GFI 201805310032A
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 May 2018 (“the Award Date”),
Award effective 1 March 2018, Conditional Performance Shares to
directors of major subsidiaries of Gold Fields in terms of the
Gold Fields Limited 2012 Share Plan (as amended) as set out
below.

Performance Shares (PS) are conditionally awarded, based on a share
price of R46.2814 being the 3 day VWAP of 26, 27, 28 February 2018.
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 Total Shareholder Return (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 Total Shareholder Return (TSR) - Gold Fields share price
measured at the start and the end of the performance period.
Free Cash Flow Margin (FCFM) – 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                               CW Du Toit
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Australia (Pty) Ltd, GSM
                                  Holding Company Limited
No of PS awarded and accepted     22,404
Award Acceptance Date             29 May 2018
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                              P WOODHOUSE
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Australia (Pty) Ltd, GSM
                                  Holding Company Limited
No of PS awarded and accepted     28,063
Award Acceptance Date             29 May 2018
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.


31 May 2018
Sponsor:
JP Morgan Equities Limited

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