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HAR - Harmony Gold Mining Company Limited - Harmony`s guidance for March 2011

Release Date: 13/04/2011 12:48:01      Code(s): HAR
HAR - Harmony Gold Mining Company Limited - Harmony`s guidance for March 2011   
quarter                                                                         
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")                                                    
PRESS RELEASE                                                                   
HARMONY`S GUIDANCE FOR MARCH 2011 QUARTER                                       
Johannesburg. Wednesday, 13 April 2011. Harmony Gold Mining Company Limited     
("Harmony") announces gold production for the March 2011 quarter is likely to be
2% lower than the previous quarter mainly due the impact of the Christmas break.
Cash operating costs remained steady and capital expenditure was contained      
during the quarter.                                                             
In March 2011 the South African Revenue Services conceded that one of Harmony`s 
subsidiaries is entitled to claim certain capital allowances in terms of the    
Income Tax Act 58 of 1962. This allowance resulted in the reduction of the net  
deferred tax liability and a credit of approximately R330 million on the        
deferred tax line in the income statement, which will have a positive effect on 
Harmony`s headline earnings per share.                                          
Chief Executive Officer, Graham Briggs, commented that: "We remain focused on   
delivering on our long term strategy of generating earnings to fund growth and  
dividends. We have invested capital to build and commission some of the best    
South African gold mining assets, thus significantly enhancing the production   
profile. We will continue with our various initiatives to ensure we are         
producing profitable ounces in the safest possible environment."                
Harmony`s results for the quarter ended March 2011 will be released on Thursday,
5 May 2011. Details of the results presentation are available on the company`s  
website, www.harmony.co.za.                                                     
Issued by Harmony Gold Mining Company Limited                                   
13 April 2011                                                                   
For more details contact:                                                       
Henrika Basterfield                                                             
Investor Relations Officer                                                      
+27 11 411 2314                                                                 
+27 82 759 1775 (mobile)                                                        
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
Randfontein                                                                     
South Africa 1760                                                               
T +27 (11) 411 2000                                                             
www.harmony.co.za                                                               
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 13/04/2011 12:48:01 Supplied by www.sharenet.co.za                     
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