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HARMONY GOLD MINING COMPANY LIMITED - Results of Harmony's extraordinary general meeting of shareholders

Release Date: 11/06/2020 15:16:00      Code(s): HAR       PDF(s):  
Results of Harmony's extraordinary general meeting of shareholders

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”)

RESULTS OF HARMONY’S EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

Johannesburg. Thursday, 11 June 2020. Harmony Gold Mining Company Limited (“Harmony” or
the “Company”) advises shareholders that, at Harmony’s Extraordinary General Meeting of
the shareholders held today, the requisite majority of shareholders approved all of the
ordinary and special resolutions (“Resolutions”).

The Resolutions as set out in the notice of the Extraordinary General Meeting forming
part of the Company’s circular to Harmony shareholders, in connection with the Harmony
board’s proposal to seek the authority to issue ordinary shares for cash (pursuant to
a general authority to issue ordinary shares for cash and/or by way of a vendor
consideration placing), for a maximum aggregate subscription consideration of up to
US$200 million.

The subscription proceeds (the “Potential Equity Capital Raising”) will be used by the
Company to fund a part of the consideration payable for the acquisition of AngloGold
Ashanti's South African business as announced by the Company on 12 February 2020.

The market will be accessed at the discretion of the Company. Further announcements
regarding the Potential Equity Capital Raising will be made at the appropriate time.

There were 542 725 460 ordinary shares in issue as at the date of the Extraordinary
General Meeting.

The voting results of the Resolutions were as follows:

                                            Total shares voted           Total shares in
                                                                              issue
                                      For      Against      Total      Shares     Shares
                                      (%)        (%)      (number)      voted    abstained
                                                                         (%)        (%)
ORDINARY RESOLUTIONS
1   General authority to issue       97,88%     2,12%    461 928 650   85,11%     0,41%
    shares for cash
2   Placing control of a specified   97,80%     2,20%    461 754 106   85,08%     0,44%
    number of
    authorised but unissued
    Ordinary Shares in the hands
    of the Board
3   General Authorisation            99,10%     0,90%    461 551 397   85,04%     0,48%
SPECIAL RESOLUTION
1   Authorisation for the issue of   97,83%     2,17%    461 708 229   85,07%     0,45%
    Ordinary Shares to a
    person related or inter-
    related to the Company or
    related or inter-related to a
    Director or prescribed officer
    of the Company for the
    purposes of implementing the
    Potential Equity Capital
    Raising

                                                                                          1
“We successfully increased the value of our asset portfolio over the past 4 years by
acquiring 100% of Hidden Valley (approximately 190 000 ounces of gold) in Papua New
Guinea and then adding a further 250 000 quality ounces of gold through the acquisition
of Moab Khotsong in South Africa. The planned acquisition of Mponeng and Mine Waste
Solutions will further enhance Harmony's near-term production by adding annual gold
production of approximately 350 000 ounces of gold. Section 11 approval (in terms of
the Minerals and Petroleum Resources Development Act) of the transaction is now the
only condition precedent outstanding. Once approved, the integration of these assets
will allow Harmony to further unlock value for its shareholders through increased grades
and stronger margins”, Harmony’s chief executive officer, Peter Steenkamp, said.

“The return-to-work process at Harmony is progressing well, with all of our COVID-19
processes and procedures being strictly adhered to. We anticipate being back in full
production towards the middle of July 2020”, Peter Steenkamp added.

ends.

For more details contact:

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

Max Manoeli
Senior Investor Relations Coordinator
+27(0)82 759 1775 (mobile)

Johannesburg, South Africa
11 June 2020

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




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Date: 11-06-2020 03:16:00
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