Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, 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.z
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
MEDIA RELEASE
NOT FOR DISTRIBUTION IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN
GOLD FIELDS ACQUIRES BARRICK’S STAKE IN
SOUTH DEEP
Johannesburg, December 1, 2006. Gold Fields Limited (Gold Fields)
(NYSE, JSE, DIFX: GFI) is pleased to announce that it has today
completed the acquisition of Barrick Gold Corporation’s 50% interest in
the South Deep gold mine and Barrick’s rights under the Joint Venture
with Western Areas Limited, for a consideration of $1.525 billion. The
consideration comprises $1.20 billion cash and 18,701,944 Gold Fields
shares*.
In respect of the general offer made to Western Areas Limited ( WAL)
shareholders, Gold Fields announced on the 23
rd
of November that the
offer had become unconditional and was open for acceptance. The
offer is not subject to any minimum acceptance conditions.
Gold Fields confirms it has acquired 27 million WAL shares from JCI
Limited (JCI), and has also exercised the call option in respect of a
further 9.96 million shares.
Ian Cockerill, the Chief Executive Officer of Gold Fields said:
“The conclusion of the Barrick deal and the acquisition of the JCI
shares in Western Areas is a significant milestone in our strategy of
acquiring control of the South Deep gold mine and bringing ownership
of this asset home to South Africa. The Barrick deal gives us effective
control of the operations and allows us to begin the process of realising
the full potential of this world-class gold asset.
The acquisition of South Deep represents further growth of the unique
Gold Fields franchise of “owning and operating a few large high quality
long life assets.”
-ends-
*
The shares were valued at US$325m based on the volume weighted average ADR trading price
on the NYSE for the five trading days preceding the third Business Day prior to the closing date.