GOLD FIELDS LIMITED - Dealing in securities31 May 2019
GFI 201905310092A
Dealing in securities

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

DEALING IN SECURITIES

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 28 May 2019 ("the Award Date"),
Award effective 15 February 2019, Conditional Performance Shares
to directors of the Company and major subsidiaries 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 R57.3756 being the 3 day VWAP of 27, 28, 29 February 2019.
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                               NJ HOLLAND
Position                          Director of Gold Fields Limited
No of PS awarded and accepted     163 966
Award Acceptance Date             28 May 2019
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                              R BARDIEN
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Operations Limited, JFI Joint
                                  Venture Holdings (Pty) Limited
                                  and Gold Fields
No of PS awarded and accepted     69 117
Award Acceptance Date             29 May 2019
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                              M PREECE
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Operations Limited, JFI Joint
                                  Venture Holdings (Pty) Limited
                                  and Gold Fields
No of PS awarded and accepted     60 276
Award Acceptance Date             28 May 2019
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                              L RIVERA
Position                          Director of a Major
                                  Subsidiaries: Director of a
                                  Major Subsidiaries: Gold Fields
                                  La Cima
No of PS awarded and accepted     176 981
Award Acceptance Date             28 May 2019
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                              NA CHOHAN
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Operations Limited, JFI Joint
                                  Venture Holdings (Pty) Limited
                                  and Gold Fields
No of PS awarded and accepted     126 392
Award Acceptance Date             28 May 2019
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                              CW DU TOIT
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Australia(Pty) Limited, GSM
                                  Holding Company Limited
No of PS awarded and accepted     18 851
Award Acceptance Date             28 May 2019
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                              A MUNT
Position                          Director of a Major
                                  Subsidiaries: Gold Fields
                                  Australia(Pty) Limited, GSM
                                  Holding Company Limited
No of PS awarded and accepted     17 566
Award Acceptance Date             28 May 2019
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 2019
Sponsor:
JP Morgan Equities South Africa Proprietary Limited

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