GFI 201609010055A
Dealing in securities by directors of major subsidiaries

Gold Fields Limited
Reg. No. 1968/004880/06)
Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123

DEALING IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with paragraphs 3.63 - 3.74 of the Listings
Requirements of JSE Limited, shareholders are advised that Gold
Fields Limited has Awarded on 25 August 2016 (“the Award Date”),
Award effective 1 March 2016, Conditional Performance Shares to
directors of major subsidiaries of Gold Fields in terms of the
Gold Fields Limited 2012 Share Plan as set out below.

Performance Shares (PS) are conditionally awarded, based on a share
price of R62.958 being the 3 day VWAP of 18, 19, 20 May 2016. The
number of PS which may settle to a participant on vesting date i.e.
three years from effective date of the award, will be determined by
the company achieving pre-determined performance conditions as
follows:

Relative TSR - measured against the performance of ten other major
gold mining companies based on the Gold Fields share price compared
to the basket of respective US dollar share prices of the peer
group,
Absolute TSR - Gold Fields share price measured at the start and the
end of the performance period.
Free Cash Flow Margin – achievement of pre-determined FCFM target.
The number of shares to be settled will range from 0% to 200% of the
initial conditional award.

Name                               Alfred Baku
Position                           Director of a Major Subsidiary
                                   Gold Fields Ghana (Pty) Ltd
No of PS awarded and accepted      165,123
Class of underlying security to    Ordinary shares
which rights attach
Nature of transaction              Off market acceptance of
                                   Performance Shares awarded
Vesting Period                     Performance Shares vest on
                                   third anniversary of effective
                                   Award date
Nature of interest                 Direct and Beneficial

Name                              Nico Muller
Position                          Director of Major Subsidiaries
                                  Gold Fields Operations (GFO)
                                  and GFI Joint Venture Ltd
No of PS awarded and accepted     137,280
Class of underlying security to   Ordinary shares
which rights attach
Nature of transaction             Off market acceptance of
                                 Performance Shares awarded
Vesting Period                   Performance Shares vest on
                                 third anniversary of effective
                                 Award date
Nature of interest               Direct and Beneficial

In accordance with section 3.66 of the Listings Requirements, the
necessary clearance was obtained to Award the abovementioned
Performance Shares.


01 September 2016
Sponsor:
JP Morgan Equities Limited

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