GOLD FIELDS LIMITED - Notification of change in auditor

Release Date: 23/07/2018 12:15
Code(s): GFI
 
Wrap Text
Notification of change in auditor

Gold Fields Limited
Reg. No. 1968/004880/06)
Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123
(“Gold Fields” or “the Company”)

NOTIFICATION OF CHANGE IN AUDITOR


The Board of Directors of Gold Fields (“the Board”), through the Audit
Committee, wishes to inform Shareholders that after a formal tender
process to appoint a new firm of external auditors,
PricewaterhouseCoopers Inc have been appointed as the Company’s
external auditors, with Mr. Pieter Hough as the designated audit
partner for the financial year ending 31 December 2019.

KPMG Inc’s appointment as external auditors will end on conclusion of
its responsibilities relating to the 31 December 2018 financial year
audit, which is expected to be concluded on or about the end of April
2019 and PricewaterhouseCoopers Inc’s appointment as external auditor
will be effective immediately after KPMG Inc’s appointment so
concludes, subject to shareholder approval at the annual general
meeting for the year ending 31 December 2018, the Board having
resolved to fill the vacancy in the office of auditor that so arises
with PricewaterhouseCoopers Inc.

The audit reports of KPMG Inc on the consolidated financial statements
of Gold Fields Limited and subsidiaries as of and for the years ended
31 December 2017 and 2016 did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope, or accounting principles. During Gold
Field’s financial years ended 31 December 2017 and 2016 and through
the subsequent interim period on or prior to 23 July 2018, there were
no disagreements between Gold Fields and KPMG Inc on any matter of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements if not resolved to
their satisfaction, would have caused them to make reference in
connection with their opinion to the subject matter of the
disagreement, or reportable events.

The Board and the Audit Committee are satisfied that KPMG Inc
delivered an audit of satisfactory quality for the financial year
ended 31 December 2017


23 July 2018
Johannesburg

Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

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