GOLD FIELDS LIMITED - UPDATE ON CHUCAPACA PROJECT IN SOUTHERN PERU

UPDATE ON CHUCAPACA PROJECT IN SOUTHERN PERU

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


JOINT MEDIA RELEASE

UPDATE ON CHUCAPACA PROJECT IN SOUTHERN PERU


Johannesburg and Lima, November 14, 2012: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ
Dubai: GFI) and Compañia de Minas Buenaventura S.A.A. (Buenaventura) (NYSE, BVN; Lima Stock
Exchange: BUE.LM) today announced an update on the Chucapaca exploration project in the
southern Peruvian region of Moquegua. The project is a joint venture by Gold Fields (51%) and
Buenaventura (49%) and operated by Gold Fields.

The partners have studied the viability of a large open-pit operation capable of sustaining a
30,000 tonnes per day throughput. A first draft of the feasibility study has been completed and as
a result of relatively high capital and operating costs this option would not have
delivered acceptable project returns.

Consequently, further study work will have to be performed by the joint venture focusing on value
engineering the project to achieve the expected returns. Future work will mainly include the
following:

   -    Analysing different options for mine development, including an underground or a
        combined open-pit underground operation, and alternative throughput levels;
   -    Re-establishing exploration to add resource flexibility, once the required permits are
        granted; and,
   -    Optimising capital and project operating costs.

The partners reiterate their commitment to unlocking the potential of the Chucapaca
project, which will need the support of all stakeholders, particularly
the neighbouring communities. Gold Fields has built a close relationship with them and expects to
continue working together through this phase of the project.


Enquiries: Gold Fields                                  Enquiries: Buenaventura

Investor Relations                                      Carlos Galvez
Willie Jacobsz                                          Tel    +51 1 419-2540
Tel       +27 11 562-9775                               Email cegalvez@buenaventura.com.pe
Mobile +27 (0) 82 971 9238
Email Willie.Jacobsz@goldfields.co.za                   Daniel Dominguez
                                                        Tel    +51 1 419-2536
Media                                                   Email
         ddominguez@buenaventura.com.pe
Sven Lunsche
Tel     +27 11 562-9763
Mobile +27 (0) 83 260 9279
Email Sven.Lunsche@goldfields.co.za

Diego Ortega
Mobile +51 (0) 9963 70508
Email Diego.Ortega@gfexpl.com

Sponsor:
J.P. Morgan Equities Limited

Notes to editors

About Gold Fields
Gold Fields is one of the world’s largest unhedged producers of gold with attributable
annualised production of 3.6 million gold equivalent ounces from eight operating mines in
Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global
growth pipeline with four major projects in resource development and feasibility, with
construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable
gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4 million
ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange
(NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).

About Buenaventura
Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded, Precious Metals
Company and a major holder of mining rights in Peru. The Company is engaged in the mining,
processing, development and exploration of gold and silver and other metals via wholly owned
mines as well as through its participation in joint exploration projects. Buenaventura currently
operates several mines in Peru (Orcopampa*, Poracota*, Uchucchacua*, Antapite*, Julcani*,
Recuperada*, El Brocal, La Zanja, Coimolache and CEDIMIN*). The Company owns 43.65% of
Minera Yanacocha S.R.L (a partnership with Newmont Mining Corporation), an important precious
metal producer; 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer,
and 49% of Canteras del Hallazgo S.A, owner the Chucapaca project.

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