GOLD FIELDS LIMITED - Voluntary Announcement: Completion of divestment of Gold Fields' interest in the Asanko Gold Mine in Ghana

Voluntary Announcement: Completion of divestment of Gold Fields' interest in the Asanko Gold Mine in Ghana

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")

VOLUNTARY ANNOUNCEMENT: COMPLETION OF DIVESTMENT OF GOLD FIELDS'
INTEREST IN THE ASANKO GOLD MINE IN GHANA

Further to the announcement of 21 December 2023 regarding divestment of
the Gold Fields Group's 45% effective interest in Asanko Gold Mine to
Galiano Gold Inc ("Galiano") for gross proceeds of US$170m plus a 1% net
smelter royalty on future production from the Nkran deposit (the
"Transaction"), shareholders are advised that all conditions precedent
related to the Transaction have now been fulfilled and it closed on 4
March 2024.

Gold Fields has received US$65m in cash and 28,500,000 shares in Galiano
as upfront proceeds for the divestment. The remaining gross proceeds will
be settled through deferred and contingent payments as follows:
   • US$25m to be paid on or before 31 December 2025;
   • US$30m to be paid on or before 31 December 2026; and
   • US$30m plus a 1% net smelter royalty to be paid once more than
     100koz of gold equivalent is produced from the Nkran deposit at the
     mine. The royalty paid is to be capped at a volume of 447koz.

ENDS

5 March 2024

Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

Investor enquiries:

Jongisa Magagula
Tel: +27 11 562 9775
Mobile: +27 67 419 9503
Email: Jongisa.Magagula@goldfields.com

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com

Media enquiries:

Sven Lunsche
Tel: +27 11 562 9763
Mobile: +27 83 260 9279
Email: Sven.Lunsche@goldfields.com

Date: 05-03-2024 11:55:00
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