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Press release from CNW Group

Budget Announcement by Ghana's Ministry of Finance and Economic Planning

Friday, November 18, 2011

Budget Announcement by Ghana's Ministry of Finance and Economic Planning11:58 EST Friday, November 18, 2011JOHANNESBURG, Nov. 18, 2011 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) has noted this week's Budget announcement by Ghana's Ministry of Finance and Economic Planning, which includes proposed changes to the tax regime for the country's mining industry.We require more details of the proposed tax changes to further assess their potential impact. Accordingly Gold Fields is not yet in a position to advise shareholders on implications for the Company.Once we have completed our assessment we will provide shareholders with further information.Notes to editorsAbout Gold FieldsGold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).Sponsor: J.P. Morgan Equities LimitedFor further information: Gold Fields Limited Reg. 1968/004880/06 150 Helen Road, Sandown, Sandton, 2196 Postnet Suite 252 Private Bag X30500 Houghton, 2041 South Africa Tel: +27-11-562-9700 Fax: +27-11-562-9838 http://www.goldfields.co.za Enquiries Investor Enquiries Zakira Amra Tel: +27-11-562-9775 Mobile: +27(0)79-694-0267 Email: Zakira.Amra@goldfields.co.za Willie Jacobsz Tel: +1-508-839-1188 Mobile: +1-857-241-7127 Email: Willie.Jacobsz@gfexpl.com Media Enquiries Sven Lunsche Tel: +27-11-562-9763 Mobile: +27(0)83-260-9279 Email: Sven.Lunsche@goldfields.co.za