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

Diggers and Dealers 2006

Terence Goodlace

Head of International Operations

9 August 2006

2Diggers & Dealers Forum 2006 – Terence Goodlace

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.

The Gold Fields Franchise

Operating minesOperating mines

Developing minesDeveloping mines

Exploration Exploration officesoffices

Exploration focusExploration focus

St IvesSt Ives

AgnewAgnew

KloofKloof

DriefonteinDriefontein

BeatrixBeatrix

TarkwaTarkwa

DamangDamang

EssakaneEssakane

Choco 10Choco 10

CerroCerroCoronaCorona

Resources and Reserves (moz)

Reserves Resources Upside

Driefontein Kloof BeatrixTarkwa Damang St IvesAgnew Choco 10 Cerro Corona

The Gold Fields FranchiseSignificant Reserves

Long life, high quality assets

US$400/ozUS$400/ozA$560/ozA$560/oz

R92,000/kgR92,000/kg

US$480/ozUS$480/ozA$672/ozA$672/oz

R110,000/kgR110,000/kg

The Gold Fields FranchiseHighly Liquid

NYSE symbol GFI

Shares outstanding

495 million

Free float 100%

ADR ratio 1:1

Daily volume 3 million

Shareholder Distribution

South Africa North America

Europe Asia/Middle East

100% Free Float – Fully Independent

• Quality mining

• Productivity

• Cost leadership

• Margin growth• Enhancing returns

to shareholders

• +1.5 m int oz by 2009

• Organic growth

• Exploration

• Acquisitions

• Balanced portfolio• Quality franchise• Value driven

• World Gold Council

• Unhedged

• Responsible Mining Framework

• License to operate• Supporting our

product• Corporate citizenship

Growing Gold Fields

Securing the Future

Operational Excellence

Simple, yet effective

The Gold Fields FranchiseStrategy

StrategyOperational Excellence: Quality Mining

100000

120000

140000

160000

180000

Maintain QualityProfitable Ounces

Maintaining mining at current ore reserve grades

StrategyOperational Excellence: Tarkwa

20,000

40,000

60,000

80,000

100,000

120,000

140,000

F2006 F2007 F2008

Current fleet Rented fleet

Additional fleet Future fleet requirments

Open Pit Mining Physicals (kt)

Gold (US$/oz) group total cash costs (US$/oz)

Input Costs

Bottom-line Projects

Margin growth

StrategyOperational Excellence : Cost leadership

StrategyGrowing Gold Fields

Value enhancing approach

The right metal

The right sizeThe right locations

The right price

Balanced portfolio

Organic growth Acquisitions Exploration

Geological

Operational Socio-political

StrategyGrowth Philosophy

Trading certainty

Risk & reward trade-off

Spectrum of country riskPositioning for tomorrow

Australia South Africa Ghana Peru Venezuela

Current

China Dominican Republic Stans Russia

Medium Term

Colombia Bolivia

Zimbabwe Not now

We take a long term view

+1.5m International ounces by 2009

StrategyGrowth : International Portfolio

*6 months annualised

2,5001

Tarkwa St Ives Agnew

Damang Choco 10 Cerro Corona

IndicativeIndicative

StrategyGrowth: Choco 10

El CallaoEl CallaoChoco 10Choco 10

Project in build up

Socio-political situation

• Increasing the community relations effort

• Exploitation certificates in place

Project development

• In production build up

• Mining of oxides and transitional ores

• Cost advantages in Venezuela

Outlook

• New plans underway

Project ParametersResources

• 64 mt @ 1.7 g/t gold

• 3.5 moz gold

Reserves• 21mt @ 1.8 g/t gold

• 1.2 moz gold

Surface mine

• 1.8 mtpa

• 2.2 strip ratio

• Conventional load & haul

• Conventional CIP

• Re-capitalising for US$6m

• Expansion or new plant to double plant

Exploration for F2007 – US$11m

Capital for F2007 – US$16 m

137 koz to 300 koz of gold per annum targeted

Note: Reserves as per March 2005 – NI 43-101 at US$375/0Z

Block B - Hecla

Block A – CVG Minerven

Choco 10/4

Gold FieldsConcessions

El Callao – A highly prospective gold district

Block B - Hecla

Block A – CVG Minerven

Choco 10/421Mt @ 1.85g/t

(1.3Moz)

Choco 12•13m @ 2.9g/t (34m)•7m @ 4.5g/t (60m)• 4m @ 5.4g/t (42m)• 4m @ 4.6g/t (39m)

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 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 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)

