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GOLD FIELDS LIMITED — Director's Dealing 2026
Mar 13, 2026
48726_rns_2026-03-13_c86f7958-279a-47c8-a8e0-11f4b0b2ca57.pdf
Director's Dealing
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Gold Fields Limited
Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
JSE, NYSE, DIFX Share Code: GFI
ISIN Code: ZAE000018123
("Gold Fields" or the "Company")
DEALINGS IN SECURITIES - ACCEPTANCE OF CONDITIONAL SHARE RIGHTS
In compliance with paragraphs 6.77 to 6.90 of the Listings Requirements of the JSE Limited (the "Listings Requirements") the Company hereby advises that Executive Directors, Prescribed Officers of Gold Fields and Directors of major subsidiaries of the Company, (collectively, "Directors") of Gold Fields have accepted conditional Performance Share Rights ("PSR"), conditional Restricted Share Rights ("RSR") which were awarded in terms of the Gold Fields Share Incentive Plan 2025 ("Scheme").
The Performance Share Rights ("PSR") are effective from 1 March 2026 and are subject to a three-year vesting period. The price per share used to determine the allocation of PSR was the 20-day volume weighted average price ("VWAP") from 2 February 2026 to 27 February 2026, as defined in the Scheme. Vesting of the PSR will be determined by the Company based on the achievement of the prescribed performance conditions measured over the three-year performance period from 1 January 2026 to 31 December 2028.
With regards to the Directors RSR awarded under the Scheme as part of the deferral of a Short-Term Incentive ("STI") payment that has already been performance assessed, are effective from 1 March 2026. The price per share used to determine the allocation of RSR was the 20-day VWAP from 2 February 2026 to 27 February 2026, as defined in the Scheme. The RSR are subject to continued employment conditions and a two-year holding period, vesting in 2028.
Accordingly, the following acceptances of conditional PSRs and DSRs are disclosed:
| Name of Executive Director | MJ Fraser |
|---|---|
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 13,312 |
| Number of PSR Awarded | 46,854 |
| Maximum number of Rights awarded | 60,166 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R51,721,659.78 |
| Name of Executive Director | AT Dall |
| --- | --- |
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 3,317 |
| Number of PSR Awarded | 13,496 |
| Maximum number of Rights awarded | 16,813 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R14,453,283.68 |
| Name of Prescribed Officer, Director of Major subsidiary | J Magagula |
|---|---|
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 2,893 |
| Number of PSR Awarded | 11,741 |
| Maximum number of Rights awarded | 14,634 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R12,580,107.86 |
| Name of Prescribed Officer, Director of Major subsidiary | KM Carter |
| --- | --- |
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 3,583 |
| Number of PSR Awarded | 12,004 |
| Maximum number of Rights awarded | 15,587 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R13,399,353.64 |
| Name of Prescribed Officer | CO Gratias |
| --- | --- |
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 4,219 |
| Number of PSR Awarded | 13,935 |
| Maximum number of Rights awarded | 18,154 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R15,606,073.39 |
| Name of Prescribed Officer | F Swanepoel |
| --- | --- |
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 4,493 |
| Number of PSR Awarded | 14,985 |
| Maximum number of Rights awarded | 19,478 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R16,744,249.07 |
| Name of Prescribed Officer | M Steyn |
|---|---|
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 4,451 |
| Number of PSR Awarded | 12,845 |
| Maximum number of Rights awarded | 17,296 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R14,868,494.29 |
With regards to the Company Secretary the RSR are effective from 1 March 2026. The price per share used to determine the allocation of RSR was the 20-day VWAP from 2 February 2026 to 27 February 2026, as defined in the Scheme. This RSR is not part of the deferral of a STI payment and is subject to continued employment, that will vest in 2029.
Accordingly, the following acceptance of conditional PSRs and RSRs are disclosed:
| Name of Company Secretary | A Weststrate |
|---|---|
| Nature of transaction | Off market acceptance of conditional share rights in respect of ordinary shares |
| Nature of interest | Direct and beneficial interest in rights |
| Transaction Date | 11 March 2026 |
| Number of RSR Awarded | 669 |
| Number of PSR Awarded | 1,505 |
| Maximum number of Rights awarded | 2,174 |
| Deemed market price per share for determining allocation | R859.6493 |
| Exercise price of rights | Nil |
| Deemed market value | R1,868,877.58 |
In terms of paragraph 6.83 of the Listings Requirements the necessary clearances to deal in the above securities have been obtained.
13 March 2026
Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd