Increase in dividend withhold tax Gold Fields Limited (Registration Number 1968/004880/06) ("Gold Fields " or “the Company”) JSE, NYSE, NASDAQ Dubai Share Code: GFI NYX Code: GFLB, and SWX Code: GOLI ISIN: ZAE000018123 ANNOUNCEMENT: INCREASE IN DIVIDEND WITHHOLDING TAX The Finance Minister Pravin Gordhan announced on 22 February 2017 during the delivery of the 2017 Budget an increase in the dividend withholding tax from 15% to 20%. Shareholders are requested to note that as the effective date of the new rate relates to all dividends paid on or after 22 February 2017, the Gold Fields dividend payable on Monday 13 March 2017(announced on 16 February 2017) will be subject to the new rate as follows: CASH DIVIDEND In line with the company’s dividend policy to pay out a dividend of between 25 and 35 per cent of its earnings, the Board has approved and declared a final dividend number 85 of 60 SA cents per ordinary share (gross) in respect of the year ended 31 December 2016. This translates to 32 per cent of normalised earnings. The final dividend will be subject to the Dividend Withholding Tax that was introduced with effect from 22 February 2017 of 20% per cent. In accordance with paragraphs 11.17(a)(i) and 11.17(c) of the JSE Listings Requirements, the following additional information is disclosed: - The dividend has been declared out of income reserves; - The local dividends withholding tax rate is 20 per cent (twenty per centum); - The gross local dividend amount is 60 SA cents per ordinary share for shareholders exempt from dividends tax; - The Dividend Withholding Tax of 20 per cent (twenty per centum) will be applicable to this dividend; - The net local dividend amount is 48.000 SA cents per ordinary share for shareholders liable to pay the dividends tax; - Gold Fields currently has 821 532 707 ordinary shares in issue; and - Gold Fields’ income tax number is 9160035607. Shareholders are advised of the following dates in respect of the final dividend: Final dividend number 85: 60 SA cents per share Last date to trade cum-dividend: Tuesday 7 March 2017 Sterling and US dollar conversion date: Wednesday 8 March 2017 Shares commence trading ex-dividend: Wednesday 8 March 2017 Record date: Friday 10 March 2017 Payment of dividend: Monday 13 March 2017 Share certificates may not be dematerialised or rematerialised between Wednesday, 8 March 2017 and Friday, 10 March 2017, both dates inclusive. 24 February 2014 Sponsor JP Morgan Equities South Africa (Pty) Ltd Date: 24/02/2017 12:25:00 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.