June 2009 Resource and Reserve Declarationwith updates on:

S th DSouth DeepThe Gold Mine Of the Future Taking Shape

St IvesA Transformation underway.

Gold Fields Limited5 October 2009

2

Forward Looking StatementINTRODUCTIONINTRODUCTION

Certain statements in this document constitute “forward looking statements” within themeaning of Section 27A of the US Securities Act of 1933 and Section 21E of the USmeaning of Section 27A of the US Securities Act of 1933 and Section 21E of the USSecurities Exchange Act of 1934.

Such forward looking statements involve known and unknown risks, uncertainties and otherimportant factors that could cause the actual results, performance or achievements of thecompany to be materially different from the future results, performance or achievementsexpressed or implied by such forward looking statements. Such risks, uncertainties and otherimportant factors include among others: economic business and political conditions in Southimportant factors include among others: economic, business and political conditions in SouthAfrica; decreases in the market price of gold; hazards associated with underground andsurface gold mining; labour disruptions; changes in government regulations, particularlyenvironmental regulations; changes in exchange rates; currency devaluations; inflation andother macro-economic factors; and the impact of the AIDS crisis in South Africa. Theseforward looking statements speak only as of the date of this document.

The company undertakes no obligation to update publicly or release any revisions to theseThe company undertakes no obligation to update publicly or release any revisions to theseforward looking statements to reflect events or circumstances after the date of this documentor to reflect the occurrence of unanticipated events.

3

INTRODUCTIONINTRODUCTION

Nick Holland

Chief Executive OfficerChief Executive Officer

4

Attributable Global NumbersINTRODUCTIONINTRODUCTION

June 2008 Depletion June 2009

Gold Equivalent Mineral Resources

Moz 250.6 4.1 271.1

UraniumMineral Resource

Mlbs 11.4 - 77.1Mineral Resource

Gold Equivalent Moz 82 8 3 8 81 1Mineral Reserves 82.8 3.8 81.1

81 Moz OF MINERAL RESERVES = 20-YEAR LIFE OF MINE

5

Long Life ReservesINTRODUCTIONINTRODUCTION

• Long-life quality reserve base;Long life, quality reserve base;– 3rd largest mineral reserve base in the industry.– Six out of nine mines 5 Moz or greaterSix out of nine mines 5 Moz or greater.– Six out of nine mines 10-year LoM or greater.

• Externally audited;• Externally audited;– Robust gold prices used.

FOUNDATION OF THE GOLD FIELDS VALUE PROPOSITION

6Resources and ReservesStrategic PositioningINTRODUCTIONINTRODUCTION

Development is key to unlocking potential of ore bodies.p y g p

Targeting 24 months of development at South African operationsTargeting 24 months of development at South African operations.

Short term mine plans based on paylimit of R195,000/kg in South Africa and t ff d l l t d t US$650/ i Gh d P d A$850/ icut-off grades calculated at US$650/oz in Ghana and Peru and A$850/oz in

Australia.

Higher Prices = margin expansion, not lower pay limits and cut-off grades.

Mechanisation of development (safety and productivity).

OPTIMISING THE EXPLOITATION OF OUR ORE BODIES

7

Development: Key StrategyINTRODUCTIONINTRODUCTION

Managed Mineral Resources(Moz)

Mineral Reserves(Moz)

Driefontein 52.8 18.2Kloof 79.0 10.5Beatrix 17.6 6.4South Deep1 78.4 29.5Tarkwa 16.2 10.7Damang 4.3 1.8g 1.8St Ives 5.6 2.3Agnew 3 5 0 7Agnew 3.5 0.7Cerro Corona2 8.1 5.51 Including Uncle Harry’s 2 Gold equivalent ounces

TARGETING 24 MONTHS OF DEVELOPMENT

1 Including Uncle Harry s 2 Gold equivalent ounces

8

Key PointsINTRODUCTIONINTRODUCTION

Much greater confidence in South Deep ore body and mine plan.

Damang now a 9-year reserve life with significant upside.

St Ives now a 5-year reserve life with potential at the Athena camp to double this.Tarkwa a 15 year reserve life at a production rate of 750koz toTarkwa a ~15-year reserve life at a production rate of 750koz to 800koz p.a.

Cerro Corona a 5 Moz reserve with growth potentialCerro Corona a 5 Moz reserve with growth potential.

0 7 Moz in pillars and remnants removed from South African reserves0.7 Moz in pillars and remnants removed from South African reserves due to safety concerns (1.1 Moz in F2009)

GOLD FIELDS HAS WORLD CLASS ASSETS

9

AgendaINTRODUCTIONINTRODUCTION

Tim RowlandJune 2009 Mineral Resource and Mineral Reserve Declaration

Tim RowlandHead of Technical Division (Competent Person)

South Deep Vishnu PillayH d S th Af i R ip Head: South Africa Region

St Ives Glenn BaldwinSt Ives Head: Australasia Region

ConclusionConclusion Questions and Answers Nick Holland

10

JUNE 2009 MINERAL RESOURCEJUNE 2009 MINERAL RESOURCE AND MINERAL RESERVE DECLARATIONDECLARATION

Tim Rowland

Head: Technical Division & Competent Person

11

Headline Numbers1INTRODUCTIONINTRODUCTION

Managed Attributable

30 June 2008

30 June 2008

• Gold Equivalent Mineral Resource• Uranium Mineral Resource• Gold Equivalent Mineral Reserve

