Not For Release, Publication Or Distribution In Whole Or In Part In Or Release Date: 21/06/2006 08:26:00 Code(s): HAR Not For Release, Publication Or Distribution In Whole Or In Part In Or
Into The United States, Canada Or Japan
HARMONY GOLD MINING COMPANY LIMITED
Incorporated in 1950
Registration number 1950/038232/06
Share code: HAR
NASDAQ, NYSE: HMY
ISIN: ZAE000015228
ACQUISITION OF AN EQUITY STAKE IN VILLAGE MAIN REEF GOLD MINING COMPANY
Johannesburg, 21 June 2006. Harmony Gold Mining Company Limited (NASDAQ,
NYSE: HMY; JSE: HAR) today announced that it has acquired 37.8% of the
issued share capital of Village Main Reef Gold Mining Company Limited
("Village") for an amount of R458,775. The equity stake was purchased
from African Rainbow Minerals Limited at a price of 20 cents per share.
Due to the fact that the acquisition surpasses the 35% mark, Harmony is
obliged under the Securities Regulation Code on Takeovers and Mergers to
extend an offer to the remaining shareholders of Village to acquire all
of their shares at the same price at which it acquired the 37.8% stake.
Should all remaining shareholders accept the offer, it would mean an
additional cash outflow of approximately R754,915. More details regarding
the mandatory offer will be published as soon as possible.
Village is listed on the JSE Limited in the gold sector and has been
dormant for some time without any operating mines. Village has a total
of 6 068 446 shares in issue, with a current market capitalization of
approximately R3.3 million. The acquisition forms part of Harmony"s
strategic positioning.
Issued by Harmony Gold Mining Company Limited
21 June 2006
For more details contact:
Bernard Swanepoel
Chief Executive
on +27(0)83 303 9922
or
Philip Kotze
Executive, Investor Relations
on +27(0)83 453 0544
Investor Relations Officer
Vusi Magadana
Office: +27 11 684 0149
Mobile: +27(0)72 157 5986
The directors of Harmony accept responsibility for the information
contained in this announcement.
Sponsor
Merrill Lynch South Africa (Pty) Limited
Legal adviser
Cliffe Dekker Inc
Date: 21/06/2006 08:26:02 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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