Gold Fields Limited · JSE:GFI

Gold Fields — Corporate Update (November 2011)

17 slides from Gold Fields's corporate update, Nov 14, 2011

1. Slide 1: South America Region Overview

   South America Region Overview Investor Visit – Lima, Peru 14 - 15 November 2011

2. Slide 2: Forward Looking Statement

   Forward Looking Statement Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange g Act of 1934. Such forward looking statements involve known and unknown risks, uncer

3. Slide 3: South America Region: Overview

   South America Region: Overview Gold Equivalent Production and NCE Margin (2008 – 2011)1 '000 ounces % 450 61 70 Cerro C Corona 400 56 60 350 50 Lima PERU 300 250 35 40 Chucapaca Project 200 406 30 150 332 303.1 20 100 50 10 74 0 0 2008 2009 2010 2011 YTD Au-Eq production (LHS) NCE Margin (RHS) Miner

4. Slide 4: South America Region: Fiscal Regime

   South America Region: Fiscal Regime New Government in Peru  Ollanta Humala – initial positive signaling  Cabinet and Central Bank – continuity  Moderated campaign speech – convert?  Most likely scenario: remain “a la Lula”  Social issues remain critical  Potential conflicts/unrest  Non-bindin

5. Slide 5: South America Region: Introduction

   South America Region: Introduction Building a Million Ounce Region – from Peru to Chile and Argentina  Peru remains a competitive mining environment  Cerro Corona optimization and growth opportunities to grow to ~500koz p.a.  Deliver Chucapaca Project - first production expected by 2015  Signifi

6. Slide 6: South America Region: Key Achievements

   South America Region: Key Achievements Key Achievements 2008 to Date: A track record of delivery  Completed construction & ramp-up ramp up in record time Cerro C C Corona  Transitioned a project into a world-class operation Construction  Completed TMF 3746 raise below budget  Cerro C C Corona d

7. Slide 7: Cerro Corona: Sustained Improvement In Performance

   Cerro Corona: Sustained Improvement In Performance  Sustained improvement p in p performance Plant Throughput and Recoveries (2008 – 2011 YTD) 850 100  Delivering optimization projects 800 800 777 90  Throughput >800 tph 750 729 80  Au recovery >65% ughput (tph) 82.9 82.7 80.2 700 Recoverry (%)

8. Slide 8: Cerro Corona: Production Above Original Parameters

   Cerro Corona: Production Above Original Parameters  Sustained production above project parameters  Steady increase in Au production  Cu production above plan but declining due to decreasing head grades Production (2008 – 2011 YTD) 600 000 41 402 45 000 37 100 40 000 500 000 alent ounces 406 280 3

9. Slide 9: Highest NCE Margin Operation in the Group

   Highest NCE Margin Operation in the Group NCE, Cash Cost, NCE margin and Operating margin (2008 – 2011)  Sustained increase in profit margins 1600 72 80 70.7  61% NCE margin 1400 62.4 70 61.0 56.5  72% operating margin 1200 60 1000 50 US$/oz  Lowest cost producer in the Group (YTD 2011) 42.9 % 8

10. Slide 10: Strategic Objectives

    South America Region: Strategic Objectives Strategic Objectives  Optimization of Cerro Corona  Increase throughput Optimise  Increase recoveries Our Assets  Grade control  LOM optimisation  Cerro Corona  Convert resources to reserves Grow G  LOM tailings and waste storage optimisation Gold F

11. Slide 11: Cerro Corona Optimization Projects Underway

    Cerro Corona Optimization Projects Underway  Optimization program launched Q4 2010 – actual results show a 2-3% increase in recoveries  Metallurgical task team in place  Dual focus: increase recoveries and throughput Recovery and Grades 100 1.75 95 1.55 90 85 1.35 Recovery % 80 Grade G 1.15 75 70

12. Slide 12: Potential To Increase Reserves at Cerro Corona

    Potential To Increase Reserves at Cerro Corona  Potential to increase ~40Mt of reserves (~1.8 million gold equivalent ounces) Cerro Corona Reserves (million dmt)  15,000m infill drilling programme completed since 2010  New geological model by Q4 2011  Corona Deeps drilling programme scheduled fo

13. Slide 13: Cerro Corona Oxides Project

    Cerro Corona Oxides Project Significant value to be monetised at Cerro Corona 7,000 1.70  7.2Mt of oxides @ 1.37g/t g 6,000 1.60  Alternatives for treatment analyzed  Best current option: heap leach 5,000 1.50  Gold production: ~250koz to be recovered 4,000 1.40  Key milestones  Pre-feasibilit

14. Slide 14: South America Region – Greenfields Exploration

    South America Region – Greenfields Exploration Significant growth upside through our exploration portfolio Peru 10°  Moquegua, q g , Tacna and Amantina JV ((70% % GFI))  Encouraging surface results at Chocamane, Ichocollo, Pacosani and Chapi Chiara 0°  Two targets currently being drilled with ano

15. Slide 15: South America Region: 5 Year Plan

    South America Region: 5 Year Plan To be the best place to work in the industry To be the Consolidate leader in operational sustainable efficiency gold mining Gold Fields Fields’ best operation in 2015 Resource Increase conversion at Production Cerro Corona (build a and million ounce* Chucapaca regio

16. Slide 16: South America Region: 5 Year Target

    South America Region: 5 Year Target A clear and focused strategy to deliver high margin growth The Gap  Peru greenfields  Regional diversification 200-300 koz  Chile  Argentina  Colombia Chucapaca Cerro Corona Phase II expansion p Oxides project 800koz au-eq either in development Current Base P

17. Slide 17: Questions?

    Questions?

Gold Fields — Corporate Update (November 2011) on 6ix