Dealings in securities Gold Fields Limited Reg. No. 1968/004880/06) Incorporated in the Republic of South Africa) Share Code: GFI ISIN Code: ZAE000018123 DEALING IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited, shareholders are advised that Gold Fields Limited has awarded on 8 May 2017 (“the Award Date”), Award effective 1 March 2017, Conditional Performance Shares to directors of major subsidiaries of Gold Fields in terms of the Gold Fields Limited 2012 Share Plan as set out below. Performance Shares (PS) are conditionally awarded, based on a share price of R41.2943 being the 3 day VWAP of 24, 27, 28 February 2017. The number of PS which may settle to a participant on vesting date i.e. three years from effective date of the award, will be determined by the company achieving pre-determined performance conditions as follows: Relative TSR - measured against the performance of ten other major gold mining companies based on the Gold Fields share price compared to the basket of respective US dollar share prices of the peer group, Absolute TSR - Gold Fields share price measured at the start and the end of the performance period. Free Cash Flow Margin – achievement of pre-determined FCFM target. The number of shares to be settled will range from 0% to 200% of the initial conditional award. Name L RIVERA Position Director of a Major Subsidiary Gold Fields La Cima No of PS awarded and accepted 67,182 Award Acceptance Date 10 May 2017 Class of underlying security to Ordinary shares which rights attach Nature of transaction Off market acceptance of Performance Shares awarded Vesting Period Performance Shares vest on third anniversary of effective Award date Nature of interest Direct and Beneficial Name NA CHOHAN Position Director of Major Subsidiaries Gold Fields Operations (GFO) and GFI Joint Venture Ltd No of PS awarded and accepted 70,907 Award Acceptance Date 11 May 2017 Class of underlying security to Ordinary shares which rights attach Nature of transaction Off market acceptance of Performance Shares awarded Vesting Period Performance Shares vest on third anniversary of effective Award date Nature of interest Direct and Beneficial Name P WOODHOUSE Position Director of Gold Fields Australia (Pty) Ltd, GSM Holding Company Limited, Darlot Holding Company (Pty) Limited No of PS awarded and accepted 43,202 Award Acceptance Date 12 May 2017 Class of underlying security to Ordinary shares which rights attach Nature of transaction Off market acceptance of Performance Shares awarded Vesting Period Performance Shares vest on third anniversary of effective Award date Nature of interest Direct and Beneficial In accordance with section 3.66 of the Listings Requirements, the necessary clearance was obtained. 15 May 2017 Sponsor: JP Morgan Equities South Africa Proprietary Limited Date: 15/05/2017 03:09:00 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.