Company announcements

Close-out of Australian hedge book

May 18, 2007

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Johannesburg, 18 May 2007. Harmony announced today that it has closed out the remainder of the Australian hedge book inherited with the acquisition of the Hill 50 mine in Western Australia. 230 000 ounces were closed out at an average spot rate of A$ 809oz, for a total cost of A $75.8 million (R 436 million).

These positions had a negative marked-to-market of A$ 78.6 million (R 460.7 million) for the quarter ending 31 March 2007 at an average forward price of A$ 517.78 per ounce.

For more details contact:

Amelia Soares
General Manager, Investor Relations
+27(0)82 654 9241

or

Lizelle du Toit
Investor Relations Officer
+27(0)82 465 1244