Harmony Gold Mining Company Limited ("Harmony" or "Company") Incorporated in the Republic of South Africa Registration number 1950/038232/06 JSE share code: HAR NYSE share code: HMY ISIN: ZAE000015228 RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED 30 JUNE 2013 KEY FEATURES Quarter on quarter - Gold production increased by 12% to 8 588kg (276 109oz) - increase in tonnes milled of 9% - increase in total recovered grade of 2% - Cash operating costs decreased by 3% to R351 109/kg (US$1 156/oz) - Operating profit(1) lower at R639 million (US$68 million) - Headline loss per share of 186 SA cents (US$20 cents) - reversal of the Hidden Valley deferred tax asset of R547 million (US$55 million)(3) - retrenchment costs Year on Year - 7% increase in underground grade - Lowest recorded annual LTIFR(2) - Evander sale transaction completed - Watershed agreement signed with Kusasalethu labour - Gold production decreased by 2% to 35 374kg (1 137 297oz) - Cash operating costs increased to R327 210/kg (US$1 154/oz) - Operating profitΉ lower at R4.5 billion (US$511 million) - Headline profit per share* of 47 SA cents (5 US cents) - reversal of the Hidden Valley deferred tax asset of R547 million (US$55 million)(3) - losses related to temporary closure at Kusasalethu - retrenchment costs - No final dividend declared (interim dividend of 50 SA cents paid) * Includes discontinued operation 1. Operating profit is comparable to the term production profit in the segment report in the financial statements and not to the operating profit line in the income statement 2. LTIFR = Lost Time Injury Frequency Rate 3. Translated at a spot rate of US$/R9.98 at 30 June 2013 RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED 30 JUNE 2013 Year Year Quarter Quarter Q-on-Q ended ended June March variance June June Variance     2013 2013# % 2013# 2012# % Gold produced - kg 8 588 7 699 12 35 374 36 273 (2) – oz 276 109 247 529 12 1 137 297 1 166 203 (2) Cash operating costs - R/kg 351 109 362 491 3 327 210 274 767 (19) – US$/oz 1 156 1 264 9 1 154 1 100 (5) Gold sold - kg 8 146 7 506 9 34 970 36 182 (3) – oz 261 901 241 322 9 1 124 312 1 163 277 (3) Underground grade – g/t 4.37 4.50 (3) 4.54 4.26 7 Gold price received - R/kg 427 534 470 030 (9) 454 725 419 668 8 – US$/oz 1 407 1 639 (14) 1 603 1 681 (5) Operating profit(1) - R million 639 821 (22) 4 502 5 258 (14) – US$million 68 92 (26) 511 677 (25) Basic (loss)/earnings – SAc/s (809) (29) >(100) (548) 614 >(100) per share* – USc/s (86) (3) >(100) (62) 79 >(100) Headline (loss)/profit* - Rm (804) (202) >(100) 204 2 432 (92) – US$m (85) (23) >(100) 23 317 (93) Headline (loss)/earnings – SAc/s (186) (47) >(100) 47 565 (92) per share* – USc/s (20) (5) >(100) 5 74 (93) Exchange rate – R/US$ 9.45 8.92 6 8.82 7.77 14 # Figures represent continuing operations unless stated otherwise 1 Operating profit is comparable to the term production profit in the segment report in the financial statements and not to the operating profit line in the income statement * Including discontinued operations Shareholder information Issued ordinary share capital at 30 June 2013 435 289 890 Issued ordinary share capital at 31 March 2013 435 257 691* Issued ordinary share capital at 30 June 2012 431 564 236 Market capitalisation At 30 June 2013 (ZARm) 15 562 At 30 June 2013 (US$m) 1 568 At 31 March 2013 (ZARm) 25 728 At 31 March 2013 (US$m) 2 804 At 30 June 2012 (ZARm) 33 015 At 30 June 2012 (US$m) 4 037 Harmony ordinary share and ADR prices 12-month high (1 July 2012 – 30 June 2013) for ordinary shares 85.71 12-month low (1 July 2012 – 30 June 2013) for ordinary shares 33.47 12-month high (1 July 2012 – 30 June 2013) for ADRs 10.34 12-month low (1 July 2012 – 30 June 2013) for ADRs 3.30 Free float 100% ADR ratio 1:1 JSE Limited HAR Range for quarter (1 April – 30 June 2013 closing prices) R33.47 – R58.25 Average daily volume for the quarter (1 April – 30 June 2013) 2 232 419 shares Range for quarter (1 January – 31 March 2013 closing prices) R53.40 – R75.64 Average daily volume for the quarter (1 January – 31 March 2013) 1 581 188 shares Range for the year (1 July 2012– 30 June 2013 closing prices) R33.47 – R85.71 Average daily volume for the year (1 July 2012 – 30 June 2013) 1 753 866 shares Range for the year (1 July 2011– 30 June 2012 closing prices) R72.84 – R115.75 Average daily volume for the year (1 July 2011 – 30 June 2012) 1 518 116 shares New York Stock Exchange, Inc including other US trading platforms HMY Range for quarter (1 April – 30 June 2013 closing prices) US$3.30 – US$6.38 Average daily volume for the quarter (1 April – 30 June 2013) 3 302 649 Range for quarter (1 January – 31 March 2013 closing prices) US$5.94 – US$8.88 Average daily volume for the quarter (1 January – 31 March 2013) 2 423 016 Range for the year (1 July 2012– 30 June 2013 closing prices) US$3.30 – US$10.34 Average daily volume for the year (1 July 2012 – 30 June 2013) 2 484 062 Range for the year (1 July 2011 – 30 June 2012 closing prices) US$8.70 – US$14.87 Average daily volume for the year (1 July 2011 – 30 June 2012) 2 321 783 Investors' calendar 2013 Q1 FY14 results presentation 8 November 2013# Annual General Meeting 5 December 2013# Q2 and 6 months ended FY14 results presentation 3 February 2014# Q3 FY14 results presentation 9 May 2014# Q4 and year ended FY14 results presentation 14 August 2014# # These dates may change in future * The increase in the issued shares is mainly due to the shares issued to the Tlhakanelo Employee Share Trust Harmony's Integrated Annual Report, Notice of Annual General Meeting, its Sustainable Development Report and its Annual Report filed on a Form 20F with the United States' Securities and Exchange Commission for the year ended 30 June 2013 will be available on our website towards the end of October 2013. www.harmony.co.za Forward-looking statements This report contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 with respect to Harmony's financial condition, results of operations, business strategies, operating efficiencies, competitive positions, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters. Statements in this quarter that are not historical facts are "forward-looking statements" for the purpose of the safe harbour provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect", "anticipates", "believes", "intends", "estimates" and similar expressions. These statements are only predictions. All forward-looking statements involve a number of risks, uncertainties and other factors and we cannot assure you that such statements will prove to be correct. Risks, uncertainties and other factors could cause actual events or results to differ from those expressed or implied by the forward-looking statements. These forward-looking statements, including, among others, those relating to the future business prospects, revenues and income of Harmony, wherever they may occur in this quarterly report and the exhibits to this quarterly report, are necessarily estimates reflecting the best judgement of the senior management of Harmony and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in this quarterly report. Important