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JOINT NEWS RELEASE by Harmony Gold Mining Co. Ltd. And African Rainbow Minerals
Gold Ltd.
ARMgold AND HARMONY MERGER -
Johannesburg, 16 July 2003 - Harmony Gold Mining Company Limited (NYSE: HMY
JSE: HAR) and African Rainbow Minerals Gold Ltd. (JSE: AOD) today announced the
approval by the Competition Tribunal of the proposed merger between the two
companies.
On 2 July 2003, the Competition Commission unconditionally approved the merger
and recommended it to the Competition Tribunal for final consideration. The
final approval by the Competition Tribunal now paves the way for the
shareholders of both Harmony and ARMgold to vote on the proposed merger during
August 2003.
Subject to the approval from shareholders, the merger will be presented for
court sanction early in September 2003. Court approval of the scheme will result
in the termination of the ARMgold listing in the latter half of September 2003,
and the new Harmony becoming South Africa"s largest gold producer, producing
approximately 4,0 million ounce per annum.
ENDS
Issued by Harmony Gold Mining Company Limited ("Harmony")
And African Rainbow Minerals Gold Limited ("ARMgold")
For release on Wednesday 16 July 2003
For more details contact:
Bernard Swanepoel on +27(0)83 303 9922
or
Patrice Motsepe
on +27(0)82 560 0930
or
Ferdi Dippenaar
on +27(0)82 807 3684
or
Pieter Taljaard
on +27(0)82 441 8834
Harmony
Investor Relations Officer
Corne Bobbert
Tel +27 11 684 0146Fax +27 11 684 0188
Mobile +27(0)83 380 6614
cbobbert@harmony.co.za
www.harmony.co.za
JSE: HAR HAR
NYSE: HMY
ISIN No.: ZAE000015228
JSE: HARW
NYSE: HMYWS
ISIN No.: ZAE000031209
ARMgold
Investor Relations Officer
Mangisi GuleTel +27 11 883 5606Fax +27 11 883 5609
Mobile +27(0)82 805 3863
mangisi.gule@armgold.com
www.armgold.com
JSE: AOD HAR
ISIN No.: AE000039244
Date: 16/07/2003 04:23:05 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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