GOLD FIELDS LIMITED - Restructuring of Gold Fields21 Aug 2013
GFI 201308210034A
Restructuring of Gold Fields board to reflect new strategic direction

Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
(“Gold Fields” or “the Company”)

JSE, NYSE, DIFX Share Code: GFI
ISIN Code:     ZAE000018123

Restructuring of Gold Fields board to reflect new
strategic direction

The Chair of Gold Fields Limited (the Company), Ms Cheryl
Carolus, announces that following a review of the composition of
the Board of Directors, in light of the Company's new strategic
direction (including the unbundling of Sibanye Gold Limited to
shareholders earlier this year) and the challenges presented by
the current low gold price and high cost operating environment,
the Board has decided to reduce the number of directors from
twelve to nine.

Following discussions with the Board and the Nominating and
Governance Committee, Messrs Delfin Lazaro, Roberto Dañino and
Rupert Pennant-Rea volunteered to resign as non-executive
directors and have agreed to step down from the Board with
immediate effect.

On behalf of the Board, the Chair would like to express
appreciation for the time and effort that each of the departing
non-executive directors has put into the Company for the benefit
of all its stakeholders. Messrs Pennant-Rea and Dañino acted as
the Chairs of the Remuneration Committee and Social and Ethics
Committee respectively. Mr Lazaro has done an admirable job in
representing the Company's interests in the Philippines and he
will continue to do so following his resignation.      We greatly
appreciate that each of our departing non-executive directors has
sought to bring their experience and expertise to a range of
matters over the time they have been with the Company.

The Chair announces that non-executive director Mr Donald Ncube
will assume the role of the Chair of the Social and Ethics
Committee and non-executive director Mr Alan Hill will assume the
role of the Chair of the Remuneration Committee.

The   Board  believes   that its   new  composition  will  more
appropriately reflect the needs of the Company and is confident
that it will continue to be able to perform its duties for the
benefit of all stakeholders.

21 May 2013
Sponsor:
JP Morgan Equities South Africa (Pty) Ltd

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