ANGLO/GFIELDS/DRIEFNTN-GOLDFIELDS & ANGLO IN MINERAL RIGHTS EXCHANGE

ANGLOGOLD
GOLD FIELDS
DRIEFONTEIN CONSOLIDATED LIMITED
JOINT MEDIA RELEASE

GOLD FIELDS AND ANGLOGOLD IN MINERAL RIGHTS EXCHANGE

JOHANNESBURG, 21 OCTOBER 1998: WAYNE ROBINSON, MANAGING DIRECTOR OF DRIEFONTEIN
CONSOLIDATED LIMITED (DRIEFONTEIN), TODAY ANNOUNCED THAT THE MAJOR SHAREHOLDERS
OF DRIEFONTEIN, GOLD FIELDS LIMITED (GOLD FIELDS) AND ANGLOGOLD LIMITED
(ANGLOGOLD), HAD AGREED TO A SIGNIFICANT MINERAL RIGHTS EXCHANGE BETWEEN
DRIEFONTEIN AND WESTERN DEEP LEVELS.

IN TERMS OF THE AGREEMENT, DRIEFONTEIN WILL GAIN ACCESS TO 442 000 GOLD
RESOURCE OUNCES (13 757 KG) IN THE NORTH EASTERN CORNER OF THE WESTERN DEEP
LEVELS LEASE AREA. THIS AREA, WHICH WILL BE ACCESSED WITHIN 12 MONTHS THROUGH
DRIEFONTEIN'S NO. 1 AND NO. 6 SHAFTS, ENJOYS IN SITU GRADES EXCEEDING 20 GRAMS
PER TON.

IN RETURN, WESTERN DEEP LEVELS WILL GAIN ACCESS TO MINERAL RIGHTS BELOW 38
LEVEL ON DRIEFONTEIN'S WESTERN BOUNDARY, WHICH WOULD HAVE BEEN MINED BEYOND THE
YEAR 2015 THROUGH DRIEFONTEIN'S NO. 1 TERTIARY SHAFT. THE IN-SITU GOLD CONTENT
OF THIS AREA IS ESTIMATED TO BE 436 000 RESOURCE OUNCES (13 527 KG)

ROBINSON, WHO BROKERED THE TRANSACTION, SAID: "THIS EXCHANGE DEMONSTRATES THE
STRENGTH AND MATURITY OF THE JOINT VENTURE PARTNERSHIP BETWEEN GOLD FIELDS AND
ANGLOGOLD. THE NEW MINING LIMITS FOLLOW GEOLOGICAL BOUNDARIES, NOT FARM FENCES.
BOUNDARY PILLAR LOCK-UPS AND CAPITAL EXPENDITURE TO ACCESS THESE RESOURCES WILL
BE MINIMISED."

TOM DALE, MANAGING DIRECTOR OF GOLD FIELDS, SAID: "WE ARE IN BUSINESS FOR OUR
SHAREHOLDERS AND THIS EXCHANGE MAKES COMPELLING BUSINESS SENSE. GONE ARE THE
DAYS WHEN FARM BOUNDARIES RATHER THAN ECONOMICS DICTATED THE MANAGEMENT OF
LEASE AREAS".

BOBBY GODSELL, ANGLOGOLD'S CEO, SAID: "CO-OPERATIVE DEALS LIKE THIS - RELEASING
RESERVES THAT COULD WELL HAVE REMAINED LOCKED IN THE GROUND INDEFINITELY,
RELEASING OPTIMAL VALUE FOR SHAREHOLDERS - ARE PUTTING SOUTH AFRICA BACK ON THE
MAP IN THE MINDS OF INTERNATIONAL INVESTORS".

GOLD FIELDS AND ANGLOGOLD JOINTLY OWN APPROXIMATELY 60% OF DRIEFONTEIN WITH
GOLD FIELDS HOLDING APPROXIMATELY 40% AND ANGLOGOLD APPROXIMATELY 20%.
ENDS
ENQUIRIES:

GOLD FIELDS LIMITED                WILLIE JACOBSZ     -    +2711644-2460
ANGLOGOLD                          SHELAGH BLACKMAN   -    +2711637-6379
ORIEFONTEIN CONSOLIDATED LIMITED   WAYNE ROBINSON     -    +2718 788-6240