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New bonds issued – US$1bn raised

Thursday, 9 May 2019

Johannesburg, 9 May 2019: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce that it has successfully concluded the raising of two new bonds – a US$500m 5-year bond with a coupon of 5.125% and a US$500m 10-year bond with a coupon of 6.125% - raising a total of US$1bn at an average coupon of 5.625%. The final combined book for the bond issues was in excess of US$3bn.

The proceeds of the raising will be used to repay amounts outstanding under the US$1,290m Credit Facilities Agreement and refinance or repurchase certain other existing indebtedness, or for general corporate purposes.

In conjunction with the issuance, and as part of the use of proceeds, Gold Fields yesterday also announced a tender offer for up to US$250m of the outstanding 4.875% 2020 bonds at a price of 102%.

As published in our 2018 Integrated Annual Report, one of Gold Fields financial targets in its 2019 Balanced Scorecard is to improve the liquidity and profile of the Group’s debt. This entails both reducing net debt and extending the maturity of the debt profile. The bond issue extends and spreads out the maturity of the debt profile.

DISCLAIMER

This announcement does not constitute or form part of any offer to sell or a solicitation of an offer to buy any securities in the U.S. or any other jurisdiction. This announcement does not constitute a prospectus or other offering document. No securities have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the U.S. or any other jurisdiction. No securities may be offered, sold or delivered in the U.S. or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or other securities laws. No public offering is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. The distribution of this announcement may be restricted by applicable laws and regulations. Persons who are physically located in those jurisdictions and in which this announcement is circulated, published or distributed must inform themselves about and observe such restrictions.


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