Gold Fields Limited · JSE:GFI

Gold Fields — Merger or Acquisition (July 2022)

70 slides from Gold Fields's merger presentation, Jul 11, 2022

1. Slide 1: A Combination for Long Term Value Creation

   A Combination for Long Term Value Creation Acquisition of Yamana Gold – Market Update 11 July 2022

2. Slide 2: Today's Presenters

   Today’s Presenters Chris Griffith Luis Rivera Dr Matthew Crawford Peter Marrone Chief Executive Officer Executive Vice President Principal Exploration Executive Chairman Americas Region Geologist Yamana Gold 1

3. Slide 3: Why We Are Acquiring Yamana

   Why We Are Acquiring Yamana What We See Why This Deal  Gold Fields has consistently invested to grow the value Winning Combination and quality of its portfolio  Complementary portfolios greater than the sum of its parts  We have strong conviction in our ability to deliver superior value from Yama

4. Slide 4: Outlining the Value Opportunity Seen by Gold Fields

   Outlining the Value Opportunity Seen by Gold Fields US$  Gold Fields believes it has the unique combination of technical and financial capabilities to realise the full potential of Yamana’s assets Yamana Offer Value at 10D VWAP Prices:  All-share acquisition of Yamana based US$6.7bn on a 0.600x ex

5. Slide 5: Transaction Rationale Anchored in Long-term Decision-Making

   Transaction Rationale Anchored in Long-term Decision- Making to Grow the Value and Quality of Our Portfolio  Transaction motivated by capturing long-term value  Short term cash flow dilution is acknowledged – this transaction is an investment in longer term replacement, growth and fundamental valu

6. Slide 6: Combining Two Industry Leaders to Create a Gold Major

   Combining Two Industry Leaders to Create a Gold Major with an Strong Platform for Returns and Growth Yamana Gold Fields  Over 1Moz annual gold production underpinned by low  Over 2.3Moz annual gold production cost performance  World-class asset portfolio including Malartic, Jacobina,  Set to ram

7. Slide 7: Deal Rationale Driven by Strong Industrial Logic

   Deal Rationale Driven by Strong Industrial Logic  Comparable track record of long-term value creation and high quality, low-risk portfolios What Yamana Strategic Context  Market rewarding scale, free cash flow generation and responsible growth sees…  A transformative transaction is the best path

8. Slide 8: Best Option to Create Lasting Value for Yamana

   We Believe This is the Best Option to Create Lasting Value for Yamana  Both companies undertook an extended review process  Each company had other options and none were as compelling as this transaction: we selected Gold Fields and they selected Yamana out of the many options under consideration 

9. Slide 9: Strategic Context

   Strategic Context  Track record of creating superior value through successful execution of our strategy  In a position of relative strength from which to address systemic challenges in our industry  Ready to deliver the next phase of value creation

10. Slide 10: Who is Gold Fields?

    Who is Gold Fields? Project Development Operational Excellence & Brownfields & M&A Our Core Improvement Exploration Competencies  We have built, commissioned  Bought unloved assets and  Successful brownfields  Successful track record of value- and delivered projects drove operational exploration

11. Slide 11: Our Core Competencies and DNA Drive Our Strategic Decisions

    Our Core Competencies and DNA Drive Our Strategic Decisions Our Core Competencies Our DNA Project Operational Brownfields / Capital M&A Grow Margins Grow Life Development Excellence Exploration Discipline Acquisition of St Ives, Agnew, Lawlers and Granny Smith Acquired and Built Gruyere Re-invested

12. Slide 12: Track Record of Extending Asset Lives Through Exploration

    Gold Fields Has a Successful Track Record of Extending Asset Lives Through Exploration A B C B C A Gold Fields Initial Reserves Reserves 2021 Gold Discovered Reserve Production (100% Basis)(1) (100% Basis)(3) by Gold Fields(4) Multiplier(5) (100% Basis)(2) 2000 Tarkwa 6.5 Moz 12.9 Moz 5.8 Moz 12.3 M

13. Slide 13: Extensive Experience in Bringing Development Projects Into Production

    Extensive Experience in Bringing Development Projects Into Production...  Discovered in March 2011, with Pre-Feasibility Study completed in March 2017 followed by Definitive Feasibility Study in February 2018 Salares Norte  Construction decision made in February 2020 with first gold anticipated in

