GFI 201802080041A
Trading statement for year ended 31 December 2017

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


Trading statement for year ended 31 December 2017

Johannesburg, 8 February 2018: Gold Fields Limited (Gold Fields)
(JSE, NYSE: GFI) advises that headline earnings per share (HEPS)
for the twelve months ended 31 December 2017 (FY 2017) is
expected to range from US$0.23-0.26 per share, 0% (US$0.00 per
share) to 12% (US$0.03 per share) lower than the US$0.26 per
share reported for the twelve months ended 31 December 2016 (FY
2016).

The basic loss per share for FY 2017 is expected to be 110-125%
(US$0.22-0.25 per share) lower than the earnings of US$0.20 per
share reported for FY 2016, at a loss of US$0.02-0.05 per share.

Normalised earnings for FY 2017 are expected to be 21-33%
(US$0.05-0.08 per share) lower than the US$0.24 per share
reported for FY 2016 at US$0.16-0.19 per share.

The net loss for the year is impacted by the following non-
recurring items:

-  US$278m (R3.5bn) (gross and after tax) impairment of
   goodwill related to South Deep. Post this impairment, the
   carrying value of South Deep is US$1.96bn (R24.7bn)
-  US$30m (R390m) (gross), US$21m (R273m) (after tax)
   provision related to the Silicosis and TB Class Action
   litigation which was accounted for in the interim financial
   statements
-  US$53m (gross), US$38m (after tax) reversal of an
   impairment of mining assets at Cerro Corona
-  US$39m (gross and after tax) reversal of an impairment at
   Arctic Platinum as a result of the sale, announced on 24
   January 2018
-  US$24m (gross), US$17m (after tax) profit on the sale of
   Darlot

The basic loss, headline earnings and normalised earnings are all
impacted by an increase in amortisation mainly at Tarkwa, Cerro
Corona and St Ives.

The South Deep impairment is based on two main factors:
-  The slow start to the rebase plan over the past year is
   expected to result in a more gradual ramp-up in the earlier
   years. The steady state production target of c.500koz in 2022
   has not changed.    The rebase plan was announced in February
   2017
-  A reduction in the gold price assumption used in the life
   of mine model to R525,000/kg from R600,000/kg

We are pleased to announce the successful life extension of the
Cerro Corona mine in Peru to 2030 from 2023. The life extension
will be achieved through the creation of additional, cost-
effective tailings capacity. As a result of the increased life, a
previous impairment of US$53m has been reversed.

Attributable gold equivalent production for Q4 2017 is expected
to be 546koz (Q3 2017: 567koz), with all-in sustaining costs
(AISC) of US$959/oz (Q3 2017: US$906/oz) and all-in costs (AIC)
of US$1,115/oz (Q3 2017: US$1,032/oz).

For FY 2017, attributable gold equivalent production is expected
to be 2,160koz (FY 2016: 2,146koz), exceeding the guidance range
of 2,100-2,150koz. AISC of US$955/oz (FY 2016: US$980/oz) and AIC
of US$1,088/oz (FY 2016: US$1,006/oz) are both below the lower
end of the guidance range provided in February 2017 – AISC:
US$1,010-1,030/oz and AIC: US$1,170-1,190/oz.

The financial information on which this trading statement is
based has not been reviewed, and reported on, by the Company’s
external auditors.

Gold Fields will release FY 2017 financial results on Wednesday,
14 February 2018.

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 72 493 5170
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 a globally diversified producer of gold
with eight operating mines in Australia, Ghana, Peru and South
Africa with attributable annual gold-equivalent production of
approximately 2.2 million ounces. It has attributable gold
Mineral Reserves of around 48 million ounces and gold Mineral
Resources of around 101 million ounces. Attributable copper
Mineral Reserves total 454 million pounds and Mineral Resources
5,813 million pounds. Gold Fields has a primary listing on the
Johannesburg Stock Exchange (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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