Sibanye Gold Listing

JOHANNESBURG, Feb. 11, 2013 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, 
NYSE, NASDAQ Dubai: GFI) announced on 29 November 2012, the creation of a new 
South African gold mining champion, through the unbundling of its 100% 
subsidiary, Sibanye Gold Limited (Sibanye Gold), formerly known as GFI Mining 
South Africa Proprietary Limited (GFIMSA). 
Today, 11 February 2013, Sibanye Gold was listed on the JSE and began trading 
at around R14/share, giving it a market capitalisation of approximately 
R10-billion. Gold Fields shares closed at R105.80 on Friday 8 February and 
started trading at R93 this morning, making its market capitalisation 
approximately R68-billion. The listing on the New York Stock Exchange (NYSE) 
of the Sibanye Gold's ADR Programme commences later today when the NYSE opens 
for trading. 
The distribution will result in the current Gold Fields' shareholders 
subsequently holding two separate shares, the newly distributed Sibanye Gold 
share as well as their original Gold Fields' share. 
Gold Fields retains secondary listings of ADRs on the NYSE and secondary 
listings on the Dubai, Brussels and Swiss stock exchanges. 
Gold Fields mining operations now comprise open-pit or shallow underground 
operations and, in the case of the South Deep project in South Africa, a 
deep-level, bulk underground mechanised operation together with the 
international exploration and development projects. 
Nick Holland explains Gold Fields' strategy: "Our operations will no longer 
focus solely on the number of ounces of gold produced, but rather on the costs 
associated with the production. Cash generation is to be a core focus with 
priority given to low risk, high return brownfields opportunities. Greenfields 
projects will only be pursued if they will provide superior returns. M&A 
will be considered only where there is clear value with regard to production." 
He adds: "2013 needs to see South Deep, moving from the construction phase to 
ore body development and build-up. On the financial side, we will look to 
leverage the balance sheet for growth on a per share basis. We are committed 
to delivering value to shareholders, with dividends having first call on cash 
flows. It is our intention to pay out 25-35% of normalised earnings." 
Holland says that Gold Fields will make a point of setting realistic 
production targets. "It's not about ounces, it's about cash," he concludes. 
Gold Fields will be releasing Q4 2012 and full-year 2012 financials on 
Thursday, which will be the last time that the results will include the 
Sibanye Gold operations. 
Notes to editors 
Gold Fields is a significant unhedged producer of gold with attributable 
annualised production of 2.1 million gold equivalent ounces from six operating 
mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an 
extensive and diverse global growth pipeline with four major projects at 
resource development and feasibility level. Gold Fields International has 
total managed gold-equivalent Mineral Reserves of 64 million ounces and 
Mineral Resources of 155 million ounces. Gold Fields is listed on the JSE 
Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai 
Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX). In February 
2012, Gold Fields unbundled its KDC and Beatrix mines in South Africa into a 
separately listed company, Sibanye Gold. 
Sponsor: J.P. Morgan Equities Limited 
Investors Willie Jacobsz Tel: +27-11-562-9775 or +1-857-241-7127 (USA) 
Mobile: +27-82-971-9238 (SA) Email: 
Remmy Kawala Tel: +27-11-562-9844 Mobile: +27-82-312-8692 Email: 
Sven Lunsche Tel: +27-11-562-9763 Mobile: +27-83-260-9279 email: 
SOURCE: Gold Fields Limited 
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CO: Gold Fields Limited
-0- Feb/11/2013 15:33 GMT
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