Dealing in securities Gold Fields Limited Reg. No. 1968/004880/06) Incorporated in the Republic of South Africa) Share Code: GFI ISIN Code: ZAE000018123 DEALING IN SECURITIES BY DIRECTORS In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited, shareholders are advised that Gold Fields Limited has awarded on 25 May 2018 (“the Award Date”), Award effective 1 March 2018, Conditional Performance Shares to directors of major subsidiaries of Gold Fields in terms of the Gold Fields Limited 2012 Share Plan (as amended) as set out below. Performance Shares (PS) are conditionally awarded, based on a share price of R46.2814 being the 3 day VWAP of 26, 27, 28 February 2018. The shares were approved for awarding in 2018 however due to Gold Fields Ltd going into a general closed period and a subsequent special closed period which was imposed on management, the award process was deferred to February 2019 upon lifting of the special closed period. The number of PS which may settle to a participant on vesting date i.e. three years from effective date of the award, will be determined by the company achieving pre-determined performance conditions as follows: Relative Total Shareholder Return (TSR) - measured against the performance of ten other major gold mining companies based on the Gold Fields share price compared to the basket of respective US dollar share prices of the peer group, Absolute Total Shareholder Return (TSR) - Gold Fields share price measured at the start and the end of the performance period. Free Cash Flow Margin (FCFM) – achievement of pre-determined FCFM target. The number of shares to be settled will range from 0% to 200% of the initial conditional award. Name NJ Holland Position Director of: Gold Fields Ltd No of PS awarded and accepted 380 207 Award Acceptance Date 25 February 2019 Class of underlying security to Ordinary shares which rights attach Nature of transaction Off market acceptance of Performance Shares awarded Vesting Period Performance Shares vest on third anniversary of effective Award date Nature of interest Direct and Beneficial Name A Baku Position Director of a Major Subsidiary: Gold Fields Ghana(Pty) Ltd No of PS awarded and accepted 305 617 Award Acceptance Date 25 February 2019 Class of underlying security to Ordinary shares which rights attach Nature of transaction Off market acceptance of Performance Shares awarded Vesting Period Performance Shares vest on third anniversary of effective Award date Nature of interest Direct and Beneficial In accordance with section 3.66 of the Listings Requirements, the necessary clearance was obtained. 26 February 2019 Sponsor: JP Morgan Equities Limited Date: 26/02/2019 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.