Creating enduring value beyond mining

GOLD FIELDS LIMITED INTEGRATED ANNUAL REPORT 2021

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ABOUT GOLD FIELDS

ABOUT GOLD FIELDS

ABOUT GOLD FIELDS

Key Highlights

About this report Our business Our business model Risks and opportunities Catastrophic risks Emerging global trends Top five risks per region in 2021 Material matters
GOVERNANCE AND LEADERSHIP

GOVERNANCE AND LEADERSHIP

GOVERNANCE AND LEADERSHIP

Key Highlights

Chairperson’s report Summarised governance Key Board deliberations and decisions in 2021 Our Board of Directors Our Board committees How Board governance adds value Ensuring we do business ethically Chief Executive Officer’s report 2022 Group Scorecard
STRATEGIC
PILLAR 1 PERFORMANCE

STRATEGIC
PILLAR 1 PERFORMANCE

STRATEGIC PILLAR 1 PERFORMANCE

Key Highlights

Safety and health Our people Production and cost performance

Safety Health and wellbeing Fit-for-purpose workforce Technology and innovation Production and cost performance Strengthening the balance sheet Consolidated income statement Consolidated statement of financial position Consolidated statement of cash-flows
STRATEGIC
PILLAR 2 ESG

STRATEGIC
PILLAR 2 ESG

STRATEGIC PILLAR 2 ESG

Key Highlights

ESG targets Environmental stewardship Value creation

Our ESG priorities and 2030 targets Environmental stewardship Water management Climate change and energy management Integrated mine closure Tailings and waste management Value creation for our stakeholders Host communities Government relations Human rights
STRATEGIC
PILLAR 3 GROWTH

STRATEGIC
PILLAR 3 GROWTH

STRATEGIC PILLAR 3 GROWTH

Key Highlights

South Deep Salares Norte Australian assets

Our portfolio and growth strategy South Deep: continued improvement Salares Norte: construction on track Life extension through near-mine exploration Mineral Resources and Mineral Reserves summary
ASSURANCE

ASSURANCE

ASSURANCE

First party: Internal Audit Statement Independent assurance statement to the Board of Directors of Gold Fields Limited Assured sustainability performance indicators Assured South African Mining Charter performance indicators
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Our Board committees

OUR BOARD COMMITTEES

(as at 31 December 2021)

NOMINATING AND GOVERNANCE COMMITTEE

Met eight times in 2021
CHAIRPERSON: Cheryl Carolus (from 1 June 2022, Yunus Suleman)
MEMBERS: Steven Reid, Philisiwe Sibiya, Yunus Suleman, Terence Goodlace

AUTHORITY AND PURPOSE

Develops the Group's robust approach to corporate governance and recommends sound governance principles to the Board
Considers the structure, composition, size and effectiveness of the Board, its committees and management
Considers the rotation of directors, is responsible for the succession of directors and key executives, and is involved in recruiting appropriately skilled directors

REMUNERATION COMMITTEE

Met five times in 2021
CHAIRPERSON: Steven Reid
MEMBERS: Cheryl Carolus, Alhassan Andani, Peter Bacchus, Jacqueline McGill

AUTHORITY AND PURPOSE

Assists the Board to ensure the Group's remuneration practices are fair, responsible and equitable, and that it supports growth in stakeholder value
Ensures executive remuneration is directly linked to Gold Fields' performance, thereby protecting key stakeholders' interests by incentivising management to deliver value

SOCIAL, ETHICS AND TRANSFORMATION COMMITTEE

Met four times in 2021
CHAIRPERSON: Philisiwe Sibiya (from 1 June 2022, Jacqueline McGill)
MEMBERS: Cheryl Carolus, Jacqueline McGill, Alhassan Andani

AUTHORITY AND PURPOSE

Assists the Board to ensure the Group's remuneration practices are fair, responsible and equitable, and that it supports growth in stakeholder value
Ensures executive remuneration is directly linked to Gold Fields' performance, thereby protecting key stakeholders' interests by incentivising management to deliver value

CAPITAL PROJECTS, CONTROL AND REVIEW COMMITTEE

Met four times in 2021
CHAIRPERSON: Alhassan Andani
MEMBERS: Peter Bacchus, Terence Goodlace, Yunus Suleman, Steven Reid, Cheryl Carolus, Jacqui McGill, Philisiwe Sibiya

AUTHORITY AND PURPOSE

Considers and evaluates new capital projects exceeding US$200m and assures the Board that the Group used appropriate and efficient methodologies in evaluating and implementing such projects
Monitors progress throughout the project lifecycle and periodically reports any findings to management and the Board

RISK COMMITTEE

Met five times in 2021
CHAIRPERSON: Peter Bacchus
MEMBERS: Terence Goodlace, Yunus Suleman, Philisiwe Sibiya

AUTHORITY AND PURPOSE

Ensures that effective risk management policies and strategies are in place and recommended to the Board for approval
Assists the Board to establish Gold Fields' risks and opportunities
Ensures that management identifies and implements appropriate risk management controls to ensure long-term value creation for stakeholders

SAFETY, HEALTH AND SUSTAINABLE DEVELOPMENT COMMITTEE

Met five times in 2021
CHAIRPERSON: Terence Goodlace
MEMBERS: Cheryl Carolus, Steven Reid, Jacqui McGill

AUTHORITY AND PURPOSE

Monitors all matters of safety, health and sustainable development (SHSD) programmes and strategic plans
Considers the investigation into any relevant incident, and assesses and approves sustainable development policies and standards
Monitors the Company's operations against national and international regulations, policies and external standards relating to SHSD

AUDIT COMMITTEE

Met five times in 2021
CHAIRPERSON: Yunus Suleman (from 1 June 2022, Philisiwe Sibiya)
MEMBERS: Alhassan Andani, Peter Bacchus, Philisiwe Sibiya

AUTHORITY AND PURPOSE

Oversees the Group's financial affairs and integrated reporting on financial statements and sustainability
Monitors the suitability and independence of external auditors
Oversees combined assurance and effectiveness of the Group's internal audit controls and function

AD-HOC INVESTMENT COMMITTEE

Met four times in 2021
CHAIRPERSON: Peter Bacchus
MEMBERS: Alhassan Andani, Yunus Suleman, Steven Reid, Cheryl Carolus

AUTHORITY AND PURPOSE

Considers and recommends, where appropriate, strategic, organisational and structuring options for the Group to the Board, including investment and divestment opportunities

GROUP EXECUTIVE COMMITTEE

Met monthly in 2021
CHAIRPERSON: Chris Griffith

AUTHORITY AND PURPOSE

Develops strategies and policy proposals for the Board's consideration
Implements the Group's strategy
Reviews Gold Fields' performance against set strategic objectives
Carries out the Board's mandate and directives
Assists the Board to execute the Company's disclosure obligations

Exco has 12 members, comprising the Company's principal officers and executive directors. More information can be found on our website at www.goldfields.com/our-leadership.php