RNS Number:9480T
Harmony Gold Mining Co Ld
3 April 2002


                          Harmony Gold Mining Co. Ltd.
                                  NEWS RELEASE


                       HARMONY ACQUIRES 98.59% OF HILL 50

For immediate release
Wednesday 3 April 2002

Johannesburg, 3 April 2002 - Harmony today announced that the company has
successfully acquired a 98.59% fully diluted interest in Hill 50.

Harmony increased its offers to A$1.45 cash for each Hill 50 share, and A$0.75
cash for each Hill 50 option on April 3, 2002. The company currently has a
shareholding of 98.57% of Hill 50 and a relevant interest of 98.76% of the Hill
50 listed options. This follows the receipt of acceptances from Colonial First
State for its entire shareholding.

Accordingly, Harmony will now seek to commence compulsory acquisition.

Harmony's offers were increased by 5 cents in recognition of the recent strength
in the gold sector. From the date of the original Harmony offers in December
2001, the gold price has increased from US$273/oz to US$305/oz. This strength
has been reflected in increased values of gold equities, with the Australian
Gold Index increasing by 35% during this same period.

Bernard Swanepoel, chief executive said: "The completion of this acquisition
provides Harmony with a well balanced portfolio of gold assets with critical
mass in Australia.

"Harmony will be producing in excess of 500 000 ounces per annum from its three
major operations in West Australia. The company holds extensive land positions
surrounding its three mine sites, and expects further increases to its
Australian reserve base from future discoveries in these highly prospective
areas.

"In addition, the company is working towards bringing into production its newly
acquired Hill 50 assets in the Northern Territories.

"Harmony also looks forward to further growth in its Australian portfolio
through its 31.8% shareholding in Bendigo Mining NL. Bendigo is pursuing a A$50
million project to develop, evaluate and bring into production the high grade
gold reefs, which occur beneath the extensive workings in the Bendigo gold
field, in Victoria. Harmony has the option to increase its stake in this company
to 51%."

Harmony's current annualised production totals 3.2 million ounces per annum,
with 2.7 million ounces from its South African operations, and 500 000 ounces
from Australia.

Ends

For further details contact:

SOUTH AFRICA
Bernard Swanepoel                                           Ted Grobicki
on +27(0)83-303-9922 or                                     on +27(0)83-375-4545



Issued by Harmony Gold Mining Company Limited

Contact:

Corne Bobbert
Tel +27 11 411 2036
Fax +27 11 411 2169
Mobile +27(0)83 380 6614

Web Site: www.harmony.co.za

ISIN No.: ZAE000015228

JSE: HAR

NASDAQ: HGMCY


Disclaimer

This presentation includes certain information that is based on management's
reasonable expectations and assumptions. These "forward-looking statements"
include, but are not limited to, statements regarding estimates, intentions and
beliefs, as well as anticipated future production, mine life, market conditions
and costs. While management has prepared this information using the best of
their experience and judgment, and in all good faith, there are risks and
uncertainties involved which could cause results to differ from projections.

Cautionary Note to US Investors - The United States Securities and Exchange
Commission (the "SEC") permits mining companies, in their filings with the SEC,
to disclose only those mineral deposits that a company can economically ad
legally extract or produce. We use certain terms in this quarterly review, such
as "resources", that the SEC guidelines strictly prohibit us from including in
our filings with the SEC. U.S. Investors are urged to consider closely the
disclosure in our public filings with the SEC available from us at Harmony Gold
Mining Company Limited, P.O. Box 2, Randfontein, 1760, South Africa, Attention:
Mr. Ferdi Dippenaar, Commercial Director. You can also obtain these filings from
the SEC by calling 1-800-SEC-0330.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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