Potential Bond Offering
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Johannesburg, 25 April 2019: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) has mandated certain investment banks to arrange a series of fixed income investor meetings in the US and London commencing Monday 29th April. A 5-10 year Rule 144A / Reg S senior unsecured US$ benchmark bond offering will follow, subject to market conditions. Gold Fields Limited will be issuing through its guaranteed funding subsidiary Gold Fields Orogen Holding (BVI) Limited. FCA / ICMA stabilization will apply.
As published in our 2018 Integrated Annual Report, one of Gold Fields financial targets in its 2019 Balanced Scorecard is to improve the liquidity and profile of the Group’s debt. This entails both reducing net debt and extending the maturity of the debt profile. The potential bond offering is expected to extend the maturity of the debt profile.
This announcement does not constitute or form part of any offer to sell or a solicitation of an offer to buy any securities in the U.S. or any other jurisdiction. This announcement does not constitute a prospectus or other offering document. No securities have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the U.S. or any other jurisdiction. No securities may be offered, sold or delivered in the U.S. or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or other securities laws. No public offering is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. The distribution of this announcement may be restricted by applicable laws and regulations. Persons who are physically located in those jurisdictions and in which this announcement is circulated, published or distributed must inform themselves about and observe such restrictions.
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