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 2022 – SHORT-FORM ANNOUNCEMENT

Johannesburg. Tuesday, 30 August 2022. Harmony Gold Mining Company
Limited is pleased to announce its financial and operating results
for the year ended 30 June 2022 (FY22).

   2% increase in revenue to R42 645m (US$2 804m) from R41 733m
    (US$2 710m)
   Production profit of R9 546m (US$628m), down 20% from R11 958m
    (US$777m)
   Net debt to EBITDA stable at 0.1x
   3% decrease in underground recovered grade to 5.37g/t from 5.51g/t
   3% decrease in gold production to 46 236kg (1 486 517oz) from
    47 755kg (1 535 352oz)
   6% decrease in total mineral resources and reserves to 132.6Moz and
    39.8Moz respectively
   Operating free cash flow of R2 905m (US$191m) decreased by 55%
    from R6 528m (US$424m)
   Net loss of R1 012m (US$48m) after net profit decreased by 120%
    from R5 124m (US$326m)
   Ongoing focus on safety with LTIFR now below 6.00 for 3
    consecutive quarters
   Commenced the 30MW Phase 1 renewable energy programme
   HEPS decreased by 49% to 499 SA cents (33 US cents) from a
    comparative headline earnings per share of 987 SA cents (64 US
    cents)
   EPS decreased by 120% to a loss of 172 SA cents (8 US cents) from
    a comparative earnings per share of 842 SA cents (54 US cents)
   Interim dividend declared and paid during FY22 of 40 SA cents (2.7
    US cents) per ordinary share (June 2021: 110 SA cents (7.7 US
    cents))
   Final dividend of 22 SA cents (approximately 1.3 US cents) per
    ordinary share declared (June 2021: 27 SA cents (1.8 US cents))




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OPERATING RESULTS


                                      Year ended 30    Year ended 30       %
                                          June 2022        June 2021 change
Gold produced         Kg                    46 236           47 755    (3)
                      Oz                 1 486 517        1 535 352    (3)
Underground grade     g/t                     5.37             5.51    (3)
Gold price received   R/kg                 894 218          851 045     5
                      US$/oz                 1 829            1 719     6
Cash operating costs  R/kg                 701 024          600 592   (17)
                      US$/oz                 1 434            1 213   (18)
Total costs and       R/kg                 834 937          707 445   (18)
capital               US$/oz                 1 707            1 429   (19)
All-in sustaining     R/kg                 835 891          723 054   (16)
costs                 US$/oz                 1 709            1 460   (17)
Production profit     R million              9 546           11 958   (20)
                      US$ million              628              777   (19)
Average exchange rate R:US$                  15.21            15.40    (1)


FINANCIAL RESULTS


                                       Year ended 30   Year ended 30      %
                                           June 2022       June 2021 change
Basic earnings/(loss)     SA cents             (172)             842 <(100)
per share                 US cents               (8)              54 <(100)
Headline earnings         R million           3 055            5 959   (49)
                          US$                   199              387   (49)
Headline earnings per     SA cents
                          million               499              987   (49)
share                     US cents
                          million                33               64   (49)


FY23 group production and cost guidance


Production guidance for FY23 is estimated to be between 1.4Moz and
1.5Moz at an all-in sustaining cost of below R900 000/kg. Underground
recovered grade is planned to be about 5.45g/t to 5.60g/t.

“The solid platform we have built has placed Harmony in a strong
position to deliver operationally. We have a clear strategy to
prioritise capital for high-grade and high-margin projects that will
generate the best possible returns, ensuring we meet our long-term
objectives. Delivering meaningful returns to our shareholders while
at the same time effecting positive change and maintaining the trust
of all of our stakeholders is what we call 'Mining with Purpose'.”




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Notice of Final Gross Cash Dividend

Our dividend declaration for the 12 months ended 30 June 2022 is as
follows:

Declaration of final gross cash ordinary dividend no. 92

The Board has approved, and notice is hereby given, that a final
gross cash dividend of 22 SA cents (1.3 US cents*) per ordinary share
in respect of the 12 months ended 30 June 2022, has been declared
payable to the registered shareholders of Harmony on Monday, 17
October 2022.

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 22.00000 SA cents(1.31274 US
    cents*) per ordinary share for shareholders exempt from the
    Dividend Withholding Tax;
  • The net local dividend amount is 17.60000 SA cents per ordinary
    share for shareholders liable to pay the Dividend Withholding Tax;
  • Harmony currently has 616 525 702 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. 92 of 22.00000 SA cents (1.31274 US cents*) per ordinary
share, being the dividend for the 12 months ended 30 June 2022, has
been declared payable on Monday, 17 October 2022 to those shareholders
recorded in the share register of the company at the close of business
on Friday, 14 October 2022. 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, 7 October
2022.

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 17.60000 SA cents


                                                                      3
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, 11 October 2022

Ordinary shares trade ex-dividend           Wednesday, 12 October 2022

Record date                                    Friday, 14 October 2022

Payment date                                   Monday, 17 October 2022



No dematerialisation or rematerialisation of share certificates may
occur between Wednesday, 12 October 2022 and Friday, 14 October 2022
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.




                                                                    4
 The holders of American Depositary Receipts (ADRs) should confirm
 dividend details with the depository bank. Assuming an exchange rate
 of R16.76/US$1* the dividend payable on an ADR is equivalent to 1.31274
 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 R16.76/US$1 at 25 August 2022. 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 announcement
 (results booklet) and does not contain full or complete details
 published on the Stock Exchange News Service, via the JSE link at
 https://senspdf.jse.co.za/documents/2022/jse/isse/HARE/FY22result.pdf and
 on Harmony’s website (www.harmony.co.za) on 30 August 2022.

 The financial results as contained in the condensed consolidated
 financial statements for the financial year ended 30 June 2022, 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 booklets 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 link,
 referred to above.

 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, by emailing
 HarmonyIR@harmony.co.za and at the offices of the sponsors, JP Morgan.
 Inspection of the full announcement is available to investors and/or
 shareholders at no charge, during normal business hours from today,
 30 August 2022, together with the aforementioned review report by the
 Company’s external auditors.




 Ends.

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For more details, contact:

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

Johannesburg, South Africa

30 August 2022



Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited




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