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Harmony proceeds with Pamodzi Free State acquisition

Liquidators, National Union of Mineworkers, Solidarity and The Industrial Development Corporation in support

Johannesburg. Wednesday, 9 September 2009. On 28 August 2009, Harmony Gold Mining Company Limited (Harmony) suspended its negotiations with the provisional liquidators of Pamodzi Gold Free State (Proprietary) Limited (in provisional liquidation) (Pamodzi Gold Free State) in respect of its acquisition of the assets of Pamodzi Gold Free State in order to allow all stakeholders an opportunity to assess the proposed recapitalisation of the Pamodzi Gold group of companies and the likelihood of it succeeding.

Harmony announced today that it had recommenced discussions with the provisional liquidators of Pamodzi Gold Free State and that all of the acquisition agreements have now been signed.

This follows further consideration by Harmony, the provisional liquidators of Pamodzi Gold Free State, The Industrial Development Corporation, as a major secured creditor, the National Union of Mineworkers and Solidarity of the proposed recapitalisation of the Pamodzi Gold group of companies. These parties have confirmed that they support Harmony's acquisition and are of the view that it is the most suitable option available to stakeholders generally.

Harmony CEO Graham Briggs said: "We are of the view that Harmony has offered a fair price and that, when implemented, Harmony's acquisition of the assets of Pamodzi Gold Free State will provide a sustainable, long-term future for the relevant stakeholders in the Free State. We have acted in good faith throughout the negotiation process."

For more details contact:

Frank Abbott
Interim Financial Director
on +27(0)82 800 4290

Bob Atkinson
Projects Director
on +27 (0)83 303 9815

Esha Brijmohan
Investor Relations Officer
on +27 (0)82 759 1775

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