HARMONY IN BRIEF

Scope of this report Strategy Corporate profile Key features 2011 Key statistics 2011 Materials issues South African Mining Charter scorecard Value-added statements Our company at a glance Risk table Board of directors Executive management

ANNUAL REVIEWS

Chairman's letter Chief executive officer's review Financial director's review Independant assurance report

OPERATIONAL REVIEW

Introduction   Build-up operations   Doornkop   Kusasalethu   Phakisa   Hidden Valley   Target   Steady-state operations   Tshepong   Masimong   Evander     Other South African operations   Bambanani   Virginia   Joel       Surface operations   Kalgold   Free State surface operations   Exploration overview Mineral resources and mineral reserves Mineral resource and reserve Harmony's South African and Papua New Guinea assets Relationship between Harmony's mineral resources amd mineral reserves according to the SAMREC code Mineral resources statement (metric) Mineral resources statement (imperial) Mineral reserves statement (metric) Mineral reserves statement (imperial) Location of mining operations Freestate operations Doornkop Kusasalethu Evander Kalgold Papua New Guinea Grade tonnage curves Glossary of geological terms

GOVERNANCE AND RISK

Corporate governance Risk management Remuneration report

FINANCIAL REVIEW

Company secretary certification Directors’ report Audit committee report Independent auditors’ report Group annual financial statements Group income statements Group statements of comprehensive income Group balance sheets Group statements of changes in shareholders’ equity Group cash flow statements Notes to the group financial statements Company annual financial statements Company income statements Company statements of comprehensive income Company balance sheets Company statements of changes in shareholders’ equity Company cash flow statements Notes to the company financial statements Annexure A Investor relations Glossary of terms Directorate and administration

AGM

Company Information Notice of Annual General Meeting Explanatory notes Annexure 1 Form of proxy Directions