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Harmony Gold Mining Company Limited
(Registration number 1950/038232/06)
("Harmony" or the "company")
ISIN No.: ZAE000015228
JSE: HAR
NYSE: HMY
JSE: HARW
NYSE: HMYWS
ISIN No.: ZAE000031209
Johannesburg - 29 January 2003 - Harmony Gold Mining Company Limited
(NYSE: HMY: JSE: HAR) today announced the successful placement of 8
million ordinary shares at a price of US$15,50 per share,
representing a 5.5% discount on yesterday`s closing price on the JSE
Securities Exchange Johannesburg. The proceeds of the placement,
which was completed overnight, will be used to fund the current
growth activities of the company.
"Harmony is at an exciting time of its history, where having a
strong balance sheet is essential to fund its growth strategy at
this time. With the announcement of our Doornkop South Reef Project,
the Tshepong North Shaft Project and other growth opportunities, the
company is increasing its future production profile," commented
Bernard Swanepoel, chief executive.
"Harmony, an unhedged gold producer, plans to use the proceeds from the
placement to strengthen its balance sheet, thereby ensuring the delivery
of these projects," he concluded.
ENDS
Issued by Harmony Gold Mining Company Limited
For release on Wednesday
29 January 2003
For more details contact:
Bernard Swanepoel
on +27(0)83 303 9922
or
Ferdi Dippenaar
on +27(0)82 807 3684
Investor Relations Officer
Corne Bobbert
Tel +27 11 684 0146
Fax +27 11 684 0188 Mobile +27(0)83 380 6614
cbobbert@harmony.co.za
www.harmony.co.za
JSE: HAR
NYSE: HMY
ISIN No.: ZAE000015228
JSE: HARW
NYSE: HMYWS
ISIN No.: ZAE000031209
Date: 29/01/2003 12:55:00 PM Produced by the JSE SENS Department
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