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Gold Fields sells mining block to AngloGold for R315 million GOLD FIELDS LIMITED Incorporated in the Republic of South Africa Registration number 1968/004880/06 ISIN: ZAE000018123 Share Code: GFI Issuer Code: GOGOF AngloGold Limited Incorporated in the Republic of South Africa Registration Number: 1944/017354/06) ISIN Number:ZAE000043485 JSE Share Code: ANG Joint Announcement:Gold Fields Limited and AngloGold Gold Fields sells mining block to AngloGold for R315 million Johannesburg 18 September 2003: Gold Fields Limited and AngloGold Limited announced jointly today that agreement had been reached on the sale of a portion of the Driefontein mining area from Gold Fields to AngloGold for a cash consideration of R315 million. The mining area is Block 1C11, located on the western boundary of Driefontein, and can be accessed from the adjacent TauTona mining operation of AngloGold. The sale which is subject to the suspensive condition that, to the extent necessary, the transaction is approved by the Competition Commission. Speaking after the signing of the sale agreement at Gold Fields" offices in Johannesburg today, Ian Cockerill, the chief executive officer of Gold Fields said: "We believe that this is not only a good deal at fair value for both companies, but a win-win situation for the local gold mining industry. It is yet another breakthrough in the removal of farm fences and is an example of working together to optimise the extraction of ore bodies." "The deal makes a lot of sense. For Gold Fields, it brings value forward and we shall use the cash from the deal to invest in our current operations for the benefit of all Gold Fields" stakeholders," said Cockerill. Bobby Godsell, chief executive officer of AngloGold said today: "This deal is consistent with AngloGold"s value-adding growth strategy, adding low-cost gold production to an already high margin operation. We are also sure that this kind of transaction will lead to a more profitable and sustainable South African gold mining industry". Block 1C11 covers an area of 280,000 square metres. There are 1.4 million tons of reserves at a grade of 12.7 grams a ton. This should result in recoverable gold of 576,000 ounces. Driefontein would only have been able to mine this area in about 10 years time from Driefontein"s No 1 Tertiary Shaft System. TauTona, however, which is already mining adjacent to this block, will gain access to it towards the end of 2004. ends Enquiries: Gold Fields Limited Willie Jacobsz Tel: +2711 644-2460 Cell: 082 493-1377 williej@goldfields.co.za Cheryl Martin Tel: +303 796-8683 Cell: +303 601-1605 camartin@gfexpl.com Anglogold Limited Steven Lenahan Tel: +2711 637 6248 Cell: 083 308 2200 slenahan@anglogold.com Charles Carter Tel: 091 212 750 7999 Cell: 091 914 498 0333 cecarter@anglogold.com Date: 18/09/2003 04:17:31 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department