factors that could cause actual results to differ materially from  estimates or projections contained in the forward-looking statements include, without limitation: overall economic and business conditions in the countries in which we operate; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; increases or decreases in the market price of gold; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labour disruptions; availability, terms and deployment of capital; changes in government regulations, particularly mining rights and environmental regulations; fluctuations in exchange rates; currency devaluations and other macro-economic monetary policies; and socio-economic instability in the countries in which we operate. Competent person's declaration Harmony reports in terms of the South African Code for the Reporting of Exploration results, Mineral Resources and Ore Reserves (SAMREC). Harmony employs an ore reserve manager at each of its operations who takes responsibility for reporting mineral resources and mineral reserves at his operation. The mineral resources and mineral reserves in this report are based on information compiled by the following competent persons: Resources and Reserves South Africa: Jaco Boshoff, Pr. Sci. Nat., who has 18 years' relevant experience and is registered with the South African Council for Natural Scientific Professions (SACNASP). Resources and Reserves Papua New Guinea: Gregory Job, BSc, MSc, who has 25 years relevant experience and is a member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Boshoff and Mr Job are full-time employees of Harmony Gold Mining Company Limited. These competent persons consent to the inclusion in the report of the matters based on the information in the form and context in which it appears. Mineral Resource and Reserve information as at 30 June 2013 is included in this report. Chief executive officer's review Harmony is a globally competitive gold mining company, focused on growing profits. In the current gold price environment it is no longer growth at all costs. Investors are seeking returns and do not favour large capital projects. This is the new reality that we are dealing with. During the past quarter we have concluded our strategic plans for financial year 2014. Key considerations were: - free cash flow - applying conservative financial modelling - risk mitigation - retaining our balance sheet strength – reducing all costs (including head office costs) – reducing capital expenditure - continue to increase our grade - plans that will enable us to withstand the volatility of the gold price Our strategic plans were approved assuming a gold price of R400 000/kg. We believe that our plans are realistic and we have taken into account possible risks to execute our strategy. Our safety and health initiatives, improved productivity, the correct allocation of capital, a quality reserve base, improved grade, reduced costs, experienced teams and proper business planning will secure a sustainable business. 1. SAFETY The year on year fatality injury frequency rate improved by 33% from 0.15 (rate per million man hours) in FY12 to 0.10 (rate per million man hours) in financial year 2013 (FY13) – the lowest ever recorded in the history of Harmony. Although Harmony achieved a significant year on year improvement, a lot more needs to be done to eliminate fatalities. A total of 10 people lost their lives due to mine accidents in Harmony during FY13, compared to 15 people in FY12. A major reduction in the number of fall of ground related fatalities was achieved with only one fall of ground related fatality recorded in FY13. The lost time injury rate improved by 21% year on year from 6.67 (rate per million man hours) to 5.28 (rate per million man hours) – this is the lowest annual rate in the history of Harmony. It is with regret that I have to report that two people were fatally injured in two separate accidents during the June 2013 quarter. They were Potso Peter Kotjomela, a scraper winch operator at Phakisa and Lebohang Michael Chake, a development team leader at Kusasalethu. The board, management and I wish to express our sincere condolences to the friends and families of these colleagues. 2. HEALTH Over the past three years we have built a centralised health function to focus on the roll out of our pro-active health strategy, as well as standardising health protocols across the South African operations. We have invested a substantial amount of resources, i.e. finance, information technology and skills in improving our record keeping systems and processes in an attempt to monitor employee health individually and collectively to improve the overall health and wellness of our employees. 40% of our workforce is on chronic medication and are continuously monitored. Although HIV/Aids remains our biggest health risk, the actuarial prevalence rate for Harmony has reduced from 27% to 24% over the past five years. Between 10% to 20% of the employees of the individual mines are now on antiretroviral therapy (ART). During the past financial year all Harmony's employees and contractors were offered voluntary counselling and testing for HIV/Aids, with 40% volunteering to be tested. Although there has been an improvement in sick absenteeism over the past financial year from 5.13% to 4.55%, we believe that there is still massive room for improvement in this area and it will be a key focus for the health team for the next year. 3. OPERATIONAL AND FINANCIAL RESULTS Year on year Gold production for the year ending June 2013 was 35 374kgs, 2% lower than the same period last year, mainly due to the labour disruptions at Kusasalethu during the December 2012, March 2013 and June 2013 quarters. In line with Harmony's strategic initiative to improve the quality of ounces mined, year on year underground grade increased by 7%. Recovered grade was the main driver towards the increase in gold production across the various operations and improvements were recorded at most operations. The following operations improved their gold production when compared to financial year 2012 (FY12): - Joel – gold production was 565kg (21%) higher, mainly as a result of an 11% improvement in the recovered grade to 5.28g/t (4.78g/t in FY12), whilst tonnes milled increased by 10% year on year; - Bambanani – gold production was 556kg (54%) higher due to a 49% increase in the recovered grade from 6.57g/t in FY12 to 9.79g/t for the year under review. Tonnes milled increased by 3% year on year; - Doornkop – gold production was higher at 556kg (18%), recovered grade increased by 9% from 3.31g/t to 3.60g/t in FY13. Tonnes milled increased by 9%; - Target 3 – gold production increased by 503kg (45%) – recovered grade increased by 42% to 5.03g/t from 3.55g/t in FY12; - Masimong – gold production increased by 396kg (12%), as  a result of a 21% increase in the recovered grade to 4.17g/t (3.45g/t in FY12); - Target 1 – gold production was 337kg (9%) higher; recovered grade increased by 20% from 4.61g/t in FY12 to 5.53g/t in financial year 2013 (FY13); - Kalgold – gold production was 291kg (28%) higher; recovered grade increased by 22% to 