Gold Fields Limited · JSE:GFI

Gold Fields — Corporate Update (November 2011)

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

1. Slide 1: South America Region – Chucapaca Project

   South America Region – Chucapaca Project Investor Visit – Lima, Peru Day 1 | 14 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 Act of 1934. Such forward looking statements involve known and unknown risks, uncerta

3. Slide 3: Safety

   Safety Safety is our number one value and comes before all else ƒ If we cannot mine safely, we will not mine ƒ 26 months without LTIs ƒ More than 2.5 million man hours worked without LTI 3

4. Slide 4: Project Team

   Project Team Experienced project team ƒ Recently appointed Vice President – Concept and Studies ƒ Matt is a geologist with broad experience from greenfield exploration, mineral resource management through to mining Matt Dusci Exporation Manager ƒ He has been General Manager for Minera Gold Fields Pe

5. Slide 5: Joint Venture

   Joint Venture Both joint venture partners have an excellent track record of developing projects in Peru ƒ Gold Fields, with 51% interest in the joint venture, operates the project ƒ Buenaventura, a major player in Peru’s mining industry for more than 40 years, owns the remaining 49% of the project 5

6. Slide 6: Geology & Mineral Resource

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7. Slide 7: Chucapaca Project – Location

   Chucapaca Project – Location Titicaca Cerro Corona Lake 19 AREQUIPA 6 16 3 Chucapaca JV (CDH) Chucapaca PUNO Project TITIRE MINING CONCESSIONS Gold Fields Canteras del Hallazgo SYMBOLOGY Town !. Capital of Department MOQUEGUA Main Road Affirmed way Dirt Road BOLIVIA Pacific Ocean GRAPHIC SCALE TACNA

8. Slide 8: Physiography (DTM)

   Physiography (DTM) Titicaca Cerro Corona Lake 19 6 16 3 Chucapaca JV (CDH) Chucapaca Project TITIRE M MINING CONCESSIONS S Gold Fields Canteras del Hallazgo SYMBOLOGY Town !. Capital of Department Main Road Affirmed way Dirt Road ELEVATION (masl) BOLIVIA 5500 5000 Pacific 4500 4000 Ocean 3500 GRAPHI

9. Slide 9: Mineral Deposits

   Mineral Deposits LEGEND Quaternary Lakes Alluvial deposits Glacial - fluvio-glacial deposits Cenozoic Titicaca Late Miocene - Recent volcanic arc (andesite) Lake Paleogene andesite intrusion Miocene rhyodacite rhyolite intrusion Miocene lacustrine sediments and tuffs Continental sedimentary rocks an

10. Slide 10: District Geology

    District Geology Canahuire Chucapaca Domes Complex 10

11. Slide 11: Canahuire Deposit

    Canahuire Deposit View Looking West Diatreme breccia Hualhuani Fm. Complex Gramadal Fm. Gramadal Fm. Chucapaca dome Labra Fm. complex Looking to West 11

12. Slide 12: Timeline to Discovery

    Timeline to Discovery © cx ieLos Sep 2008 May 2010 Sep 2011 Oct 2011

13. Slide 13: Drill Metres

    Canahuire Resource Definition Drilling GF Phase 2 (July 2010 – Oct 2011) Total Meters –72,089m 24,000 GF Phase 1 (June 2009 – June 20,000 2010) Total Meters – 15,235m Drill Metres 16,000 BVN (July 2008 to May 2009) 12,000 Total Meters – 7,056m 8,000 4,000 - BVN Phase 1 Total Drill Metres (including

14. Slide 14: Major Intercepts

    Major Intercepts CCP10_088 C CCP10_103 CCP09_060 131 131. 131.9 m @ 3.29g/t 163.50 m @ 3.71g/t CCP09_052 48.0m @ 18.71g/t Au Au 38.9m @ 10.1g/t Au Au DRILLING Buenaventura Gold Fields : 2009 009 - 2010 CCP11_280 Gold Fields : 2010 010 -2011 76.0m @ 7.71g/t Au CCP11_295 CCP1 1_29 95 72.7m @ 7.2 20g/t

