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Diggers and Dealers 2006

Diggers and Dealers 2006. Terence Goodlace Head of International Operations 9 August 2006. Forward Looking Statements.

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Diggers and Dealers 2006

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  1. Diggers and Dealers 2006 Terence Goodlace Head of International Operations 9 August 2006

  2. Forward Looking Statements Certain statements in this presentation 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; decreases in the market price of gold; hazards associated with underground and surface gold mining; labour disruptions; changes in laws and government regulations, particularly environmental regulations and mineral rights legislation; changes in exchange rates; currency devaluations; inflation and other macro-economic factors; and the impact of the AIDS crisis in South Africa. These forward looking statements speak only as of the date of this document. Gold Fields 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.

  3. The Gold Fields Franchise Operating mines Developing mines Exploration offices Exploration focus St Ives Agnew

  4. The Gold Fields Franchise Operating mines Developing mines Exploration offices Exploration focus Essakane Damang Tarkwa Kloof Driefontein Beatrix

  5. The Gold Fields Franchise Operating mines Developing mines Exploration offices Exploration focus Choco 10 Cerro Corona

  6. The Gold Fields FranchiseSignificant Reserves Resources and Reserves (moz) US$480/oz A$672/oz R110,000/kg ? US$400/oz A$560/oz R92,000/kg US$ ZAR A$ Long life, high quality assets

  7. The Gold Fields FranchiseHighly Liquid Shareholder Distribution 100% Free Float – Fully Independent

  8. Quality mining Productivity Cost leadership The Gold Fields FranchiseStrategy • Margin growth • Enhancing returns to shareholders Operational Excellence • +1.5 m int oz by 2009 • Organic growth • Exploration • Acquisitions Growing Gold Fields • Balanced portfolio • Quality franchise • Value driven • World Gold Council • Unhedged • Responsible Mining Framework • License to operate • Supporting our product • Corporate citizenship Securing the Future Simple, yet effective

  9. StrategyOperational Excellence: Quality Mining Maintain Quality Profitable Ounces Maintaining mining at current ore reserve grades

  10. StrategyOperational Excellence: Tarkwa

  11. StrategyOperational Excellence: Tarkwa Open Pit Mining Physicals (kt)

  12. StrategyOperational Excellence : Cost leadership Bottom-line Projects Input Costs Margin growth

  13. StrategyGrowing Gold Fields

  14. StrategyGrowth Philosophy Organic growth Acquisitions Exploration Geological Risk Operational Socio-political Trading certainty Risk & reward trade-off

  15. Spectrum of country riskPositioning for tomorrow We take a long term view

  16. StrategyGrowth : International Portfolio Indicative koz +1.5m International ounces by 2009 *6 months annualised

  17. StrategyGrowth: Choco 10 El Callao Choco 10

  18. StrategyGrowth: Choco 10 Project in build up

  19. StrategyGrowth: Choco 10 Project Parameters

  20. StrategyGrowth: Choco 10 Choco 10/4 Block B - Hecla Block A – CVG Minerven 5km Gold Fields Concessions El Callao – A highly prospective gold district

  21. StrategyGrowth: Choco 10 • Choco 6 • 5m @ 16.2g/t (25m) • 6m @ 11.6g/t (36m) • 2m @ 23.5g/t (35m) • 4m @ 8.4g/t (7m) • 4m @ 13.4g/t (69m) • 20m @ 2.9 (16.6m) • 10.1m @ 6.5g/t (52.7m) • Choco 10 • 10.6m @ 4.9g/t (104m) • 10.9m @ 7.3g/t (145m) • 12.3m @ 5.9g/t (104m) • 7.2m @ 5.4g/t (59m) • 9.8m @ 17.6g/t (232m) • 8.9m @ 7.1g/t (249m) • Results returned March 06 • Choco 4 • 13m @ 2.9g/t (34m) • 7.7m @ 8.4g/t (35m) • 9.1m @ 7.3g/t (188m) • 9.1m @ 3.2g/t (32m) • 4m @ 12.9g/t (84m) • 3m @ 15.8g/t (27m) • 3m @ 12.6g/t (86m) • 4m @ 9.9g/t (27m) Block B - Hecla Block A – CVG Minerven • Choco 12 • 13m @ 2.9g/t (34m) • 7m @ 4.5g/t (60m) • 4m @ 5.4g/t (42m) • 4m @ 4.6g/t (39m) 5km Choco 10/4 21Mt @ 1.85g/t (1.3Moz) Gold Fields Concessions El Callao – A highly prospective gold district