0.95g/t compared to 0.78g/t in FY12. Tonnes milled increased 4% year on year; - Unisel – gold production increased by 220kg (14%); tonnes milled increased by 13% in FY13; - Steyn 2 – gold production increased by 147kg (45%), with the operation being in production for the whole year. Tonnes milled increased by 24% whilst recovered grade increased by 31% to 10.15g/t (7.74g/t in FY12). The following operations require more attention in the next year, as their production performance was less than acceptable: - Kusasalethu produced a total of 2  740 kilograms of gold, 2 893 kilograms (–51%) less than in financial year 2012 due to labour unrest; - Tshepong produced 1 133kg gold less (–21%) than the previous financial year. The decrease in gold production is mainly as a result of a 16% decrease in tonnes milled for financial year 2013. A decrease in the recovery grade to 3.99g/t, 7% lower than the 4.29g/t recorded in FY12, also contributed towards the decrease in production; - Dumps – 230kg less gold produced (–15%); a 26% decrease in the recovery grade was the main contributor towards the decrease in gold produced. Tonnes milled increased by 11%. The decrease in grade is due to the depletion of all the higher grade waste dumps; - Hidden Valley produced 118kg (-4%) less gold year on year. The recovery grade decreased by 8% to 1.43g/t from 1.56g/t in FY12, whilst tonnes milled increased by 4%; - Phakisa produced 107kg (-4%) less gold than in the previous finanicial year, due to the ventilation shaft failure in the March and June 2013 quarters resulting in tonnes milled being 2% lower than in FY13, with the recovered grade 3% lower at 4.75g/t (4.88g/t in FY12). A total net loss of R2.4 billion was recorded, compared to a net profit of R2.6 billion for the 2012 financial year, mainly due to the impairment of the Hidden Valley asset and labour disruptions at Kusasalethu and its subsequent temporary closure. The total basic loss per share is 548 SA cents for the year ended 30 June 2013, compared to earnings of 614 SA cents per share in the previous year. Total headline earnings per share decreased from 565 SA cents to 47 SA cents per share. Quarter on quarter We continue to manage that which is in our control – production and costs. Gold production for the June 2013 quarter increased by 12% to 8 588kg compared to the previous quarter. This was mainly due to the build-up in production at Kusasalethu, after the labour unrest at the mine during the second to fourth quarters of the financial year. Operating profit for the June 2013 quarter was 22% lower, due to a 9% decrease in the gold price received, as well as an 8% increase in cash operating cost. Cash operating costs in the June 2013 quarter increased by R225 million when compared to the March 2013 quarter, due to the build-up in production at Kusasalethu, annual electricity increases, as well as winter electricity tariffs. We are making good progress with our cost cutting project, Project 400. We have reduced our capital expenditure, as well as our services, exploration, procurement and corporate costs. The rand per kilogram unit cost for the June 2013 quarter decreased by 3% to R351 109/kg in the past quarter, mainly due to the 12% increase in gold produced for the June 2013 quarter. Total capital expenditure for the June 2013 quarter was R804 million – R127 million higher than the previous quarter – mainly as a result of a R93 million increase in capital expenditure at Kusasalethu. On the 19th of July 2013 Harmony announced that the carrying value of its 50% holding in Hidden Valley would be written down to its net recoverable value. The reason for the impairment is the reduction in the US dollar gold and silver prices and Hidden Valley's poor production performance. An amount of US$268 million (approximately R2.7 billion) has been written down. In addition, an amount of R58 million in respect of Harmony's South African assets has been impaired. The impairments have reduced the reported net profit, but do not have an impact on reported cash balances and free cash flow. The net loss for the June 2013 quarter was R3 499 million, compared to a R124 million net loss recorded for the March 2013 quarter, mainly due to the impairment of assets of R2 675 million and the derecognition of the deferred tax asset of R547 million for the Hidden Valley operation. The total basic loss per share for the June 2013 quarter increased from 29 SA cents to 809 SA cents per share. The total headline loss per share increased from 47 SA cents to 186 SA cents. Hidden Valley The various efficiency improvement and cost reduction projects continue at Hidden Valley showing significant improvements in the mining grade control, road maintenance (cost and productivity), truck loading efficiency and smaller mobile fleet requirements. The restructuring of the joint venture's management to meet both the financial and strategic objectives of the business progressed well during the past quarter. 4. GOLD MARKET We are in gold mining for the long haul and believe that R400 000/kg is a sustainable gold price to assume in the current gold price climate. With the Rand/dollar exchange rate being weaker, it has been a huge advantage to be predominately a South African producer. The rand gold price received during the quarter decreased by 9% to R427 534/kg, from R470 030/kg in the previous quarter. This was mainly due to a 14% decrease in the US dollar gold price from US$1 639/oz in the March 2013 quarter to US$1 407/oz during the past quarter. This decrease was however partially offset by a 6% weakening in the rand against the dollar from US$/R8.92 in the previous quarter to US$/R9.45 in the June 2013 quarter. Year on year, the R/kg gold price received increased by 8% while the US$/oz price decreased by 5%, due to the R/US$exchange rate weakening by 14%. 5. RESERVES AND RESOURCES As at 30 June 2013, Harmony's Mineral Reserves amounted to 51.5 million ounces (Moz) of gold, a 2.8% decrease from the 52.9Moz declared on 30 June 2012. The 2.8% decrease collectively represents mined Reserves during the year, a change in surface sources Reserves, together with some scope changes. The geographical representation of Reserves has not changed from the previous year. Harmony's attributable gold equivalent Mineral Resources are declared as 147.7Moz as at 30 June 2013, a 1.7% decrease year-on-year from the 150.2Moz declared on 30 June 2012. The 1.7% decrease is due to mining and geology changes. Our large Resource and Reserve base supports our belief that we have a solid base of assets containing quality ounces. 6. WAFI-GOLPU PROJECT Regardless of the quality of the ore body, developing Golpu in line with the 2012 pre-feasibility study in the current gold and copper price climate does not deliver an adequate return on investment and therefore requires to be repositioned. We had various concerns regarding the substantial capital that will be injected into the project and are considering ways in which to develop a project with lower capital requirements and which will be a modular, expandable mine.  