15. Slide 15: Canahuire Deposit

    Canahuire Deposit Cross Section 300W Silver (Breccia -BXP Gold (Replacement in limestone – CAL) Gold and Copper (Breccia –BXPS) Au (g/t) - Left Cu (ppm) - Right ≥5 ≥ 3,000 2-5 1-2 2,000 - 3,000 1,000 - 2,000 Gold (Replacement in 0.5 - 1 0.3 – 0.5 400 – 1,000 < 400 limestone and 0.1 – 0.3 < 0.1 struc

16. Slide 16: Canahuire Deposit

    Canahuire Deposit Cross Section 300W CCP09_024 46 m @ 1.13g/t Au, 0.08% Cu, 8.71g/t Ag CCP09_29A CCP09_024 59.63 m @ 1.82g/t Au, 35.6 m @ 2.06g/t Au, 0.06% Cu, 7.44g/t Ag 0.04% Cu, 1.84g/t Ag CCP09_052 CCP10_085 38.9m @ 10.10g/t Au, 56.50 m @ 1.76g/t Au, 2.35g/t Ag & 0.03%Cu Au (g/t) - Left Cu (ppm)

17. Slide 17: Mineral Resource September 2011

    Mineral Resource September 2011 35% increase in Mineral Resource to 7.6Moz AuEq from 5.6Moz AuEq Grade Metal Tonnes Category Au Ag Cu AuEq Au Ag Cu AuEq (Mt) (g/t) (g/t) Cu (%) (g/t) (Moz) (Moz) (Mlb) (Moz) Measured - - - - - - - - - Indicated 92.6 1.5 11.6 0.09 1.8 4.3 34.6 178.6 5.5 Inferred 40.2

18. Slide 18: Mineral Resource

    Mineral Resource May 2010 Mineral Resource and Open Pit Shell (5.6Moz AuEq) Looking northeast, coloured by gold equivalent grades, blocks greater than 1.0 g/t AuEq E W 5.6 Moz AuEq Drilling completed to May 2010 18

19. Slide 19: Mineral Resource

    Mineral Resource September 2011 Mineral Resource Model and Open Pit Shell (7.6Moz AuEq) Looking northeast, coloured by gold equivalent grades, blocks greater than 1.0 g/t AuEq CCP10-137 E W CCP11_274 25.8m @ 2.00g/t Au, 0.08% Cu 62.2m @ 5.23g/t Au, 0.16% Cu & 6.07g/t Ag from 409.4m & 22.68g/t Ag fro

20. Slide 20: Mineral Resource

    Mineral Resource Mineral Resource (Indicated & Inferred) – OP Constrained 180 2.0g/t COG 4.0 1.0 COG 35.7Mt @ 3.7g/t AuEq for 81.6Mt @ 2.44g/t AuEq 4.3Moz AuEq 160 for 6.6Moz AuEq 3.5 140 3.0 120 2.5 100 Tonnes Grade 2.0 (Mt) (g/t AuEq) 80 1.5 60 Tonnes -Sep11 1.0 40 Tonnes - May 10 Grade - Sept 11

21. Slide 21: Mineral Resource – Sensitivity to Metal Price

    Mineral Resource Sensitivity to Metal Price 150.0 25% Increase in Metal Prices 2.50 Tonnes • 9% increase in tonnes •2% increase in metal 145.0 Grade (AuEQ - g/t) (~7.8Moz AuEq) Grade (Au - g/t) 2.25 140.0 Average Grade Above Cut-off (Au) 135.0 Tonnes above Cut-off (Mt) 2.00 130.0 125.0 1.75 120.0 1.

22. Slide 22: Mineral Resource – Sensitivity to Costs

    Mineral Resource Sensitivity to Costs 150.0 25% Decrease in Costs 2.50 • 11% increase in tonnes Tonnes 145.0 •4% increase in metal Grade (AuEQ - g/t) (~7.9Moz AuEq) 2.25 Grade (Au - g/t) 140.0 Average Grade Above Cut-off (Au) 135.0 Tonnes above Cut-off (Mt) 2.00 130.0 125.0 1.75 120.0 1.50 115.0 110