14. Slide 14: Our Strategy has Created Considerable Shareholder Value

    Our Strategy has Created Considerable Shareholder Value Significant Improvement in Key Performance Indicators between ...Underpins High Shareholder Returns vs. Key Gold Peers 2016 and 2021... Adjusted Free Cash Flow per Ounce Total Shareholder Return(4) (US$/oz AuEq)(1) (5-years ended 27-May-22, %)

15. Slide 15: Strong Position Relative to Challenges Faced by the Industry

    …And has Placed Us in a Strong Position Relative to Challenges Faced by the Industry We are Well-Positioned vs. Peers Because of the Capital Gold Sector is Facing Challenges and We Are Not Immune Allocation Decisions We Have Made... Wood Mackenzie Global Gold Production (Moz) Wood Mackenzie Producti

16. Slide 16: Executing the Third Pillar of Our Strategy

    Executing the Third Pillar of Our Strategy  Following our ongoing delivery of South Deep and Salares Norte, focus shifting towards growing the value and quality of our portfolio  Gold sector is facing a systemic reserve replacement challenge as exploration is yielding weaker returns  Competition

17. Slide 17: Winning Combination

    1 Winning Combination  Most compelling option for next phase of growth  Natural extension of our existing strategy and expertise  Complementary portfolios drive a combination which is greater than the sum of its parts

18. Slide 18: Why Yamana is a Strong Strategic Fit

    Why We Believe Yamana is a Strong Strategic Fit Our Screening Criteria 41 1 Asset Quality (LoM + AISC)  Canadian Malartic – top 10 asset globally(1)  Jacobina – one of the lowest cost gold mines in the Americas  Robust free cash flow generation 2 Grow Cash Flows  Growth initiatives identified/un

19. Slide 19: Strategically Aligned Assets and Capabilities

    Strategically Aligned Assets and Capabilities Commentary 6 St Ives; Granny Smith; Malartic (Odyssey); Underground mining – core expertise  Core expertise within Gold Fields Agnew; South Deep Jacobina; El Peñón Salares Norte; Gruyere; Canadian Malartic;  Proven recent experience in developing Devel

20. Slide 20: More Stable Production Profile at Greater Margins

    Opportunity to Deliver a More Stable Production Profile at Greater Margins vs. Status Quo Potential to Maintain Production Profile into the Medium Term… (AuEq Moz)  Enlarged asset portfolio adds significant capital allocation 3.81 (1) 3.27 (1) 3.43 (1) c. 4.0Moz AuEq steady-state production(2) flex

21. Slide 21: Highly Complementary Free Cash Flow Generation Profiles

    Highly Complementary Free Cash Flow Generation Profiles… Near-term Path Towards 4.0Moz AuEq Combined Production Deep Uncommitted Growth Pipeline Phased After 2024 Attributable Production, Moz AuEq(1)(2)(3) 2022 2023 2024 2025 2026 2027 2028 2029 2030+ Guidance Future Growth Options South Deep (4) An

22. Slide 22: Yamana Acquired at a Lower Cost to Other Alternatives

    ...Acquired at a Lower Cost to Other Explored Alternatives Yamana Highly Attractive vs. Sector Opportunity Set on a Pure Value Basis  Limited opportunity set of available Total Acquisition Cost = (Acquisition EV(1) + Development Capex + All-in Cost) / LoM Production (US$/oz) world-class assets  In

23. Slide 23: Complementary Cultures to Enhance Operational and Technical Excellence

    Complementary Cultures to Enhance Operational and Technical Excellence Optimisation Through Technology Leverage Regional Platforms Sharing Best Practices  Utilise technology to bolster profitability, increase  Strong local community relationships and track  Gold Fields and Yamana to combine best-

24. Slide 24: Similarities in Underlying Geology

    Provides Foundation to Unlock Yamana’s Potential Given Similarities in Underlying Geology  Addition of operations we know how to mine and explore  Increased automation as per our Orogenic Au Australian and South African operations  Optimisation of development Paleoplacer Au + sequence Orogenic Au

25. Slide 25: Entry Into Canada with a World Class Asset

    Entry Into Canada with a World Class Asset  World class asset in a low risk, mining friendly tier-one jurisdiction Quebec Fraser Institute  Located in the highly prolific Abitibi Investment Attractiveness(1) region 6th / 84  Odyssey underground transition underway extending mine life to One of th