Harmony's contribution to drilling and project expenditure for the next two financial years will be funded from our cash flow, after which external funding options will be considered. During this phase we will ensure that Golpu's development strategy is aligned with the strategy of Harmony, which is to grow investor returns.  A low risk, modular, expandable development approach involves less risk and is expected to result in an improved project value. The decision to apply a modular expandable solution is a different approach to that proposed in the 2012 pre-feasibility study. 7. EMPLOYEE RELATIONS The labour relations climate remained volatile in the industry prior to the start of the 2013 round of wage negotiations in the gold sector. Harmony experienced two work stoppages during the quarter led by the National Union of Mine Workers (NUM) at Doornkop and Tshepong. The issues raised during these industrial actions were mainly operational and have since been resolved, or are in the process of being addressed through the existing mine-based structures. A recognition agreement was signed by management and the Association of Mineworkers and Construction Union (AMCU) for Masimong during the week of the 15th of July 2013. AMCU now represents a third of Masimong's total workforce and at Kusasalethu, AMCU represents 74% of the employees. The gold sector wage negotiations started on 11 July 2013 at the Chamber of Mines. We believe that good sense will prevail and that strikes will be averted. The labour disruptions at Kusasalethu alone cost Harmony approximately R1.2 billion. It is not in the interest of the company, the employees or the industry to further be subjected to such losses. There are a number of initiatives being implemented to contain the labour situation, both at company and industry level. Some of these include the following: - Workshops with all the unions in the company; - Engagement with the unions on signing of the code of conduct by individual employees similar to the one signed at Kusasalethu; - General managers' mass meetings; - Communication campaigns with employees and unions across all our South African operations; - Re-introduction of the mine productivity bonus; - Continued engagement with the other gold mining companies. 8. DISPOSAL OF A 30% INTEREST IN THE PHOENIX OPERATION On 20 March 2013 Harmony signed transaction and funding agreements to give effect to an empowerment transaction to dispose of 30% of its Free State based Phoenix tailings operation (Phoenix) to BB-BEE shareholders. The BB-BEE shareholders include Sikhuliso Resources (Proprietary) Limited, Kopano Resources (Proprietary) Limited, Mazincazelane Investments (Proprietary) Limited and the Malibongwe Women Development Trust, as well as a community trust that has been created by Harmony. 9. DIVIDEND In view of the fact that Harmony did not record a profit for the last six months, the board has decided not to declare a final dividend. An interim dividend of 50 SA cents was paid during FY13. CONCLUSION Harmony's strategy has been consistent in that we seek to optimise operational delivery, grow our cash flow and share our profits with all our stakeholders. There are times when pursuing one's strategy, tough decisions are required – such as the temporary closure of Kusasalethu. We will continue to do what is right for our shareholders and stakeholders to sustain the future of the company. Graham Briggs Chief executive officer Financial overview QUARTER ON QUARTER Net loss The net loss for the June 2013 quarter was R3 499 million compared to a R124 million net loss for the March 2013 quarter, mainly due to impairment of assets of R2 675 million and the reversal of a deferred tax asset of R547 million for the Hidden Valley operation. Impairment of assets Following the sharp decrease in the gold price, an impairment of assets of R2 733 million was recorded during the June 2013 quarter, consisting of an impairment of R2 675 million for the Hidden Valley operation and R58 million for the SA operations. The impairment results from a lower than expected life-of-mine profit, due to the reduction in the US dollar gold and silver prices assumptions and Hidden Valley's poor production performance. Other items in Cost of Sales Other items in Cost of Sales for the June 2013 quarter includes a change in estimate of the value of static gold in lock-up and other stockpiles of R29 million and restructuring costs of R39 million, following the introduction of voluntary retrenchment packages in South Africa and the restructuring at the Hidden Valley operation. Offsetting this is a net credit of R40 million for rehabilitation following the reduction of the rehabilitation liability, primarily as a result of the rehabilitation projects in the Free State area. Other expenses Included in other expenses in the June 2013 quarter is a loss of R161 million for the foreign exchange movement (March 2013: R150 million) on the US$ denominated syndicated facility, resulting from the Rand weakening from US$/R9.22 at 31 March 2013 to US$/R9.98 at 30 June 2013. Also included is an amount of R23 million for the once-off share-based payment expense related to the Phoenix transaction. Deferred tax A deferred tax expense of R547 million was recorded following the derecognition of the Hidden Valley deferred tax asset during the  June  2013 quarter, as it is no longer deemed recoverable in the current gold price environment. Loss per share Total basic loss per share increased in the June 2013 quarter from 29 SA cents to 809 SA cents per share. Total headline loss per share increased from 47 SA cents to 186 SA cents per share. YEAR ON YEAR Exploration expenditure Exploration expenditure for the year ended 30 June 2013 increased to R673 million compared to R500 million for the previous year, mainly due to R652 million spent on the PNG projects. Expenditure on resource definition drilling amounted to R233 million, exploration amounted to R251 million, while the feasibility studies accounted for R168 million of the total for the year. These expenses are expected to decrease in future as a result of the optimisation process reductions agreed to by both the joint venture partners. Profit from discontinued operations Profit from discontinued operations for the year ended 30 June 2013 includes the group profit of R102 million recorded on the sale of Evander in the March 2013 quarter, following the fulfilment of all conditions precedent. The remaining R212 million represents profits for Evander for the eight months ended February 2013. Included in the amount for the year ended 30 June 2012 is the profit on sale of Evander 6 and Twistdraai to Taung Gold Limited of R230 million (before tax). Loss per share Total basic loss per share amounted to 548 SA cents in the year ended 30 June 2013, compared to earnings of 614 SA cents per share in the previous year. Total headline earnings per share decreased from 565 SA cents to 47 SA cents per share. Borrowings Total borrowings increased by R722 million to R2 538 million in the year ended 30 June 2013. This is due to a total drawdown of US$80 million (R678 million) and a foreign exchange translation loss of R351 million recorded