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STATEMENTS OF SHAREHOLDERS' EQUITY
FOR THE YEARS ENDED 30 JUNE

  Number of ordinary shares Number of options issued Share capital Additional paid-in capital Harmony options issued Retained earnings Accumulated other comprehensive income TOTAL
      R million R million R million R million R million R million
GROUP  

Balance - 30 June 1999 69,460,286 7,579,900 34.7 1,118.9 68.5 497.5 3.8 1,723.4

Net income - - - - - 364.0 - 364.0
Dividends declared - - - - - (109.1) - (109.1)
Purchase of West Rand Consolidated Mines Ltd and Kalahari Goldridge Mining Co Ltd shares 10,896,018 - 5.4 308.9 - - - 314.3
Purchase of Randfontein Estates Ltd shares 14,909,631 - 7.5 553.8 - - - 561.3
Exercise of employee share options 2,071,500 - 1.1 39.7 - - - 40.8
Mark to market of listed investments - - - - - - (19.0) (19.0)
Foreign exchange translation reserve - - - - - - (0.9) (0.9)

Balance - 30 June 2000 97,310,436 7,579,900 48.7 2,021.3 68.5 752.4 (16.1) 2,874.8

Net income - - - - - 114.9 - 114.9
Change in accounting policy (note 1(q)) - - - - - (42.5) - (42.5)
Dividends declared - - - - - (152.6) - (152.6)
Issue of shares  
 - Public offerings 31,784,200 - 15.8 1,323.8 - - - 1,339.6
 - IDC/Simane offering 10,736,682 - 5.4 381.2 - - - 386.6
 - Private offering/Jipangu 568,774 - 0.3 22.5 - - - 22.8
 - Share trust 2,000,000 - 1.0 34.1 - - - 35.1
Exercise of employee share options 2,153,200 - 1.1 52.0 - - - 53.1
Share issue expenses - - - (107.9) - - - (107.9)
Issue of warrants - 9,021,500 - - - - - -
Reversal of mark to market due to sale of Western Areas Ltd shares - - - - - - 28.6 28.6
Foreign exchange translation reserve - - - - - - (20.4) (20.4)
Mark to market of listed investments and other investments - - - - - - 79.7 79.7
Mark to market of hedging instruments - - - - - - (17.8) (17.8)

Balance - 30 June 2001 144,553,291 16,607,400 72.3 3,727.0 68.5 672.2 54.0 4,594.0

COMPANY  

Balance - 30 June 1999 69,460,286 7,579,900 34.7 1,118.9 68.5 401.5 - 1,623.6

Net profit           148.5   148.5
Dividends declared           (109.1)   (109.1)
Purchase of West Rand Consolidated Mines Ltd and Kalahari Goldridge Mining Co Ltd shares 10,896,018 - 5.4 308.9 - - - 314.3
Purchase of Randfontein Estates Ltd shares 14,909,631 - 7.5 553.8 - - - 561.3
Exercise of employee share options 2,071,500 - 1.1 39.7 - - - 40.8

Balance - 30 June 2000 97,310,436 7,579,900 48.7 2,021.3 68.5 440.9 - 2,579.4

Net loss - - - - - 76.1 - 76.1
Dividends declared - - - - - (152.6) - (152.6)
Issue of shares  
 - Public offerings 31,784,200 - 15.8 1,323.8 - - - 1,339.6
 - IDC/Simane offering 10,736,682 - 5.4 381.2 - - - 386.6
 - Private offering/Jipangu 568,774 - 0.3 22.5 - - - 22.8
 - Share trust 2,000,000 - 1.0 34.1 - - - 35.1
Exercise of employee share options 2,153,200 - 1.1 52.0 - - - 53.1
Share issue expenses - - - (107.9) - - - (107.9)
Issue of warrants - 9,027,500 - - - - - -

Balance - 30 June 2001 144,553,291 16,607,400 72.3 3,727.0 68.5 364.4 - 4,232.0