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Press release from CNW Group

Gold Fields Guidance for March 2012 Quarter

Monday, April 16, 2012

Gold Fields Guidance for March 2012 Quarter11:59 EDT Monday, April 16, 2012JOHANNESBURG, April 17, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable Group production for the March 2012 quarter (Q1 2012) is expected to be 827,000 gold equivalent ounces which is similar to the production from the corresponding quarter a year ago (Q1 2011: 830,000 gold equivalent ounces) and taking into account seasonal variances underpins the 2012 full year production guidance of 3.5Moz to 3.7Moz.Total cash costs and notional cash expenditure (NCE) for the quarter are expected to be approximately US$875/oz (R218,000/kg) and US$1,285/oz (R320,000/kg) respectively. Gold Fields NCE for Q1 2012 compares favorably with the average NCE for the peer group[1] of US$1,281/oz for CY 2011.This guidance is based on exchange rates of ZAR/US$7.77 and A$/US$1.05 for Q1 2012.Gold Fields will release full results for Q1 2012 on Thursday, 17 May 2012.1) Source: J.P. Morgan estimates. The NCE average for the peer group is calculated as a simple average and is not production weighted. Note: NCE = Operating costs excluding royalties plus capital expenditure expressed per ounce of gold produced. Newmont does not report royalty costs separately. Royalty costs are J.P. Morgan estimates and actuals could differ. The peer group includes: AngloGold Ashanti, Gold Fields, Kinross; Newmont, Barrick Gold, Harmony; GoldCorp and NewcrestAbout 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 80.6 million ounces and Mineral Resources of 217 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 Investor Enquiries Zakira Amra Tel: +27-11-562-9775 Mobile: +27-79-694-0267 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: +27-83-260-9279 email: Sven.Lunsche@goldfields.co.za