on the US$ syndicated facility in the year ended 30 June 2013. This was partially offset by the total repayment of R305 million made during the year ended 30 June 2013 on the rand facilities. Results for the fourth quarter and year ended 30 June 2013 (Rand) CONDENSED CONSOLIDATED INCOME STATEMENTS (Rand) Quarter ended Year ended 30 June 31 March 30 June 30 June 30 June 2013 2013 2012 2013 2012 Figures in million Notes (Unaudited) (Unaudited) (Unaudited) (Audited) Continuing operations Revenue 3 483 3 528 3 934 15 902 15 169 Cost of sales 2 (6 173) (3 283) (3 325) (16 468) (12 137) Production costs (2 844) (2 707) (2 639) (11 400) (9 911) Amortisation and depreciation (501) (459) (548) (1 942) (1 921) (Impairment)/reversal of impairment of assets (2 733) – 60 (2 733) 60 Other items (95) (117) (198) (393) (365) Gross (loss)/profit (2 690) 245 609 (566) 3 032 Corporate, administration and other expenditure (127) (121) (91) (465) (352) Social investment expenditure (57) (25) (22) (127) (72) Exploration expenditure (219) (157) (161) (673) (500) Profit on sale of property, plant and equipment 4 – 15 34 139 63 Other expenses – net 5 (169) (138) (74) (350) (50) Operating (loss)/profit (3 262) (181) 295 (2 042) 2 121 Reversal of impairment of investment in associate – – – – 56 Impairment of investments 6 – (39) (144) (88) (144) Net (loss)/gain on financial instruments (8) 15 12 173 86 Investment income 67 47 33 185 97 Finance cost (57) (65) (69) (256) (286) (Loss)/profit before taxation (3 260) (223) 127 (2 028) 1 930 Taxation (239) (44) (200) (655) 123 Normal taxation 78 (124) (83) (271) (199) Deferred taxation 7 (317) 80 (117) (384) 322 Net (loss)/profit from continuing operations (3 499) (267) (73) (2 683) 2 053 Discontinued operations Profit from discontinued operations 8 – 143 180 314 592 Net (loss)/profit for the period (3 499) (124) 107 (2 369) 2 645 Attributable to: Owners of the parent (3 499) (124) 107 (2 369) 2 645 (Loss)/earnings per ordinary share (cents) 9 (Loss)/earnings from continuing operations (809) (62) (17) (621) 477 Earnings from discontinued operations – 33 42 73 137 Total (loss)/earnings (809) (29) 25 (548) 614 Diluted (loss)/earnings per ordinary share (cents) 9 (Loss)/earnings from continuing operations (809) (62) (17) (621) 476 Earnings from discontinued operations – 33 42 73 136 Total diluted (loss)/earnings (809) (29) 25 (548) 612 The accompanying notes are an integral part of these condensed consolidated financial statements. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Rand) Quarter ended Year ended 30 June 31 March 30 June 30 June 30 June 2013 2013 2012 2013 2012 Figures in million Notes (Unaudited) (Unaudited) (Unaudited) (Audited) Net (loss)/profit for the period (3 499) (124) 107 (2 369) 2 645 Other comprehensive income for the period, net of income tax 25 510 606 758 1 587 Foreign exchange translation 26 523 506 749 1 485 Movements on investments 6 (1) (13) 100 9 102 Total comprehensive (loss)/income for the period (3 474) 386 713 (1 611) 4 232 Attributable to: Owners of the parent (3 474) 386 713 (1 611) 4 232 The accompanying notes are an integral part of these condensed consolidated financial statements. All items in other comprehensive income will be reclassified subsequently to profit or loss when specific conditions are met. The condensed consolidated provisional financial statements (condensed consolidated financial statements) have been prepared by Harmony Gold Mining Company Limited's corporate reporting team headed by Mr Herman Perry, supervised by the financial director, Mr Frank Abbott. They have been approved by the Board of Harmony Gold Mining Company Limited. The condensed consolidated financial statements for the 12 months ended 30 June 2013 were reviewed by the group's external auditors, PricewaterhouseCoopers Incorporated (see note 18). CONDENSED CONSOLIDATED BALANCE SHEETS (Rand) At At At 30 June 31 March 30 June 2013 2013 2012 Figures in million Note (Unaudited) (Audited) ASSETS Non-current assets Property, plant and equipment 10 32 820 34 911 32 853 Intangible assets 2 191 2 190 2 196 Restricted cash 37 38 36 Restricted investments 2 054 2 050 1 842 Deferred tax assets 7 104 652 486 Investments 11 153 139 146 Inventories 57 57 58 Trade and other receivables – 6 28 Total non-current assets 37 416 40 043 37 645 Current assets Inventories 1 425 1 206 996 Trade and other receivables 1 162 1 482 1 245 Income and mining taxes 132 3 118 Cash and cash equivalents 2 089 3 099 1 773 4 808 5 790 4 132 Assets of disposal groups classified as held for sale 8 – – 1 423 Total current assets 4 808 5 790 5 555 Total assets 42 224 45 833 43 200 EQUITY AND LIABILITIES Share capital and reserves Share capital 28 325 28 331 28 331 Other reserves 3 478 3 392 2 444 Retained earnings 503 4 002 3 307 Total equity 32 306 35 725 34 082 Non-current liabilities Deferred tax liabilities 3 021 3 244 3 106 Provision for environmental rehabilitation 1 997 1 961 1 865 Retirement benefit obligation 194 188 177 Other provisions 55 48 30 Borrowings 12 2 252 2 238 1 503 Total non-current liabilities 7 519 7 679 6 681 Current liabilities Borrowings 12 286 287 313 Income and mining taxes 4 92 1 Trade and other payables 2 109 2 050 1 747 2 399 2 429 2 061 Liabilities of disposal groups classified as held for sale 8 – – 376 Total current liabilities 2 399 2 429 2 437 Total equity and liabilities 42 224 45 833 43 200 The accompanying notes are an integral part of these condensed consolidated financial statements. CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Rand) for the year ended 30 June 2013 Share Other Retained Figures in million capital reserves earnings Total Balance – 30 June 2012 28 331 2 444 3 307 34 082 Issue of shares 1 – – 1 Share-based payments (7) 274 – 267 Net loss for the period – – (2 369) (2 369) Other comprehensive income for the period – 758 – 758 Option premium on BEE transaction – 2 – 2 Dividends paid(1) – – (435) (435) Balance – 30 June 2013 28 325 3 478 503 32 306 Balance – 30 June 2011 28 305 762 1 093 30 160 Issue of shares 26 – – 26 Share-based payments – 95 – 95 Net profit for the period – – 2 645 2 645 Other comprehensive income for the period – 1 587 – 1 587 Dividends paid(2) – – (431) (431) Balance – 30 June 2012 28 331 2 444 3 307 34 082 1. Dividend of 50 SA cents declared on 13 August 2012 and 50 SA cents on 1 February 2013. 