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HARMONY GOLD MINING COMPANY LIMITED - Ongoing industrial action at Kusasalethu - Labour court grants interdict employees to return to work

Release Date: 03/04/2017 16:40:00      Code(s): HAR       PDF(s):  
Ongoing industrial action at Kusasalethu - Labour court grants interdict – employees to return to work

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”)

Labour court grants interdict – employees to return to work

Johannesburg, Monday. 3 April 2017: Harmony Gold Mining Company
Limited (“Harmony”) advises that unprotected industrial action at
Kusasalethu has continued, despite various labour agreements
reached with the Association of Mineworkers and Construction Union
(AMCU). As a result, Harmony approached the Labour Court of South
Africa on Friday, 31 March 2017, to obtain an interdict – which
was granted - declaring ongoing industrial action at Kusasalethu
led by AMCU to be unprotected, and requiring employees to return
to work.

Harmony and recognised unions – including AMCU - have entered into
various labour agreements since 2013.   Despite reaching these
agreements, AMCU and its members have since the beginning of 2017
continued to disrupt operations, threatening the safety of
Harmony’s employees and impacting negatively on production.      AMCU
and its members have ignored the court order granted on Friday,
with no employees reporting for work over the weekend or today.
An ultimatum has now been issued to Kusasalethu employees to
return to work tomorrow night, failing which they may be subject
to disciplinary action.

These actions have had significant implications to the viability
of Kusasalethu. Approximately 7 to 10 days of gold production have
been lost since the 21st of March 2017 to date, at a rate of 15kg
of gold production per day. Security measures at the mine have
been increased to address complaints of intimidation and potential
“Continuing with unprotected industrial action poses a real threat
to the continued viability of the Kusasalethu mine. Given the
history of this mine and the serious impact that continued
production interruptions could have on the lives of our employees
and their families, we call on AMCU to show responsible
leadership.   We urge employees at Kusasalethu to return to work,”
said Peter Steenkamp, CEO of Harmony.

For more details contact:

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

3 April 2017
J.P. Morgan Equities South Africa Proprietary Limited.

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