• Gold Equivalent Mineral Resource• Uranium Mineral Resource• Gold Equivalent Mineral Reserve

• 250.6 Moz• 11.4 Mlbs• 82.8 Moz

• 250.6 Moz• 11.4 Mlbs• 82.8 Moz

• 262.1 Moz• 11.4 Mlbs• 87.6 Moz

• 262.1 Moz• 11.4 Mlbs• 87.6 Moz

12 12 • Production Depletion from Resource• Production Depletion from Resource • 4.1 Moz• 4.1 Moz• 4.4 Moz• 4.4 MozMonthsMonths

p• Production Depletion from Reserve

p• Production Depletion from Reserve • 3.8 Moz• 3.8 Moz• 4.2 Moz• 4.2 Moz

30 June 2009

30 June 2009

• Gold Equivalent Mineral Resource• Uranium Mineral Resource• Gold Equivalent Mineral Reserve

• Gold Equivalent Mineral Resource• Uranium Mineral Resource• Gold Equivalent Mineral Reserve

• 271.1 Moz• 77.1 Mlbs• 81.1 Moz

• 271.1 Moz• 77.1 Mlbs• 81.1 Moz

• 282.4 Moz• 77.1 Mlbs• 85.7 Moz

• 282.4 Moz• 77.1 Mlbs• 85.7 Moz

1 Group Total figures are equivalent gold ounces and include APP, Cerro Corona (Au & Au-Cu Equivalents), TSF gold (Tailings Storage Facility) and Uncle Harry’s (WAPL). 30 June 2009 figures are net of production depletion and Corporate activity

qq

GOLD PRICE OF US$800/oz

12

StrategyINTRODUCTIONINTRODUCTION

SAFE PRODUCTION

Operational ExcellenceOperational Excellence

Realise Asset Potential

Leverage Ore Body C bilit

PRODUCTION

RESERVE DefinitionRESERVE Definition

pp‘Delivery’‘Delivery’

Drive Resource

Increase Operational

flexibility and i

Capability

Sustaining the Future

‘Mine Design & Planning’ ‘Mine Design & Planning’

Investment in

Drive Resource to Reserve conversion

margin

Near Mine Exploration Thrust

exploration and discovery

Exploration SpaceExploration Space

Building a Growth Pipeline

Create Mineral Reserve Mining Flexibility

Growing the Safe Production Profilep pp p‘Discovery’‘Discovery’ Growing the Safe Production Profile

Driving Value-Creating Projects to Feasibility

Generating Free Cash Flow

CLEAR FOCUS ON KEY DRIVERSCLEAR FOCUS ON KEY DRIVERSCLEAR FOCUS ON KEY DRIVERS

13

Corporate GovernanceINTRODUCTIONINTRODUCTION

Transparency and materiality paramount

Compliance with all relevant regulatory codes

All Operations’ Mineral Resources and Mineral Reserves externally audited

~ 50% of the Mineral Reserves have been designed and scheduled at South Deep

13FULL COMPLIANCE IN REPORTING

14

Key AssumptionsINTRODUCTIONINTRODUCTION

Rigorous Mineral Resource and Mineral Reserve process and CPR reportingRigorous Mineral Resource and Mineral Reserve process and CPR reporting

Mineral Reserve prices used (US$ 800/oz) in line with SEC (2 to 3 year average)average)Mineral Resource price used (US$ 1,000/oz) 25% leverage on the Mineral Reserve price

Modifying factors based on historical averages

Copper as gold equivalent remains in headline numbersCopper as gold equivalent remains in headline numbers

14FULL DETAILED SUPPLEMENT WITH ANNUAL REPORTFULL DETAILED SUPPLEMENT WITH ANNUAL REPORTNEW TECHNICAL SHORT FORM REPORTS TO BE ISSUED AS NEW TECHNICAL SHORT FORM REPORTS TO BE ISSUED AS

SUPPLEMENT TO THE ANNUAL REPORTSUPPLEMENT TO THE ANNUAL REPORT

15

Metal PriceINTRODUCTIONINTRODUCTION

30 June 2009 30 June 2008Location Units Reserve Resource Reserve Resource

A US$/ 800 1 000 6 0 800West Africa / South America

Au - US$/oz 800 1,000 650 800

Cu - US$/lb 2.203 2.753 1.75 2.10

Australia Au - A$/oz 1 000 1 250 750 925Australia Au - A$/oz 1,000 1,250 750 925

South Africa1&2Au - ZAR/kg 230,000 285,000 150,000 180,000

U O – US$/lb - 75 - 40

1 South Deep has designed and scheduled the Upper Elsburg Reefs from 87 to 110 level in accordance with the GFI protocol.2 The remainder of South Deep is reported as per the acquisition model (low gold price and corresponding lower costs)

U3O8 – US$/lb - 75 - 40

The remainder of South Deep is reported as per the acquisition model (low gold price and corresponding lower costs).3 Whittle shells run at US$2.20/lb for Mineral Resources and US$1.75/lb for Mineral Reserves. US$2.75/lb and US$2.20/lb used to

calculate equivalent gold and to compare cash flows.

