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 YEAR ENDED 30 JUNE 2023 – SHORT-FORM ANNOUNCEMENT

Harmony delivers an outstanding full-year operational performance with
strong cash flows; declares final dividend

Johannesburg. Wednesday, 30 August 2023. Harmony Gold Mining Company
Limited is pleased to announce its financial and operating results
for the year ended 30 June 2023 (FY23).

“Our investment in our people, quality ounces and operational
excellence continues to yield results. Over the past few years, we
have shown resilience and demonstrated our ability to deliver to plan.
We have created the necessary flexibility to maintain the strong
momentum we have built at our mines. Our cost base is stable and
predictable and we have implemented good controls ensuring our cost
increases are in line with our plans. We have improved our safety
performance and engineered a higher quality and diversified portfolio.
As a result of our operational consistency and strong free cash flows,
we have declared a full-year dividend of 75c per share, rewarding our
shareholders alongside our growth aspirations. What we achieved in
this financial year demonstrates we are succeeding in our goal of
‘Mining with Purpose’”, said Peter Steenkamp, chief executive officer
of Harmony.
Key highlights of FY23 are:

   Ongoing focus on proactive safety, with LTIFR now below 6.00 for
    2 consecutive years
   16% increase in revenue to R49 275m (US$2 774m) from R42 645m
    (US$2 804m)
   Production profit of R13 977m (US$787m), 46% increase from R9 546m
    (US$628m)
   Operating free cash flow of R6 031m (US$339m) increased >100% from
    R2 905m (US$191m)
   8% increase in underground recovered grade from 5.37g/t to 5.78g/t
   1% decrease in gold production to 45 651kg (1 467 715oz) from
    46 236kg (1 486 517oz)
   Net debt to EBITDA at 0.2x
   Total mineral resources and reserves to 137.8Moz and 39.3Moz
    respectively


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   Net profit of R4 883m (US$275m) compared to net loss of R1 012m
    (US$48m) in FY22
   30MW Phase 1 renewable energy programme has been commissioned
   HEPS increased by 60% to 800 SA cents (45 US cents) from a
    comparative headline earnings per share of 499 SA cents (33 US
    cents)
   EPS increased by >100% to earnings of 780 SA cents per share (44
    US cents) from a comparative loss per share of 172 SA cents (8 US
    cents)
   Final dividend of 75 SA cents (approximately 4.03 US cents) per
    ordinary share declared (June 2022: 22 SA cents (1.3 US cents

OPERATING RESULTS

                                       Year ended 30   Year ended 30      %
                                           June 2023       June 2022 change
Gold produced         Kg                      45 651         46 236   (1)
                      Oz                   1 467 715      1 486 517   (1)
Underground grade     g/t                       5.78           5.37    8
Gold price received   R/kg                 1 032 646        894 218   15
                      US$/oz                   1 808          1 829   (1)
Cash operating costs  R/kg                   735 634        701 024   (5)
                      US$/oz                   1 288          1 434   10
Total costs and       R/kg                   902 073        834 937   (8)
capital               US$/oz                   1 579          1 707    7
All-in sustaining     R/kg                   889 766        835 891   (6)
costs                 US$/oz                   1 558          1 709    9
Production profit     R million               13 977          9 546   46
                      US$ million                787            628   25
Average exchange rate R:US$                    17.76          15.21   17

FINANCIAL RESULTS

                                       Year ended 30   Year ended 30      %
                                           June 2023       June 2022 change
Basic earnings/(loss)      SA cents              780           (172) >100
per share                  US cents               44             (8) >100
Headline earnings          R million           4 941          3 055    62
                           US$                   277            199    39
Headline earnings per      SA cents
                           million               800            499    60
share                      US cents
                           million                45             33    36

FY24 group production and cost guidance


FY24 production guidance for the group is between 1 380 000 ounces to
1 480 000 ounces at an AISC of less than R975 000/kg. Underground
recovered grade for FY24 is guided at between 5.60g/t to 5.75g/t.


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Notice of Final Gross Cash Dividend

Our dividend declaration for the 12 months ended 30 June 2023 is as
follows:

Declaration of final gross cash ordinary dividend no. 93

The Board has approved, and notice is hereby       given, that a final
gross cash dividend of 75 SA cents (4.03 US       cents*) per ordinary
share in respect of the 12 months ended 30        June 2023, has been
declared payable to the registered shareholders   of Harmony on Monday,
16 October 2023.

