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HAR - Harmony Gold Mining Company Ltd - Harmony and Unions agree to two year

Release Date: 02/08/2011 16:19:01      Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Harmony and Unions agree to two year    
wage agreement                                                                  
Harmony Gold Mining Company Ltd                                                 
Incorporated in the Republic of South Africa                                    
Registration number: 1950/038232/06                                             
JSE Share code: HAR                                                             
NYSE Share code: HMY                                                            
NASDAQ Share code: HMY                                                          
ISIN: ZAE000015228                                                              
PRESS RELEASE                                                                   
HARMONY AND UNIONS AGREE TO TWO YEAR WAGE AGREEMENT                             
Johannesburg. Tuesday, 2 August 2011. Harmony Gold Mining Company Limited       
(`Harmony` or `the Company`) is pleased to announce that it has signed a two    
year wage agreement with the National Union of Mineworkers (NUM), Solidarity and
UASA (collectively referred to as the "Unions") today.  The increases agreed to 
are:                                                                            
Minimum wages at entry level:      10%                                          
Category 5 to 8 employees:         8.5%                                         
Miners, artisans and officials:    7.5%                                         
The wage agreement between Harmony and the Unions also include a profit share   
scheme, in which all employees in the bargaining unit will share on a quarterly 
basis. The profit share will be based on 1% of operating profits less capital   
expenditure from the Company`s South African assets.                            
Employees who participated in the strike will return to work later today.  The  
Company estimates that approximately 500kg of production was lost during the    
strike.                                                                         
Graham Briggs, chief executive officer, commented: "It has been a tough         
negotiation process, but we have managed to reach agreement and avoid a         
protracted strike. We wish to thank the Unions for their understanding and also 
partnering with us in creating a sustainable mining industry."                  
For more details contact:                                                       
Graham Briggs                                                                   
Chief Executive Officer                                                         
+27 83 265 0274 (mobile)                                                        
Marian van der Walt                                                             
Executive: Corporate and Investor Relations                                     
+27 82 888 1242 (mobile)                                                        
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
Randfontein                                                                     
South Africa 1760                                                               
T +27 (0)11 411 2000                                                            
www.harmony.co.za                                                               
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 02/08/2011 16:19:01 Supplied by www.sharenet.co.za                     
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