TIDMHRM
HARMONY
PRESS RELEASE
Harmony suspends negotiations regarding Pamodzi Gold's Free State assets
Johannesburg. Friday, 28 August 2009. Harmony Gold Mining Company Limited
(Harmony) notes the recent public statements made regarding the proposed
recapitalisation of the Pamodzi Gold group of companies.
Harmony has been in negotiations with the provisional liquidators of Pamodzi
Gold Free State (Proprietary) Limited (Pamodzi Gold Free State) regarding the
potential acquisition of the assets of Pamodzi Gold Free State since April
2009. Harmony believes that it has offered a fair price and that the potential
acquisition, if implemented, will provide a sustainable future for the relevant
stakeholders in the Free State.
As a result of the recent developments, Harmony advises that it has decided to
suspend negotiations with the provisional liquidators of Pamodzi Gold Free
State in respect of the potential acquisition in order to allow all
stakeholders an opportunity to assess the proposed recapitalisation and the
likelihood of it succeeding.
Harmony's decision as to whether or not to recommence negotiations with the
provisional liquidators of Pamodzi Gold Free State will be made in due course
depending on developments regarding the proposed recapitalisation.
ends.
Issued by Harmony Gold Mining Company Limited
28 August 2009
For more details contact:
Graham Briggs
Chief Executive Officer
on +27(0)83 265 0274
Corporate Office:
randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE: HAR HAR
NYSE: HMY
NASDAQ: HMY
ISIN No.: ZAE000015228
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