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HAR - Harmony - Harmony And DRDGold Settle Their Excessive Pricing Case With

Release Date: 14/09/2009 14:00:03      Code(s): HAR
HAR - Harmony - Harmony And DRDGold Settle Their Excessive Pricing Case With    
Arcelormittal                                                                   
Harmony Gold Mining Company Limited                                             
Registration number 1950/038232/06                                              
Incorporated in the Republic of South Africa                                    
ISIN: ZAE000015228                                                              
JSE share code: HAR                                                             
("Harmony" or "the company")                                                    
HARMONY AND DRDGOLD SETTLE THEIR EXCESSIVE PRICING CASE WITH ARCELORMITTAL      
Johannesburg. Monday, 14 September 2009. Harmony Gold Mining Company Limited    
(Harmony) and DRDGOLD Limited (DRDGOLD) announced today that they have          
withdrawn their excessive pricing complaint against ArcelorMittal South Africa  
Limited (ArcelorMittal).                                                        
The complaint was initially lodged with the Competition Commission in 2002,     
with the substance of the complaint being that ArcelorMittal (or ISCOR as it    
was then known) abused its dominant position in the South African flat steel    
market by charging excessive prices, to the detriment of consumers, in          
contravention of section 8(a) of the Competition Act, 1998.                     
Harmony and DRDGOLD withdrew their complaint, which remained unresolved after   
several years of litigation, following the conclusion of a settlement           
agreement with ArcelorMittal. The terms of the settlement agreement are         
confidential and will not be made public. The settlement agreement reached      
will permit the gold miners to focus their energies and resources on their      
core businesses, and represents a satisfactory outcome to the matter for them.  
Issued by Harmony Gold Mining Company Limited                                   
For more details contact:                                                       
Nick Altini                                                                     
Cliffe Dekker Hofmeyr                                                           
on +27 (0)83 556 5223                                                           
Corporate Office:                                                               
Randfontein Office Park                                                         
PO Box 2                                                                        
Randfontein                                                                     
South Africa 1760                                                               
T +27 (0)11 411 2000                                                            
www.harmony.co.za                                                               
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 14/09/2009 14:00:03 Supplied by www.sharenet.co.za                     
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