Company announcements

Dealings in securities by an associate of a director

June 12, 2025

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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