
JSC MMC Norilsk Nickel ("Norilsk") which would involve the separation of the    
companies respective South African and international assets into two separate   
entities.                                                                       
Harmony, in common with all major corporations, regularly receives unsolicited  
proposals of this kind from investment banks.  In recent months, and            
particularly after the announcement of the acquisition by Norilsk of Anglo      
American"s stake in Gold Fields, Harmony received various proposals regarding,  
inter alia, a proposed takeover of Gold Fields from a number of investment banks
including, J.P. Morgan plc ("J.P. Morgan"), Investec Bank Limited ("Investec")  
and HSBC.                                                                       
It should be noted that the JP Morgan proposal was submitted after it had been  
appointed as adviser to Gold Fields.                                            
Harmony has not implemented, and does not plan to implement, any of the ideas   
submitted by J.P. Morgan, Investec or HSBC in this period but has developed its 
own strategy which it is now pursuing.                                          
Harmony believes its own strategy is a unique opportunity for Gold Fields       
shareholders, creating the world"s largest gold mining company by reserves and  
production.                                                                     
ENDS                                                                            
In connection with the proposed acquisition of Gold Fields, Harmony has filed a 
registration statement on Form F-4, which includes a preliminary prospectus and 
related exchange offer materials, to register the Harmony ordinary shares       
(including Harmony ordinary shares represented by Harmony American Depositary   
Shares (ADSs)) to be issued in exchange for Gold Fields ordinary shares held by 
Gold Fields shareholders located in the US and for Gold Fields ADSs held by Gold
Fields shareholders wherever located, as well as a Statement on Schedule TO.    
Investors and holders of Gold Fields securities are strongly advised to read the
registration statement and the preliminary prospectus, the related exchange     
offer materials and the final prospectus (when available), the Statement on     
Schedule TO and any other relevant documents filed with the Securities and      
Exchange Commission (SEC), as well as any amendments and supplements to those   
documents, because they will contain important information.  Investors and      
holders of Gold Fields securities may obtain free copies of the registration    
statement, the preliminary and final prospectus (when available), related       
exchange offer materials and the Statement on Schedule TO, as well as other     
relevant documents filed or to be filed with the SEC, at the SEC"s web site at  
www.sec.gov.  The preliminary prospectus and other transaction-related documents
may be obtained for free from MacKenzie Partners, Inc., the information agent   
for the U.S. offer, at the following address: 105 Madison Avenue, New York, New 
York 10016; telephone 1 (212) 929 5500 (call collect) or 1 (800) 322 2885 (toll-
free call); e-mail proxy@mackenziepartners.com.   Investors and security holders
may obtain a free copy of the Form 20-F filed with the SEC on October 5, 2004,  
as amended, and any other documents filed with or furnished to the SEC by       
Harmony at www.sec.gov.                                                         
This communication is for information purposes only.  It shall not constitute an
offer to purchase or exchange or the solicitation of an offer to sell or        
exchange any securities of Gold Fields or an offer to sell or exchange or the   
solicitation of an offer to buy or exchange any securities of Harmony, nor shall
there be any sale or exchange of securities in any jurisdiction in which such   
offer, solicitation or sale or exchange would be unlawful prior to the          
registration or qualification under the laws of such jurisdiction.  The         
distribution of this communication may, in some countries, be restricted by law 
or regulation.  Accordingly, persons who come into possession of this document  
should inform themselves of and observe these restrictions.  The solicitation of
offers to buy Gold Fields ordinary shares (including Gold Fields ordinary shares
represented by Gold Fields ADSs) in the United States will only be made pursuant
to a prospectus and related offer materials that Harmony expects to send to     
holders of Gold Fields securities.  The Harmony ordinary shares (including      
Harmony ordinary shares represented by Harmony ADSs) may not be sold, nor may   
offers to buy be accepted, in the United States prior to the time the           
registration statement becomes effective.  No offering of securities shall be   
made in the United States except by means of a prospectus meeting the           
requirements of Section 10 of the United States Securities Act of 1933, as      
amended.                                                                        
The directors of Harmony accept responsibility for the information contained in 
this press release.  To the best of the knowledge and belief of the directors of
Harmony (who have taken all reasonable care to ensure that such is the case),   
the information contained in this press release is in accordance with the facts 
and does not omit anything likely to affect the import of such information.     
Date: 15/11/2004 05:06:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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