Media release

Gold Fields announces first sustainability linked loan

Monday, 5 June 2023

Johannesburg, 5 June 2023: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce that it has successfully refinanced its US$1.2bn 2019 revolving credit facility (RCF). For the first time, the new facility is linked to the achievement of three of Gold Fields' key ESG priorities: gender diversity, water stewardship and decarbonisation.

Key terms of the new RCF are:

The sustainability linked KPIs for the five-year term of the loan until 2027 are aligned with Gold Fields' strategy as well as its 2030 ESG targets. They address the most material ESG priorities for the Company and the mining sector in general:

"This is Gold Fields' first sustainability linked loan and relates to our second strategic pillar, namely to 'build on our leading commitment to ESG'. It illustrates how ESG has become fully integrated into our business," says Paul Schmidt, Gold Fields' Chief Financial Officer.

The KPIs set in the loan, if achieved, will assist Gold Fields in reaching its 2030 ESG targets launched in 2021. For the relevant ESG areas the 2030 targets are 30% women representation, 80% of water consumed to be recycled/reused, and reducing net Scope 1 and 2 emissions by 30% and absolute emissions by 50%.

Gold Fields has also completed four 5-year RCFs with South African banks for a total of R2.5bn to fund capital expenditure as well as general corporate and working capital requirements of the Group. The interest rates under the RCFs with Rand Merchant Bank (R1.0bn) as well as Nedbank, ABSA Bank and Standard Bank (R500m each) are linked to the Johannesburg Interbank Average Rate (JIBAR) plus a margin.

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