UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

For 09 February 2015

Johannesburg: Monday, 9 February 2015: Harmony Gold Mining Company Limited

(‘Harmony’ and/or ‘the Company’) is pleased to advise that its South African operations

reported a fatal-free quarter. The majority of its operations performed in line with their

production plans and underground grade remained consistent quarter on quarter.

“In the current environment of volatile gold prices and possible deflationary trends, we are

focused – more than ever – on cost control and cash generation at existing operations. In

addition, shareholder value is created through investing in Golpu, securing a sustainable,

profitable future for Harmony”, said Graham Briggs, chief executive officer.

The results of the updated Golpu prefeasibility study (PFS) were announced on the 15th of

December 2014. Please refer to Harmony’s website for more details: www harmony.co.za. The

updated PFS supports the Company’s view that Golpu is a spectacular ore body with a large

copper component, affordable and mineable. Harmony’s emphasis in preparing the PFS was

to create flexibility to allow the size of the project to adapt to different levels of gold and copper

prices, allowing Golpu to grow over time.

Mr Briggs added : “Key objectives of the study have been achieved by reducing the capital of

the project, lowering operating costs and improving the rate of return. Harmony intends to fund

the earlier stages of the project from internal cash flows, and reviewing other funding options

for the latter stages. The Golpu project is a significant value accretive game-changer for

Harmony.”

Revenue decreased by R716 million (16%) to R3 715 million as a result of the 14% decrease

in gold sold to 8 580kg and a 2% decrease in the Rand gold price received to R432 963/kg in

the December 2014 quarter. Lower gold production quarter on quarter and a lower gold price

resulted in a decrease in production profit to R618 million in the December 2014 quarter,

compared to R913 million in the previous quarter.

Harmony embarked on a life-of-mine optimisation process which was completed during the December 2014 quarter. The

optimisation resulted in a greater focus on mining profitable and higher grade areas at its South African operations. It also

resulted in removing lower grade and unprofitable areas from the mine plan for most of the operations. The optimisation

resulted in the abandonment of levels and areas with a carrying value at Kusasalethu (R214 million) and Masimong (R216

million) and such areas were accordingly identified for scrapping. The decision to restructure and optimise its operations,

will contribute to a more profitable Harmony in the future.

Cash operating cost for the December 2014 quarter improved (decreased) by 10% when compared to the previous quarter.

The decrease is due to lower electricity tariffs for the summer months, amounting to R200 million. Labour cost also

decreased by R63 million in the December 2014 quarter. A headline loss of R496 million was recorded, due to lower

production and restructuring costs.

Gold production during the March 2015 quarter is expected to be higher once Kusasalethu’s restructuring is finalised and

Hidden Valley returns to full production, positioning our operations to benefit from higher gold prices.

Please refer to http://www.harmony.co.za/investors for details of our live presentation, dial-in and webcast information for

today’s results’ presentation and to download the quarterly booklet and presentation in support of our presentation, webcast

and calls.

end.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused

this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: February 09, 2015

Harmony Gold Mining Company Limited

By:

/s/ Frank Abbott