  22. StrategyGrowth: Choco 10 B Tails line VBK Rosika Waste dump A Pisolita Coacia Section lines Plant Water Reservoir

  23. StrategyGrowth: Choco 10 – VBK – domain 41 8.7m @ 18.7g/t 28.2m @ 7.9g/t 12.7m @ 6.2g/t CH06-509 24.5m @ 12.5g/t CH06-510 CH06-517 CH06-515 17.3m @ 8.4g/t CH06-514 CH06-511 CH06-518 CH06-521 CH06-519 15.8m @ 5.6g/t CH06-516 CH06-512 CH06-523 CH06-520 CH06-522 CH06-513 12.7m @ 6.2g/t 4.3m @ 6.6g/t 7m @ 10.8g/t 22.1m @ 11.3g/t Proposed Drill Intersections 10.3m @ 7.0g/t

  24. StrategyGrowth: Choco 10 – VBK – domain 41 5.1m @ 3.4g/t 9.8m @ 17.6g/t 8.9m @ 7.1g/t CH06-509 CH06-510 CH06-517 CH06-515 CH06-514 CH06-511 19.7m @ 24.9g/t CH06-518 CH06-521 CH06-519 CH06-516 CH06-512 CH06-523 CH06-520 CH06-522 CH06-513 8.1m @ 7.0g/t 4.1m @ 17.4g/t 9.6m @ 2.8g/t 15.6m @ 5.5g/t Proposed Drill Intersections

  25. StrategyGrowth: Choco 10 • Now • Right people • Right practices • Right throughput • Then • Right size • Right return • Next • Expand resource base • Increase reserve base • Complete expansion studies

  26. StrategyGrowth: Cerro Corona Cerro Corona

  27. StrategyGrowth: Cerro Corona Project underway

  28. StrategyGrowth: Cerro Corona

  29. StrategyGrowth: Cerro Corona

  30. StrategyGrowth: Essakane Essakane Tarkwa Damang

  31. StrategyGrowth: Essakane Advanced exploration project * EMZ – Essakane Main Zone

  32. StrategyGrowth: Exploration N America S America Australasia Africa Europe Cerro Corona Development Feasibility APP – Suhanko Essakane Prefeasibility Meliadine APP – SK Reef Resource Development Nabire Bakte Kisenge El Callao APP – SJ Reef Victoria CMQ APP - Offsets Initial Drilling CC District Sankarani Tireo JV Fujian JV Isla Greenfields Telikan Heilongjiang Altiplano NSW Gen GFI Operated Joint Ventures Equity JV’s

  33. StrategyGrowth: Project Pipeline Damang Pit Cut Back Current Kloof Extension Area Driefontein Drop Down Tarkwa Mill Expansion Beatrix Vlakpan Project St Ives Leviathan Project ShortTerm Pipeline Ghana Underground Australia Exploration El Callao Regional Cerro Corona Regional Essakane Project MediumTerm Managing the portfolio

  34. StrategySecuring our future World Gold Council Mineral Rights Conversions AA1000 SES Stakeholder Engagement Standard ISO14001 Environmental Management Standard OSHAS 18001 Safety Management Standard Sarbannes Oxley King 2 The Global Compact Framework for sustainable development

  35. Significant Gearing F2005 F2006 Operating profit 91% RM Cash flow generation 96% RM Earnings growth 208% RM

  36. Strategic Response Margin growth and improved profitability Mining quality ounces and cost leadership • Re-investment in ore bodies • Increase development • Opportunities for growth • Deepening projects in South Africa • Expansion opportunities internationally Improved returns to shareholders 33% compound annual growth rate over the last 5 years

  37. Conclusion Well positioned for the future

  38. Diggers and Dealers 2006 Terence Goodlace Head of International Operations

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