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HARMONY GOLD MINING COMPANY LIMITED - Dealings in securities by an associate of a director

Release Date: 12/06/2025 07:05
Code(s): HAR     PDF:  
Wrap Text
Dealings in securities by an associate of a director

Harmony Gold Mining Company Ltd
Registration number: 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
("Harmony" or the "Company")


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

Johannesburg, Thursday, 12 June 2025. In compliance with paragraphs 3.63 to 3.74
of the JSE Limited Listings Requirements, the following information is disclosed.



Shareholders are advised that African Rainbow Minerals Limited ("ARM"), an
associate of Dr Patrice Motsepe, has entered into a hedging collar transaction
over 18 million ordinary shares of ARM's equity in Harmony representing 24% of
its equity in Harmony, as disclosed below, and announced by ARM on the Stock
Exchange News Services on 11 June 2025 ("Announcement"). This hedging collar
transaction and related arrangements provide ARM with access to funding in the
future on efficient terms, if and when required, for its own strategic objectives,
while allowing ARM to retain further upside exposure to the Harmony share price,
up to the call option strike price. ARM retains full exposure to the residual
Harmony shares held by it that are not subject to the hedging collar. The
Announcement also stated that ARM remains fully committed to Harmony as a strategic
investment and remains confident in Harmony and its management's ability to drive
growth and value for its shareholders.



Director                                  :    Dr. Patrice Motsepe
Company                                   :    Harmony
Designation                               :    Chairman
Name of associate                         :    ARM
Nature of interest                        :    Indirect, beneficial


Transaction 1
Date of transaction                       :    10 June 2025
Class of securities                       :    Options over Harmony ordinary
                                               shares
On market/off market                      :    Off market
Nature of transaction                     :    Purchase of European put
                                               options with a strike price
                                               of R 234.85 per share
Exercise dates                            :    The average of the exercise
                                               dates is 10 June 2030
Number of options                         :    18,000,000
Notional value of transaction in 2030     :    R4,227,291,000


Transaction 2
Date of transaction                       :    10 June 2025
Class of securities                       :    Options over Harmony ordinary
                                               shares
On market/off market                      :    Off market
Nature of transaction                     :    Sale of European call options
                                               with a strike of R562.40 per
                                               share
Exercise dates                            :    The average of the exercise
                                               dates is 10 June 2030
Number of options                         :    18,000,000
Notional value of transaction in 2030     :    R10,123,200,000


Ends.


For more details contact:
Marian van der Walt
Chief Corporate Officer
+27 82 888 1242


Johannesburg, South Africa
12 June 2025


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

Date: 12-06-2025 07:05:00
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