15

MINERAL RESOURCE US$25%, A$25% AND ZAR24% ABOVE MINERAL RESERVE PRICE

16

Managed Resources (Moz)GOLD FIELDS OPERATIONSGOLD FIELDS OPERATIONS

G ld E i l t S th A iGold Equivalent South America

Gold Australasia

2 PGE +Au (Growth)

Gold West Africa

Gold South Africa (IncludesTSF gold)

Note: excludes TSF (Tailing Storage Facility) and underground uranium Figures in brackets are comparable from F2009

MINERAL RESOURCE INCREASED BY 20.3 Moz– POST DEPLETION

Note: excludes TSF (Tailing Storage Facility) and underground uranium. Figures in brackets are comparable from F2009

17

GOLD FIELDS OPERATIONSGOLD FIELDS OPERATIONS Managed Reserves (Moz)

Gold Australasia

Gold Equivalent South America

Gold West Africa

Gold South Africa

Figures in brackets are comparable from F2009

MINERAL RESERVE DECREASED BY 1.9 Moz – POST DEPLETION

g p

18

Resource Status per MineSA REGIONSA REGIONGOLD FIELDS OPERATIONSGOLD FIELDS OPERATIONS

80.578.4 79.080

90

Managed Resource (Gold, 2PGE and Cu-Au Eq. oz)

71.8

60

70

80

Eq. (

Moz

)

44.4

52.8

40

50

E &

Au-

Cu

E

9 0 12.615.4 16.1

8 112.6

16.2 17.620

30

Gol

d, 2

PG

3.1 3.5 1.24.5

9.03.5 4.3 4.3 5.6

8.1

0

10

new

man

g

ojec

t

Ives

erro

ro

na

APP

rkw

a

atrix

ntei

n

Dee

p nc

le

's)

Klo

of

Ag

Da m

TSF

Pro

St

Ce

Cor

A

Tar

Bea

Drie

fon

Sout

h D

(Incl

. Un

Har

ry' K

Jun-08 Jun-09

N t l d U i t i d i TSF’ d d d

WORLD CLASS MINERAL RESOURCE BASE AT US$ 1,000/oz

Note: excludes Uranium contained in TSF’s and underground

19

Reserve Status per MineGOLD FIELDS OPERATIONSGOLD FIELDS OPERATIONS

29 5

35

Managed Reserves (Gold and Cu-Au Eq. oz)

29.129.5

25

30

(Moz

)

19.718.2

15

20

& A

u-C

u Eq

.

5.9 6.7

11.1 11.3

5.5 6.4

10.5 10.7

5

10Gol

d &

0.6 1.4 1.90.7

1.8 2.3

0

5

new

ang

ves

rro

ona

atrix loof

kwa

tein

eep

Agn

Dam

a

St I

Cer

Cor

o

Bea K

l

Tark

Drie

font

Sout

h D

e

June 08 June 09

STRONG MINERAL RESERVE BASE AT US$ 800/oz

20

Grade ReconciliationSOUTH AFRICA REGIONSOUTH AFRICA REGION

0 310.0

Driefontein Gold MineChange in Proved & Probable Reserve Grade

10.0

Kloof Gold MineChange in Proved & Probable Reserve Grade

8.6

0.3

0.3 0.5

8.13.04.05.06.07.08.09.0

Gra

de (g

/t)

8.8

0.9

0.4

0.6

7.73.04.05.06.07.08.09.0

Gra

de (g

/t)

0.01.02.03.0

F2009 Gold Price Costs Other* F2010

G

* Other - structure & model changes, increased volumes f MR & l i f hi h d ill

0.01.02.03.0

F2009 Gold Price Costs Other* F2010

* Other - structure & model changes, increased volumes f MR & l i f hi h d ill

7.0

South Deep Gold MineChange in Proved & Probable Reserve Grade

from MR & exclusion of high grade pillars from MR & exclusion of high grade pillars

0 2 0 16.0

Beatrix Gold MineChange in Proved & Probable Reserve Grade

6.3

0.2 0.1 0.3

6.52 03.04.05.06.07.0

Gra

de (g

/t)

5.0

0.2 0.1

4.92.0

3.0

4.0

5.0

Gra

de (g

/t)

0.01.02.0

F2009 Gold Price Costs Other* F2010

G

Other - re-estimation of current mine (facies application) re design

0.0

1.0

F2009 Gold Price Costs F2010

ABOVE INFRASTRUCTURE FIGURES

re-design

21

Grade ReconciliationINTERNATIONAL REGIONSINTERNATIONAL REGIONS

0 11.4

Tarkwa Gold MineChange in Proved & Probable Reserve Grade

0 2 0 11 8

Damang Gold MineChange in Proved & Probable Reserve Grade

1.2

0.1

0.10.0

0.0

1.2

0 40.60.81.01.2

Gra

de (g

/t)

1.7

0.2 0.1

0 0

1.6

0 60.8

11.21.41.61.8

rade

(g/t)

0.00.20.4

F2009 Gold Price

Costs Dilution Other* F2010

G

* Other F2009 mining marginally below ave reserve grade

00.20.40.6

F2009 Gold Price

Costs Dilution Other* F2010

G

* Other - F2009 mining marginally below ave reserve grade

0 23.0

St Ives Gold MineChange in Proved & Probable Reserve Grade

0 69.0

Agnew Gold MineChange in Proved & Probable Reserve Grade

2.3

0.10.0 0.0

0.2

2.41.0

1.5

2.0

2.5

Gra

de (g

/t)

7.7

0.50.0 0.0

0.6

7.83.04.05.06.07.08.0

Gra

de (g

/t)

0.0

0.5

F2009 Gold Price

Costs Dilution Other* F2010

G

* Oth H l t & Ath dd d t hi h d

0.01.02.03.0

F2009 Gold Price

Costs Dilution Other* F2010

G

Oth N d lli & di

GRADES AT CERRO CORONA REMAIN CONSTANT

* Other - Hamlet & Athena added at higher grade Other - New modelling & discovery