26. Slide 26: Forming a New Operating Hub in South America

    Forming a New Operating Hub in South America  Proven experience in creating regional Gold Fields – Ops and Dev Projects hubs (e.g. Australia) with realisation of Yamana – Ops and Dev Projects Yamana – Greenfields operational efficiencies CHILE Cerro Corona BRAZIL  Corporate synergies through share

27. Slide 27: Extensive Exploration Pipeline Provides Growth Optionality

    Addition of Extensive Exploration Pipeline Provides Longer- term Growth Optionality Exploration Jacobina Norte Development Projects MARA Near Term Potential Jeronimo (Pre-Feasibility) Execution Australian Assets Suyai (Life Extension) Agua de la Falda Wasamac Salares Norte (Feasibility/Permitting) L

28. Slide 28: Unlocking World Class Assets

    2 Unlocking World Class Assets  Substantial value opportunity within Yamana  Gold Fields' operating capabilities to realise full potential of combined portfolio  Larger projects (e.g. MARA) can be unlocked through Gold Fields’ financial and technical capabilities  Scope for operational synergies

29. Slide 29: Canadian Malartic, Canada (50%)

    FLAGSHIP ASSETS Canadian Malartic, Canada (50%) Overview One of the largest gold mines in a Tier-1 jurisdiction with significant growth potential Gold Fields’ Value Add  Enhanced financial capacity for continued investment to capture upside  Agnico Eagle gains a partner with expertise in orogenic

30. Slide 30: Canadian Malartic, Canada (50%) (Cont'd)

    FLAGSHIP ASSETS Canadian Malartic, Canada (50%) (Cont’d)  Only 47% of the 2.35 Moz of indicated Depth Below Surface (m) mineral resources and 13.15 Moz of ODYSSEY SOUTH inferred mineral resources (100% basis) SHAFT Upper Zones _ 500 included in the 2021 Odyssey mine plan Ramp Haulage ODYSSEY Lower

31. Slide 31: Canadian Malartic, Canada (50%) (Cont'd)

    FLAGSHIP ASSETS Canadian Malartic, Canada (50%) (Cont’d)  Nearby Camflo property added to land OPEN PITS CAMFLO Near-Mine Exploration Properties Transitioning from CM to Acquired in 2021 Current Mining Zones holdings in 2021 Processing Infrastructure Barnat. Open pit mining and stockpile reclaim 

32. Slide 32: Jacobina, Brazil (100%)

    FLAGSHIP ASSETS Jacobina, Brazil (100%) Overview Top tier, long life underground mine that has more than doubled production since 2014 Gold Fields’ Value Add  Considerable knowledge of paleoplacer geological systems (Tarkwa, South Deep)  Larger exploration budget to expedite priority exploration f

33. Slide 33: Jacobina, Brazil (100%) (Cont'd)

    FLAGSHIP ASSETS Jacobina, Brazil (100%) (Cont’d) Paleoplacer deposits 325000 350000 375000 Significant Exploration Potential account for 40% of the total  Paleoplacer geological system shared global gold endowment with Tarkwa and South Deep 8875000 334000 336000 Canavieriras Jaguarari 8758000 North

34. Slide 34: Jacobina, Brazil (100%) (Cont'd)

    FLAGSHIP ASSETS Jacobina, Brazil (100%) (Cont’d) Pathway to 350,000 Ounces Targeted Growth Supported by Geological Targets Gold Production (koz) Continue To Unlock Further Growth Through Incremental Improvements and Expansion Projects 350 Consistently Exceeding Expectations Through Incremental Impro

35. Slide 35: El Peñón, Chile (100%)

    FLAGSHIP ASSETS El Peñón, Chile (100%) Overview Cornerstone underground mine with strong cash flow generation Gold Fields’ Value Add  Modernisation of mining, exploration, estimation and geological techniques  Potential to improve plant performance through application of Tier 1 technology Producti

36. Slide 36: El Peñón, Chile (100%) (Cont'd)

    FLAGSHIP ASSETS El Peñón, Chile (100%) (Cont’d) Upside Potential El Peñón South Deeps Cross Section A – A’ (Looking North)  5.5 Moz gold and 137.6 Moz silver produced from 5 principal veins and 450,400 E 450,800 E 451,200 E 451,600 E 452,000 E 452,800 E ~40 subsidiary veins  Priority exploration s

