Company announcements

Dealings in securities by directors

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed:

In terms of provisions of the Harmony Share Plan, performance shares vest after 3 years.

1.	Name of director:	GP Briggs (Chief Executive Officer)
	Nature of transaction:	Off market vesting and on market sale of performance shares (ordinary shares)
	Date:	17 November 2014
	Class of Securities:	Ordinary Shares
	Number of performance shares vested:	17 578
	Vesting price per share:	R17.11
	Total value of shares vested:	R300 824.62 (pre-tax)
	Number of performance shares sold on market to cover tax:	7 207
	Market price per share sold:	R17.11
	Proceeds for on market sale to cover tax:	R123 338.43
	Number of shares retained in own name:	10 371
	Nature and extent of directors interest:	Direct beneficial

2.	Name of director:	F Abbott (Financial Director)
	Nature of transaction:	Off market vesting and on market sale of performance shares (ordinary shares)
	Date:	17 November 2014
	Class of Securities:	Ordinary Shares
	Number of performance shares vested:	6 344
	Vesting price per share:	R17.11
	Total value of shares vested:	R108 569.31 (pre-tax)
	Number of performance shares sold on market to cover tax:	2 601
	Market price per share sold:	R17.11
	Proceeds for on market sale to cover tax:	R44 512.73
	Number of shares retained in own name:	3 743
	Nature and extent of directors interest:	Direct beneficial

3.	Name of director:	HE Mashego (Executive Director)
	Nature of transaction:	Off market vesting and on market sale of performance shares (ordinary shares)
	Date:	17 November 2014
	Class of Securities:	Ordinary Shares
	Number of performance shares vested:	5 247
	Vesting price per share:	R17.11
	Total value of shares vested:	R89 795.58
	Number of performance shares sold on market to cover tax:	2 151
	Market price per share sold:	17.11
	Proceeds for on market sale to cover tax:	R36 811.57
	Number of shares retained in own name:	3 096
	Nature and extent of directors interest:	Direct beneficial

4.	Name of director:	A Pretorius (Director of various subsidiaries)
	Nature of transaction:	Off market vesting and on market sale of performance shares (ordinary shares)
	Date:	17 November 2014
	Class of Securities:	Ordinary Shares
	Number of performance shares vested:	5 247
	Vesting price per share:	R17.11
	Total value of shares vested:	R89 795.58 (pre-tax)
	Number of performance shares sold on market to cover tax:	2 151
	Market price per share sold:	R17.11
	Proceeds for on market sale to cover tax:	R36 811.57
	Number of shares retained in own name:	3 096
	Nature and extent of directors interest:	Direct beneficial

In line with the provisions of the Harmony Share Plan, incentives / shares are allocated to directors in November of each year.

1.	Name of director:	GB Briggs (Chief Executive Officer)
	Nature of transaction:	Off market grant of share appreciation rights and performance shares
	Periods of vesting:	Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
	Date	17 November 2014
	Class of Securities:	Share appreciation rights and performance shares
	Strike price:	R18.41
	Number of share appreciation rights allocated:	107 567
	Number of performance shares allocated:	561 217
	Number of matching restricted shares allocated(matching the number allocated in 2011):	15 000
	Nature and extent of director’s interest:	Direct beneficial

2.	Name of director:	F Abbott (Financial Director)
	Nature of transaction:	Off market grant of share appreciation rights and performance shares
	Periods of vesting:	Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
	Date	17 November 2014
	Class of Securities:	Share appreciation rights and performance shares
	Strike price:	R18.41
	Number of share appreciation rights allocated:	63 622
	Number of performance shares allocated:	207 462
	Number of matching restricted shares allocated(matching the number allocated in 2011):	8 000
	Nature and extent of director’s interest:	Direct beneficial

3.	Name of director:	HE Mashego (Executive Director)
	Nature of transaction:	Off market grant of share appreciation rights and performance shares
	Periods of vesting:	Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
	Date	17 November 2014
	Class of Securities:	Share appreciation rights and performance shares
	Strike price:	R18.41
	Number of share appreciation rights allocated:	45 913
	Number of performance shares allocated:	149 715
	Number of matching restricted shares allocated(matching the number allocated in 2011):	8 000
	Nature and extent of director’s interest:	Direct beneficial

4.	Name of director:	A Pretorius (Director of various subsidiaries)
	Nature of transaction:	Off market grant of share appreciation rights and performance shares
	Periods of vesting:	Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
	Date	17 November 2014
	Class of Securities:	Share appreciation rights and performance shares
	Strike price:	R18.41
	Number of share appreciation rights allocated:	58 718
	Number of performance shares allocated:	191 472
	Number of matching restricted shares allocated(matching the number allocated in 2011):	8 000
	Nature and extent of director’s interest:	Direct beneficial

5.	Name of director:	Riana Bisschoff (Company Secretary)
	Nature of transaction:	Off market grant of share appreciation rights and performance shares
	Periods of vesting:	Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
	Date	17 November 2014
	Class of Securities:	Share appreciation rights and performance shares
	Strike price:	R18.41
	Number of share appreciation rights allocated:	24 271
	Number of performance shares allocated:	47 487
	Nature and extent of director’s interest:	Direct beneficial

Prior clearance was obtained in respect of the above dealings by the directors.

Henrika Ninham
Investor Relations Manager
+27 (0) 82 759 1775 (mobile)

Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)

20 November 2014

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited