HARMONY GOLD MINING COMPANY LIMITED - Harmony reduces funding costs and strengthens liquidity through oversubscribed multi-currency syndicated facilities

Harmony reduces funding costs and strengthens liquidity through oversubscribed multi-currency syndicated facilities

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

Harmony   reduces  funding   costs   and   strengthens   liquidity   through
oversubscribed multi-currency syndicated facilities

Johannesburg. Tuesday, 28 July 2026. Harmony Gold Mining Company Limited
("Harmony" and/or "the Company") announces that it has concluded new
syndicated    multi-tranche,   multi-currency   loan   facilities   ("the
transaction"), comprising US$500 million, A$500 million and R7 billion as
set out below.

The transaction reduces Harmony's funding costs relative to the refinanced
facilities, extends its maturity profile and strengthens liquidity, while
demonstrating strong support from the banking market.

The facilities will be used, in part, to refinance Harmony's existing US$
and Rand syndicated facilities entered into in 2022, to refinance the MAC
Copper acquisition bridge facility, and to support general corporate
purposes.

"The successful conclusion of these facilities reduces Harmony's funding
costs, strengthens liquidity and optimises our capital structure," said
Beyers Nel, chief executive officer of Harmony. "Importantly, the transaction
extends our maturity profile and provides funding capacity in the currencies
most relevant to our growth pipeline. This ensures that our balance sheet
remains well-positioned to support disciplined investment in our strategic
growth objectives while creating sustainable value for our stakeholders."

Harmony has introduced Australian dollar-denominated funding, reflecting the
evolution of its asset portfolio following the acquisition of MAC Copper
(total transaction value of about US$1.25 billion) and the development of
the Eva Copper Project (about US$1.55 to US$1.75 billion). As the Group
builds a meaningful Australian copper business alongside its South African
gold operations, this funding structure improves financial flexibility,
enhances the alignment between funding sources and underlying assets, and
supports the disciplined execution of Harmony's long-term growth strategy.

Citi and Nedbank Limited (acting through its Nedbank Corporate and Investment
Banking Division) (Nedbank) acted as joint global coordinators and mandated
lead arrangers on the refinancing. The financing attracted strong support
from the banking market, with approximately 93% lender participation and
commitments totalling around three times the targeted amount. The significant
oversubscription reflects the strength of lender confidence in Harmony and
resulted in a substantial scale-back of commitments.

The syndicated, multi-currency, multi-tranche loan facilities include the
following components:

 Facility                           RCF1                RCF          Term            RCF              Term

 Currency                           USD                 AUD          AUD             ZAR               ZAR

 Amount (million)                   500                 250          250            4 000            3 000

 Base Rate                         SOFR2               BBSY3         BBSY         ZARONIA4         ZARONIA

 Initial Margin                     220                 220          250             200               220

 Term                             3 Years + 2 one-year extension options                          6.5 years

 Sustainability                                               SLL5                               Green loan
1 Revolving credit facility; 2 Secured Overnight Financing Rate; 3 Bank Bill Swap Bid Rate; 4 South African Rand
Overnight Index Average; 5 Sustainability-linked loan

The four sustainability-linked loans have an original term to maturity of
three years and include two one-year extension options, which could extend
the final maturity date by a further two years.

These loans align with the Company's Environmental, Social and Governance
(ESG) and sustainable development targets. As part of the transaction,
Harmony and the lending group have agreed on progressive sustainability
targets, or key performance indicators ("KPIs"), over the next three
financial years:

KPI 1: Renewable energy – cumulative renewable electricity installed capacity
KPI 2: Potable water consumption – reduction in potable water consumption
from external sources
KPI 3: Mine community development spend – additional annual expenditure on
committed mine community development initiatives

If the KPIs are met, Harmony will receive a margin reduction of up to 5 basis
points, while a similar margin increase will apply if all targets are missed.
The transaction does not result in any changes to Harmony's debt covenants.

The successful refinancing further reinforces Harmony's liquidity position,
enhances funding efficiency and supports the disciplined execution of the
Company's strategic priorities. The transaction also reflects continued
confidence from Harmony's lending group and preserves a prudent capital
structure as the Company advances its long-term growth objectives.

For more details, contact:

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

28 July 2026

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
FORWARD-LOOKING STATEMENTS

This market release contains forward-looking statements within the meaning of
the safe harbour provided by Section 21E of the Exchange Act and Section 27A of
the Securities Act of 1933, as amended (the "Securities Act"), with respect to
our financial condition, results of operations, business strategies, operating
efficiencies, competitive positions, growth opportunities for existing services,
plans and objectives of management, markets for stock and other matters.

