Dealing in securities Gold Fields Limited (Reg. No. 1968/004880/06) (Incorporated in the Republic of South Africa) (“Gold Fields” or “the Company”) JSE, NYSE, DIFX Share Code: GFI ISIN Code: ZAE000018123 DEALING IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of JSE Limited ("the Listings Requirements") we hereby advise that Mr M Preece, a director of Major Subsidiaries Gold Fields Operations (GFO) and GFI Joint Venture Ltd, and Ms TL Harmse, acting Company Secretary of Gold Fields Ltd elected to defer a portion of Performance Shares vested on 14 February 2020 in terms of satisfying the Minimum Shareholding Requirement (MSR) Policy. Minimum Shareholding Requirement (MSR): The MSR is mandatory for Executives to hold GFL shares for a five year period based on the following target shareholdings: CEO: 200% of Annual Guaranteed Remuneration Package CFO and other Executives: 100% of Annual Remuneration Package Executives may commit in accordance with the MSR through the election prior to the determination of cash bonuses, vesting of shares awarded or through personal investment to commit Gold Fields shares toward the satisfaction of the MSR. Details of the transactions are set out below: M Preece Nature of transaction Portion of Performance Shares vested on 14 February 2020 under the Gold Fields Limited 2012 Amended Share Plan, deferred to Restricted Shares in terms of the MSR obligation Transaction Date 19 February 2020 Number of Shares 82,327 Class of Security Ordinary Shares Vesting Period The plan vesting date is the date that the Performance Shares or Retention Shares would have vested and become unconditionally owned by the Executive. Nature of interest Direct and Beneficial TL Harmse Nature of transaction Portion of Performance Shares vested on 14 February 2020 under the Gold Fields Limited 2012 Amended Share Plan, deferred to Restricted Shares in terms of the MSR obligation Transaction Date 19 February 2020 Number of Shares 20,000 Class of Security Ordinary Shares Vesting Period The plan vesting date is the date that the Performance Shares or Retention Shares would have vested and become unconditionally owned by the Executive. Nature of interest Direct and Beneficial In terms of paragraph 3.66 of the Listings requirements the necessary clearance to deal in the above securities has been obtained. 24 February 2020 Sponsor: JP Morgan Equities South Africa (Pty) Ltd Date: 24-02-2020 02:38:00 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.