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Gold Fields Announces Successful Buyback of US$250m of 2020 Notes

JOHANNESBURG, May 27, 2019 /PRNewswire/ -- Gold Fields Limited (Gold Fields) (GFI) (GFI) is pleased to announce the successful buyback of $250m of the outstanding 2020 notes at 102% of par as compared with a premium of 101.73% of par at the close of business on Friday, 24 May 2019. Following the bond issuances on 9 May 2019, Gold Fields commenced a tender process to buy back up to $250m of the 2020 notes.

The remainder of the 2020 notes ($600m), due in October 2020, is expected to be repaid from a combination of available cash and bank debt facilities.

The successful completion of the new bonds, as well as the buyback, helps Gold Fields achieve one of its key financial objectives for 2019 of extending the maturity of its debt profile. The final element is a refinancing of the syndicated bank debt which is expected to be completed in Q3 2019. In addition, the Group is targeting net debt reduction of $100-150m in 2019.

Notes to editors

About Gold Fields                

Gold Fields Limited is a globally diversified gold producer with eight operating mines and two projects in Australia, Chile, Ghana, Peru and South Africa, with total attributable annual gold-equivalent production of approximately 2Moz. It has attributable gold Mineral Reserves of around 48.1Moz and gold Mineral Resources of around 96.6Moz. Attributable copper Mineral Reserves total 691 million pounds and Mineral Resources 4,816 million pounds. Gold Fields has a primary listing on the Johannesburg Stock Exchange (JSE) Limited, with secondary listings on the New York Stock Exchange (NYSE).

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd



Avishkar Nagaser
Tel:  +27 11 562-9775
Mobile:  +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com

Thomas Mengel
Tel:  +27 11 562 9849
Mobile:  +27 72 493 5170
Email:  Thomas.Mengel@goldfields.com


Sven Lunsche
Tel:  +27 11 562-9763
Mobile:  +27 83 260 9279
Email :  Sven.Lunsche@goldfields.com



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