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

Pre-close update: Harmony anticipates to meet annual guidance for FY 2023 with
strong production performance and higher recovered grades

Johannesburg, Thursday, 22 June 2023. Peter Steenkamp, chief executive officer
of Harmony Gold Mining Company Limited (“Harmony” and/or the “Company”),
reflects on the Company’s past financial year, which ends on 30 June 2023
(“FY23”).

I am pleased to report that Harmony anticipates meeting its production and
cost guidance and surpassing our guidance on underground recovered grades in
FY23.

We continue to deliver excellent underground-recovered grades from our South
African operations, underpinned by a phenomenal performance from Mponeng. As
a result, underground recovered grades will be higher than the guided 5.6g/t
for FY23. As anticipated, recovered grades at Hidden Valley also improved in
the fourth quarter. Therefore, production for the group will be towards the
upper end of FY23 guidance of between 1 400 000 and 1 500 000 ounces whilst
all-in-sustaining costs have remained comfortably below R900 000/kg, as
guided, for this financial year.

Health and safety remain our number one priority and we strive to ensure the
continued well-being of our people and our host communities. Our safety
transformation journey is yielding positive results. We are on track to
achieve seven consecutive quarters with the lost time injury frequency rate
below 6.00 per 1 million hours worked. However, more still needs to be done
to ensure that every employee returns home safely every single day.

We have maintained a robust and flexible balance sheet as we continue into
the second year of our higher capital expenditure programme in line with our
growth ambitions. This growth programme will improve the quality of our ounces
by allocating necessary capital towards our higher-grade underground mines
and higher-margin surface and international operations.

In addition, we are purposefully allocating capital towards those projects
that further our sustainable development commitments. These projects include
our comprehensive renewable energy programme of which the construction of
Phase 1 is now complete.

During the year we continued to grow our surface retreatment operations and
advanced our investment in copper, a future-facing metal, through the
successful acquisition of the Eva Copper project in Australia. Harmony also
continues to advance the Tier 1 Wafi-Golpu copper-gold project, one of the
largest copper-gold block cave projects globally, which represents
approximately 40% of our Mineral Reserves. The signing of the framework
memorandum of understanding with the Government of Papua New Guinea in April
2023 was a significant step forward towards securing the Mining Development
Contract and Special Mining Lease for Wafi-Golpu. Together, Eva and Wafi-
Golpu provide an enviable global copper growth platform that, once developed,
will deliver meaningful copper production into the critical minerals supply
chain for decades to come.

Harmony has seen a remarkable and transformative improvement in asset quality
through its series of value-accretive acquisitions and targeted capital
expenditure programmes over the past five years. I am proud of what we have
achieved this financial year and I believe that we have a solid foundation
with strong momentum heading into the new financial year.

Our ongoing commitment to produce safe, profitable ounces and improve margins
through operational excellence, value-accretive acquisitions and targeted
capital expenditure programmes is perfectly encapsulated through ‘Mining with
Purpose’.

The financial information on which this operational guidance is based, has
not been reviewed or reported on by the Company’s external auditors.

For more details, contact:

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

JSE Sponsor:
J.P. Morgan Equities South Africa Propriety Limited