Budget Announcement by Ghana's Ministry of Finance and Economic Planning

JOHANNESBURG, November 18, 2011 /PRNewswire/ --

Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has noted this week's Budget announcement by Ghana's Ministry of Finance and Economic Planning, which includes proposed changes to the tax regime for the country's mining industry.

We require more details of the proposed tax changes to further assess their potential impact. Accordingly Gold Fields is not yet in a position to advise shareholders on implications for the Company.

Once we have completed our assessment we will provide shareholders with further information.

Notes to editors

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months.  Gold Fields has total attributable gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4 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).

Sponsor: J.P. Morgan Equities Limited

Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196

Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa

Tel: +27-11-562-9700
Fax: +27-11-562-9838
http://www.goldfields.co.za


Enquiries

Investor Enquiries

Zakira Amra
Tel: +27-11-562-9775
Mobile: +27(0)79-694-0267
Email: [email protected]

Willie Jacobsz

Tel: +1-508-839-1188
Mobile: +1-857-241-7127
Email: [email protected]

Media Enquiries

Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27(0)83-260-9279
Email: [email protected]

SOURCE Gold Fields Limited

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