HARMONY - HARMONY ANNOUNCES MANAGEMENT REALIGNMENT Release Date: 02/02/2005 14:26:00 Code(s): HAR
HARMONY - HARMONY ANNOUNCES MANAGEMENT REALIGNMENT
Harmony Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/038232/06)
Share code: HAR ISIN: ZAE000015228
2 February 2005
Harmony announces management realignment
Harmony announced today that it would be repositioning key managers to oversee
the company"s growth strategy.
CE Bernard Swanepoel said that should the company receive approval from the
competition authorities to implement its proposed merger with Gold Fields, the
realignment will position Harmony to extract the value promised to shareholders
and successfully integrate Gold Fields" assets.
"These appointments are in line with our strategic goal to control Gold Fields.
Bolstering the team in this manner will ensure that we obtain maximum value from
our investment, devote the appropriate and necessary focus and ensure that we
have the capacity to run the assets of the combined company," said Swanepoel. "I
want to free-up my time to be responsible to my employees, my shareholders and
my Board to deliver what we know we can."
Executive Directors Ferdi Dippenaar and Ted Grobicki will work along side
Swanepoel. Ferdi"s Investor Relations role will be filled by a new senior
appointment in due course. Graham Briggs, currently Harmony"s country manager in
Papua New Guinea, will assume responsibility for the Australasian portfolio,
becoming Chief Executive of Harmony Australia.
Nomfundo Qangule will remain responsible for her duties as Financial Director.
Philip Kotze, Peter Steenkamp and Bob Atkinson will be appointed as Operations
Directors for the Long-life, Leveraged and Growth Asset Portfolios respectively.
Swanepoel said the new Senior Management appointments demonstrate the calibre
and depth of the Harmony management team: "I have every confidence that they
will take our company forward and will turn our stated vision into a reality."
Notes to editors
Background on new Senior Management appointees and all others Directors are
available on the Harmony website, www.harmony.co.za
Issued by (direct line, mobile, email):
Ferdi Dippenaar +27 11 684 0140 +27 82 807 3684
Corne Bobbert +27 11 684 0146 +27 83 380 6614
South Africa - Beachhead Media & Investor Relations
Jennifer Cohen +27 11 214 2401 +27 82 468 6469 email@example.com
Patrick Lawlor +27 11 214 2410 +27 82 459 6709 firstname.lastname@example.org
United States - Financial Dynamics Business Communications
Hollis Rafkin-Sax +1 212 850 5789 +1 917 509 0255 hrafkin-sax@fd-
Torie Pennington +1 212 850 5629 +1 917 838 1369 tpennington@fd-
United Kingdom - Financial Dynamics Business Communications
Nic Bennett +44 207 269 7115 +44 7979 536 619 email@example.com
Charles Watenphul +44 207 269 7216 +44 7866 438 013 firstname.lastname@example.org
US Information Agent - MacKenzie Partners, Inc
Daniel Burch +1 212 929 5500 email@example.com
Steve Balet +1 800 322 2885
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 merger, Harmony has filed with the U.S.
Securities and Exchange Commission ("SEC"), 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 ADSs) to be issued in exchange for the remainder of Gold
Fields ordinary shares held by Gold Fields shareholders resident in the United
States and for Gold Fields ADSs held by Gold Fields shareholders wherever
resident, 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 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
preliminary and final prospectus (when available) 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
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-
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 in the US,
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 US will only be made pursuant to a
prospectus and related offer materials that Harmony has sent 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 US prior to the time the registration statement becomes
effective. No offering of securities shall be made in the US 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 announcement. 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 announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.
Date: 02/02/2005 02:26:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department