Harmony Gold Mining Company Limited provided earnings guidance for the first half ended December 31, 2023. for the half year, the company expects that a reasonable degree of certainty exists that basic earnings will be higher than for first half 2023 primarily due to an increased gross profit as a result of higher recovered grades, an increase in gold production and a higher average gold price received. In addition, an increase in the production of silver and uranium at the Hidden Valley and Moab Khotsong operations respectively, coupled with a meaningful increase in the average prices received for both commodities also contributed to a better performance.

The increase in earnings was partially offset by the following: · an increase in production costs due to inflationary increases in labour and electricity costs as planned, and higher royalty taxes driven by an increase in revenue and profitability · an increase in amortisation and depreciation as a result of higher depreciation recognised for Hidden Valley's stripping activities additional exploration expenditure incurred for the execution of an updated feasibility study of the Eva Copper project an increase in the current taxation due to higher taxable income resulting from favourable gold prices and an increase in gold sold Consequently, earnings per share are expected to be between 937 and 976 South African cents per share, which is an increase of more than 100% on the EPS of 298 South African cents per share for the previous comparable period. In United States dollar terms, the EPS are expected to be between 50 and 52 US cents per share, which is an increase of more than 100% on the EPS of 17 US cents per share reported for the previous comparable period.