Company announcements Home » Investors » News » Company announcements » Randfontein transaction effective 2008 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Randfontein transaction effectiveNovember 21, 2008Johannesburg, 21 November 2008. Harmony Gold Mining Company Limited (“Harmony”) is pleased to announce that all conditions precedent in respect of the Randfontein transaction have been met and that the transaction is effective as from today. Shareholders’ attention is drawn to the initial announcement of the transaction made on 19 December 2007 and the subsequent announcement made on 24 October 2008, containing the details of the transaction. The first tranche of the consideration price, being US$40 million has been received. A further US$157 million, plus interest thereon at 5% per annum, will be received on 22 April 2009 and the balance of the purchase consideration of approximately US$12 million as soon as the second stage of the transaction, which relates to Harmony’s Old Randfontein assets is finalised; this is anticipated to be on or shortly after 22 April 2009. “We are excited to be part of a unique new business development, one that offers the potential of creating wealth for our investors. We wish the management of Rand Uranium (Pty) Limited well and look forward to a mutually beneficial partnership with Pamodzi Resources Fund 1 LP and their investors, being affiliates of First Reserve and AMCI Capital”, said Graham Briggs, Chief Executive Officer of Harmony. For more details contact: Graham BriggsChief Executive Officer+27(0)83 265 0274 Marian van der WaltExecutive: Corporate and Investor Relations+27 (0)82 888 1242
