Towards Five Million Ounces Nick Holland Chief Executive Officer - PowerPoint PPT Presentation

Towards Five Million Ounces Nick Holland Chief Executive Officer The BMO Capital Markets 2011 Global Metals & Mining Conference Hollywood, Florida February 27 to March 2, 2011

Forward Looking Statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere ; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit, changes in government regulations, particularly environmental regulations; and new regulation affecting mining and mineral rights; changes in exchange rates; currency devaluations; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS crisis in South Africa. These forward looking statements speak only as of the date of this document. The company undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

Gold Fields A Growth Story Finland Mali Philippines Ghana Tarkwa Peru Damang Cerro Corona 2001 Australia South Africa Agnew Driefontein St Ives Kloof South Deep Project Beatrix 2008 Building a global company 3

Gold Fields What Gold Fields Offers …. 77 million ounces of reserves A Quality Reserve A Strong Production Base 3.6 million ounces annualised 2010 safest year ever Safety Strategy Delivering US$140 million 1 (6 months to Dec 2010) Strong Free Cash Flow Strong Growth Pipeline Targeting 5moz by 2015 Net debt only 0.4 of EBITDA 2 Strong Balance Sheet Unhedged Full exposure to gold price A deep value opportunity 1. Cash flow before financing activities and dividend payments 4 2. Calendar 2010

Our Vision, Strategy & Target Simple Yet Compelling To Be The Global Leader In Sustainable Gold Mining Free Cash Flow Optimise Our Assets Grow Gold Fields Secure Our Future Targeting 5 million ounces by 2015* * In production or development 5

Growth Portfolio Developing Five New Mines Arctic Platinum Project Finland Far Southeast Yanfolila Project Project Mali Philippines Peru Chucapaca South Project Africa South Deep Project 5moz in development or production by 2015 6

South Africa Region South Deep Project • 35moz reserve • Construction on time and on budget • Build-up to 750 koz by end of 2014 • 52% increase in 2010 Driefontein/Kloof Complex South Deep Project Johannesburg Beatrix Gold Mine Production Build-Up (koz) SOUTH AFRICA 800 600 Cape Town 400 200 0 2009 2010 2011 2012 2013 2014 Plan Actual Building the greatest gold mine in the world 7

South Africa Region South Deep Project Capital Programme: 2010 to 2014 2.5 Capital (Rbn) 2 1.5 Plan 1 Actual 0.5 0 F2009 F2010 F2011 F2012 F2013 F2014 F2010 F2011 C2012 F2013 F2014 Status � Refrigeration Plant � Twin Vent Shaft � Tailings Storage Facility � Plant Expansion � New Mine Development Capital programme on time and on budget 8

South America Region Chucapaca JV Project - Peru Chucapaca JV Project 51% Gold Fields 49% Buenaventura Cerro Corona Mine PERU Lima Chucapaca JV Project Mining Concessions Chucapaca JV Project Gold Fields Buenaventura Aruntani 12,700Ha 94,100Ha 18,400Ha Dominant land position – camp scale opportunity 9

South America Region Chucapaca JV Project - Peru • Main focus on Canahuire Deposit Canahuire • Discovery hole drilled September 2008 • 50,000m drilled to date • 20,000m in phase one • 30,000m to date in phase two Cerro • 18 months from discovery to resource Chucapaca Katrina • Canahuire Initial resource of 5.6m eq oz • Amenable to open pit mining • Positive metallurgical recoveries Katrina South • Second Phase of drilling underway • 10 Rigs on-site • 100,000m of infill and step out drilling planned • Feasibility Study 2012 Gold Fields BVN Construction decision next 18-24 months 10

Chucapaca JV Project Canahuire Drilling – selected intersections (gold only) Extent of CCP10_101 CCP10_114 CCP10_103 drilling used in 54.94m @ 4.16g/t and 65.30 m @ 4.71g/t 163.50 m @ 3.71g/t 108.7m @ 2.89g/t resource Resource PitShell urce Pi CCP10_088 131.9 m @ 3.29g/t Au CCP10_023A 58 m @ 4.01g/t CCP10_079 23.60 m @ 13.68g/t CCP10_153 58.7m @ 4.7g/t and 56.1m @ 26.5g/t Incl. 30.9m @ 6.8g/t CCP10_106 75.45 m @ 7.56g/t Drilling CCP10_129 CCP10_112 Buenaventura 36.2 m @ 12.56g/t 79.4 m @ 7.44g/t Gold Fields Phase 1 CCP10_111 CCP10_070 CCP10_102 Gold Fields 225m @ 3.69g/t 55.30m @ 5.31g/t 67.6 m @ 3.6g/t Incl. 60m @ 6.37g/t Phase 2 Upgrading the resource model 11

