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Trading statement for year ended 31 December 2017

Thursday, 8 February 2018

Johannesburg, 8 February 2018: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) advises that headline earnings per share (HEPS) for the twelve months ended 31 December 2017 (FY 2017) is expected to range from US$0.23-0.26 per share, 0% (US$0.00 per share) to 12% (US$0.03 per share) lower than the US$0.26 per share reported for the twelve months ended 31 December 2016 (FY 2016).

The basic loss per share for FY 2017 is expected to be 110-125% (US$0.22-0.25 per share) lower than the earnings of US$0.20 per share reported for FY 2016, at a loss of US$0.02-0.05 per share.

Normalised earnings for FY 2017 are expected to be 21-33% (US$0.05-0.08 per share) lower than the US$0.24 per share reported for FY 2016 at US$0.16-0.19 per share.

The net loss for the year is impacted by the following non-recurring items:

The basic loss, headline earnings and normalised earnings are all impacted by an increase in amortisation mainly at Tarkwa, Cerro Corona and St Ives.

The South Deep impairment is based on two main factors:

We are pleased to announce the successful life extension of the Cerro Corona mine in Peru to 2030 from 2023. The life extension will be achieved through the creation of additional, cost-effective tailings capacity. As a result of the increased life, a previous impairment of US$53m has been reversed.

Attributable gold equivalent production for Q4 2017 is expected to be 546koz (Q3 2017: 567koz), with all-in sustaining costs (AISC) of US$959/oz (Q3 2017: US$906/oz) and all-in costs (AIC) of US$1,115/oz (Q3 2017: US$1,032/oz).

For FY 2017, attributable gold equivalent production is expected to be 2,160koz (FY 2016: 2,146koz), exceeding the guidance range of 2,100-2,150koz. AISC of US$955/oz (FY 2016: US$980/oz) and AIC of US$1,088/oz (FY 2016: US$1,006/oz) are both below the lower end of the guidance range provided in February 2017 – AISC: US$1,010-1,030/oz and AIC: US$1,170-1,190/oz.

The financial information on which this trading statement is based has not been reviewed, and reported on, by the Company’s external auditors.

Gold Fields will release FY 2017 financial results on Wednesday, 14 February 2018.

Enquiries

Investors

Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com

Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com


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