Creating enduring value beyond mining

GOLD FIELDS LIMITED INTEGRATED ANNUAL REPORT 2021

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Key Board deliberations and decisions in 2021

Gold Fields Board

Ensure 75% cover for high-impact and critical roles
Deliver strategic projects safely
Sustain improvements at South Deep
Improve the quality of our portfolio and deliver Salares Norte
Improve efficiencies and security of energy and water
Improve people capacity to deliver operational performance and Group strategy
Ensure transparent governance and compliance with the Global Industry Standard on Tailings Management (GISTM)

BOARD DELIBERATIONS

Appointed Chris Griffith as successor to Nick Holland
Reviewed executive succession plans
Approved the new strategy, purpose and vision statements, as well as the revised values
Provided input and approved the Group's 2030 environmental, social and governance (ESG) targets and strategy
Reviewed Gold Fields' operational plans and budgets
Monitored South Deep's ongoing restructuring
Monitored the construction of Salares Norte
Monitored the rollout and implementation of renewable projects at three Australian mines and South Deep

BOARD DELIBERATIONS

Approved annual capital and operational budgets
Approved debt refinancing and extension of debt maturity
Approved debt refinancing and extension of Approved dividend payments in line with Group Dividend Policy

BOARD DELIBERATIONS

Engaged on tailings management and the implementation of the GISTM
Conducted full review of heritage and Native Title management in Australia, and engaged investors on this issue
Monitored ASM strategy implementation and incidents, as well as resettlement grievances in Ghana
Strengthened engagement on and improved disclosure of ESG-related issues
Deliberated on country-specific government relations priorities and approved government action plans
Deliberated on increases in host community employment and procurement targets, including focus on the creation of non-mining jobs
Focused on social and economic developments in our host communities
Engaged stakeholders on executive remuneration policies and strategies

BOARD DELIBERATIONS

Oversaw the development and monitored implementation of Covid-19-related policies, protocols and programmes, prioritising the safety and health of employees
Provided regular feedback to the Risk Committee on Covid-19-related risks, strategies and mitigating actions
Reviewed the causes of major internal and external safety, environmental and stakeholder-related incidents
Reviewed and approved the diversity and inclusion dashboard and set gender targets
Examined the causes of the fatal incident at South Deep and developed learnings
Approved the following environmental and social policy statements: Environmental Stewardship, Human Rights, Community Relations and Supply Chain Stewardship

Protect the safety, health and wellbeing of employees
Increase diversity and inclusion among employees
Ensure the skills set of our workforce is appropriate for the modernisation of our operations