Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” and/or “the Company”)


RESULTS FOR THE    SIX-MONTH   PERIOD   ENDED   31   DECEMBER   2022 –   SHORT   FORM
ANNOUNCEMENT

Johannesburg, Wednesday, 1 March 2023. Harmony Gold Mining Company Limited
(“Harmony” or “the Company”) is pleased to announce its financial and
operating results for the six-month period ended 31 December 2022 (“H1FY23”).

       36% increase in net profit to R1.9bn (US$108m) from R1.4bn (US$96m)
       6% increase in revenue to R23.3bn (US$1.3bn) from R22.0bn (US$1.5bn)
       7% increase in production profit to R5.4bn (US$313m) from R5.0bn
        (US$336m)
       Net debt to earnings before interest, taxes, depreciation and
        amortisation (“EBITDA”) increased to 0.6x from 0.1x due to the
        acquisition of Eva Copper in Northern Queensland, Australia
       18 % increase in headline earnings per share (HEPS) to 293 SA cents
        (17 US cents) from 248 SA cents (17 US cents)
       31% increase in earnings per share (EPS)to 298 SA cents (17 US cents)
        from 227 SA cents (16 US cents)
       No interim dividend was declared due to the allocation of capital
        towards near-term copper and growth projects (December 2021: 40 SA
        cents per share(approximately 2.7 US cents))

“Our strategy of allocating growth capital towards high-margin, long-life
assets has started to deliver the desired results. Excellent recovered
underground grades along with the strong rand-per-kilogram gold price have
provided Harmony with good tailwinds. Execution excellence and sustainable
mining practices will ensure that we achieve our annual production and cost
guidance for the 2023 financial year,” said Peter Steenkamp, chief executive
officer of Harmony.

Short form announcement:
This short-form announcement is the responsibility of the Board.

Shareholders are advised that this short-form announcement represents a
summary of the information contained in the full announcement (“results
booklet”) and does not contain full or complete details published on the
Stock Exchange News Service (“SENS”), via the JSE link and on Harmony’s
website (www.harmony.co.za) on 1 March 2023.

The financial results as contained in the condensed consolidated financial
statements for the six months ended 31 December 2022 have been reviewed by
PricewaterhouseCoopers Inc., who expressed an unmodified review conclusion
thereon.

Any investment decisions by investors and/or shareholders should be based on
a consideration of the full announcement as a whole and shareholders are
encouraged to review the results booklet, which is available for viewing on
the Company’s website referred to above and via the JSE link              at
https://senspdf.jse.co.za/documents/2023/jse/isse/HARE/HY23Result.pdf.

The results booklet is also available for inspection at the registered office
of the Company, Randfontein Office Park, Randfontein, 1760, Corner Main Reef
Road/Ward Avenue, Randfontein, and at the offices of the sponsors, J.P.
Morgan. Inspection of the results booklet is available to investors and/or
shareholders at no charge, during normal business hours from today, 1 March
2023, until 8 March 2028.


Copies of the results booklet may be requested from HarmonyIR@harmony.co.za


Ends.


For more details, contact:


Jared Coetzer
Head: Investor Relations
+27 (0)82 746 4120


Johannesburg, South Africa
1 March 2023


Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited