GFI 201611140012A
Gold Fields comments on news reports regarding acquisition proposals made to Kirkland Lake

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


MEDIA RELEASE

Gold Fields comments on news reports regarding acquisition
proposals made to Kirkland Lake

Johannesburg, 14 November 2016: Gold Fields Limited (Gold Fields)
(JSE, NYSE: GFI) notes recent press reports regarding proposals
made jointly by it and Silver Standard Resources Inc. (Silver
Standard) (TSX:SRO, Nasdaq: SSRI) to acquire all of the
outstanding shares of Kirkland Lake Gold Inc. (Kirkland Lake)
(TSX: KLG), as well as Kirkland Lake’s 11 November 2016 news
release acknowledging these reports.

In accordance with its ongoing disclosure obligations, Gold
Fields confirms that its wholly-owned subsidiary, Gold Fields
Netherlands Services B.V., has made three successive non-binding
proposals jointly with Silver Standard to Kirkland Lake to
acquire all of the outstanding shares of Kirkland Lake pursuant
to a negotiated plan of arrangement for consideration consisting
of cash and shares of Silver Standard or a combination thereof.
Its most recent proposal is valued at C$1.44 billion (US$1.07
billion) in aggregate. Gold Fields further confirms that the
Kirkland Lake board has advised that it determined that each of
these joint proposals was not reasonably expected to result in a
Superior Proposal relative to Kirkland Lake’s previously
announced combination with Newmarket Gold Inc. (Newmarket) (TSX:
NMI), and that accordingly it would not be engaging in any
discussions with Gold Fields or Silver Standard or providing them
with due diligence access.

Enquiries

Investors

Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 81 354 0236
Email: Thomas.Mengel@goldfields.com

Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com

ends


Notes to editors

About Gold Fields

Gold Fields Limited is an unhedged, globally diversified producer
of gold with eight operating mines in Australia, Ghana, Peru and
South Africa with attributable annual gold production of
approximately 2.0 million ounces. It has attributable Mineral
Reserves of around 46 million ounces and Mineral Resources of
around 102 million ounces. Attributable copper Mineral Reserves
total 532 million pounds and Mineral Resources 5,912 million
pounds. Gold Fields has a primary listing on the JSE Limited,
with secondary listings on the New York Stock Exchange (NYSE) and
the Swiss Exchange (SWX).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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