Company announcements Home » Investors » News » Company announcements » Settlement of US class action against Harmony, subject to final court approval 2011 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Settlement of US class action against Harmony, subject to final court approvalAugust 08, 2011Johannesburg, 8 August 2011: Harmony Gold Mining Company Limited (Harmony) is pleased to announce that it has reached a mutually acceptable settlement with the lead plaintiff in the class action filed against it in the United States (US) District Court for the Southern District of New York in May 2008. The settlement requires final approval from the court on or after a hearing scheduled for the 10th of November 2011 and no assurance can be given that the settlement will ultimately be approved. Harmony did not admit to any liability in connection with the proposed settlement and, if finally approved, the settlement will result in the dismissal of all claims against Harmony. The class action was instituted against Harmony on the basis of alleged losses suffered by investors in certain securities traded in US securities markets during the alleged class period (25 April 2007 to and through 7 August 2007). Graham Briggs, chief executive officer, commented that: “A mediated settlement process was followed to avoid protracted and expensive litigation. Management will continue to focus on what is important – producing safe, profitable ounces and report its results in a transparent and responsible manner.” For more details contact: Marian van der WaltExecutive: Corporate and Investor Relations +27 82 888 1242(mobile)
