Gold Fields Completes Acquisition of Barrick's Granny Smith, Lawlers and Darlot Gold Mines in Western Australia

   Gold Fields Completes Acquisition of Barrick's Granny Smith, Lawlers and
                    Darlot Gold Mines in Western Australia

PR Newswire

JOHANNESBURG, October 1, 2013

JOHANNESBURG, October 1, 2013 /PRNewswire/ --

Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to
announce that it has completed the acquisition of the Granny Smith, Lawlers
and Darlot gold mines (collectively the Yilgarn South Assets) in Western
Australia, from Barrick Gold Corporation (Barrick).

Gold Fields acquired the assets for a total net consideration of US$270
million after adjustments for working capital, mine capital and employee

In accordance with the sale and purchase agreement, Gold Fields elected to
satisfy half of the consideration by delivering 28.7 million of its common
shares (which was based on the 5-day VWAP for the ADR's trading on the NYSE
prior to closing). The balance of US$135 million (less a US$30 million deposit
paid on signing of the agreement) was paid from cash resources held by Gold
Fields in Australia.

Nick Holland, Chief Executive Officer of Gold Fields, said:

"We are pleased to have completed this acquisition of in-production ounces.
Today we commenced integrating these assets with our existing operations in
Western Australia where Gold Fields now has five active mines.

Considering the potential for regional and operational synergies with our
existing assets in the region, as well as the benefits from applying Gold
Fields' low cost, cash-focussed operating model to the acquired assets, this
acquisition should have a positive impact on the Group's operations.

Based on reported production for the first half of 2013, these assets are
expected to add approximately 400,000 ounces of production to the Gold Fields
portfolio, at costs lower than the current Group average.

This transaction also significantly advances Gold Fields' strategic objective
of achieving a more balanced and globally diversified portfolio, with
Australia now accounting for approximately 42% of Gold Fields' production,
Ghana approximately 33%, Peru approximately 13% and South Africa approximately

Notes to editors

About Gold Fields

Gold Fields is a significant unhedged producer of gold with attributable
annualised production of approximately 2.0 million gold equivalent ounces from
six operating mines in Australia, Ghana, Peru and South Africa. Gold Fields
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 August
2013, Gold Fields acquired Barrick Gold's Granny Smith, Lawlers and Darlot
Gold Mines in Western Australia, a transaction that is expected to be
completed in September 2013.

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

This press release is for information purposes only and does not constitute or
form part of an offer to sell or the solicitation of an offer to buy or
subscribe to any securities of Gold Fields. The securities referred to herein
have not been and will not be registered under the United States Securities
Act of 1933 (the "Securities Act") or with any securities regulatory authority
of any state or other jurisdiction of the United States and may not be
offered, sold, resold, transferred or delivered, directly or indirectly, in
the United States except pursuant to registration under, or an exemption from
the registration requirements of, the Securities Act. There will be no public
offering of securities in the United States or any other jurisdiction.


Certain statements included in this announcement, as well as oral statements
that may be made by Gold Fields, or by officers, directors or employees acting
on its behalf related to the subject matter hereof, constitute or are based on
forward-looking statements. Forward-looking statements are preceded by,
followed by or include the words "may", "will", "should", "expect",
"envisage", "intend", "plan", "project", "estimate", "anticipate", "believe",
"hope", "can", "is designed to" or similar phrases. These forward-looking
statements involve a number of known and unknown risks, uncertainties and
other factors, many of which are difficult to predict and generally beyond the
control of Gold Fields, that could cause Gold Fields' actual results and
outcomes to be materially different from historical results or from any future
results expressed or implied by such forward-looking statements. Such risks,
uncertainties and other factors include, among others, Gold Fields' ability to
complete the transaction, Gold Fields' ability to successfully integrate the
acquired assets with its existing operations, Gold Fields' ability to achieve
anticipated efficiencies and other cost savings in connection with the
transaction, changes in relevant governmental regulations, particularly
environmental, tax, health and safety, regulations and potential new
legislation affecting mining rights, Gold Fields' future financial position
and plans, strategies, objectives, capital expenditures, and projected costs,
the success of exploration and development activities, as well as projected
level of gold price and other risks. Gold Fields undertakes no obligation to
update publicly or release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this announcement or to
reflect any change in Gold Fields' expectations with regard thereto. 


Willie Jacobsz
Mobile: +27-82-971-9238 (SA)
Mobile: +1-857-241-7127 (USA)

Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279

SOURCE Gold Fields Limited
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