2. Dividend of 60 SA cents declared on 12 August 2011 and 40 SA cents on 2 February 2012. The statement of changes in equity for the year ended 30 June 2012 has been audited. The accompanying notes are an integral part of these condensed consolidated financial statements. CONDENSED CONSOLIDATED CASH FLOW STATEMENTS (Rand) Quarter ended Year ended 30 June 31 March 30 June 30 June 30 June 2013 2013 2012 2013 2012 Figures in million (Unaudited) (Unaudited) (Unaudited) (Audited) Cash flow from operating activities Cash generated by operations 221 204 1 211 3 154 4 551 Interest and dividends received 48 34 20 138 80 Interest paid (40) (27) (38) (125) (141) Income and mining taxes paid (129) (70) (163) (312) (277) Cash generated by operating activities 100 141 1 030 2 855 4 213 Cash flow from investing activities Restricted cash transferred from disposal group – 252 – – – Proceeds on disposal of Evander – 1 264 – 1 264 – Proceeds on disposal of investment in associate – – 29 – 222 Proceeds on disposal of Evander 6 and Twistdraai – – 125 – 125 Proceeds on disposal of Merriespruit South – – – 61 – Purchase of investments (14) (33) – (86) – Other investing activities (1) 3 (56) (4) (85) Net additions to property, plant and equipment(1) (938) (835) (952) (3 713) (3 140) Cash (utilised)/generated by investing activities (953) 651 (854) (2 478) (2 878) Cash flow from financing activities Borrowings raised – – 342 678 1 443 Borrowings repaid (156) (4) (161) (333) (1 248) Ordinary shares issued – net of expenses 1 – 3 1 26 Option premium on BEE transaction 2 – – 2 – Dividends paid – (217) – (435) (431) Cash (utilised)/generated by financing activities (153) (221) 184 (87) (210) Foreign currency translation adjustments (4) 17 (14) 26 (45) Net (decrease)/increase in cash and cash equivalents (1 010) 588 346 316 1 080 Cash and cash equivalents – beginning of period 3 099 2 511 1 427 1 773 693 Cash and cash equivalents – end of period 2 089 3 099 1 773 2 089 1 773 1. Includes capital expenditure for Wafi-Golpu and other international projects of R133 million in the June 2013 quarter (March 2013: R148 million) (June 2012: R122 million) and R537 million in the 12 months ended 30 June 2013 (June 2012: R314 million). The accompanying notes are an integral part of these condensed consolidated financial statements. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2013 (Rand) 1. Accounting policies Basis of accounting The condensed consolidated provisional financial statements are prepared in accordance with the requirements of the JSE Limited Listings Requirements for provisional reports and the requirements of the Companies Act of South Africa. The Listings Requirements require provisional reports to be prepared in accordance with the framework concepts, the measurement and recognition requirements of International Financial Reporting Standards (IFRS), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and contain the information required by IAS 34 Interim Financial Reporting. The accounting policies applied in the preparation of the condensed consolidated provisional financial statements are in terms of IFRS and are consistent with those applied in the previous consolidated annual financial statements. 2. Cost of sales Quarter ended Year ended 30 June 31 March 30 June 30 June 30 June 2013 2013 2012 2013 2012 Figures in million (Unaudited) (Unaudited) (Unaudited) (Audited) Production costs – excluding royalty 2 799 2 658 2 623 11 183 9 791 Royalty expense 45 49 16 217 120 Amortisation and depreciation 501 459 548 1 942 1 921 Impairment/(reversal of impairment) of assets(1) 2 733 – (60) 2 733 (60) Rehabilitation (credit)/expenditure(2) (40) 10 20 (24) (17) Care and maintenance cost of restructured shafts 16 16 19 68 88 Employment termination and restructuring costs(3) 39 – 11 46 81 Share-based payments(4) 45 95 21 266 87 Other(5) 35 (4) 127 37 126 Total cost of sales 6 173 3 283 3 325 16 468 12 137 1. The impairment in the June 2013 quarter consists of an impairment of R2.68 billion on Hidden Valley, R31 million on St Helena and R27 million on Steyn 2. The net reversal in the June 2012 quarter consists mainly of a reversal of R194 million for Target 1 and an impairment of R126 million on Steyn 2. Refer to note 10 for further detail. 2. The credit in the June 2013 quarter relates to a change in estimate following the annual reassessment. The decrease in the 2012 and 2013 years resulted due to the rehabilitation projects completed in the Free State area during both years. 3. Included in the June 2013 quarter are amounts relating to the restructuring at Hidden Valley and the introduction of voluntary retrenchment packages in South Africa. The amounts for the 2012 financial year relates to restructuring at the Bambanani shaft. 4. Refer to note 3 for details. 5. Included in the June 2013 quarter are amounts relating to the change in estimate of gold in lock-up and other stockpiles. The June 2012 quarter includes amounts relating to the change in estimate of gold in lock-up. 3. Share-based payments This includes the cost relating to the new Employee Share Ownership Plan (ESOP) awards that were granted in August 2012. In terms of the ESOP rules, all employees other than management were awarded a minimum of 100 Scheme Shares and 200 Share Appreciation Rights (SARs), with employees with service longer than 10 years receiving an additional 10%. Both the Scheme Shares and SARs vest in five equal portions on each anniversary of the award. In addition these employees qualify for an additional cash bonus under the SARs in the event that the share price growth is less than R18 per share. The effect of the bonus puts the employees in the position they would have been in had the share price increased by R18 per share since issue date. Harmony issued 3.5 million shares to the Tlhakanelo Share Trust on 31 August 2012. In addition, 6 817 880 SARs were issued. In terms of IFRS 2, Share-based Payment, the SARs includes an equity-settled portion as well as a cash-settled portion related to the cash bonus. The cash- settled portion has been recognised in the balance sheet, the fair value of which will be remeasured at each reporting date. At the annual general meeting on 28 November 2012, the shareholders authorised the acceleration of the vesting from August to March each year. During the March 2013 quarter, the first portion of the Scheme Shares and SARs awarded in August 2012 vested, resulting in all qualifying employees receiving a minimum value of R1 912 before tax, amounting to a total value of R58 million being distributed in April 2013. During March 2013, new qualifying employees who have not previously received an offer were awarded 80 Scheme Shares and 160 SARs which will vest in four equal portions on each anniversary of the award. A total of 97 040 Scheme Shares and 194 080 SARs were issued by the Tlhakanelo Share Trust for this award. 4. Profit on sale of property, plant and equipment Included in the amount is the transaction for the sale of the Merriespruit South mining right to Witwatersrand Consolidated Gold Resources Limited (Wits Gold) that was completed, resulting in a profit of R60 million during the December 2012 quarter. 