Directors: A J Wright (Chairman), N J Holland
†
(Chief Executive Officer), K Ansah, C Carolus, R Dañino*, J G Hopwood, G Marcus,
R P Menell, D N Murray, D M J Ncube, R L Pennant-Rea
†
, C I von Christierson, G M Wilson
†
British,
#
Ghanaian, *Peruvian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562-9700
Fax+27 11 562-9801
www.goldfields.co.za
Enquiries
Willie Jacobsz
Tel
+508 358-0188
Mobile +857 241-7127
Nikki Catrakilis-Wagner
Mobile +27 (0) 83 309-6720
Marritt Claassens
Mobile +27 (0) 82 307-3297
M E D I A R E L E A S E
Gold Fields and Mvelaphanda Resources successfully
completes final step of Black Economic Empowerment
Transaction Initiated in 2004
Johannesburg, 17 March 2009: Gold Fields Limited (Gold Fields) (JSE,
NYSE, NASDAQ Dubai: GFI) is pleased to announce that, in terms of the
R4.1 billion Black Economic Empowerment transaction approved by
shareholders of Gold Fields on 8 March 2004, and which reached maturity
today, Mvelaphanda Resources (Mvela Resources) today took receipt,
through its wholly owned subsidiary Mvelaphanda Gold (Proprietary)
Limited (“Mvela Gold”), of its 15% shareholding in GFI Mining South
Africa (Proprietary) Limited (“GFIMSA”), a subsidiary of Gold Fields which
owns and operates the South African gold mining assets of Gold Fields
(“the GFIMSA Shares”).
Immediately upon receipt of the GFIMSA Shares, Mvela Gold exercised its
right to require the exchange of the GFIMSA Shares for 50 million new
ordinary shares in the issued share capital of Gold Fields Limited.
Gold Fields therefore today issued 50 million new ordinary Gold Fields
Limited shares, listed on the JSE Limited, to Mvela Gold in exchange for
the GFIMSA shares, which represents a 15% equity stake in the South
African gold mining assets of Gold Fields.
This brings the total number of listed Gold Fields shares to 703,839,976.
Pursuant to the above transactions, Mvela Gold now owns approximately
7% of the listed shares of Gold Fields Limited, and Gold Fields again owns
100% of GFIMSA.
Nick Holland, Chief Executive Officer of Gold Fields, said:
We are particularly pleased that the transaction, which was based on fair
value at a firm market price, has proven to be economically sensible and
sustainable for existing Gold Fields shareholders, while creating significant
real value for Mvela Resources shareholders, thus advancing Black
Economic Empowerment in South Africa”.
Enquiries:
Willie Jacobsz
Mobile: +857 241-7127
Nikki Catrakilis-Wagner
Mobile: +27 (0) 83 309-6720
Marritt Claassens
Mobile: +27 (0) 82 307-3297
ends