These forward-looking statements, including, among others, those relating to our
future business prospects, revenues, and the potential benefit of acquisitions
(including statements regarding growth and cost savings) wherever they may occur
in this market release, are necessarily estimates reflecting the best judgement
of our senior management and involve a number of risks and uncertainties that
could cause actual results to differ materially from those suggested by the
forward-looking statements. As a consequence, these forward-looking statements
should be considered in light of various important factors, including those set
forth in this market release.

By their nature, forward-looking statements involve risk and uncertainty because
they relate to future events and circumstances and should be considered in light
of various important factors, including those set forth in this disclaimer.
Readers are cautioned not to place undue reliance on such statements. Important
factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include, without
limitation: overall economic and business conditions in South Africa, Papua New
Guinea, Australia and elsewhere; the impact from, and measures taken to address,
Covid-19 and other contagious diseases, such as HIV and tuberculosis; high and
rising inflation, supply chain issues, volatile commodity costs and other
inflationary pressures exacerbated by the Russian invasion of Ukraine and
subsequent sanctions; estimates of future earnings, and the sensitivity of
earnings to gold and other metals prices; estimates of future gold and other
metals production and sales; estimates of future cash costs; estimates of future
cash flows, and the sensitivity of cash flows to gold and other metals prices;
estimates of provision for silicosis settlement; increasing regulation of
environmental and sustainability matters such as greenhouse gas emission and
climate change, and the impact of climate change on our operations; estimates
of future tax liabilities under the Carbon Tax Act (South Africa); statements
regarding future debt repayments; estimates of future capital expenditures; the
success of our business strategy, exploration and development activities and
other initiatives; future financial position, plans, strategies, objectives,
capital expenditures, projected costs and anticipated cost savings and financing
plans; estimates of reserves statements regarding future exploration results and
the replacement of reserves; the ability to achieve anticipated efficiencies and
other cost-savings in connection with past and future acquisitions, as well as
at existing operations; fluctuations in the market price of gold and other
metals; the occurrence of hazards associated with underground and surface gold
mining; the occurrence of labour disruptions related to industrial action or
health and safety incidents; power cost increases as well as power stoppages,
fluctuations and usage constraints; ageing infrastructure, unplanned breakdowns
and stoppages that may delay production, increase costs and industrial accidents;
supply chain shortages and increases in the prices of production imports and the
availability, terms and deployment of capital; our ability to hire and retain
senior management, sufficiently technically-skilled employees, as well as our
ability to achieve sufficient representation of historically disadvantaged
persons in management positions or sufficient gender diversity in management
positions or at Board level; our ability to comply with requirements that we
operate in a sustainable manner and provide benefits to affected communities;
potential liabilities related to occupational health diseases; changes in
government regulation and the political environment, particularly tax and
royalties, mining rights, health, safety, environmental regulation and business
ownership including any interpretation thereof; court decisions affecting the
mining industry, including, without limitation, regarding the interpretation of
mining rights; our ability to protect our information technology and
communication systems and the personal data we retain; risks related to the
failure of internal controls; our ability to meet our environmental, social and
corporate governance targets; the outcome of pending or future litigation or
regulatory proceedings; fluctuations in exchange rates and currency devaluations
and other macroeconomic monetary policies, as well as the impact of South African
exchange control regulations; the adequacy of the Group's insurance coverage;
any further downgrade of South Africa's credit rating and socio-economic or
political instability in South Africa, Papua New Guinea, Australia and other
countries in which we operate; changes in technical and economic assumptions
underlying our mineral reserves estimates; geotechnical challenges due to the
ageing of certain mines and a trend toward mining deeper pits and more complex,
often deeper underground, deposits; and actual or alleged breach or breaches in
governance processes, fraud, bribery or corruption at our operations that leads
to censure, penalties or negative reputational impacts.

The foregoing factors and others described under "Risk Factors" in our Integrated
Annual Report (www.har.co.za) and our Form 20-F should not be construed as
exhaustive. We undertake no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or circumstances
after the date of this market release or to reflect the occurrence of
unanticipated events, except as required by law. All subsequent written or oral
forward-looking statements attributable to Harmony or any person acting on its
behalf, are qualified by the cautionary statements herein. Any forward-looking
information included in this market release is the sole responsibility of the
Board.

Date: 28-07-2026 08:00:00
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