Harmony Gold Mining Company Limited - Harmony To R
Harmony Gold Mining Company Limited - Harmony To Repurchase Up To 25% Of Its
Har1 Bond Issue
HARMONY GOLD MINING COMPANY LIMITED
Incorporated in 1950
Registration number 1950/038232/06
Share code: HAR
ISIN: ZAE000015228
HARMONY TO REPURCHASE UP TO 25% OF ITS HAR1 BOND ISSUE
Harmony Gold Mining Company Limited (the `Company`) today announced that it
would approach the market to purchase up to 25% of the outstanding notional
amount (ZAR 1,200,000,000.00) (the `Repurchase`) of its 13% HAR1 bond (ISIN:
ZAG000018011) listed on the Bond Exchange of South Africa due 14 June 2006 (the
`Bonds`). All holders of the Bonds will be given equal opportunity to
participate in the Repurchase.
The Repurchase will be conducted as provided for in Section 7 (Redemption and
Purchases) of the Terms and Conditions of the Bonds as contained in the Bonds`
Offering Circular dated 12 June 2001. In accordance with Section 7.4
(Purchases), `the Issuer may at any time purchase Bonds at any price in the open
market or otherwise`. Further, in accordance with Section 7.5 (Cancellation),
`all bonds which are redeemed or purchased by the Issuer will forthwith be
cancelled` and `all Bonds so cancelled shall be held by the Transfer Secretaries
and cannot be re-issued or resold`. Deutsche Bank will manage the Repurchase.
All holders of the HAR1 bond who wish to participate in the Repurchase are
invited to post offers with Deutsche Bank between 9:00am and 11:00am on
Wednesday 6 July. Deutsche Bank will consider all offers capped at 200 bps over
the Republic of South Africa`s R152 benchmark bond. Offers will be filled on a
competitive basis but at a single clearing spread applicable to all offers
filled. The final Repurchase size will be at the sole discretion of the
Company.
For more information please contact:
Brenton Saunders (Harmony) +27 11 684 0146
Zelda Smit (Harmony) +27 11 411 2231
Douglas Woods (Deutsche Bank) +27 11 775 7855
Dave Needham (Deutsche Bank) +27 11 322 6823
30 June 2005
Sponsor
Merrill Lynch SA (Pty) Ltd
Date: 30/06/2005 01:30:03 PM
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