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Related parties  

None of the directors or major shareholders of Harmony or, to the knowledge of Harmony, their families, had interest, direct or indirectly, in any transaction since 1 July 2009 or in any proposed transaction that has affected or will materially affect Harmony or its subsidiaries, other than as stated below.  

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the group, directly or indirectly, including any director (whether executive or otherwise) of the group. Directors’ and executive management’s remuneration is fully disclosed in the remuneration report included on pages 199 to 201.  

African Rainbow Minerals Limited (ARM) currently holds 14.8% of Harmony’s shares. Patrice Motsepe, Andre Wilkens, Joaquim Chissano and Frank Abbott are directors of ARM.  

Harmony currently holds 40% of the shares of Rand Uranium. Graham Briggs, Hannes Meyer and Alwyn Pretorius are directors of Rand Uranium. Dr Simo Lushaba is a member of the Rand Uranium Investment Committee. During 2010 and 2011, Fikile de Buck served as a director and a member of the audit committee until 17 May 2011.  

A list of the major shareholders can be found on page 332.  

A list of the company’s subsidiaries, associates and joint ventures has been included in Annexure A.