5. Other expenses – net (a) Included in the June 2013 quarter is a foreign exchange translation loss of R161 million (March 2013: R150 million) on the US dollar denominated loan. The effect of foreign exchange changes for the 12 months totals a translation loss of R351 million (June 2012: R45 million). Refer to note 12 for further details. (b) On 20 March 2013 Harmony signed transaction and funding agreements to give effect to an empowerment transaction to dispose of 30% of its Free State based Phoenix tailings operation (Phoenix) to BB-BEE shareholders, which includes a free-carry allocation of 5% to a Community Trust that has been created and is currently controlled by Harmony. The transaction closed on 25 June 2013, following the fulfilment of the last condition precedent. In terms of the agreements Phoenix was transferred to a newly incorporated subsidiary (PhoenixCo). The fair value of the net assets for purposes of the transaction was set at R450 million. The awards to the BEE partners have been accounted for as an in-substance option as the BEE partners will only share in the upside of their equity interest in PhoenixCo until the date the financing provided by Harmony is fully repaid. On this date the options will be exercised. The award of the options to the BEE partners is accounted for as an equity-settled share-based payment arrangement. The in-substance options carry no vesting conditions and the fair value of the options of R23 million has been expensed on the grant date, 25 June 2013. 6. Impairment of investments A decline in the fair value of the investment in Witwatersrand Consolidated Gold Resource Limited (Wits Gold) during the year resulted in an impairment of R88 million (2012: R144 million) recorded in the income statement. 7. Deferred taxation The net deferred taxation debit in the income statement in the June 2013 quarter is primarily due to the derecognition of the deferred tax asset amounting to R547 million previously recorded for the Hidden Valley operation. The net deferred taxation debit in the income statement in the June 2012 quarter is mainly due to the annual reassessment of the Life-of-Mine deferred tax rates amounting to R270 million. 8. Disposal groups classified as held for sale and discontinued operations Evander Gold Mines Limited Harmony entered into an agreement to sell its 100% interest in Evander Gold Mines Limited (Evander) to a wholly owned subsidiary of Pan African Resources Plc for R1.5 billion, less certain distributions, during May 2012. The last condition was met on 14 February 2013 and the transaction was completed on 28 February 2013. In terms of the agreement Harmony received a distribution of R210 million and a purchase consideration of R1 314 million. A group profit of R102 million was recorded in the March 2013 quarter. 9. Earnings and net asset value per share Quarter ended Year ended 30 June 31 March 30 June 30 June 30 June 2013 2013 2012 2013 2012 (Unaudited) (Unaudited) (Unaudited) (Audited) Weighted average number of shares (million) 432.6 431.8 431.4 431.9 430.8 Weighted average number of diluted shares (million) 433.1 432.8 432.3 432.7 432.0 Total (loss)/earnings per share (cents): Basic (loss)/earnings (809) (29) 25 (548) 614 Diluted (loss)/earnings (809) (29) 25 (548) 612 Headline (loss)/earnings (186) (47) (6) 47 565 – from continuing operations (186) (56) (11) (2) 465 – from discontinued operations – 9 5 49 100 Diluted headline (loss)/earnings (186) (47) (6) 47 563 – from continuing operations (186) (56) (11) (2) 463 – from discontinued operations – 9 5 49 100 Reconciliation of headline earnings: Figures in million Continuing operations Net (loss)/profit (3 499) (267) (73) (2 683) 2 053 Adjusted for: Reversal of impairment of investment in associate* – – – – (56) Impairment of investments* – 39 144 88 144 Impairment/(reversal of impairment) of assets 2 733 – (60) 2 733 (60) Taxation effect on impairment/(reversal of impairment) of assets (38) – (34) (38) (34) Profit on sale of property, plant and equipment – (15) (34) (139) (63) Taxation effect of profit on sale of property, plant and equipment – – 9 31 16 Headline (loss)/earnings** (804) (243) (48) (8) 2 000 Discontinued operations Net profit – 143 180 314 592 Adjusted for: Profit on sale of property, plant and equipment – – (230) – (232) Taxation effect of profit on sale of property, plant and equipment – – 71 – 72 Profit on sale of investment in subsidiary* – (102) – (102) – Headline earnings – 41 21 212 432 Total headline (loss)/earnings (804) (202) (27) 204 2 432 * There is no taxation effect on these items. ** Write-off of the Hidden Valley deferred tax asset of R547 million is not added back as it is not permitted per the South African Institute of Chartered Accountants Circular on Headline Earnings. Net asset value per share At At At 30 June 31 March 30 June 2013 2013 2012 (Unaudited) (Audited) Number of shares in issue 435 289 890 435 257 691 431 564 236 Net asset value per share (cents) 7 422 8 208 7 897 10. Property, plant and equipment and impairment One of the most significant assumptions that influence the life-of-mine plans and therefore impairment amount is the expected future gold price. During this year's testing, we used a short-term gold price of US$1 250, medium-term gold price of US$1 300 and long-term gold price of US$1 400 per ounce for Hidden Valley and an overall price of R400 000/kg for the South African operations. A 10% decrease in the gold price used in the models would have resulted in an additional impairment at Steyn 2 of R17 million, Target 1 of R350 million and the Hidden Valley operation of R1.96 billion. 11. Investment in Rand Refinery During the June 2013 quarter, an additional 1.4% interest in Rand Refinery was purchased for R14 million. This is in addition to the 7.16% interest purchased for R72 million in two tranches during the March 2013 and December 2012 quarter. Harmony holds just over 10% interest in Rand Refinery as at 30 June 2013. 12. Borrowings The Nedbank revolving credit facility was repaid in full during the December 2011 quarter and the full R850 million facility is available until December 2013. The balance on Nedbank term facilities at 30 June 2013 is R458 million. Two drawdowns of US$40 million each (R330 million and R348 million) were made from the US$300 million syndicated revolving credit facility during the September and December 2012 quarters, respectively. This takes the drawn level to US$210 million. The facility is repayable by September 2015. The weakening of the Rand against the US dollar resulted in a foreign exchange translation loss of R161 million being recorded against the borrowings balance in the June 2013 quarter, in addition to the R150 million recorded in the March 2013 quarter. The effect of foreign exchange changes for the 12 months totals a translation loss of R351 million (2012: R45 million). 13. Commitments and contingencies At At At 30 June 31 March 30 June 2013 2013 2012 Figures in million (Unaudited) (Audited) Capital expenditure commitments: Contracts for capital expenditure 416 594 519 Authorised by the directors but not contracted for 1 545 958 2 257 1 961 1 552 2 776 This expenditure will be financed from existing resources and, where appropriate, borrowings. Contingent liability For a detailed disclosure on contingent liabilities refer to Harmony's annual report for the financial year ended 30 June 2012, available on the group's website (www.harmony.co.za). There were no significant changes in contingencies since 30 June 2012, with the exception of the items discussed below. Following the disclosure made in Harmony's annual report for the financial year ended 30 June 2012 relating to silicosis, Harmony and its subsidiaries, alongside other mining companies operating in South Africa (other respondents) were served with another application to certify a class during January 2013. Harmony, its subsidiaries and other respondents are awaiting a consolidated and supplemented certification application of the two separate applications served. 