GOLD FIELDS LTD — Regulatory Filings 2016

Mar 29, 2016

6-K 1 Gold_Fields_Development.htm HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" Page 1

Development agreement concluded in Ghana

· A reduction in the corporate tax rate from 35.0% to 32.5%, effective 17 March 2016. · A change in the royalty rate from a flat 5% of revenue to a sliding scale royalty based on the gold price (as per table below), with effect from 1 January 2017.| | Royalty rate | Gold price | | --- | --- | --- | | 3.0% | | US$0 - 1,300/oz | | 3.5% | | US$1,300 - 1,449.99/oz | | 4.0% | | US$1,450 - 2,299.99/oz | | The term of the agreement, effective from 17 March 2016, will be for a period of 11 years for Tarkwa and nine years for Damang, each renewable for an additional five years. Ghana continues to be a key region for Gold Fields and we commend the Government of Ghana for creating a fair and competitive environment in the country.5.0% | | US$2,300/oz - unlimited |

Avishkar.Nagaser@goldfields.co.za

Sven.Lunsche@goldfields.co.za

ends

, R P Menell, D N Murray,