22

SOUTH AFRICA REGIONSOUTH AFRICA REGION Overview

• Mineral Resources 232 1 Moz

Driefontein, Kloof, Beatrix & South DeepDriefontein, Kloof, Beatrix & South DeepDriefontein, Kloof, Beatrix & South DeepDriefontein, Kloof, Beatrix & South Deep

• Mineral Resources 232.1 Moz• Mineral Resources include acquisition of Uncle Harry’s 14.6 Moz• Mineral Resource includes TSF gold of 4.3 Moz • Mineral Reserves 64 7 Moz• Mineral Reserves 64.7 Moz • South Deep Upper Elsburg’s (87 – 110 level) portion remodelled

and reported by GFI• Mechanisation of development gaining traction on all long life shaftsp g g g• Significant increase in exploration and resource definition drilling

(F2009 – 93.1 km versus F2008 – 66.3 km)• Improved focus on short term mine planning to reduce volatility

• Safe Production Management strategy

Drive on Safety, Quality and FlexibilityDrive on Safety, Quality and FlexibilityDrive on Safety, Quality and FlexibilityDrive on Safety, Quality and FlexibilitySafe Production Management strategy

• Reduce the grade-gap and leverage the Mine Call Factor• Increase available mineable reserves• Continued focus on secondary support and shaft infrastructure

22

Continued focus on secondary support and shaft infrastructure

FOCUS ON SAFE MINING, QUALITY AND MECHANISATION

23

Pillar Mining ReviewSOUTH AFRICA REGIONSOUTH AFRICA REGION

25 000

Pillar Mining Comparison as at 30 June 2009Kloof Driefontein

1 459

1,2581,39820,000

25,000

802 891

1,459783

10 000

15,000

Moz

8,844 8,441

1,424 1,189 16,985 16,021

5,000

10,000

0F2009 F2010 F2009 F2010

Kloof Excl Pillars Kloof Pillars Kloof Shaft Pillar

• Shaft pillars are scheduled at conservative rates

Kloof Excl. Pillars Kloof Pillars Kloof Shaft PillarDriefontein Excl. Pillars Driefontein Pillars Driefontein Shaft Pillars

REMOVED 1.8 Moz FROM DRIEFONTEIN AND KLOOF PAST 2 YEARS

24

West Wits Tailings ProjectSOUTH AFRICA REGIONSOUTH AFRICA REGION

24“5TH MINE IN SOUTH AFRICA”

25

West Wits Tailings ProjectSOUTH AFRICA REGIONSOUTH AFRICA REGION

West Wits Tailing Processing Project (TSF’s)West Wits Tailing Processing Project (TSF’s)West Wits Tailing Processing Project (TSF’s)West Wits Tailing Processing Project (TSF’s)

• Drilled 30,000 metres in F2009• Modelled and evaluated 13 TSF sites• Cut-off grade calculated per TSF at US$75 lb

F ibilit t d t b l t d b d F2010• Feasibility study to be completed by end F2010• The underground uranium Mineral Resource is based on

a LoM design & scheduled Mineral Reserve – by-product

West Wits West Wits TSFTSF

Tonnes Tonnes ((Mt)Mt)

Gold Gold GradeGrade

(g/t)(g/t)

Gold Gold Content Content

((kg)kg)

Gold Gold Content Content (('000 oz)'000 oz)

Uranium Uranium grade grade ((kg/t)kg/t)

Uranium Uranium ContentContent(000 kg)(000 kg)

Uranium Uranium Content Content (('000 lb)'000 lb)(g )(g ) (( g)g) (( )) (( g )g ) ( g)( g) (( ))

Measured 439.2 0.30 132,080 4,246 0.052 22,960 50,618Inferred 13.8 0.23 3,170 102 0.027 368 811

Total 453.0 0.30 135,250 4,348 0.052 23,328 51,429

U iU i U iU i U iU iWest Wits West Wits UndergroundUnderground

Tonnes Tonnes (Mt)(Mt)

Uranium Uranium grade grade ((kg/t)kg/t)

Uranium Uranium ContentContent(000 kg)(000 kg)

Uranium Uranium Content Content (('000 lb)'000 lb)

Inferred 157.3 0.074 11,649 25,681Total 157 3 0 074 11 649 25 681

25MINERAL RESOURCE DEFINED FOR SURFACE URANIUM AND GOLD

Total 157.3 0.074 11,649 25,681

26

WEST AFRICA REGIONWEST AFRICA REGION Overview

• Mi l R 20 5 M

Tarkwa and DamangTarkwa and DamangTarkwa and DamangTarkwa and Damang

• Mineral Resource 20.5 Moz• Mineral Reserve 12.5 Moz• Carbon In Leach (CIL) Plant expansion project at Tarkwa

commissioned in January 2009commissioned in January 2009• High Pressure Grinding Roll (HPGR) pilot project to be

commissioned in Q2 F2010 at Tarkwa• Post depletion Mineral Reserve ounces increased by 34% at

Damang• Aggressive near mine exploration drilling planned for F2010

OpportunitiesOpportunitiesOpportunitiesOpportunities

• Significant brownfields opportunities• Install secondary crusher at Damang Processing plant – objective

is to mitigate the current dependency on oxide ore

26

TARKWA PLANT EXCEEDED NAME PLATE CAPACITY (1 Mtpm) IN Q1 F2010

27

WEST AFRICA REGIONWEST AFRICA REGION Overview

• Need to test underground potential (ramps &

DPCB Extension (Huni)DPCB Extension (Huni)HuniHuni

DPCBDPCB

• Need to test underground potential (ramps & drill platforms)

• Re-optimization of the Huni Pit in F2009 revealed the existence of the ‘Huni Gap’ an i f ti t i d f 400

HuniHuni GapGapinformation constrained area of some 400m along strike.

