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HARMONY GOLD MINING COMPANY LIMITED - Harmony extends its CEO?s employment term

Release Date: 23/07/2012 09:02:00      Code(s): HAR
Harmony extends its CEO’s employment term

Harmony Gold Mining Company Limited
("Harmony" or "Company")
Incorporated in the Republic of South Africa
Registration number 1950/038232/06
JSE Share code: HAR
NYSE Share code: HMY
ISIN: ZAE000015228


Harmony extends its CEO’s employment term

Johannesburg. Monday, 23 July 2012. Harmony Gold Mining Company
Limited (“Harmony” or the “company”) is pleased to announce that
Graham Briggs, chief executive officer, who would have retired in
the next year in line with Company policy, has agreed to remain
with Harmony in his current position for another four years.

Chairman of Harmony, Patrice Motsepe said, “Graham has done good
work as chief executive officer of Harmony and is doing
outstanding work in Papua New Guinea. The Board is confident that
he will continue to lead the company in delivering sustainable,
competitive results.”

Furthermore the company has embarked on a process to sharpen its
organisational efficiency. Four key strategic objectives were
considered in making the change, which are: strategy, operational
delivery, standardisation, and growth.

Going forward there will be only one chief operating officer (COO)
for South Africa (SA), Tom Smith, with two operating officers
(OO’s), Beyers Nel and James Mufara. The OO’s then each serves
specific mines in the Company.    The management organogram and the
curriculum vitae of all these individuals can be found on
Harmony’s website at http://www.harmony.co.za/a/profile.asp . Tom
has appointed his own operational team and the rest of the
executive management team will continue reporting to the CEO.

Jaco Boshoff, previously acting as COO of the North operations,
will assume the responsibility of Executive: Ore Resources
Development and Growth and will retain responsibility of COO for
Evander until the sales process has been completed.

“Thank you to the Board for placing their trust in me.       I am
excited about Harmony’s future and pleased to be part of its
continued journey to improve and succeed. I can only be successful
with the support of our employees and believe that the new
organisational structure will assist Harmony in achieving its
targets”, says Graham Briggs, chief executive officer.
For more details contact:

Henrika Basterfield
Investor Relations Manager
On +27 (0)82 759 1775

Corporate Office:
Randfontein Office Park
PO Box 2
Randfontein
South Africa 1760
T: +27 (0)11 411 2000
www.harmony.co.za


23 July 2012

Sponsor:
J.P. Morgan Equities Limited

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