Company announcements

Harmony suspends negotiations regarding Pamodzi Gold’s Free State assets

August 28, 2009

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Johannesburg. Friday, 28 August 2009. Harmony Gold Mining Company Limited (Harmony) notes the recent public statements made regarding the proposed recapitalisation of the Pamodzi Gold group of companies.

Harmony has been in negotiations with the provisional liquidators of Pamodzi Gold Free State (Proprietary) Limited (Pamodzi Gold Free State) regarding the potential acquisition of the assets of Pamodzi Gold Free State since April 2009. Harmony believes that it has offered a fair price and that the potential acquisition, if implemented, will provide a sustainable future for the relevant stakeholders in the Free State.

As a result of the recent developments, Harmony advises that it has decided to suspend negotiations with the provisional liquidators of Pamodzi Gold Free State in respect of the potential acquisition in order to allow all stakeholders an opportunity to assess the proposed recapitalisation and the likelihood of it succeeding.

Harmony’s decision as to whether or not to recommence negotiations with the provisional liquidators of Pamodzi Gold Free State will be made in due course depending on developments regarding the proposed recapitalisation.

For more details contact:

Graham Briggs
Chief Executive Officer
on +27(0)83 265 0274