Chucapaca JV Project Canahuire: Planning Inventory (Dec 2010) W E 1.3km 5.6 moz Resource Shell 350m Grades improving Model Looking North extending Higher grades and more ounces 12

West Africa Region Yanfolila Project - Mali • Significant land position (180 x 60km) • Property consolidation ongoing • Extensive mineralisation across entire MALI property • Drill intensive project - 80,000 m in 2011 Bamako • Main focus on Komana Camp on South Essakane Yanfolila Project of property Sadiola Loulo Morila Siguiri Syama GHANA • Targeting a 200koz p.a. starter project from 1.5 - 2.0moz initial reserve Accra Tarkwa Gold Mine Damang Gold Mine • Scoping study Q3 2011 An emerging camp in elephant country 13

Yanfolila Project Komana Camp Guinea Saniouamale West Guirin West Komana East KE Komana West KW Gonka Solona Kabaya South Targeting 2 moz within 20 km radius 14

Yanfolila Project Komana East • Improved geological understanding • Several parallel structures • High grade mineralisation at surface • KRC0150: 30m @ 5 g/t and 4m @ 9.09 g/t • Drilling on new targets delivering positive results (Guirin West and Gonka) • Gonka – potential for high grade in basalt • Phase 1 and 2 drilling complete • Revised interpretation being completed High grade open pit opportunity IP Resistivity Background 15

Yanfolila Project: Komana East South North KRC0150 – 30m @ 5 g/t and 4m @ 9.1 g/t (1m) KRC0210 – 13m @ 7.9g/t (23m) KRC0147 – 22m @ 4.7 g/t (39m) KRC0211 – 15m @ 9.1g/t (16m) KRC0155 – 21m @ 3.95g/t (0m) KRC0153 – 39m @ 1.8g/t (1m) KRC0172 – 16m @ 7.1g/t (61m) KRC0173 – 10m @ 2.1g/t (31m) KE27 base of weathering KE25 KRCD0167– 11m @ 1.1g/t (111m) KE20 KE10 200 m Colours = resource blocks Numbers = g/t Opportunity to grow the resource

Australasia Region Far Southeast Project - Philippines • World class deposit • One of the highest grade gold and copper porphyries • Significant exploration potential • Established infrastructure • Tarred access roads and existing power lines and substations • Proximity to Poro Point port facilities • Established camp, community facilities and landing strip • Tailings facilities with capacity • Established and supportive workforce based on site • Existing mineral tenure Well established mining district m 17

Far Southeast Project Philippines • Initial 80,000m drill program underway • Resource definition drilling • Confirm the high grade zone Enargite • Exploration potential remains un-tested • 8 u/g rigs and 1 surface 1,600m rig planned Drilling level • Targeting initial indicated high grade resource Historic drill intersections: FSE 691m at 2.5g/t Au, 0.9% Cu Au-Cu 907m at 1.5g/t Au, 0.5% Cu • Trade-off studies Porphyry 613m at 0.8g/t Au, 0.8% Cu underway to determine 500m scale and mining method Victoria 18Mt @ 7.71g/t Au 100 ? Enargite 40Mt @ 3.05g/t Au, m 2.25% Cu • Feasibility study 2012 -200 m Exceptional grades – world class deposit 18

Arctic Platinum Project Finland • Sleeper in Portfolio • 100% Gold Fields owned • ~12 Moz resource of 2PGE • Au – Cu – Ni by-products circa 50% of • ROVANIEMI Arctic Platinum Project revenue • Price deck tripled since 2003 feasibility FINLAND • Platsol - new metallurgical process HELSINK I • Bench scale studies indicate improved recoveries from ~50% to ~75% • Bulk sample drilling underway • Pilot Plant study underway – due end 2011 Finland - top rated mining destination 19

Arctic Platinum Project Finland (indicated) Suhanko North Tuumasuo Konttijarvi 45Mt 2.8Moz 2.0g/t (2PE +Au) Plant site Niittylampi Cu - Ni Vaaralampi Ahmavaara Not estimated Little Suhanko 116Mt 32Mt 5.5Moz 1.0Moz 1.5g/t (2PE +Au) 1.0g/t (2PE +Au) Feasibility on 12moz Resource in 2003 – Significant Upside 20