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Dealings in securities by directors

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed:

A. Dealing in securities: Share vesting and on market sales

In terms of provisions of the Harmony Share Plan, performance shares vest after 3 years.

1. Name of director: GP Briggs (Chief Executive Officer)
  Nature of transaction: Off market vesting and on market sale of performance shares (ordinary shares)
  Date: 17 November 2014
  Class of Securities: Ordinary Shares
  Number of performance shares vested: 17 578
  Vesting price per share: R17.11
  Total value of shares vested: R300 824.62 (pre-tax)
  Number of performance shares sold on market to cover tax: 7 207
  Market price per share sold: R17.11
  Proceeds for on market sale to cover tax: R123 338.43
  Number of shares retained in own name: 10 371
  Nature and extent of directors interest: Direct beneficial
2. Name of director: F Abbott (Financial Director)
  Nature of transaction: Off market vesting and on market sale of performance shares (ordinary shares)
  Date: 17 November 2014
  Class of Securities: Ordinary Shares
  Number of performance shares vested: 6 344
  Vesting price per share: R17.11
  Total value of shares vested: R108 569.31 (pre-tax)
  Number of performance shares sold on market to cover tax: 2 601
  Market price per share sold: R17.11
  Proceeds for on market sale to cover tax: R44 512.73
  Number of shares retained in own name: 3 743
  Nature and extent of directors interest: Direct beneficial
3. Name of director: HE Mashego (Executive Director)
  Nature of transaction: Off market vesting and on market sale of performance shares (ordinary shares)
  Date: 17 November 2014
  Class of Securities: Ordinary Shares
  Number of performance shares vested: 5 247
  Vesting price per share: R17.11
  Total value of shares vested: R89 795.58
  Number of performance shares sold on market to cover tax: 2 151
  Market price per share sold: 17.11
  Proceeds for on market sale to cover tax: R36 811.57
  Number of shares retained in own name: 3 096
  Nature and extent of directors interest: Direct beneficial
4. Name of director: A Pretorius (Director of various subsidiaries)
  Nature of transaction: Off market vesting and on market sale of performance shares (ordinary shares)
  Date: 17 November 2014
  Class of Securities: Ordinary Shares
  Number of performance shares vested: 5 247
  Vesting price per share: R17.11
  Total value of shares vested: R89 795.58 (pre-tax)
  Number of performance shares sold on market to cover tax: 2 151
  Market price per share sold: R17.11
  Proceeds for on market sale to cover tax: R36 811.57
  Number of shares retained in own name: 3 096
  Nature and extent of directors interest: Direct beneficial

B. Dealing in securities by directors: Share grants

In line with the provisions of the Harmony Share Plan, incentives / shares are allocated to directors in November of each year.

1. Name of director: GB Briggs (Chief Executive Officer)
  Nature of transaction: Off market grant of share appreciation rights and performance shares
  Periods of vesting: Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation.  Performance shares vest after three years.
  Date 17 November 2014
  Class of Securities: Share appreciation rights and performance shares
  Strike price: R18.41
  Number of share appreciation rights allocated: 107 567
  Number of performance shares allocated: 561 217
  Number of matching restricted shares allocated(matching the number allocated in 2011): 15 000
  Nature and extent of director’s interest: Direct beneficial
2. Name of director: F Abbott (Financial Director)
  Nature of transaction: Off market grant of share appreciation rights and performance shares
  Periods of vesting: Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation.  Performance shares vest after three years.
  Date 17 November 2014
  Class of Securities: Share appreciation rights and performance shares
  Strike price: R18.41
  Number of share appreciation rights allocated: 63 622
  Number of performance shares allocated: 207 462
  Number of matching restricted shares allocated(matching the number allocated in 2011): 8 000
  Nature and extent of director’s interest: Direct beneficial
3. Name of director: HE Mashego (Executive Director)
  Nature of transaction: Off market grant of share appreciation rights and performance shares
  Periods of vesting: Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation.  Performance shares vest after three years.
  Date 17 November 2014
  Class of Securities: Share appreciation rights and performance shares
  Strike price: R18.41
  Number of share appreciation rights allocated: 45 913
  Number of performance shares allocated: 149 715
  Number of matching restricted shares allocated(matching the number allocated in 2011): 8 000
  Nature and extent of director’s interest: Direct beneficial
4. Name of director: A Pretorius (Director of various subsidiaries)
  Nature of transaction: Off market grant of share appreciation rights and performance shares
  Periods of vesting: Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation.  Performance shares vest after three years.
  Date 17 November 2014
  Class of Securities: Share appreciation rights and performance shares
  Strike price: R18.41
  Number of share appreciation rights allocated: 58 718
  Number of performance shares allocated: 191 472
  Number of matching restricted shares allocated(matching the number allocated in 2011): 8 000
  Nature and extent of director’s interest: Direct beneficial
5. Name of director: Riana Bisschoff (Company Secretary)
  Nature of transaction: Off market grant of share appreciation rights and performance shares
  Periods of vesting: Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation.  Performance shares vest after three years.
  Date 17 November 2014
  Class of Securities: Share appreciation rights and performance shares
  Strike price: R18.41
  Number of share appreciation rights allocated: 24 271
  Number of performance shares allocated: 47 487
  Nature and extent of director’s interest: Direct beneficial

Prior clearance was obtained in respect of the above dealings by the directors.

For more details contact:

For more details contact:

Henrika Ninham
Investor Relations Manager
+27 (0) 82 759 1775 (mobile)

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

20 November 2014

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

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