37. Slide 37: Tarkwa, Ghana (90%)

    FLAGSHIP ASSETS Tarkwa, Ghana (90%) Overview Open pit operations with four deposits with mill capacity of 14.0Mtpa Key Highlights & Recent Achievements  Increasing pit-wall angles that reduces strip ratio increasing productivities  Strong ESG performance - 35% emissions reduction achieved in 2021

38. Slide 38: St Ives, Australia (100%)

    FLAGSHIP ASSETS St Ives, Australia (100%) Overview Operations include multiple open pit and underground mines along with a 4.7Mtpa capacity processing mill Key Highlights & Recent Achievements  Best reserve position in 10+ years  Cornerstone asset with a +15-year strategic outlook Production & AIS

39. Slide 39: Granny Smith, Australia (100%)

    FLAGSHIP ASSETS Granny Smith, Australia (100%) Overview Underground mining operations with an associated 3.5 Mtpa capacity mill Key Highlights & Recent Achievements  10-year mine life at average AIC of c. US$1,100/oz  Main ore source is the Wallaby underground deposit with average grade of 6 g/t A

40. Slide 40: South Deep, South Africa (96.7%)

    FLAGSHIP ASSETS South Deep, South Africa (96.7%)(1) Overview Underground bulk mechanised mine positioned to unlock significant value for Gold Fields Key Highlights & Recent Achievements  New mine design is showing strong positive signs with reduced seismicity  Each corridor is becoming capable of

41. Slide 41: Salares Norte, Chile (100%)

    FLAGSHIP ASSETS Salares Norte, Chile (100%) Overview High-grade, epithermal gold-silver, open pit deposit Key Highlights & Recent Achievements  Targeting first production end Q1 2023 with initial 11.5- year mine life  Initial annual production of 7 years of 450 Koz AuEq at an AISC of US$552/oz(1)

42. Slide 42: MARA, Argentina (56.25%)

    FUTURE FLAGSHIP ASSET MARA, Argentina (56.25%) Overview Large-scale copper, gold, silver, molybdenum deposit located in Catamarca, Argentina with an initial 28+ year mine life Gold Fields’ Value Add  Recent Andean project development expertise from Cerro Corona and Salares Norte  Geological experi

43. Slide 43: MARA, Argentina (56.25%) (Cont'd)

    FUTURE FLAGSHIP ASSET MARA, Argentina (56.25%) (Cont’d) Attributable Reserves & Resources Copper (Mlbs) Gold (Koz) Molybdenum (Mlbs) 6,654 4,153 410 277 2,125 1,382 1,245 1,222 108  Alumbrera previously an operational 2P Reserves M&I Resources Inferred 2P Reserves M&I Resources Inferred 2P Reserves

44. Slide 44: Significant Synergy Potential in Excess of Announced Cost Savings

    Significant Synergy Potential in Excess of Initially Announced Cost Savings Target  Initial target pre-tax synergies of ~US$40m/year or ~US$400m over the next 10 years  Scope of synergies to be further explored during implementation phase Corporate  Streamlining corporate overheads Cost Synergies

45. Slide 45: Enlarged Asset Base Creates Portfolio Management Optionality

    Enlarged Asset Base Creates Significant Portfolio Management Optionality Potential to Maintain Stable Production Outlook (AuEq Moz)  Enlarged portfolio creates portfolio management optionality (1) 3.81 3.27 (1) 3.43 (1) c. 3.5 – 4.0Moz p.a. steady-state production(2) not available to the standalone

46. Slide 46: Extensive Pipeline of Future Growth Initiatives

    Extensive Pipeline of Future Growth Initiatives to Build the Value and Quality of Our Portfolio NAV, US$bn Near-term Catalysts Medium and Long-term Catalysts Continued reserve growth (via southern extensions View on mine life Second to El Peñón) inventory including near- underground shaft mine open

47. Slide 47: Stronger Capital Markets Profile

    3 Stronger Capital Markets Profile  Positions favourably vs. Major peers  Strong balance sheet and free cash flow generation  Enhanced dividend policy  Greater value creation than the sum of the parts

