Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, A Grigorian°, N J Holland
†
(Chief Financial Officer), G Marcus,
J M McMahon
†
, J G Hopwood, D M J Ncube, R L Pennant-Rea
†
, P J Ryan, T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fax +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
Andrew.davidson@goldfields.co.za
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Nerina.bodasing@goldfields.co.za
MEDIA RELEASE
GOLD FIELDS ACQUIRES AN ADDITIONAL 16.2
MOZ ADJACENT TO SOUTH DEEP
Johannesburg, 27 July 2007: Gold Fields Limited (“Gold
Fields”) (NYSE, JSE, DIFX: GFI) is pleased to announce that
agreement has been reached in terms of which JCI Limited (JCI)
and Randgold & Exploration Company Limited (R&E) will
relinquish certain rights which they have to ground contiguous to
South Deep Gold Mine (South Deep) for a consideration of R400
million plus VAT.
The agreement is subject to, inter alia, the approval of
shareholders representing at least 50% of the shares entitled to
vote at general meetings of both JCI and R&E. The JCI and R&E
shareholders meetings are expected to take place during the last
week of September.
Irrevocable undertakings of support for the proposed transaction
have been received from shareholders representing 57% of JCI
shares and 52% of R&E shares entitled to vote at the respective
meetings.
The transaction, if implemented, will result in Western Areas
Limited (a 100% subsidiary of Gold Fields Limited) owning 74%
of a company which holds the exploration rights to the ground in
question, with Peotona Gold, a black empowerment company,
holding the balance.
It is estimated that the contiguous ground, immediately to the
East of South Deep, contains an indicated resource of
approximately 16.2 million ounces of gold at a cut off grade of 5
grams per ton. This ground could be accessed through the
existing South Deep Infrastructure.
-ends-