GFI 201603290006A
Development agreement concluded in Ghana

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


Development agreement concluded in Ghana


Johannesburg, 29 March 2016: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) is pleased to announce that it has concluded a
development agreement with the Government of Ghana for both the
Tarkwa and Damang mines. The highlights of the agreement include:

-   A reduction in the corporate tax rate from 35.0% to 32.5%,
    effective 17 March 2016.
-   A change in the royalty rate from a flat 5% of revenue to a
    sliding scale royalty based on the gold price (as per table
    below), with effect from 1 January 2017.

       Royalty rate              Gold price
3.0%                               US$0 - 1,300/oz
3.5%                        US$1,300 - 1,449.99/oz
4.0%                        US$1,450 - 2,299.99/oz
5.0%                       US$2,300/oz - unlimited

The term of the agreement, effective from 17 March 2016, will be for
a period of 11 years for Tarkwa and nine years for Damang, each
renewable for an additional five years.

Ghana continues to be a key region for Gold Fields and we commend
the Government of Ghana for creating a fair and competitive
environment in the country.


Enquiries

Investors

Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.co.za

Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.co.za

                                ends
Notes to editors

About Gold Fields

Gold Fields Limited is an unhedged, globally diversified producer of
gold with eight operating mines in Australia, Ghana, Peru and South
Africa with attributable annual gold production of approximately 2.2
million ounces. It has attributable Mineral Reserves of around 48
million ounces and Mineral Resources of around 108 million ounces.
Attributable copper Mineral Reserves total 620 million pounds and
Mineral Resources 6,873 million pounds. Gold Fields has a primary
listing on the JSE Limited, with secondary listings on the New York
Stock Exchange (NYSE) and the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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