• Drilling commenced in Q1 F2010 with 13 holes for 4,000m combined RC/DD

pp

N S

• Further drilling at Juno planned for Q2/Q3 F2010

JunoJunoDPCBDPCBHuniHuni

Huni GapInformation constrainedInformation constrained

JunoInformation constrainedInformation constrained

2.8km2.8km

27SIGNIFICANT OPPORTUNITIES

28

AUSTRALASIA REGIONAUSTRALASIA REGION Overview

• Mi l R 9 1 M

St. Ives and AgnewSt. Ives and AgnewSt. Ives and AgnewSt. Ives and Agnew

• Mineral Resource 9.1 Moz• Mineral Reserve 3.0 Moz• Extensional and brownfields discovery positive at SIGM and

AgnewAgnew• Link drive between Agnew’s Kim and Main lodes will be

completed early in F2010 (Q2)• Increase in Mineral Reserve ounces of 22 per cent net of

depletion due to increase in gold price and discovery• Termination of the Morgan Stanley Royalty (post Reserve

declaration)

OpportunitiesOpportunitiesOpportunitiesOpportunities

• Agnew: Waroonga underground depth extension• St Ives: Highly prospective lease – endowment rated high • Focus on near mine exploration

28WELL POSITIONED FOOTHOLD IN THE REGION

29

SOUTH AMERICA REGIONSOUTH AMERICA REGION Overview

• Gold Mineral Resource 4 2 Moz

Cerro CoronaCerro CoronaCerro CoronaCerro Corona

Gold Mineral Resource 4.2 Moz• Copper Mineral Resource 1,429 million pounds• Cu-Au equivalent Mineral Resource 8.1 Moz • Gold Mineral Reserves 2.8 MozGold Mineral Reserves 2.8 Moz • Copper Mineral Reserves 988 million pounds• Cu-Au equivalent Mineral Reserve 5.5 Moz• Revision to the geotechnical model has resulted in a change ofRevision to the geotechnical model has resulted in a change of

the slope angles within the pit (waste to ore ratio increases from 0.60 to 0.81)

• Production blast hole data for the initial period indicate a positive reconciliation between the long term reserve and short termreconciliation between the long-term reserve and short term Grade Control models

OpportunitiesOpportunitiesOpportunitiesOpportunities• Cerro Corona - potential to convert significant additional

resource to reserve (key management focus)

29+ 5 MILLION OUNCES Cu – Au EQUIVALENT

30

SOUTH DEEPTHE MINE OF THE FUTURE TAKING SHAPETHE MINE OF THE FUTURE TAKING SHAPE

Vishnu Pillay

Head: South Africa RegionHead: South Africa Region

31

SOUTH DEEP PROJECTSOUTH DEEP PROJECT Two Key Targets

F2010 TARGET

• Continue “Safe Production” improvements • Build-up to 300 koz (65 koz for Q1: Plan + 6%)• Commence optimisation to long hole stoping

DECEMBER 2014 TARGET

• Complete required infrastructure• Attain full production rate (~750 to 800 koz/pa)• Achieve world class productivitiesAchieve world class productivities

ON TRACK TO ACHIEVE F2010 AND F2014 TARGETS

32

F2010 Target: 300 kozSOUTH DEEP PROJECTSOUTH DEEP PROJECT

• Fully mechanised and modernised operation Jumbo drill rigs increased from 8 to 16 units over the past 8 months Jumbo drill rigs increased from 8 to 16 units over the past 8 months

Achieved success with first long hole stopes

• Motivated team in place• Motivated team in place Mark Morcombe appointed as Vice President

– Australian mechanised mining skills brought to bear

Effective incentive plan developed

• Rock hoisting Hoisting re-instated at South Shaft - additional hoisting capacity of g g p y

~60ktpm

Record hoist at Twin Main Shaft in August ‘09 of 146,781tonsg

CONSTRAINTS TO F2010 BUILD-UP BEING ADDRESSED

33

Shaft InfrastructureSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Colour Coding: Red Up Cast.GreenDown CastGold Rock Handling Capacity

South Shaft

Twins Ventilation Shaft

Twins Main Shaft

Metallurgical Plant1 4km

33 Lvl

48 Lvl

49 Lvl

SV 1

50 Level Plugs SV 3

Intermediate Pump 51 Level Pump

Station

SV 2

1.4km

50 Lvl

53 Lvl

56 Lvl

58 Lvl

60 Lvl

63 Lvl

65 LvlRock Capacity of 151 ktpm

Rock Capacity 175 ktpm Rock Capacity of 195 ktpm (Design)

Shaft damaged

pStations

68 Lvl

70 Lvl

70a Lvl

71 Lvl

72 Lvl

75 Lvl

78 Lvl

(Design)

