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HARMONY GOLD MINING COMPANY LIMITED - Harmony takes steps to address Continued Listing Standard Notice received from NYSE

Release Date: 11/09/2015 15:00:00      Code(s): HAR       PDF(s):  
Harmony takes steps to address Continued Listing Standard Notice received from NYSE

Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” and/or “the Company”)


Harmony takes steps to address Continued Listing Standard Notice
received from NYSE


Harmony Gold Mining Company Limited (“Harmony” or “the Company”)
advises that the Company (ticker on NYSE: HMY) was notified by the New
York Stock Exchange (“NYSE”) on the 8th of September 2015 that the
trading price of the Harmony American Depositary Receipt (“ADR” or
“Harmony ADR”) has fallen below the NYSE’s continued listing standard.
The NYSE requires that a Harmony ADR’s minimum average closing price
should not be less than US$1.00 per ADR over a period of 30 consecutive
trading days.

The NYSE notification does not affect the Company’s Securities and
Exchange Commission reporting requirements and has no impact on the
Harmony’s business operations.

Under the NYSE’s rules, the Company has a period of six months from the
date of receipt of the NYSE notice to regain compliance with the
minimum share price requirement. During this period, the Harmony ADR
will continue to be traded on the NYSE, subject to the Company’s
compliance with other NYSE listing requirements.

Harmony intends to consider available alternatives - such as changing
the ratio between the ADRs and the underlying ordinary shares (also
referred to as a ‘reverse stock split’) - to cure the share price
deficiency and return to compliance with the NYSE’s continued listing
standard. Any action taken to ensure compliance is not expected to
affect Harmony’s market capitalization.



Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995 with
respect to Harmony’s financial condition, results of operations, business
strategies, operating efficiencies, competitive positions, growth
opportunities for existing services, plans and objectives of management,
markets for stock and other matters. Statements in this announcement that are
not historical facts are “forward-looking statements” for the purpose of the
safe harbour provided by Section 21E of the U.S. Securities Exchange Act of
1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as
amended. Forward-looking statements are statements that are not historical
facts. These statements include financial projections and estimates and their
underlying assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and services, and
statements regarding future performance. Forward-looking statements are
generally identified by the words “expect”, “anticipates”, “believes”,
“intends”, “estimates” and similar expressions. These statements are only
predictions. All forward-looking statements involve a number of risks,
uncertainties and other factors and we cannot assure you that such statements
will prove to be correct. Risks, uncertainties and other factors could cause
actual events or results to differ from those expressed or implied by the
forward-looking statements. These forward-looking statements, including, among
others, those relating to the future business prospects, revenues and income
of Harmony, wherever they may occur in this announcement, are necessarily
estimates reflecting the best judgement of the senior management of Harmony
and involve a number of risks and uncertainties that could cause actual
results to differ materially from those suggested by the forward-looking
statements. As a consequence, these forward-looking statements should be
considered in light of various important factors, including those set forth in
this announcement. Important factors that could cause actual results to differ
materially from estimates or projections contained in the forward-looking
statements include, without limitation: overall economic and business
conditions in the countries in which we operate; the ability to achieve
anticipated efficiencies and other cost savings in connection with past and
future acquisitions; increases or decreases in the market price of gold; the
occurrence of hazards associated with underground and surface gold mining; the
occurrence of labour disruptions; availability, terms and deployment of
capital; changes in government regulations, particularly mining rights and
environmental regulations; fluctuations in exchange rates; currency
devaluations and other macro-economic monetary policies; and socio-economic
instability in the countries in which we operate.


For more details contact:

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

Marian van der Walt
Executive: Corporate and Investor Relations
+27(0) 82 888 1242


Johannesburg, South Africa
11 September 2015

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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