GFI Gold Fields Ltd

JOHANNESBURG, October 23 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (NYSE:GFI)(JSE:GFI), one of the world's largest unhedged gold producers, today formally announced its intention to seek a listing on the Dubai International Financial Exchange (DIFX) by the end of October 2006. Gold Fields will be the first African, South African and gold mining company to list on this exchange. With its primary listing on the JSE, Gold Fields is also listed on the NYSE, LSE, Euronext and Swiss Exchanges, making DIFX its fifth secondary listing. Dubai, like Johannesburg, is known as the City of Gold. Dubai is essentially the entry point for physical gold moving to the Middle East, Central Asia and also the Indian sub-continent. The DIFX is ideally situated to access both Western and Eastern financial markets given Dubai's optimal time zones, political stability, ultra-modern and efficient trading hubs and international business practices. (See http://www.difx.ae/) This listing will enable Gold Fields to access this largely untapped market and traders in the region will now also be able to add pure gold shares to their portfolios. Gold is culturally significant in Dubai. Strong domestic demand has pushed Dubai's per capita gold consumption to the highest level in the world, such that gold sales accounted for 14% of Dubai's gross domestic product in 2005 (valued at US$5,8 billion). (1) Ian Cockerill, Chief Executive Officer of Gold Fields, commented: "Gold Fields has always sought to break new ground. In the same way that we seek out gold in the four corners of the earth, we are also constantly searching for efficient sources of capital to fund our ambitious international growth strategy. We believe that the Dubai International Financial Exchange is superbly placed and structured to be the gateway to accessing capital in the Gulf and beyond. We look forward to working with the regulatory authorities in Dubai to achieve a successful listing of our shares on their exchange." Christopher Sturdy, Executive Vice President, global head of The Bank of New York Depositary Receipt Division and the Gold Fields' sponsor to the listing said: "The Bank of New York pioneered the depositary receipts structure for DIFX listings and capital raisings, executing the first IPO on DIFX in September 2005. It is particularly gratifying that we are now able to help Gold Fields, a world-class gold mining company, access the substantial pools of liquidity available in the Gulf region via this secondary listing on DIFX. We look forward to helping other distinguished issuers from around the world list their depositary receipts on DIFX." Notes to the Editor Background on the Dubai International Financial Exchange The Dubai International Financial Exchange's (DIFX) is located in the Dubai International Financial Centre (DIFC), a financial free zone, operational since 2004. DIFX's aim, since inception in September 2005, is to be the leading stock exchange between Western Europe and East Asia. The exchange currently has 16 member banks - ABN AMRO, Abu Dhabi Commercial Bank, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, HSBC, Jefferies International, KAS BANK, Mashreq Capital DIFC Ltd, Merrill Lynch, Morgan Stanley, SHUAA Capital, Standard Chartered and UBS. DIFX is the main gateway to opportunities in the Gulf Cooperation Council States, the rest of the Middle East, North Africa, South Africa, Turkey, Central Asia and also the Indian sub-continent. The DIFX intends to become the platform of choice in its region for a range of equities, bonds, funds, Islamic products, Index products and derivatives. Financial activities in the DIFC are governed to international standards by an independent regulator, the Dubai Financial Services Authority (DFSA). The President of the DIFC is His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the UAE Vice-President, Prime Minister and ruler of Dubai. DIFX standards are comparable to those of leading international exchanges in New York, London and Hong Kong. For issuers of shares and other securities in these areas, the exchange offers increased market visibility, unprecedented access to regional and global capital and the ability to sustain fair valuation. (1). Source: Commodities Now DATASOURCE: Gold Fields Limited CONTACT: Enquires - South Africa, Willie Jacobsz, Tel +27-11-644-2460, Fax +27-11-484-0639, ; Nerina Bodasing, Tel +27-11-644-2630, Fax +27-11-484-0639, ; North America, Cheryl A Martin, Tel +1-303-796-8683, Fax +1-303-796-8293,

Copyright