80 Level Pumps & Refrigeration

84 Level Pump Station

80 Lvl

83 Lvl

85 Lvl

87 Lvl

90 Lvl 90 Lvl

93 Lvl 93 Lvl

94 Lvl

94 Level Refrigeration

Plants

83 Level Backfill Plant

95 Lvl 95 Lvl

100 Lvl 100 Lvl

105 Lvl 105 Lvl

110 Lvl 110 Lvl

110a Lvl

95a Level Pump Station

Deepened Section

Challenge is the limited Storage from 95 Level to

95a Level

ROCK HOISTING PARTIALLY REINSTATED – SOUTH SHAFT110a Pump Station

34

Progress To F2010 TargetSOUTH DEEP PROJECTSOUTH DEEP PROJECT

50

60

70(k

oz)

History Post - Acquisition

• Reduction in VCR mining as of December ’07,hi h i fi ll t i t d i M h ’08

20

30

40

Pro

duct

ion which is finally terminated in March ’08

• Operation becomes fully mechanised post-March ‘08

0

10

20

Q1 F2009 Q2 F2009 Q3 F2009 Q4 F2009 Q1 F2010

Gol

d • 95 2-W and 95 3-W main access rampsstopped to install permanent support in May ‘08

2 000

2,500

3,000

(m)

Q1 F2009 Q2 F2009 Q3 F2009 Q4 F2009 Q1 F2010

Q1 F2009 to Q1 F2010

• Quarterly production increases from 27.3 to 65 3k

1,000

1,500

2,000

velo

pmen

t ( 65.3koz

September ‘09 production annualises at ~300koz (~9,300kg) (September actual ~775kg)

0

500

Q1 F2009 Q2 F2009 Q3 F2009 Q4 F2009 Q1 F2010

Dev • Development increases by 111%

Accelerated in support of planned production build-up

Q1 F2009 Q2 F2009 Q3 F2009 Q4 F2009 Q1 F2010

SEPTEMBER MONTH ANNUALISES AT ~300koz

35December 2014 Target:~750 to 800 kozSOUTH DEEP PROJECTSOUTH DEEP PROJECT

• Detailed design and production schedule for next 30 years

C it l t k t d li k il t• Capital programme on track to deliver key milestones

• All major infrastructure will be in place Development required to provide access to ore body

Deepening of Ventilation Shaft with rock hoisting capacity of 195ktpmp g g p y p

Ore silo capacity at shaft bottom as well as settler dams and pumps

New FPT backfill plant with associated backfill lines to workings New FPT backfill plant with associated backfill lines to workings

Fully operating refrigeration plant underground and ice plant on surfacesurface

Upgrade of metallurgical plant to mill 330ktpm

FULLY INTEGRATED PROJECT MANAGEMENT PLAN

36

Capital profile: F2010 to F2014SOUTH DEEP PROJECTSOUTH DEEP PROJECT

YearItem

Year

F2010 F2011 F2012 F2013 F2014

94 Level Refrigeration Plant94 Level Refrigeration Plant Phase 1

Twin Vent Shaft

Tailings Storage Facility

Plant Expansion to 330ktpm330ktpm

New Mine DevelopmentPhase 1

Total Capital (All projects) R1,727m R1,939m R2,199m R1,419m R1,126m

Note: Capital estimates in mid-2010 money

ALL PROJECTS ON TRACK

Note: Capital estimates in mid 2010 money

37Gold production profile & Costs: F2010 to F2015SOUTH DEEP PROJECTSOUTH DEEP PROJECT

350 000

400,000 25,000 Run rate Dec 2014 ~750 to 800 koz

300,000

350,000

20,000

g)

200,000

250,000 15,000

R/k

g

rodu

ctio

n (k

g

100,000

150,000 10,000

Gol

d Pr

~300 koz

-

50,000

-

5,000

F2010 F2011 F2012 F2013 F2014 F2015

Gold Production (kg) Operating Costs (R/kg) NCE (R/kg)

Note: Further optimisation work in progress

RUN RATE OF ~750 to 800 koz – DECEMBER 2014

Note: Further optimisation work in progress

38

F2009 Operational PlanSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Destress MiningTwin Shaft Complex

95 Level

Bulk Mining

Key Milestones (next 4-years)• Commission new Tailings Dam• Deepening & equipping of Ventilation Shaft

• Current extent of mining (voids)

• Deepening & equipping of Ventilation Shaft• Complete Twin Shaft Infrastructure• Refurbish South Shaft Complex • Develop 100, 105, 110 Levels and destress

projects below 95 Level

STATUS QUO - CURRENT MINE

39

F2010 Operational PlanSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Twin Shaft Complex

4 W

1-W

2-W3-W4-W

• Vent Shaft deepening starts in January 2010• Destressing in Phase 1 (3-W and 4-W)• Commissioning of Fridge Plant 1, 2 and 3

GREEN – DEVELOPMENT AND MINING IN F2010

40

F2011 Operational PlanSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Twin Shaft Complex

105 Level

• 105 Level reaches the 4-W Project

RED – DEVELOPMENT AND MINING IN F2011

41

F2012 Operational planSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Twin Shaft Complex

2-W

• 105 Level reaches 2-W• Destressing in Phase 1 (1-W and 2-W)• Bulk Mining in 3-W and 4-W

BLUE – DEVELOPMENT AND MINING IN F2012

42

F2013 Operational PlanSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Twin Shaft Complex

