Gold Fields


This report contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, or the Exchange Act, with respect to Gold Fields financial condition, results of operations, business strategies, operating efficiencies, competitive position, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters. Such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "anticipates", "aims", "continues", "expects", "hopes", "may", "will", "would" or "could" or, in each case, their negative or other various or comparable terminology.

These forward-looking statements, including, among others, those relating to the future business prospects, revenues and income of Gold Fields, wherever they may occur in this report, are necessarily estimates reflecting the best judgment of the senior management of Gold Fields and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in this report. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation:

overall economic and business conditions in South Africa, Ghana, Australia, Peru and elsewhere;
changes in assumptions underlying Gold Fields mineral reserve estimates;
the ability of the Group to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions or joint ventures;
the ability of the Group to achieve anticipated efficiencies and other cost savings as a result of measures such as retrenchments;
the ability of the Group to achieve anticipated production cost estimates at existing operations, projects or joint ventures as outlined in this report or as otherwise disclosed;
the success of the Groups business strategy, development activities and other initiatives;
the ability of the Group to comply with requirements that it operate in a sustainable manner and provide benefits to affected communities;
decreases in the market price of gold or copper;
the occurrence of hazards associated with underground and surface gold mining or contagious diseases at Gold Fields operations, projects or joint ventures;
the occurrence of work stoppages related to health and safety incidents at Gold Fields operations, projects or joint ventures;
the Groups loss of senior management or inability to hire or retain employees;
fluctuations in exchange rates, currency devaluations and other macro-economic monetary policies;
ongoing or future labour disruptions and industrial actions at Gold Fields operations, projects or joint ventures;
power cost increases as well as power stoppages, fluctuations and usage constraints;
supply chain shortages and increases in the prices of production imports;
the ability to manage and maintain access to current and future sources of liquidity, capital and credit, including the terms and conditions of Gold Fields facilities and Gold Fields overall cost of funding;
the adequacy of the Groups insurance coverage;
the manner, amount and timing of capital expenditures made by Gold Fields on both existing and new mines, mining projects, exploration project or other initiatives;
changes in relevant government regulations, particularly labour, environmental, tax, royalty, health and safety, water, regulations and potential new legislation affecting Gold Fields mining and mineral rights;
fraud, bribery or corruption at Gold Fields operations, projects or joint ventures that leads to censure, penalties or negative reputational impacts; and
political instability in South Africa, Ghana, Peru or regionally in Africa or South America.


Gold Fields undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events.