Gold Fields

Outlook for 2020

Attributable equivalent gold production for the Group for 2020 is expected to be between 2,275Moz and 2,315Moz. AISC is expected to be between US$920/oz and US$940/oz. AIC is planned to be between US$1,035/oz and US$1,055/oz. If we exclude expenditure on Salares Norte, AIC for the Group is expected to be between US$975/oz and US$995/oz.These expectations assume exchange rates of R/US$: 14.50 and A$/US$: 0.69.

Capital expenditure for the Group is planned at US$630m. Sustaining capital expenditure for the Group is planned at US$406m and growth capital expenditure is planned at US$224m. The US$224m growth capital expenditure comprises US$60m for the Australia region, US$10m for Damang, US$15m for South Deep, US$28m for Cerro Corona and US$111m for Salares Norte. Due to the revised WGC interpretation on AISC certain capital expenditure has been reclassified from sustaining capital to growth capital (primarily for Australia and Cerro Corona).The capital expenditure above excludes the Group's share of Asanko's total capital expenditure of US$34m for 2020.

The above is subject to safety performance which limits the impact of safety-related stoppages and the certain forward looking statements.