GOLD FIELDS LIMITED - Gold Fields agrees a way forward for Damang mine with the Government of Ghana

Gold Fields agrees a way forward for Damang mine with the Government of Ghana

Gold Fields Limited
(Incorporated in the Republic of South Africa)
(Reg. No. 1968/004880/06)
JSE, NYSE, DIFX Share Code: GFI
ISIN Code:ZAE000018123
("Gold Fields" or "the Company")

GOLD FIELDS AGREES A WAY FORWARD FOR DAMANG MINE WITH THE GOVERNMENT OF
GHANA

Shareholders are referred to the SENS announcement released by Gold Fields
on 14 April 2025 in which the Company provided an update on the Damang
mining lease extension.

The Company is pleased to have reached an agreement with the Government
of Ghana for a productive way forward for the Damang mine that is expected
to benefit employees, local communities, the mine's stakeholders and the
people of Ghana.

Gold Fields has been engaged in extensive discussions with the Government
of Ghana, which have yielded a constructive agreement for the Damang mine
as follows:
   -  The Government of Ghana will grant a new mining lease to Gold Fields
      for the Damang mine, for twelve months, during which time Gold
      Fields will continue to operate the mine. The new mining lease will
      be subject to ratification by Parliament when it reconvenes on 16
      May 2025;
   -  During the new lease period, the Company will safely recommence
      mining activities at Damang, in line with the mining programme that
      has been submitted to the Government of Ghana, ensuring continued
      employment and an increase in jobs created, with the restart of
      mining activities. Gold Fields will take all reasonable steps to
      restart open pit mining, and the Minister of Lands and Natural
      Resources will provide the necessary support in obtaining the
      requisite permits to recommence mining. In the interim, the Damang
      mine will continue to process surface stockpiles;
   -  Concurrently, Gold Fields will progress and finalise, by the end of
      2025, the detailed bankable feasibility study to extend the life of
      Damang mine. Gold Fields is committed to continuing with the infill
      exploration drilling programme to improve Mineral Resource
      confidence at the mine;
   -  In support of the Government of Ghana's objective to increase
      meaningful local participation and ownership in the Ghanaian mining
      industry, Gold Fields and the Government of Ghana will each appoint
      representatives to a joint asset transition team, who will appoint
      advisors and work collaboratively to ensure the successful
      transition of the asset to ownership by the people of Ghana. Gold
      Fields and the Government of Ghana commit to the principles of
      transparency, sound governance, and open engagement throughout this
      process; and
   -  Gold Fields notes the Government of Ghana's strong support for
      continued operations at Tarkwa mine and will commence preparation
      of the applications for the Tarkwa mine lease extensions, which are
      due for renewal in 2027, noting that the current developments at
      the Damang mine do not affect operations at Tarkwa mine, which
      continues to operate as normal.

Gold Fields will update shareholders of any further material developments
on this matter.

24 April 2025

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

For investor and media queries contact:

Jongisa Magagula
Tel: +27 11 562 9775
Mobile: +27 82 562 5288
Email: Jongisa.Magagula@goldfields.com

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

For media queries contact our media advisors at the Brunswick Group:
South Africa:
Timothy Schultz
Mobile: +27 82 309 2496
Email: TSchultz@brunswick.co.za

United Kingdom:
Pip Green
Mobile: +44 783 450 2589
Email: PGreen@brunswickgroup.com

United States:
Nikki Ritchie
Mobile: +1 845 682 9850
Email: nritchie@brunswickgroup.com


About Gold Fields
Gold Fields is a globally diversified gold producer with nine mines in
Australia, South Africa, Ghana, Chile and Peru and one project in Canada.
The Company has total attributable annual gold-equivalent production of
2.1Moz, proved and probable gold Mineral Reserves of 44.3Moz, measured
and indicated gold Mineral Resources of 30.4Moz (excluding Mineral
Reserves) and inferred Gold Mineral Resources of 11.6Moz (excluding
Mineral Reserves). Our shares are listed on the Johannesburg Stock
Exchange (JSE) and our American depositary shares trade on the New York
Exchange (NYSE).
Forward-looking statements
This       announcement       contains       forward-looking statements.
All statements other than statements of historical fact included in this
announcement     may     be     forward-looking statements.     Forward-
looking statements may be identified by the use of words such as "aim",
"anticipate", "will", "would", "expect", "may", "could", "believe",
"target", "estimate", "project" and words of similar meaning.

These forward-looking statements, including among others, those relating
to Gold Fields' future business strategy, development activities and other
initiatives, ability to successfully renew, extend and/or retain mining
rights, licences or other interests (including the satisfaction of licence
conditions), ability to conclude divestments on favourable terms (if at
all), business prospects, financial positions, production and operational
guidance, are necessary estimates reflecting the best judgement of the
senior management of Gold Fields and involve a number of risks and
uncertainties that could cause actual results to differ materially from
those suggested by the forward-looking statements. By their nature,
forward-looking statements involve risk and uncertainty because they
relate to future events and circumstances and should be considered in
light of various important factors, including those set forth in Gold
Fields' Integrated Annual Report 2024 filed with the Johannesburg Stock
Exchange and annual report on Form 20-F filed with the United States
Securities and Exchange Commission (SEC) on 27 March 2025 (SEC File no.
001-31318). Readers are cautioned not to place undue reliance on
such statements. These forward-looking statements speak only as of the
date they are made. 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 announcement or to
reflect the occurrence of unanticipated events. These forward-
looking statements have not been reviewed or reported on by the Company's
external auditors.

Date: 24-04-2025 07:05:00
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