S&P Emerging Markets Database Index Announcement - South Africa- Harmony Gold Mining Ltd. & Avgold Ltd. Merger (Eff. May 25, 2004)

Avgold Ltd. (EMDB Code 696185.1/ SEDOL 6049933), a constituent of the S&P/IFCG and S&P/IFCI index, is being acquired by Harmony Gold Mining Ltd. (EMDB Code 696338.1/SEDOL 6410562), an existing S&P/IFCG and S&P/IFCI index constituent, on May 25, 2004. As a result of this merger, shareholders of Avgold Ltd. will receive .1000 Harmony Gold Mining Ltd. shares for each Avgold Ltd. share held. On May 25, 2004 S&P/EMDB will remove Avgold Ltd. from index coverage while increasing the number of shares outstanding of Harmony Ltd. by 68.1349 million shares via a new issue. The investable weight factor of Harmony Ltd. will remain at 1.