14. Subsequent events There are no subsequent events to report. 15. Segment report The segment report follows below. 16. Reconciliation of segment information to consolidated income statements and balance sheet Year ended 30 June 30 June 2013 2012 Figures in million Audited The "Reconciliation of segment information to consolidated financial statements" line item in the segment report is broken down in the following elements, to give a better understanding of the differences between the income statement, balance sheet and segment report: Reconciliation of production profit to gross (loss)/profit Total segment revenue 16 776 16 574 Total segment production costs (11 933) (10 678) Production profit per segment report 4 843 5 896 Discontinued operations (341) (638) Production profit from continuing operations 4 502 5 258 Cost of sales items, other than production costs and royalty expense (5 068) (2 226) Gross (loss)/profit as per income statements* (566) 3 032 Year ended 30 June 30 June Figures in million 2013 2012 Reconciliation of total segment mining assets to consolidated property, plant and equipment Property, plant and equipment not allocated to a segment Mining assets 836 1 226 Undeveloped property 5 139 5 139 Other non-mining assets 286 110 Wafi-Golpu assets 1 148 553 Less: Non-current assets previously classified as held-for-sale – (1 124) 7 409 5 904 * The reconciliation was done up to the first recognisable line item on the income statement. The reconciliation will follow the income statement after that. 17. Related parties Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the group, directly or indirectly, including any director (whether executive or otherwise) of the group. During the year, Harmony shares were purchased by certain directors as set out below: Graham Briggs 14 347 shares Frank Abbott 73 900 shares Ken Dicks 20 000 shares 18. Audit review The condensed consolidated financial statements for the year ended 30 June 2013 have been reviewed in accordance with the International Standards on Review Engagements 2410 – "Review of interim financial information performed by the independent Auditors of the entity" by PricewaterhouseCoopers Inc. Their unqualified review opinion is available for inspection at the company's registered office. Segment report (Rand/Metric) for the year ended 30 June 2013 Production Capital Kilograms Revenue Production cost profit/(loss) Mining assets(1) expenditure# produced* Tonnes milled* 30 June 30 June 30 June 30 June 30 June 30 June 30 June 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 R million R million R million R million R million kg t'000 Continuing operations South Africa Underground Kusasalethu 1 213 2 320 1 484 1 439 (271) 881 3 435 3 260 420 415 2 740 5 633 711 1 197 Doornkop 1 615 1 284 1 042 862 573 422 3 378 3 235 285 294 3 631 3 075 1 008 928 Phakisa 1 103 1 064 982 803 121 261 4 547 4 448 337 302 2 434 2 541 512 521 Tshepong 1 887 2 219 1 427 1 275 460 944 3 877 3 693 310 288 4 154 5 287 1 040 1 233 Masimong 1 640 1 349 975 843 665 506 989 980 171 208 3 616 3 220 868 933 Target 1 1 794 1 525 937 855 857 670 2 704 2 644 331 259 3 967 3 630 717 788 Bambanani 932 549 591 597 341 (48) 882 944 119 266 2 083 1 374 211 197 Joel 1 452 1 124 654 565 798 559 290 216 160 84 3 228 2 663 611 557 Unisel 825 672 567 494 258 178 656 364 78 71 1 813 1 593 446 394 Target 3 737 472 508 428 229 44 457 345 145 90 1 626 1 123 323 316 Surface All other surface operations 1 515 1 428 1 029 899 486 529 264 233 250 162 3 438 3 372 10 082 9 324 Total South Africa 14 713 14 006 10 196 9 060 4 517 4 946 21 479 20 362 2 606 2 439 32 730 33 511 16 529 16 388 International Hidden Valley 1 189 1 163 1 204 851 (15) 312 3 932 5 595 506 296 2 644 2 762 1 844 1 766 Total international 1 189 1 163 1 204 851 (15) 312 3 932 5 595 506 296 2 644 2 762 1 844 1 766 Total continuing operations 15 902 15 169 11 400 9 911 4 502 5 258 25 411 25 957 3 112 2 735 35 374 36 273 18 373 18 154 Discontinued operations Evander 874 1 405 533 767 341 638 – 992 140 177 1 955 3 369 390 638 Total discontinued operations 874 1 405 533 767 341 638 – 992 140 177 1 955 3 369 390 638 Total operations 16 776 16 574 11 933 10 678 4 843 5 896 25 411 26 949 3 252 2 912 37 329 39 642 18 763 18 792 Reconciliation of the segment information to the consolidated income statement and balance sheet (refer to note 16) (874) (1 405) (533) (767) 7 409 5 904 15 902 15 169 11 400 9 911 32 820 32 853 (1) Mining assets disclosures included in the segment report and the amounts included in the reconciliation of segment information (refer to note 16) were previously not disclosed and have been reviewed for the year ended 30 June 2013 and 30 June 2012. # Capital expenditure for international operations excludes expenditure spent on Wafi-Golpu of R537 million (2012: R314 million). * Production statistics are unaudited. The segment report for the year ended 30 June 2012 has been audited. CONTACT DETAILS Corporate Office Randfontein Office Park PO Box 2, Randfontein, 1760, South Africa Corner Main Reef Road/Ward Avenue, Randfontein, 1759, South Africa Telephone: +27 11 411 2000 Website: www.harmony.co.za Directors P T Motsepe* Chairman M Motloba*^ Deputy Chairman G P Briggs Chief Executive Officer F Abbott Financial Director H E Mashego Executive Director F F T De Buck*^ Lead independent director J A Chissano*1^, K V Dicks*^, Dr D S Lushaba*^, C Markus*^, M Msimang*^, K T Nondumo*^, V P Pillay *^, J Wetton*^, A J Wilkens* * Non-executive ^ Independent (1)Mozambican Investor relations team Henrika Basterfield Investor Relations Manager Telephone: +27 11 411 2314 Fax: +27 11 692 3879 Mobile: +27 82 759 1775 Email: henrika@harmony.co.za Marian van der Walt Executive: Corporate and Investor Relations Telephone: +27 11 411 2037 Fax: +27 86 614 0999 Mobile: +27 82 888 1242 Email: marian@harmony.co.za Company Secretary Riana Bisschoff Telephone: +27 11 411 6020 Mobile: +27 83 629 4706 Email: riana.bisschoff@harmony.co.za South African Share Transfer Secretaries Link Market Services South Africa (Proprietary) Limited (Registration number 2000/007239/07) 13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2001 PO Box 4844, Johannesburg, 2000, South Africa Telephone: +27 86 154 6572 Fax: +27 86 674 4381 ADR Depositary Deutsche Bank Trust Company Americas c/o American Stock Transfer and Trust Company, Peck Slip Station PO Box 2050, New York, NY 10272-2050 Email queries: db@amstock.com Toll Free: +1-800-937-5449 Intl: +1-718-921-8137 Fax: +1-718-921-8334 Sponsor JP Morgan Equities Limited 1 Fricker Road, corner Hurlingham Road, Illovo, Johannesburg, 2196 Private Bag X9936, Sandton, 2146, South Africa Telephone: +27 11 507 0300 Fax: +27 11 507 0503 Trading Symbols JSE Limited: HAR New York Stock Exchange, Inc: HMY Euronext, Brussels: HMY Berlin Stock Exchange: HAM1 Registration number 1950/038232/06 Incorporated in the Republic of South Africa ISIN ZAE000015228