48. Slide 48: Strong Balance Sheet and Commitment to Capital Discipline

    Strong Balance Sheet and Commitment to Capital Discipline Net Debt / ’21A EBITDA (x)(1) Liquidity – 31 December 2021 (US$m)(3) Credit Baa1 / Baa3 / Baa2 / Baa1 /  Maintained Net Debt / Adjusted EBITDA Ratings:(2) BBB+ BBB- BBB+ BBB+ at c. 0.4x Undrawn Facilities Cash & Equivalents 0.54x $2,723 $1,0

49. Slide 49: Strong Focus on Shareholder Returns

    Transaction Underpinned by Long-term Decision-Making with a Strong Focus on Shareholder Returns  Gold Fields has undertaken significant global investor engagement with shareholders since announcement and is pleased to make two announcements which it believes improve the value of the Transaction to

50. Slide 50: Maintaining Continued Focus on Sustainable Shareholder Returns

    Maintaining Continued Focus on Sustainable Shareholder Returns Dividend Per Share (Last 5 Years) Dividend Yield (2021A)(1) Dividend per Share (US$/sh) %  Cumulative returns of c. US$960m to 4.4% shareholders in last 5 years 0.32 3.7% Incremental 0.29 yield @45%  Strong historical dividend per shar

51. Slide 51: Transaction Announced at an Attractive Point in Relative Trading

    Transaction Announced at an Attractive Point in Historical Relative Trading Gold Fields’ and Yamana’s Unaffected Valuation (27-May-22) Consensus P/NAV Consensus P/CF Gold Fields Yamana 1.1x 6.6x 6.2x 6.2x 6.4x 0.9x 6.1x 5.6x  All-share offer based on an exchange ratio derived on relative fundamenta

52. Slide 52: Gold Fields Positioned at the Forefront of the Gold Industry

    Gold Fields Positioned at the Forefront of the Gold Industry 2021A AuEq Production Reserve Life (Wood Mackenzie)(2) 2021A Free Cash Flow Yield(3) Moz Years % 6.4% 6.3% 7.2 20 5.6% 5.4% Current 2024E 5.3 Guidance(1) 14 3.8 11 3.5 10 3.4 Gold Fields Gold Fields Gold Fields (4) (5) (Pro Forma) (Pro For

53. Slide 53: Planning for Integration has Commenced

    Planning for Integration has Commenced Objectives Maximise and accelerate synergies and Manage talent by selecting, retaining and value creation according to the deal developing the best people objectives Purposefully manage cultural integration Improve speed, consistency and control and change mana

54. Slide 54: Acquisition Driven by Strong Industrial Logic

    Acquisition Driven by Strong Industrial Logic Reflecting Our Longstanding Strategic Priorities and Core Competencies  Track record of long-term value creation through execution of our strategy What we see… Strategic Context  In a position of relative strength whilst the gold sector faces systemic

55. Slide 55: Appendix

    Appendix

56. Slide 56: Significant Value Creation on the Horizon

    Significant Value Creation on the Horizon P/NAV (x)(1) EV/EBITDA (x)(1)(2) P/CF (x)(1)(2) EV / EBITDA ‘22E P / CF ‘22E EV / EBITDA ‘23E P / CF ‘23E 1.4x 9.6x 9.2x 8.3x 8.3x 8.1x 1.1x 1.1x 7.3x 7.1x 8.1x 6.8x 6.8x 6.8x 6.5x 6.3x 1.0x 5.9x 0.9x 5.6x6.5x 5.6x 5.1x 4.4x 4.0x Gold Fields Gold Fields Gold

57. Slide 57: Relative Recovery in Gold Fields' Share Price Since Announcement

    Relative Recovery in Gold Fields’ Share Price Since Announcement Commodities Indices Rebased 100 Copper Gold Platinum S&P 500 TSX JSE FTSE 100 150 Relative Performance (Gold Fields vs. GDX) (5.4%) (3.1%) (6.0%) (5.1%) Relative Performance (Yamana vs. GDX) (6.2%) 140 (8.3%) Gold Fields Yamana GDX Ind

58. Slide 58: Non-IFRS Financial Measures

    Non-IFRS Financial Measures AIC  All-in costs. AIC is AISC plus community costs not related to current operations; community costs not related to current operations; reclamation and remediation costs not related to current operations; exploration and study costs (non-sustaining); capital exploratio

