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Village/ Harmony - Salient dates and times in respect of the offer by

Release Date: 21/07/2006 16:00:12      Code(s): HAR VIL
     Village/ Harmony -  Salient dates and times in respect of the offer by     
                         Harmony to Village shareholders                        
     Harmony Gold Mining Company Limited                                        
(Incorporated in the Republic of South Africa)                             
     (Registration number 1950/038232/06)                                       
     JSE code: HAR                                                              
     ISIN: ZAE000015228                                                         
     Village Main Reef Gold Mining Company (1934) Limited                       
     (Incorporated in the Republic of South Africa)                             
     (Registration number 1934/005703/06)                                       
JSE code: VIL                                                              
     ISIN: ZAE000007720                                                         
     Salient dates and times in respect of the offer by Harmony to Village      
     1.   Introduction                                                          
          Shareholders are referred to Harmony"s announcement released on the   
          Securities Exchange News Service ("SENS") on Wednesday, 21 June 2006, 
wherein it was announced that Harmony had acquired 2 292 500 Village  
          shares from African Rainbow Minerals Limited, at a purchase price of  
          20 cents per Village share, which equates to 37.8% of the issued share
          capital of Village. On Thursday, 22 June 2006, it was further         
announced that Harmony had stated its firm intention to make a        
          mandatory cash offer to Village shareholders, other than Harmony      
          ("minority shareholders"), to acquire their Village shares at a price 
          of 20 cents per Village share ("the offer").                          
The acquisition of Village shares from the minority shareholders is to
          be implemented in terms of the Companies Act, 1973 (Act 61 of 1973),  
          as amended ("the Act") and the Securities Regulation Panel ("SRP")    
          Code. Shareholders are advised that should Harmony acquire nine-tenths
of the Village shares, which it does not already own, under the offer,
          it does not intend invoking the provisions of section 440K of the Act 
          to acquire the Village shares of those minority shareholders who do   
          not accept the offer.                                                 
This announcement contains the salient dates and times in relation to 
          the offer.                                                            
     2.   Salient dates and times                                               
          The expected dates and times pertaining to the offer are set out      
          The offer                                 2006                        
          Offer opens at 09:00                      Friday, 21 July             
          Last day to trade in Village shares on    Thursday, 3 August          
the JSE Limited ("JSE") in order to be                                
          eligible to participate in the offer                                  
          Village shares trade "ex" the offer       Friday, 4 August            
          Record date to participate in the offer   Friday, 11 August           
Closing date of the offer at 12:00        Friday, 11 August           
          Results of the offer released on SENS     Monday, 14 August           
          Results of the offer published in the     Tuesday, 15 August          
          South African press                                                   
          1.   Any changes to the above dates and times will be released on SENS
               and published in the South African press.                        
          2.   All times given in this announcement are local times in South    
          3.   Share certificates may not be dematerialised or rematerialised   
               between Friday, 4 August 2006 and Friday, 11 August 2006 (both   
               days inclusive).                                                 
4.   The offer consideration will be posted or transferred at the risk
               of such offer participant by no later than five business days of 
               4.1  receipt of the valid form of acceptance, surrender and      
transfer together with the relevant document(s) of title,   
                    provided that such acceptances have been received before    
                    12:00 on the closing date; or                               
               4.2  receipt of a valid acceptance by the transfer secretary and 
dealt with in terms of the custody agreements entered into  
                    between the offer participants and his broker, as the case  
                    may be.                                                     
     3.   Circular                                                              
A circular, which has been approved by the SRP and the JSE, providing 
          full information on the offer and incorporating a form of acceptance, 
          surrender and transfer will be posted to Village shareholders today,  
          Friday 21 July 2006. This circular is available in English only and   
additional copies may be obtained from the registered offices of      
          Harmony at First Floor, 4 The High Street, Melrose Arch, 2196 and     
          Village at ARM House, 29 Impala Road, Chislehurston, Sandton, 2196.   
21 July 2006                                                          
Sponsor to Harmony          Investment Bank and Sponsor to Village              
Merrill Lynch               Nedbank Capital                                     
Legal advisor to Harmony                                                        
Cliffe Dekker Inc.                                                              
Date: 21/07/2006 04:00:18 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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