Issued by Harmony Gold
Mining Company Limited
8 August
2011
For more details contact:
Marian van der Walt
Executive: Corporate and
Investor Relations
+27 82 888 1242(mobile)
Corporate Office
:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T
+27 (11) 411 2000
www.harmony.co.za
JSE:
HAR
NYSE: HMY
ISIN No.: ZAE000015228
Registration number:
1950/038232/06
Settlement of US class action against Harmony, subject to final court approval
Johannesburg, 8 August 2011: Harmony Gold Mining Company Limited (Harmony)
is pleased to announce that it has reached a mutually acceptable settlement with the
lead plaintiff in the class action filed against it in the United States (US) District Court
for the Southern District of New York in May 2008. The settlement requires final
approval from the court on or after a hearing scheduled for the 10
th
of November
2011 and no assurance can be given that the settlement will ultimately be approved.
Harmony did not admit to any liability in connection with the proposed settlement and,
if finally approved, the settlement will result in the dismissal of all claims against
Harmony.
The class action was instituted against Harmony on the basis of alleged losses
suffered by investors in certain securities traded in US securities markets during the
alleged class period (25 April 2007 to and through 7 August 2007).
Graham Briggs, chief executive officer, commented that: “A mediated settlement
process was followed to avoid protracted and expensive litigation. Management will
continue to focus on what is important
– producing safe, profitable ounces and report
its results in a transparent and responsible manner.”
ends.