Harmony Gold Mining Company Limited has concluded a three-year wage agreement ("wage agreement") in respect of wages and conditions of service for the period 1 July 2021 to 30 June 2024. The wage agreement was agreed with the following labour unions: The Association of Mineworkers and Construction Union (AMCU), the Coalition (comprising The National Union of Mineworkers (NUM), United Association of South Africa (UASA) and Solidarity) and The National Union of Metalworkers of South Africa (NUMSA). The agreement allows for the following wage increases: Category 4 to 8 employees will receive a wage increase of ZAR 1,000 for each year of the wage agreement. This translates to an average increase of 8.4% for employees across these categories. Miners, Artisans and Officials will receive a wage increase of 6% of their basic wage for each year of the agreement. The total average wage increase negotiated is 7.8% in year 1, 7.4% in year 2 and 7.0% in year 3. 98% of Harmony employees are part of the bargaining unit covered by this wage agreement. In addition to the basic wage increases mentioned above, the parties have agreed to the following benefits: As part of Harmony's drive to promote home ownership, a housing allowance will be introduced for the benefit of employees who choose to purchase a residence or who have already entered into bond agreements. The housing allowance will be ZAR 2,750 in year 1 and increase incrementally each year up to a maximum value of ZAR 3,240 in year 3. Employees not eligible for the housing allowance will receive a living-out allowance of ZAR 2,500 in year 1, which will increase by ZAR 100 in year 2 and in year 3 respectively. All employees will be eligible for either a housing allowance or a living-out allowance, but not both. A number of non-wage related and process issues have been agreed to, including: maternity and paternal leave; medical incapacity and medical aid benefits.