HARMONY GOLD MINING COMPANY LIMITED - Harmony clears final regulatory hurdle after Australian FIRB approves acquisition of Mac Copper

Harmony clears final regulatory hurdle after Australian FIRB approves acquisition of Mac Copper

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 CLEARS FINAL REGULATORY HURDLE AFTER AUSTRALIAN FOREIGN
INVESTMENT REVIEW BOARD APPROVES LANDMARK ACQUISITION OF MAC COPPER

Johannesburg. Tuesday, 19 August 2025: Harmony Gold Mining Company
Limited ("Harmony" or the "Company") is pleased to announce that its
subsidiary Harmony Gold (Australia) Pty Ltd has received written
notice under section 74(2) of the Foreign Acquisitions and Takeovers
Act 1975 (Cth) on behalf of the Australian Federal Treasurer stating
that the Commonwealth Government does not object to the proposed
acquisition of MAC Copper Limited by way of a Jersey law scheme of
arrangement pursuant to Article 125 of the Companies (Jersey) Law 1991
(as amended) ("Scheme"). This is further to the South African Reserve
Bank (SARB) approval which was obtained on 5 August 2025.

MAC Copper is the owner of the high-grade CSA Copper Mine in New South
Wales, Australia which produced ~41kt of copper in calendar year 2024.

Capitalised terms used in this announcement have   the meaning given to
them in the Scheme Circular, a copy of which is attached to MAC
Copper's announcement released on 31 July 2025. A copy of the Scheme
Circular is available for viewing on MAC's website at
https://maccopperlimited.com/.

Accordingly, the regulatory condition precedent in clause 3.1(c) of
the Implementation Deed has now been fulfilled, and all regulatory
conditions to the Scheme have been met.

"The approval by the Australian Foreign Investment Review Board (FIRB)
marks a key milestone in our acquisition of MAC Copper, with all
regulatory approvals now secured. The CSA mine aligns with our clear
gold-copper growth strategy and strengthens our portfolio. This
transaction accelerates Harmony's transformation into a global gold
and copper producer and offers compelling value for shareholders and
stakeholders," said Beyers Nel, CEO of Harmony.

The Scheme remains subject to the satisfaction of the remaining
conditions as outlined in the Scheme Circular. Specifically, it is
conditional upon:
• Approval of the Scheme and the General Meeting Resolution by the
   requisite majorities of Scheme Shareholders and MAC Copper
   shareholders (as applicable) at the Meetings on 29 August 2025
• Fulfilment or waiver of certain specified conditions precedent to
   the Streams Restructure Deed;
• Sanctioning of the Scheme by the Court at the Court Sanction
   Hearing; and
• Satisfaction of other customary conditions detailed in the Scheme
   Circular.
The Restructuring Documents have been fully executed, and the
remaining deliverables required to satisfy the Consents Condition are
progressing well.

Please refer to the SENS announcement released on 27 May 2025 for the
full details of the transaction. This is available on our website at:
www.harmony.co.za.

A corresponding announcement has also been published by MAC Copper
and is available on their website at www.maccopper.com.

Further updates will be provided as the transaction progresses.

For more details, contact:

Jared Coetzer
Head of Investor Relations
+27 (0) 82 746 4120

Johannesburg
19 August 2025

JSE Sponsor
J.P. Morgan Equities South Africa (Pty) Ltd

Ends.

Date: 19-08-2025 12:26:00
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