Gold Fields Sells Stake in Eldorado Gold for CAD323 Million

    JOHANNESBURG, Sept. 4 /CNW/ - Gold Fields Limited (Gold Fields) (JSE,
NYSE, NASDAQ Dubai: GFI) is pleased to announce that it has disposed of its
holding in Eldorado Gold Corporation (Eldorado). Gold Fields disposed of
27,824,654 Eldorado shares at CAD11,61 per share for a total consideration of
CAD323 million (approximately US$293 million(*)).
    This share disposal does not impact Gold Fields' top-up right as
negotiated with Eldorado in connection with the sale to Eldorado of its 19,9%
stake in Sino Gold Mining Limited (Sino Gold). If Eldorado acquires in any
manner an additional 5% or more of the shares of Sino Gold during the 18
months ending in early December 2010, Gold Fields will receive a top-up should
a higher price be paid in that transaction than the original consideration of
48 Eldorado shares for every 100 Sino Gold shares.
    The proceeds of this disposal will be used for debt repayments.

    (*)Exchange rate: USD/CAD:1.1

    About Gold Fields

    Gold Fields Limited is one of the world's largest unhedged producers of
gold with attributable steady state production of approximately 3.6 million
ounces per annum from nine operating mines in South Africa, Peru, Ghana and
Australia. The company has total attributable ore reserves of 83 million
ounces and mineral resources of 251 million ounces. Gold Fields is listed on
the JSE Limited (primary listing), New York Stock Exchange (NYSE), NASDAQ
Dubai Limited (NASDAQ Dubai), NYSE Euronext in Brussels (NYX) and Swiss
Exchange (SWX). For more information please visit the Gold Fields website at

For further information:

For further information: Enquiries: Media and Investor Enquiries: Willie
Jacobsz, Tel (508) 839-1188, Mobile (857) 241-7127, email; Nikki Catrakilis-Wagner, Tel +27-11-562-9706,
Mobile +27(0)83-309-6720, email;
Media Enquiries: Julian Gwillim, Tel +27-11-562-9774, Mobile
+27(0)82-452-4389, email

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890