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HARMONY GOLD MINING COMPANY LIMITED - NEWS RELEASE FROM HARMONY

Release Date: 25/11/2004 07:55:57      Code(s): HAR
HARMONY GOLD MINING COMPANY LIMITED - NEWS RELEASE FROM HARMONY                 
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/038232/06)                                            
Share code: HAR     ISIN: ZAE000015228                                          
("Harmony")                                                                     
NEWS RELEASE FROM HARMONY                                                       
24 November 2004                                                                
Clarification: Entitlement of Gold Fields shareholders who accept the early     
settlement offer to any increase in the consideration offered under the         
subsequent offer                                                                
Further to numerous queries raised recently by Gold Fields shareholders, Harmony
wishes to confirm that, in the event that Harmony were to increase the          
consideration to be offered under the subsequent offer after the early          
settlement closing date, those Gold Fields shareholders who had already accepted
the early settlement offer ("accepting shareholders") and received the offer    
consideration due under the early settlement offer would remain entitled to     
receive the full benefit of any increase by Harmony of the consideration offered
under the subsequent offer ("top up consideration"), regardless of whether the  
accepting shareholders had subsequently disposed of their Harmony consideration 
shares.                                                                         
Accepting shareholders would be unconditionally entitled to the top up          
consideration irrespective of whether the subsequent offer becomes or is        
declared unconditional. The top up consideration would be payable to accepting  
shareholders as soon as reasonably practicable following the announcement of any
increase in the consideration offered under the subsequent offer and compliance 
with applicable laws and regulatory requirements, including the effective       
registration of the additional Harmony consideration shares comprising the top  
up consideration under the U.S. Securities Act of 1933.  Harmony believes that  
the top up consideration would be paid in advance of expiration of the          
subsequent offer.                                                               
Accept the Harmony early settlement offer today                                 
ENDS                                                                            
Unless the context otherwise requires, the definitions contained in the offer   
document or the registration statement sent to Gold Fields shareholders have the
same meaning in this announcement.                                              
In connection with the proposed acquisition of Gold Fields, Harmony has filed   
with the United States Securities and Exchange Commission ("SEC"), a            
registration statement on Form F-4 (File no: 333-119880), which includes a final
prospectus relating to the offer, and related exchange offer materials, to      
register the Harmony ordinary shares (including Harmony ordinary shares         
represented by Harmony American Depositary Shares ("ADSs")) issued in exchange  
for Gold Fields ordinary shares held by Gold Fields shareholders located in the 
United States 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, the  
final prospectus and related exchange offer materials , the Statement on        
Schedule TO and any other relevant documents filed with the SEC, as well as any 
amendments and supplements to those documents, because they contain important   
information.  Investors and holders of Gold Fields securities may obtain free   
copies of the registration statement, the final prospectus and  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 final 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.                                      
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 the prospectus and related offer materials that Harmony has sent to holders  
of Gold Fields securities.                                                      
Joint Transaction Sponsors                                                      
Investec Bank Limited                                                           
Merrill Lynch                                                                   
Date: 25/11/2004 07:56:05 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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