HARMONY

PRESS RELEASE

HARMONY SELLS KALGOLD TO AFLEASE

Johannesburg, 7 November 2003 - Harmony Gold Mining Company Limited (NYSE: HMY
JSE: HAR) today announced that it had sold its Kalgold Operations to The
Afrikander Lease Limited (Aflease) for a consideration of R275 million.

In terms of the agreement, Aflease will pay Harmony an amount of R137,5 million
in cash, with the remaining R137,5 million being funded with the issue of
ordinary shares at a price of R5,35, which is based on the seven day volume
weighted average Aflease share price. A total of 25 700 935 shares will be
issued to Harmony.

"Whilst Kalgold has consistently delivered cash operating profit of R10,0
million per quarter, the disposal thereof is in line with our strategy of
upgrading the quality of our production base. The proceeds from this disposal
further strengthens our balance sheet and our ability to fund the development
of our quality growth projects," commented Bernard Swanepoel, Chief Executive.

Harmony will retain its interest in the company's Kalplats platinum discovery
and associated mineral rights.

Ends

Issued by Harmony Gold Mining Company Limited

7 November 2003

For more details contact:

Bernard Swanepoel

on +27(0)83 303 9922

or

Ferdi Dippenaar

on +27(0)82 807 3684

Investor Relations Officer

Corn� Bobbert

Tel +27 11 684 0146

Mobile +27(0)83 380 6614

cbobbert@harmony.co.za

www.harmony.co.za

JSE: HAR

NYSE: HMY

ISIN No.: ZAE000015228

NYSE : HMY JSE : HAR

Corporate Office: Suite No.1 Private Bag X1 Melrose Arch Johannesburg South
Africa 2076

T +27 (11) 684 0140 F +27 (11) 684 0188 www.harmony.co.za



END