59. Slide 59: Yamana AISC and AIC Reconciliation

    Yamana AISC and AIC (Net of By-Products) Reconciliation For the year ended December 31, Readers of this presentation are directed to Yamana’s 2021 AISC/AIC Reconciliation - Total 2021 Management Discussion & Analysis (see page 68 of the (in millions of US Dollars) Total MD&A, filed under Yamana’s pr

60. Slide 60: Yamana – Mineral Reserves & Mineral Resources as of 31 December 2021

    Yamana – Mineral Reserves & Mineral Resources as of 31 December 2021 Proven Reserves Probable Reserves Measured Resources Indicated Resources Inferred Resources December 2021 December 2021 December 2021 December 2021 December 2021 Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au Tonne

61. Slide 61: Yamana – Mineral Reserves & Mineral Resources (Cont'd)

    Yamana – Mineral Reserves & Mineral Resources as of 31 December 2021 (Cont’d) Proven Reserves Probable Reserves Measured Resources Indicated Resources Inferred Resources December 2021 December 2021 December 2021 December 2021 December 2021 Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au Tonnes Grade

62. Slide 62: Yamana – Mineral Reserves & Mineral Resources (Cont'd)

    Yamana – Mineral Reserves & Mineral Resources as of 31 December 2021 (Cont’d) Proven Reserves Probable Reserves Measured Resources Indicated Resources Inferred Resources December 2021 December 2021 December 2021 December 2021 December 2021 Tonnes Grade Ag Tonnes Grade Ag Tonnes Grade Ag Tonnes Grade

63. Slide 63: Yamana – Mineral Reserves & Mineral Resources (Cont'd)

    Yamana – Mineral Reserves & Mineral Resources as of 31 December 2021 (Cont’d) Proven Reserves Probable Reserves Measured Resources Indicated Resources Inferred Resources December 2021 December 2021 December 2021 December 2021 December 2021 Tonnes Grade Cu Tonnes Grade Cu Tonnes Grade Cu Tonnes Grade

64. Slide 64: Gold Fields – Mineral Reserves & Mineral Resources as of 31 December 2021

    Gold Fields – Mineral Reserves & Mineral Resources as of 31 December 2021 Proven Reserves Probable Reserves Reserves Stockpiles Measured Resources Indicated Resources Inferred Resources December 2021 December 2021 December 2021 December 2021 December 2021 December 2021 Tonnes Grade Au Tonnes Grade A

65. Slide 65: Gold Fields – Mineral Reserves & Mineral Resources (Cont'd)

    Gold Fields – Mineral Reserves & Mineral Resources as of 31 December 2021 (Cont’d) Proven Reserves Probable Reserves Reserve stockpiles Measured Resources Indicated Resources Inferred Resources December 2021 December 2021 December 2021 December 2021 December 2021 December 2021 Tonnes Grade Au Tonnes

66. Slide 66: Additional Gold Fields Supporting Technical Data

    Additional Gold Fields Supporting Technical Data Mineral Reserves At First Year of Production Within Gold Fields Portfolio Proven Reserves Probable Reserves Reserve stockpiles Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au Au only (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) Tarkwa (Jun 2000)

67. Slide 67: Additional Gold Fields Supporting Technical Data (Cont'd)

    Additional Gold Fields Supporting Technical Data (Cont’d) Supporting Data for Gold Equivalent Calculation Relating to 2022E Guidance AuEqOz (Forecast) = AuOz (Forecast) + ((CuT (forecast) *CuPrice(planning)) / AuPrice(planning)) + ((AgOz (forecast) *AgPrice(planning)) / AuPrice(planning)) AuPrice (p

68. Slide 68: Notice & Disclaimer

    Notice & Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 (“U.S. Securities Act”) and Section 21E of the U.S. Securities Exchange Act of 1934 which are int

69. Slide 69: Notice & Disclaimer (Cont'd)

    Notice & Disclaimer (Cont’d) Important Information Further information pertaining to the Transaction will be provided in due course pursuant to the documentation to be released by Gold Fields and Yamana in relation to the Transaction (the "Transaction Documents"). Investors are advised to read the T

70. Slide 70: Notice & Disclaimer (Cont'd)

    Notice & Disclaimer (Cont’d) Notice to Reader References to Gold Fields (Pro Forma) are to Gold Fields Limited on a consolidated basis after the completion of the Transaction. All amounts are expressed in United States dollars unless otherwise indicated. This presentation includes market and industr

Gold Fields — Merger or Acquisition (July 2022) on 6ix