Vent Shaft commissioning

110 Level1-W

• Vent Shaft commissioning in July 2012• 105 Level reaches 1-W

BROWN – DEVELOPMENT AND MINING IN F2013

43

F2014 Operational Plan SOUTH DEEP PROJECTSOUTH DEEP PROJECT

Twin Shaft Complex

110 Level towards Phase 1 South ofSouth of Wrench

• Top access to Phase 1 South of Wrench starts

MAUVE – DEVELOPMENT AND MINING IN F2014

44

Scheduled Mineral ReservesSOUTH DEEP PROJECTSOUTH DEEP PROJECT

Twin Shaft ComplexTwin Shaft Complex

Phase NoW and SoW

Phase 1 North of Wrench

• Mining of Phase 1 North of Wrench complete in F2040

110 Level110 Level

Phase 1 South of Wrench

• Mining of Phase 1 South of Wrench starts in F2019

49% OF MINERAL RESERVES HAVE BEEN SCHEDULED14.5Moz OF RESERVES DESIGNED & SCHEDULED IN DETAIL

45

Mineral Reserves: F2010SOUTH DEEP PROJECTSOUTH DEEP PROJECT

• Five-fold increase in designed

Current MineCurrent Mine3.4 Moz

Old Mine1.1 MozTwin Shaft Complex

in designed Mineral Reserves by comparison to F2009

Phase 1 NoW9.0 Moz

Phase 1 VCR1.6 Moz

Wrench Fault• Mineral Reserves

increased by 1 1% to 29 5 Moz

Uncle Harry’sPhase 1 SoW

2.1 Moz

Wrench Fault

1.1% to 29.5 Moz

• Re-estimation and mine design t ti i

Phase 2 VCR1.8 Moz to continue in

preparation for F2011 reporting

Phase 210.5 Moz

1.8 Moz

• “Old Mine” opportunities being progressed

Designed & scheduled in detailN

Note: Rounding off errors may result in minor differences with other published figures

320 KOZ BY Q1 F201049% DESIGNED AND SCHEDULED IN DETAIL

Note: Rounding off errors may result in minor differences with other published figures

46

ConclusionsSOUTH DEEP PROJECTSOUTH DEEP PROJECT

• South Deep is a long-life world class ore body Mineral Reserves total 149 4Mt at 6 1g/t (~29 5Moz) Mineral Reserves total 149.4Mt at 6.1g/t (~29.5Moz)

Ore body geometry allows for efficient exploitation by modern mechanised mining methods (viz benching & long hole stoping)mechanised mining methods (viz. benching & long hole stoping)

• Performance improving Gold production for Q1 of F2010 is 6% above plan

Continued improvement in delivery against plan (F2009: 98% of Plan)

• Capital programme is on track Fully integrated project management plan with fully staffed PMOy g p j g p y

Projects currently on time and within budget

Controls enhanced by roll-out of project management system

ON TRACK TO ACHIEVE F2010 AND F2014 TARGETS

Controls enhanced by roll out of project management system

47

ST IVESST IVESA TRANSFORMATION UNDERWAY

Glenn BaldwinGlenn Baldwin

Head: Australasia Region

48

A Significant Land PositionST IVES GOLD MINEST IVES GOLD MINE

Kalgoorlie 50 kmKalgoorlie 50 km

Cave Rocks (0.2 Cave Rocks (0.2 MozMoz))

Greater Santa Ana (0.8 Greater Santa Ana (0.8 MozMoz) (Camp Scale potential)) (Camp Scale potential)

Belleisle (0.1 Belleisle (0.1 MozMoz))

Lefroy MillLefroy Mill

Heap LeachHeap Leach

St IvesSt IvesLeviathan (3.5 Leviathan (3.5 MozMoz))

Greater Revenge (2.1 Greater Revenge (2.1 MozMoz) (Camp scale potential)) (Camp scale potential)

Emerging Athena Camp (+1.7moz inventory)Emerging Athena Camp (+1.7moz inventory)

Argo (1.1 Argo (1.1 MozMoz))

Processing FacilityProcessing Facility

Underground MinesUnderground Mines

Open Pit MinesOpen Pit Mines

Junction (2.0 Junction (2.0 MozMoz))

A 10 MOZ PRODUCER AND GROWING

49

Athena CampST IVES GOLD MINEST IVES GOLD MINE

osei

don A DEVELOPING NEW

CAMP

P

Clift

Blue Lode

Basalt

Dolerite

Reserve Conversion4 Projects

Resource Growth

naDid

oZeusA

pollo

Clifton

Pollu

x 4 Projects

Target Definition2 Projects

Ath

e

Mac

beth

Yoric

k

Ham

letDArgo •Zeus

– 2m @ 28.6 g/t– 5m @ 5.0 g/t

• Dido– 6m @ 9.7 g/tSediments M

Diana

Felsic Intrusion

– 9m @ 2.3 g/t•Athena

– 1.3 Moz inventory– 771 koz in resource– 316 koz in reserves

• Hamlet

LEGEND

Structural Interpretation

Hamlet– 0.4 Moz inventory– 251 koz in resource– 83 koz reserve

•Yorick– 11m @ 2.4g/t– 4m @ 7.3g/t

F2010 DrillTargets

0 m 500 m 1,000m

“MOST SIGNIFICANT CAMP DISCOVERY IN AUSTRALIA”

4m @ 7.3g/t– 6m @ 7.6g/t

50

Athena MineralisationST IVES GOLD MINEST IVES GOLD MINE

309mNorthSouth

OxideSedimentLong Section

0m

South Shoot2-3m wide

8-20g/t

Central Shoot5-12m wide

5-12g/t

North Shoot3-7m wide

3-9g/t

ParingaBasalt

AthenaBasalt

8 20g/t69 holes

5 12g/t127 holes

3 9g/t13 holes

-300m

500m

“RIVALS THE GREAT JUNCTION MINE”

500m

51

Athena MineralisationST IVES GOLD MINEST IVES GOLD MINE

Cross Section of the Central Shoot

•Hosted in ParingaBasalt.

