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HARMONY GOLD MINING COMPANY LIMITED - Harmony's NYSE share price cured after improved trading performance

Release Date: 02/02/2016 14:16:00      Code(s): HAR       PDF(s):  
Harmony's NYSE share price cured after improved trading performance

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's NYSE share price cured after improved trading performance

Harmony Gold Mining Company Limited (Harmony) is pleased to
advise that the trading price of the Harmony American
Depositary Receipts (ADRs) on the New York Stock Exchange
(Ticker: HMY) has complied with the NYSE’s continued listing
standard, a month before the expiry of the six months’ notice
period and therefore no reverse split or change in ADR ratio
(currently 1:1) is required.

Harmony received notice from the NYSE on 8 September 2015
regarding the ADR price being below US$1. Harmony’s ADR has
now complied with the NYSE’s continued listing standard by
achieving a minimum closing price of US$1 on 29 January 2016
and a minimum average of US$1 over 30 consecutive trading
days.


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
2 February 2016

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

Date: 02/02/2016 02:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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