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Fri 30 Jan 2004, 12:22 FURTHER CAUTIONARY ANNOUNCEMENT
AVMIN/ ARMI/ HARMONY - FURTHER CAUTIONARY ANNOUNCEMENT                          
Anglovaal Mining Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/004580/06)                                            
(Share code: AIN)                                                               
(ISIN code: ZAE000017141)                                                       
("Avmin")                                                                       
African Rainbow Minerals & Exploration                                          
Investments (Proprietary) Limited                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/020158/07)                                            
("ARMI")                                                                       
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/038232/06)                                            
(Share code: HAR)                                                               
(ISIN code: ZAE000015228)                                                       
("Harmony")                                                                     
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders of Avmin and Harmony are referred to the detailed joint cautionary 
announcement dated 13 November 2003 regarding a range of indivisible            
transactions involving Avmin, Harmony and ARMI as well as to the financial      
effects and further cautionary announcement dated 19 December 2003.             
Shareholders are advised that the requisite legal agreements are still being    
finalised. Accordingly, the shareholders of both Avmin and Harmony are advised  
to continue to exercise caution when trading in their securities until a further
announcement is made.                                                           
Johannesburg                                                                    
30 January 2004                                                                 
Financial adviser and sponsor to Avmin                                          
Deutsche Securities (SA) Proprietary Limited                                    
Attorneys to Avmin                                                              
Deneys Reitz                                                                    
Financial adviser and sponsor to Harmony and joint financial adviser to ARMI    
JPMorgan                                                                        
Joint financial adviser to ARMI                                                 
Nedbank Corporate                                                               
Attorneys to Harmony                                                            
Cliffe Dekker                                                                   
Attorneys to ARMI                                                               
Bowman Gilfillan                                                                
Date: 30/01/2004 12:07:04 PM Supplied by www.sharenet.co.za                     
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