Settlement of US Class Action
08 Août 2011 - 12:00PM
UK Regulatory
TIDMHRM
HARMONY GOLD MINING COMPANY LIMITED
PRESS RELEASE
Settlement of US class action against Harmony, subject to final court approval
Johannesburg, 8 August 2011: Harmony Gold Mining Company Limited (Harmony) is
pleased to announce that it has reached a mutually acceptable settlement with
the lead plaintiff in the class action filed against it in the United States
(US) District Court for the Southern District of New York in May 2008. The
settlement requires final approval from the court on or after a hearing
scheduled for the 10th of November 2011 and no assurance can be given that the
settlement will ultimately be approved.
Harmony did not admit to any liability in connection with the proposed
settlement and, if finally approved, the settlement will result in the
dismissal of all claims against Harmony.
The class action was instituted against Harmony on the basis of alleged losses
suffered by investors in certain securities traded in US securities markets
during the alleged class period (25 April 2007 to and through 7 August 2007).
Graham Briggs, chief executive officer, commented that: "A mediated settlement
process was followed to avoid protracted and expensive litigation. Management
will continue to focus on what is important - producing safe, profitable ounces
and report its results in a transparent and responsible manner."
ends.
8 August 2011
For more details contact:
Marian van der Walt
Executive: Corporate and Investor Relations
+27 82 888 1242(mobile)
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE: HAR
NYSE: HMY
ISIN No.: ZAE000015228
Registration number: 1950/038232/06
END
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