In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the
JSE Listings Requirements the following additional information is
disclosed:

  • The dividend has been declared out of income reserves;
  • The local Dividend Withholding Tax rate is 20%;
  • The gross local dividend amount is 75.00000 SA cents (4.02592 US
    cents*) per ordinary share for shareholders exempt from the
    Dividend Withholding Tax;
  • The net local dividend amount is 60.00000 SA cents per ordinary
    share for shareholders liable to pay the Dividend Withholding Tax;
  • Harmony currently has 618 071 972 ordinary shares in issue (which
    includes 47 381 treasury shares); and
  • Harmony’s income tax reference number is 9240/012/60/0.


A dividend No. 93 of 75.00000 SA cents (4.02592 US cents*) per ordinary
share, being the dividend for the 12 months ended 30 June 2023, has
been declared payable on Monday, 16 October 2023 to those shareholders
recorded in the share register of the company at the close of business
on Friday, 13 October 2023. The dividend is declared in the currency
of the Republic of South Africa. Any change in address or dividend
instruction to apply to this dividend must be received by the company’s
transfer secretaries or registrar not later than Friday, 6 October
2023.

Dividends received by non-resident shareholders will be exempt from
income tax in terms of section 10(1)(k)(i) of the Income Tax Act. The
dividends withholding tax rate is 20%, accordingly, any dividend will
be subject to dividend withholding tax levied at a rate of 20%, unless
the rate is reduced in terms of any applicable agreement for the
avoidance of double taxation (DTA) between South Africa and the
country of residence of the shareholder.

Should dividend withholding tax be withheld at a rate of 20%, the net
dividend amount due to non-resident shareholders is 60.00000 SA cents


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per share. A reduced dividend withholding rate in terms of the
applicable DTA may only be relied on if the non-resident shareholder
has provided the following forms to their CSDP or broker, as the case
may be in respect of uncertificated shares or the company, in respect
of certificated shares:

(a) a declaration that the dividend is subject to a reduced rate as
    a result of the application of a DTA; and
(b) a written undertaking to inform the CSDP or broker, as the case
    may be, should the circumstances affecting the reduced rate
    change or the beneficial owner cease to be the beneficial owner,

both in the form prescribed by the Commissioner for the South African
Revenue Service. Non-resident shareholders are advised to contact
their CSDP or broker, as the case may be, to arrange for the
abovementioned documents to be submitted prior to the payment of the
distribution if such documents have not already been submitted.


In compliance with the requirements of Strate Proprietary Limited
(Strate) and the JSE Listings Requirements, the salient dates for
payment of the dividend are as follows:

Last date to trade ordinary shares
cum-dividend is                               Tuesday, 10 October 2023

Ordinary shares trade ex-dividend           Wednesday, 11 October 2023

Record date                                    Friday, 13 October 2023

Payment date                                   Monday, 16 October 2023



No dematerialisation or rematerialisation of share certificates may
occur between Wednesday, 11 October 2023 and Friday, 13 October 2023
both dates inclusive, nor may any transfers between registers take
place during this period.

On payment date, dividends due to holders of certificated securities
on the SA share register will either be electronically transferred to
such shareholders' bank accounts or, in the absence of suitable
mandates, dividends will be held in escrow by Harmony until suitable
mandates are received to electronically transfer dividends to such
shareholders.

Dividends in respect of dematerialised shareholdings will be credited
to such shareholders' accounts with the relevant Central Securities
Depository Participant (CSDP) or broker.




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 The holders of American Depositary Receipts (ADRs) should confirm
 dividend details with the depository bank. Assuming an exchange rate
 of R18.63/US$1* the dividend payable on an ADR is equivalent to 4.02592
 US cents for ADR holders before dividend tax. However, the actual rate
 of payment will depend on the exchange rate on the date for currency
 conversion.

* Based on an exchange rate of R18.63/US$1 at 25 August 2023. However,
  the actual rate of payment will depend on the exchange rate on the
  date for currency conversion.

 Short-form announcement

 This short-form announcement is the responsibility of the board of
 directors of the Company.

 Shareholders are advised that this short-form announcement represents
 a summary of the information contained in the full financial results
 (results booklet) and does not contain full or complete details
 published on the Stock Exchange News Service, via the JSE cloudlink
 at    https://senspdf.jse.co.za/documents/2023/jse/isse/HARE/FY23result.pdf
 and on Harmony’s website (www.harmony.co.za) on 30 August 2023.

 The financial results as contained in the condensed consolidated
 financial statements for the financial year ended 30 June 2023, from
 which this short-form announcement has been correctly extracted, 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 results booklet as a whole and
 shareholders are encouraged to review the results booklet, which is
 available for viewing on the Company’s website and the JSE cloudlink,
 referred to above.

 Ends.


 For more details, contact:

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

 Johannesburg, South Africa

 30 August 2023

 Sponsor:

 J.P. Morgan Equities South Africa Proprietary Limited

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