23. Slide 23: Exploration Potential

    Exploration Potential Untested Exploration Potential within the Chucapaca AOI 23

24. Slide 24: Exploration Potential

    Exploration Potential Titan Geophysical Survey – Deep Search Ground IP Canahuire C° Chucapaca Agani CCP11_414 24

25. Slide 25: Summary: Geology and Mineral Resource

    Summary: Geology and Mineral Resource Canahuire – world class “quality” discovery in Southern Peru ƒ Rapidly advanced project from discovery ƒ 7.6Moz AuEq Mineral Resource (70% Indicated) in 3yrs from discovery ƒ Strong geological understanding of mineralisation controls ƒ Robust and quality Mineral

26. Slide 26: Project Summary

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27. Slide 27: Mining Parameters

    Mining Parameters Would be the 4th largest gold mine in South America if in operation today ƒ Mineable resources ƒ Ore production: 30,000 tpd ƒ Strip ratio: 5.8 : 1 ƒ Life of mine: ~10 years ƒ Gold production: ~400 – 600koz Au-Eq per year ƒ Mining equipment: 240T trucks, hydraulic excavators 27

28. Slide 28: Pit Design

    Pit Design Currently designed with dual ramps N Highest bench: 4,974 m Lowest bench: 4,366 m Total pit height: 616 m 1.3 km Area: 149 Ha 1.6 km 28

29. Slide 29: Process and Metallurgy

    Process and Metallurgy ƒ Type of process ƒ Gravity, Flotation & CIL ƒ Process Plant design criteria: ƒ Plant throughput: 30,000tpd ƒ Plant availability: 92% ƒ Design factor: 15% ƒ SG of ore: 2.91 29

30. Slide 30: Process Flow

    Process Flow © 1ELDS Au, Ag

31. Slide 31: Main Components Process Plant

    Main Components Process Plant ƒ Primary Crusher ƒ Milling Plant ƒ CIL Plant ƒ Acid wash and elution 31

32. Slide 32: Primary Crusher

    Primary Crusher 32

33. Slide 33: Milling Circuit

    Milling Circuit 33

34. Slide 34: CIL

    L C Fievos

35. Slide 35: Acid Wash and Elution

    Acid Wash and Elution 35

36. Slide 36: General Layout

    General Layout (SHORT VIDEO, BASED ON GOOGLE EARTH, LINKED) 36

37. Slide 37: Project Parameters

    Project Parameters Scoping Study Feasibility Study June 2010 Q2 2012 Tonnes (Mt) Grade AuEq Metal AuEq Tonnes (Mt) Grade AuEq Metal AuEq Inferred 83.7 2.1 5.6 40.2 1.7 2.2 Resources Indicated - - - 92.6 1.8 5.5 Total 83.7 2.1 5.6 132.7 1.8 7.6 Throughput 20,000 tpd 30,000 tpd Production 300-400koz/y

38. Slide 38: Indicative Timeline - Milestones

    Indicative Timeline - Milestones 38

39. Slide 39: Local Social Context

    Local Social Context ƒ Five year agreements signed with communities ƒ Strong community support for the project ƒ Land acquisition negotiations ongoing ƒ Intensive training and local employment Program 39

40. Slide 40: Environmental Impact Assessment (EIA)

    Environmental Impact Assessment (EIA) ƒ Golder Associates developing EIA ƒ Social and environmental baseline studies completed ƒ Project description to be completed in January 2012 ƒ First round of public consultation successfully completed ƒ Next stages scheduled March 2012 40

41. Slide 41: Environmental Impact Assessment

    Environmental Impact Assessment 41

42. Slide 42: Water Supply

    Water Supply ƒ Mine total requirements estimated at 180l/s ƒ 10 million m3 reservoir capacity would suffice ƒ 30 million m3 water reservoir to be constructed ƒ Surplus will be made available to communities ƒ Technical studies completed ƒ The EIA baseline studies scheduled for completion during Q4 20

43. Slide 43: Water Supply

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44. Slide 44: Conclusion

    Conclusion 9 Experienced team 9 Strong track record of developing projects in Peru 9 Quality Resource 9 Exploration upside 9 Studies being developed without surprises 9 Strong community support 44

45. Slide 45: Questions?

    Questions? CE Fievos

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