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Harmony Gold Mining Company Limited - Partial Repurchase Of Har1 Bond Issue

Release Date: 06/07/2005 13:45:01      Code(s): HAR
Harmony Gold Mining Company Limited - Partial Repurchase Of Har1 Bond Issue     
HARMONY GOLD MINING COMPANY LIMITED                                             
Incorporated in 1950                                                            
Registration number 1950/038232/06                                              
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
PARTIAL REPURCHASE OF HAR1 BOND ISSUE                                           
Harmony Gold Mining Company Limited (NYSE: HMY JSE: HAR) today announced that it
had completed the partial re-purchase of its HAR1 corporate bond. A total of    
R281,685,169 of the bond"s face value has been repurchased at a cost of some    
R294,619,194. The re-purchase was done at a spread of 195 bps above the         
benchmark government issue (R152). This represents 23.5% of the total issue due 
for redemption in June 2006 compared to an allocated maximum amount for the     
repurchase of 25% of the total issue. The bond has a semi-annual coupon of 13%  
and was launched in 2001.                                                       
The results of the book-build are as follows:                                   
Notional amount of total offers accepted               R 281,685,169            
Re-purchase consideration                              R 294,619,194            
Re-purchase spread                                     195 bps over R152        
Re-purchase yield                                      8.81%                    
Re-purchase price                                      104.59166                
Statistics on the book:                                                         
Percentage of HAR1 outstanding notional re-purchased   23.5%                    
Weighted average spread of all offers received         184.5 bps over R152      
Deutsche Bank managed the repurchase.                                           
6 July 2005                                                                     
Sponsor:  Merrill Lynch                                                         
Date: 06/07/2005 01:45:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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