Harmony - Tenders Its Western Areas Shares
Harmony Gold Mining Company Ltd
Incorporated in the Republic of South Africa
Registration number: 1950/038232/06
JSE share code: HAR
HARMONY TENDERS ITS WESTERN AREAS SHARES
Johannesburg. Friday 1 December 2006. Harmony Gold Mining Co. Ltd (Harmony)
announced today that it had tendered its Western Areas shares for conversion to
Gold Fields shares.
This follows the offer made by Gold Fields to the Western Areas minority
shareholders contained in the circular dated 00 November 2006. Upon receipt of
its shares, Harmony will own X% of Gold Fields having exchanged 29,2% ownership
in Western Areas.
Chief Executive Bernard Swanepoel says, "Accepting the Gold Fields shares in
lieu of Western Areas shares will facilitate the liquidation of our investment
which although already approved by Harmony"s board of directors, will only be
concluded at an opportune time."
Assuming today"s closing price for Western Areas, this transaction resulted in a
book profit or marked-to-market profit of R00 per share for R100m; the account
profit will therefore be R00 per share for every R100m.
For further information contact
Chief Executive - Harmony Gold
Cell. +27 83 303 9922
General Manager, Investor Relations
Cell. +27 82 654 9241
Merrill Lynch South Africa (Pty) Limited
Date: 01/12/2006 05:45:31 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department