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HARMONY GOLD MINING COMPANY LIMITED - Change in dividend tax rate post the South African Budget Speech affects interim dividend

Release Date: 24/02/2017 14:52:00      Code(s): HAR       PDF(s):  
Change in dividend tax rate post the South African Budget Speech affects interim dividend

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”)


Johannesburg. Friday, 24 February 2017. Harmony Gold Mining Company
Limited (“Harmony” and/or “the Company”) advises that following the
announcement     of    the     Budget     Speech    delivered     on
22 February 2017 by the Minister of Finance in South Africa, the
withholding tax on dividends was increased from 15% to 20%. This
change will have an impact on the interim dividend that was declared
payable by Harmony on 20 March 2017. The impact of this change is
that the net local dividend amount decreased from 42.5 SA cents to
40 SA cents. Other arrangements for the dividend payment remains the

The new detail of our dividend declaration for the six months ending
31 December 2016 is as follows:

Declaration of ordinary dividend no. 87

The board has approved and declared an interim dividend of 50 SA
cents (4 US cents) per ordinary share in respect of the six months
ended 31 December 2016.

In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the
JSE Listings Requirements the following additional information is
• The dividend has been declared out of income reserves;
• The local Dividends Tax rate is 20% (twenty per centum);
• The gross local dividend amount is 50 SA cents per ordinary share
for shareholders exempt from the Dividends Tax;
• The net local dividend amount is 40 SA cents per ordinary share
for shareholders liable to pay the Dividends Tax;
• Harmony currently has 439 787 199 ordinary shares in issue (which
includes 559 519 treasury shares); and
• Harmony Gold Mining Company Limited’s income tax reference number
is 9240/012/60/0.

A dividend No. 87 of 50 SA cents per ordinary share, being the
dividend for the six months ended 31 December 2016, has been declared
payable on Monday, 20 March 2017 to those shareholders recorded in
the books of the company at the close of business on Friday, 17 March
2017. The dividend is declared in the currency of the Republic of
South Africa. Any change in address or dividend instruction to apply
to this dividend must be received by the company’s transfer
secretaries or registrar not later than Friday, 17 March 2017.
Last date to trade ordinary shares Tuesday, 14 March 2017
cum dividend is

Ordinary shares trade ex-dividend     Wednesday,15 March 2017

Record date                           Friday, 17 March 2017

Payment date                          Monday, 20 March 2017

No dematerialisation or rematerialisation of share certificates may
occur between Wednesday, 15 March 2017 and Friday, 17 March 2017,
both dates inclusive, nor may any transfers between registers take
place during this period.

Also note that Harmony has posted its latest Investor Brief to its
website. Please refer to :


For more details contact:

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

24 February 2017
J.P. Morgan Equities South Africa Proprietary Limited.

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