Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, G J Gerwel, A Grigorian°, N J Holland
†
(Chief Financial
Officer), J M McMahon
†
, J G Hopwood, D M J Ncube, R L Pennant-Rea
†
, P J Ryan, T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fa +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
williej@goldfields.co.za
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Nerina.bodasing@goldfields.co.za
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
M E D I A
R E L E A S E
Gold Fields Limited announces intention to list in Dubai
Johannesburg, October 23, 2006. Gold Fields Limited (Gold Fields) (NYSE:
GFI; JSE: GFI), one of the world’s largest unhedged gold producers, today
formally announced its intention to seek a listing on the Dubai International
Financial Exchange (DIFX) by the end of October 2006. Gold Fields will be
the first African, South African and gold mining company to list on this
exchange. With its primary listing on the JSE, Gold Fields is also listed on the
NYSE, LSE, Euronext and Swiss Exchanges, making DIFX its fifth secondary
listing.
Dubai, like Johannesburg, is known as the City of Gold. Dubai is essentially
the entry point for physical gold moving to the Middle East, Central Asia and
also the Indian sub-continent. The DIFX is ideally situated to access both
Western and Eastern financial markets given Dubai’s optimal time zones,
political stability, ultra-modern and efficient trading hubs and international
business practices. (See
www.difx.ae
) This listing will enable Gold Fields to
access this largely untapped market and traders in the region will now also be
able to add pure gold shares to their portfolios.
Gold is culturally significant in Dubai. Strong domestic demand has pushed
Dubai’s per capita gold consumption to the highest level in the world, such
that gold sales accounted for 14% of Dubai’s gross domestic product in 2005
(valued at US$5,8 billion).
1
Ian Cockerill, Chief Executive Officer of Gold Fields, commented:
“Gold Fields has always sought to break new ground. In the same way that we
seek out gold in the four corners of the earth, we are also constantly
searching for efficient sources of capital to fund our ambitious international
growth strategy. We believe that the Dubai International Financial Exchange is
superbly placed and structured to be the gateway to accessing capital in the
Gulf and beyond. We look forward to working with the regulatory authorities in
Dubai to achieve a successful listing of our shares on their exchange”.
Christopher Sturdy, Executive Vice President, global head of The Bank of
New York Depositary Receipt Division and the Gold Fields’ sponsor to the
listing said:
"The Bank of New York pioneered the depositary receipts structure for DIFX
listings and capital raisings, executing the first IPO on DIFX in September
2005. It is particularly gratifying that we are now able to help Gold Fields, a
world-class gold mining company, access the substantial pools of liquidity
available in the Gulf region via this secondary listing on DIFX. We look
forward to helping other distinguished issuers from around the world list their
depositary receipts on DIFX."
ends