Statement re Withdrawal of Cautionary Announcement

Anglovaal Mining Limited

(Incorporated in the Republic of South Africa)

(Registration number 1933/004580/06)

Share code: AIN ISIN: ZAE000017141

('Avmin')

Harmony Gold Mining Company Limited

(Incorporated in the Republic of South Africa)

(Registration number 1950/038232/06)

Share code: HAR ISIN: ZAE000015228

('Harmony')

African Rainbow Minerals & Exploration

Investments (Proprietary) Limited

(Incorporated in the Republic of South Africa)

(Registration number 1997/020158/07)

('ARMI')

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders of Avmin and Harmony are referred to the detailed joint cautionary
announcement dated 13 November 2003 regarding a range of indivisible
transactions involving Avmin, Harmony and ARMI, as well as to the financial
effects and further cautionary announcements dated 19 December 2003 and 30
January 2004, respectively.

Shareholders are advised that the requisite legal agreements have been
finalised and that although the implementation of the transactions remain
subject to the receipt of the requisite regulatory and shareholder approvals,
shareholders of Avmin and Harmony are no longer required to exercise caution in
their dealings in their securities with respect thereto.

Avmin shareholders are also referred to the trading update and cautionary
announcement dated 27 November 2003 and are advised to continue to exercise
caution in their share dealings until the release of the interim results for
the half-year to 31 December 2003, on 11 March 2004.

A circular to Avmin shareholders setting out full details of the transaction
and containing a notice of general meeting is being prepared and will be posted
to shareholders in due course.

Johannesburg

17 February 2004

Financial adviser and sponsor to Avmin

Deutsche Securities

Member of the Deutsche Bank Group

Attorneys to Avmin

Deneys Reitz Attorney

Financial adviser and sponsor to Harmony and joint financial adviser to ARMI

JPMorgan

Attorneys to Harmony

Cliffe Dekker

Joint financial adviser to ARMI

Nedbank Corporate

Attorneys to ARMI

Bowman Gilfillan