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Harmony Gold Mining Company Limited - Launch Of Convertible Bond - Harmony Gold
Release Date: 01/04/2004 07:58:12 Code(s): HAR
HARMONY GOLD MINING COMPANY LIMITED - LAUNCH OF CONVERTIBLE BOND - HARMONY GOLD
MINING COMPANY LIMITED
31 March 2004
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO US, CANADIAN, AUSTRALIAN OR
JAPANESE PERSONS
Harmony Gold Mining Company Limited
Incorporated in the Republic of South Africa
(Registration number 1950/038232/06)
Share Code: HAR ISIN:ZAE 000015228
Convertible Bond Issue
Harmony Gold Mining Company Ltd ("Harmony") today announces that it intends to
issue ZAR1,700 million (c.US$270 million) of convertible bonds (the "Bonds").
The proceeds of the issue will be used primarily to refinance Harmony"s existing
South African Rand debt, hence benefiting from the attractive financing
opportunities currently available in the convertible bond market.
Terms of the Bonds
Subject to the terms and conditions of the Bonds, the Bonds will be issued by
Harmony and will be convertible into approximately 14 million new Harmony
ordinary shares (the "Shares"), representing approximately 5% of Harmony"s
issued ordinary share capital. The Bonds will be denominated in Rand and will be
issued at 100% of their principal amount. The coupon on the Bonds will be
4.875% payable semi-annually in arrears and the conversion price will be ZAR121.
The Bonds are expected to settle on or about 21 May 2004. Applications will be
made for the Bonds to be admitted to the Official List of the UK Listing
Authority and to the London Stock Exchange plc"s market for listed securities.
J.P. Morgan Securities Ltd. is the lead manager of the Bond issue.
For further information please contact:
Ferdi Dippenaar Harmony +27 82 807 3684
Ian Hannam JPMorgan +44 207 325
1168
Background Information
Harmony Gold Mining Company Limited
Harmony is the largest gold producer in South Africa and the sixth largest gold
producer in the world. Harmony is listed on stock exchanges in Johannesburg, New
York, London, Paris, Berlin and Brussels, and has a market capitalisation of
approximately US$ 4.0 billion. Since becoming an independent mining company in
1995, Harmony has implemented a successful strategy of delivering shareholder
value by pursuing a focused strategy of growth through acquisitions. Harmony has
completed some 25 acquisitions, many of which have also provided the company
with opportunities for significant organic growth. As at 30 June 2003, Harmony"s
mining operations in South Africa and Australia reported in aggregate total
proven and probable reserves of approximately 61.9 million ounces, and a gold
resource in excess of 410 million ounces.
In the United Kingdom, this announcement is directed exclusively at persons who
have professional experience in matters relating to investments who fall within
Article 19 or 49 of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2001. In the United Kingdom, the Bonds will only be issued to
such persons.
This announcement is not for distribution in or into the United States or to US
persons. This announcement is not an offer of securities for sale in the United
States or to US persons. The securities referred to herein may not be offered or
sold in the United States or to US persons unless they are registered under the
US Securities Act of 1933 or exempt from registration. There will be no public
offering of the securities referred to herein in the United States.
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