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Harmony Gold Mining Company Limited - Harmony To Repurchase Up To 25% Of Its

Release Date: 30/06/2005 13:30:01      Code(s): HAR
Harmony Gold Mining Company Limited - Harmony To Repurchase Up To 25% Of Its    
Har1 Bond Issue                                                                 
HARMONY GOLD MINING COMPANY LIMITED                                             
Incorporated in 1950                                                            
Registration number 1950/038232/06                                              
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
HARMONY TO REPURCHASE UP TO 25% OF ITS HAR1 BOND ISSUE                          
Harmony Gold Mining Company Limited (the "Company") today announced that it     
would approach the market to purchase up to 25% of the outstanding notional     
amount (ZAR 1,200,000,000.00) (the "Repurchase") of its 13% HAR1 bond (ISIN:    
ZAG000018011) listed on the Bond Exchange of South Africa due 14 June 2006 (the 
"Bonds").  All holders of the Bonds will be given equal opportunity to          
participate in the Repurchase.                                                  
The Repurchase will be conducted as provided for in Section 7 (Redemption and   
Purchases) of the Terms and Conditions of the Bonds as contained in the Bonds"  
Offering Circular dated 12 June 2001.  In accordance with Section 7.4           
(Purchases), "the Issuer may at any time purchase Bonds at any price in the open
market or otherwise".  Further, in accordance with Section 7.5 (Cancellation),  
"all bonds which are redeemed or purchased by the Issuer will forthwith be      
cancelled" and "all Bonds so cancelled shall be held by the Transfer Secretaries
and cannot be re-issued or resold".  Deutsche Bank will manage the Repurchase.  
All holders of the HAR1 bond who wish to participate in the Repurchase are      
invited to post offers with Deutsche Bank between 9:00am and 11:00am on         
Wednesday 6 July.  Deutsche Bank will consider all offers capped at 200 bps over
the Republic of South Africa"s R152 benchmark bond.  Offers will be filled on a 
competitive basis but at a single clearing spread applicable to all offers      
filled.  The final Repurchase size will be at the sole discretion of the        
For more information please contact:                                            
Brenton Saunders (Harmony)   +27 11 684 0146                                    
Zelda Smit (Harmony)   +27 11 411 2231                                          
Douglas Woods (Deutsche Bank)   +27 11 775 7855                                 
Dave Needham (Deutsche Bank)   +27 11 322 6823                                  
30 June 2005                                                                    
Merrill Lynch SA (Pty) Ltd                                                      
Date: 30/06/2005 01:30:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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