Gold FieldsConcessions

El Callao – A highly prospective gold district

Water Reservoir

Pisolita

Rosika

Coacia

Tails line

Waste dump

Section lines

Proposed Drill Intersections

CH06-509

CH06-510

CH06-511

CH06-512

CH06-513

CH06-514

CH06-515

CH06-517

CH06-518CH06-519

CH06-520

CH06-521

CH06-522 CH06-523

22.1m @ 11.3g/t

17.3m @ 8.4g/t

24.5m @ 12.5g/t

10.3m @ 7.0g/t

12.7m @ 6.2g/t

28.2m @ 7.9g/t

8.7m @ 18.7g/t

CH06-516

4.3m @ 6.6g/t

7m @ 10.8g/t

12.7m @ 6.2g/t

15.8m @ 5.6g/t

StrategyGrowth: Choco 10 – VBK – domain 41

Proposed Drill Intersections

CH06-509

CH06-510

CH06-511

CH06-512

CH06-513

CH06-514

CH06-515

CH06-517

CH06-518CH06-519

CH06-520

CH06-521

CH06-522 CH06-523

19.7m @ 24.9g/t

8.1m @ 7.0g/t

9.8m @ 17.6g/t

8.9m @ 7.1g/t

CH06-516

9.6m @ 2.8g/t15.6m @

5.5g/t

4.1m @ 17.4g/t

5.1m @ 3.4g/t

StrategyGrowth: Choco 10 – VBK – domain 41

• Now

– Right people

– Right practices

– Right throughput

• Next

– Expand resource base

– Increase reserve base

– Complete expansion studies

• Then

– Right size

– Right return

StrategyGrowth: Cerro Corona

CerroCerroCoronaCorona

Project underway

Socio-political situation

• Community relations remain stable

Project development

• Engineering 90% complete

• Bulk earthworks ramping up

• Mining operations commenced - Waste stripping underway - oxide and sulphide ores

• Commodity and service cost pressures remain

Outlook

• Production by end C2007 still planned

Resources• 151mt @ 1 g/t gold & 0.47% Copper

• 7.7 moz Gold equivalent

Reserves• 98mt @ 1g/t gold & 0.53% Copper

• 5.9 moz Gold equivalent

Surface mine

• 6.2mtpa

• low strip ratio

• Conventional load & haul

6.2mtpa concentrator

• Conventional sulphide flotation

• Producing 25% Cu concentrate with ~40g/t Gold

• Smelter terms locked in

Producing 2.1 moz gold and 424 kt copper

over 17 years

+/-350 koz per annum of gold equivalent

Note: Reserves and gold equivalent calculated at US$400/oz gold and US$1.00/lb copper. Gold Fields holds an 80.7% economic interest over the

deposit.

StrategyGrowth: Essakane

EssakaneEssakane

TarkwaTarkwaDamangDamang

StrategyGrowth: Essakane

Exploration

- EMZ* infill drilling completed

Re-assay programme

- Logistics challenging

- Prioritised to in pit ore

Move to feasibility study in October 2006

- Feasibility study by June 2007

Advanced exploration project* EMZ – Essakane Main Zone* EMZ – Essakane Main Zone

N America

S America

Australasia

Africa Europe

Feasibility

Prefeasibility

Resource

Development

Initial

Drilling

Greenfields

Essakane

El Callao

Victoria

Nabire Bakte

GFI Operated Joint Ventures Equity JV’s

Altiplano

APP - Offsets

APP – SJ Reef

APP – SK Reef

APP – Suhanko

Cerro Corona

Fujian JV

NSW Gen

CMQCC District

TelikanHeilongjiang

Meliadine

Tireo JV

Sankarani

Development

Kisenge

StrategyGrowth: Exploration

Damang Pit Cut Back

Kloof Extension AreaDriefontein Drop Down Tarkwa Mill ExpansionBeatrix Vlakpan ProjectSt Ives Leviathan Project

Ghana UndergroundAustralia ExplorationEl Callao RegionalCerro Corona RegionalEssakane Project

Current

ShortTerm

MediumTerm

Managing the portfolio

StrategyGrowth: Project Pipeline

WorldGold

Council

Mineral RightsConversions

AA1000 SESStakeholder Engagement

Standard

ISO14001Environmental Management

Standard

TheGlobal

Compact

Sarbannes OxleyKing 2

Framework for sustainable development

StrategySecuring our future

OSHAS 18001Safety Management

Standard

Significant Gearing

F2005 F2006

2005 2006

Earnings growth

Cash flow generation

Operating profit

F2005 F2006

Strategic Response

Mining quality ounces and cost leadership

Margin growth and improved profitability

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

Conclusion

Well positioned for the future

• Simple, well executed strategy- Unhedged and geared to gold

- Improving geographic and asset diversity

- Maintenance of a quality franchise

- Delivering on our promises

Diggers and Dealers 2006

Terence Goodlace

Head of International Operations

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

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