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Trading statement for twelve months to 31 December 2016

Friday, 3 February 2017

Johannesburg, Friday, 3 February 2017: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) advises that earnings per share (EPS) for the twelve months ended 31 December 2016 (FY 2016) are expected to be between 160% and 170% (US$0.49 to US$0.52) higher than the loss per share of US$0.31 reported for the twelve months ended 31 December 2015 (FY 2015), at a range between US$0.18 and US$0.21.

Headline earnings per share (HEPS) for FY 2016 are expected to be between 730% and 780% (US$0.29 to US$0.31) higher than the headline loss per share of US$0.04 reported for FY 2015, at a range between US$0.25 and US$0.27.

In addition, normalised earnings per share for the period are expected to be between 280% and 320% (US$0.17 to US$0.19) higher than the normalised earnings per share of US$0.06 reported for FY 2015, at a range between US$0.23 and US$0.25.

The increases in EPS, HEPS and normalised earnings are primarily driven by an increase in the US$ gold price (8% YoY) and lower net operating costs in local currencies as well as the impact of converting these costs at weaker exchange rates. In addition, EPS is impacted by lower non-recurring items. In FY 2016, the A$ was 1% weaker YoY and the rand was 13% weaker YoY, against the US$.

For FY 2016, attributable gold equivalent production is expected to be 2,146koz (FY 2015: 2,159koz), with all-in sustaining costs (AISC) of US$980/oz (FY 2015: US$1,007/oz) and all-in costs (AIC) of US$1,006/oz (FY 2015: US$1,026/oz). This compares to revised guidance of 2,100koz – 2,150koz at AISC of US$1,000/oz – US$1,010/oz and AIC of US$1,035/oz – US$1,045/oz.

Attributable gold equivalent production for Q4 2016 is expected to be 566koz (Q3 2016: 537koz), with AISC of US$911/oz (Q3 2016: US$1,026/oz) and AIC of US$941/oz (Q3 2016: US$1,038/oz)

The financial information on which this trading statement is based has not been reviewed, and reported on, by the Company’s external auditors.

Gold Fields will release FY 2016 financial results on Thursday, 16 February 2017.

Enquiries

Avishkar Nagaser Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com

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


Media

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


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