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Harmony to repurchase up to 25% of its HAR1 bond issue

Harmony Gold Mining Company Limited (NYSE: HMY JSE: HAR) today announced that it would approach the market to purchase up to 25% of the outstanding notional amount (ZAR 1,200,000,000.00) (the "Repurchase") of its 13% HAR1 bond (ISIN: ZAG000018011) listed on the Bond Exchange of South Africa due 14 June 2006 (the "Bonds"). All holders of the Bonds will be given equal opportunity to participate in the Repurchase.

The Repurchase will be conducted as provided for in Section 7 (Redemption and Purchases) of the Terms and Conditions of the Bonds as contained in the Bonds' Offering Circular dated 12 June 2001. In accordance with Section 7.4 (Purchases), "the Issuer may at any time purchase Bonds at any price in the open market or otherwise". Further, in accordance with Section 7.5 (Cancellation), "all bonds which are redeemed or purchased by the Issuer will forthwith be cancelled" and "all Bonds so cancelled shall be held by the Transfer Secretaries and cannot be re-issued or resold". Deutsche Bank will manage the Repurchase.

All holders of the HAR1 bond who wish to participate in the Repurchase are invited to post offers with Deutsche Bank between 9:00am and 11:00am on Wednesday 6 July. Deutsche Bank will consider all offers capped at 200 bps over the Republic of South Africa's R152 benchmark bond. Offers will be filled on a competitive basis but at a single clearing spread applicable to all offers filled. The final Repurchase size will be at the sole discretion of the Company.

For more details contact:

Bernard Swanepoel
Chief Executive
+27(0)83 303 9922

Ferdi Dippenaar
Marketing Director
+27(0)82 807 3684

Brenton Saunders
Executive, Investor Relations
+27(0)83 607 4060

Vusi Magadana
Investor Relations Officer
Office: +27 11 684 0149
Mobile: +27(0)72 157 5986
This email address is being protected from spambots. You need JavaScript enabled to view it.

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