TABLE OF CONTENTS

CORPORATE PROFILE

THE BUSINESS…………………………………………………………………….….Page 3

THE STRATEGY………………………………………………………………………..Page 4

THE COMPETITORS…………………………………………………………………Page 5

FINANCIAL REPORT & KEY FIGURES INTERPRETATION

Balance Sheet…………………………………………………………………………..Page 6

Income Statements……………………………………………………………….….Page 7

Retained Earnings Statement………………………….…………………….….Page 8

Cash Flow…………………………………………………………………………...….Page 9

DOL / DFL / DTL…………………………………………………………….….….Page 10

1) THE BUSINESS IT IS IN

Harmony Gold Mining Company Limited (Harmony), one of the world’s largest gold mining companies, operates primarily in South Africa, exploiting the gold-bearing reefs of the Witwatersrand Basin.
Harmony was incorporated and registered as a public company in South Africa on 25 August 1950 and later became a Randgold-managed company, exploiting the single Harmony mine lease. In 1995, Harmony was recreated as a separate entity following the winding up of Randgold.

Harmony’s operations have grown significantly since 1995, expanding from a single, lease-bound mining operation into an independent, world-class gold producer. The group received additional mining rights in the Free State, Mpumalanga, Gauteng and North West province in South Africa when it acquired Lydex in 1997, Evander in 1998, Kalgold in 1999, Randfontein in 2000, ARMgold in 2003 and Avgold in 2004.

Mining operations are conducted through various subsidiaries. Harmony's principal subsidiaries are Randfontein Estates, Evander Gold Mines, ARMgold/Harmony Freegold JV, ARMgold, Avgold Kalahari Goldridge Mining Company and Harmony Gold (Australia) (Pty) Limited. All are wholly-owned, direct subsidiaries incorporated in South Africa.

In FY09, Harmony produced 1.46 million ounces of gold, making it one of the world’s largest gold mining companies. The group’s operations are located primarily on the Witwatersrand Basin in South Africa,