Company announcements

Dealing in securities by directors: Share vesting and on market sales

December 10, 2018

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

A. Dealing in securities by directors: Share vesting and on market sales

In terms of provisions of the Harmony Share Plan, performance shares and restricted shares vest after 3 years. The shares were sold from date of vesting (16 November 2018) until the date of the conclusion of the bulk sale (7 December 2018). During this period, the highest sale price was R24.74 per share and the lowest sale price R21.00 per share. The weighted average price per share is R22.88 (“Vesting Price”).

1.	Name of director:	F Abbott (Financial Director)
	Nature of transaction:	Off market vesting and on market sale of performance shares and restricted shares (ordinary shares)
	Class of securities:	Ordinary shares
	Number of performance shares vested:	736 809
	Number of performance shares vested and sold on market to cover tax:	342 616
	Vesting price per share:	R22.88
	Proceeds for on market sale to cover tax:	R7 839 054
	Number of shares retained in own name:	394 193
	Number of restricted shares   vested:	84 544
	Number of restricted shares vested and sold on market to cover tax:	39 312
	Vesting price per share:	R22.88
	Proceeds for on market sale to cover tax:	R899 459
	Number of shares retained in own name:	45 232
	Nature and extent of directors interest:	Direct beneficial

2.	Name of director:	HE Mashego (Executive Director)
	Nature of transaction:	Off market vesting and on market sale of performance shares and restricted shares (ordinary shares)
	Class of Securities:	Ordinary Shares
	Number of performance shares vested and and sold on market:	455 758
	Vesting price per share:	R22.88
	Total value of shares vested and proceeds for on market sale:	R10 427 743 (pre-tax)
	Number of restricted shares vested:	46 776
	Vesting price per share:	R22.88
	Total value of shares vested and sold on market:	R1 070 235 (pre-tax)
	Nature and extent of directors interest:	Direct beneficial

3.	Name of director:	R Bisschoff (Company Secretary)
	Nature of transaction:	Off market vesting and on market sale of performance shares (ordinary shares)
	Class of Securities:	Ordinary Shares
	Number of performance shares vested:	152 972
	Number of performance shares vested and sold on market to cover tax:	71 131
	Vesting price per share:	R22.88
	Proceeds for on market sale to cover tax:	R1 627 477
	Number of shares retained in own name:	81 841
	Nature and extent of directors interest:	Direct beneficial

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

For more details contact:

Lauren Fourie
Investor Relations Manager
+27 (0) 71 607 1498 (mobile)

Johannesburg, South Africa
10 December 2018

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