•Consistent Structure.

•Mineralised for 500m on•Mineralised for 500m on strike.

•Drill defined to 600m•Drill defined to 600m below surface.

•Average Width 8mOpen on strikeand at depthAverage Width 8m. and at depth

STEEPLY DIPPING WITH WIDTH & GRADE

52

Recent IntersectionST IVES GOLD MINEST IVES GOLD MINE

VISIBLE GOLD NUGGETS : STRIKE EXTENSION DRILLING

53

Athena ProjectST IVES GOLD MINEST IVES GOLD MINE

KEY METRICS

Project start date July 2009

First ore Q1 F2011First ore Q1 F2011

Full production Q1 F2012

Annual gold at full production 85 to 95koz

Life of Mine 10 to 15 yearsy

Initial capital cost A$95 million

Average NCE at full production A$ 770/oz

REAL VALUE POTENTIAL - 10 YEAR LOM NPV5 A$270M

54

Hamlet Recent ResultsHamlet Recent ResultsST IVES GOLD MINEST IVES GOLD MINE

NorthSouth 309m

Indicated

14m@13.1g/t 10m@21.1g/t

Inferred

@ g @ g

0m

0 5

Grammetres

-200m

0-55-10

10-2020-50

50-1000Planned holes

Not drilledPrecollar Drilled

Drilled Awaiting Assays

500mPending assay

A SIGNIFICANT ORE BODY

Drilled Awaiting Assays

55

Ongoing ExplorationST IVES GOLD MINEST IVES GOLD MINE

A$25 MILLION SPEND PLANNED FOR F2010

56

Athena - Hamlet OptionsST IVES GOLD MINEST IVES GOLD MINE

TWO NEW GOLD PROJECTS ONE KILOMETRE APART

57

Athena UndergroundST IVES GOLD MINEST IVES GOLD MINE

• Mechanised long hole retreat stoping

• Top down without backfilling initially

• Proven mining methods and techniques

• Consistent orebody strike • Consistent orebody strike Uniform Stope Shapes in Highly Competent rock

• 25m floor-to-floor sublevel interval

• Two Mines 1km Apart

OPTIONALITY WITH HAMLET!

58

Athena Accelerated Plan ST IVES GOLD MINEST IVES GOLD MINE

BOX CUT COMMENCED IN JULY

59

Production ProfileST IVES GOLD MINEST IVES GOLD MINE

600

400

500 Current resource base supports sustained production past F2020

300

400 p

200

0

100

F03 F04 F05 F06 F07 F08 F09 F10 F11 F12 F13 F14 F15 F16 F17 F18 F19 F20

Historical Production Forecast Production

“MAKING THE LION ROAR” – THE GROWTH PHASE

60

Royalty TerminationST IVES GOLD MINEST IVES GOLD MINE

1200

1400 First 25% of mines by cost Second 25% of mines by cost 3rd 25% of mines 4th 25% of mines

Cash cost $AUS for March 09 Qtr 

800

1000Before Royalty

TerminationAfter RoyaltyTermination

400

600

200

400

0

Rid

gew

ay

Cad

ia H

ill

Cha

lleng

er

ers

Tow

ers

Pea

k

Pau

lsen

's

Paj

ingo

JV

Mt R

awdo

n

Yan

dal

Agn

ew

San

dsto

ne

Coo

lgar

die

Cra

cow

Fost

ervi

lle

Sta

wel

l

Mt M

onge

r

Que

en-J

V

Ben

digo

Nor

sem

an

St Iv

es

Telfe

r

Padd

ingt

on

Wilu

na

aven

swoo

d

Jubi

lee

St Iv

es

Tana

mi

unris

e D

am

eaco

nsfie

ld

oorli

e W

est

Cow

al

Hen

ty

hern

Cro

ss

Sup

er P

it -…

Sup

er P

it -…

ra (G

wal

ia)

garn

Sou

th

Plu

toni

c

St Iv

es

St Iv

es

C

Cha

rte M C

San

d P

Ra

Su Be

Kal

go

Sou

th

Leon

or YilgSS

A$308 MILLION REDUCES CASH COSTS BY A$108/OZA$308 MILLION REDUCES CASH COSTS BY A$108/OZ(AT GOLD PRICE OF $1,200/OZ) (AT GOLD PRICE OF $1,200/OZ)

61

ConclusionsST IVES GOLD MINEST IVES GOLD MINE

Athena camp 4 Moz potential

Target to at least double the St Ives LoM

Five underground mines by F2011

Targeting 500koz p.a. steady state production by F2012F2012

THE TRANSFORMATION OF ST IVES

62

CONCLUSIONCONCLUSION

Nick HollandNick Holland

Chief Executive Officer

63

CONCLUSIONSCONCLUSIONS

Gold Fields has robust Reserves.

Long-term optionality for shareholders without hedge liabilitiesLong-term optionality for shareholders without hedge liabilities.

S th D t ti t li it t ti lSouth Deep starting to realise its potential.

International portfolio growing.

Uranium Mineral Resource proven up – feasibility underway

TO BE THE GLOBAL LEADER IN SUSTAINABLE GOLD MINING

64

QUESTIONS & ANSWERSQUESTIONS & ANSWERS