GFI 201905090031A
New bonds issued – US$1bn raised

Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("Gold Fields" or "the Company")
JSE, NYSE, DIFX Share Code: GFI
ISIN Code: ZAE000018123



MEDIA RELEASE

           New bonds issued – US$1bn raised

Johannesburg, 9 May 2019: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) is pleased to announce that it has successfully concluded
the raising of two new bonds – a US$500m 5-year bond with a coupon
of 5.125% and a US$500m 10-year bond with a coupon of 6.125% -
raising a total of US$1bn at an average coupon of 5.625%. The final
combined book for the bond issues was in excess of US$3bn.

The proceeds of the raising will be used to repay amounts
outstanding under the US$1,290m Credit Facilities Agreement and
refinance or repurchase certain other existing indebtedness, or for
general corporate purposes.

In conjunction with the issuance, and as part of the use of proceeds,
Gold Fields yesterday also announced a tender offer for up to
US$250m of the outstanding 4.875% 2020 bonds at a price of 102%.

As published in our 2018 Integrated Annual Report, one of Gold Fields
financial targets in its 2019 Balanced Scorecard is to improve the
liquidity and profile of the Group's debt. This entails both reducing net
debt and extending the maturity of the debt profile. The bond issue
extends and spreads out the maturity of the debt profile.


DISCLAIMER
This announcement does not constitute or form part of any offer to sell
or a solicitation of an offer to buy any securities in the U.S. or any other
jurisdiction. This announcement does not constitute a prospectus or
other offering document. No securities have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or the securities laws of any state of the U.S. or any other
jurisdiction. No securities may be offered, sold or delivered in the U.S.
or to, or for the account or benefit of, U.S. Persons (as defined in
Regulation S under the Securities Act), except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and any applicable state or other
securities laws. No public offering is being made in the United States
or in any other jurisdiction where such an offering is restricted or
prohibited or where such offer would be unlawful. The distribution of this
announcement may be restricted by applicable laws and regulations. 
Persons who are physically located in those jurisdictions and in which
this announcement is circulated, published or distributed must inform themselves
about and observe such restrictions.

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 gold producer with eight operating mines and two projects in Australia, Chile, Ghana, Peru and
South Africa, with total attributable annual gold-equivalent production of approximately 2Moz. It has attributable gold Mineral Reserves of around
48.1Moz and gold Mineral Resources of around 96.6Moz. Attributable copper Mineral Reserves total 691 million pounds and Mineral Resources
4,816 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 (SIX).

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

Date: 09/05/2019 09:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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