JOHANNESBURG, South Africa, July 27 /PRNewswire-FirstCall/ -- Gold Fields Limited ("Gold Fields") (NYSE: GFI; JSE: GFI; DIFX: GFI) is pleased to announce that agreement has been reached in terms of which JCI Limited (JCI) and Randgold & Exploration Company Limited (R&E) will relinquish certain rights which they have to ground contiguous to South Deep Gold Mine (South Deep) for a consideration of R400 million plus VAT. The agreement is subject to, inter alia, the approval of shareholders representing at least 50% of the shares entitled to vote at general meetings of both JCI and R&E. The JCI and R&E shareholders meetings are expected to take place during the last week of September. Irrevocable undertakings of support for the proposed transaction have been received from shareholders representing 57% of JCI shares and 52% of R&E shares entitled to vote at the respective meetings. The transaction, if implemented, will result in Western Areas Limited (a 100% subsidiary of Gold Fields Limited) owning 74% of a company which holds the exploration rights to the ground in question, with Peotona Gold, a black empowerment company, holding the balance. It is estimated that the contiguous ground, immediately to the East of South Deep, contains an indicated resource of approximately 16.2 million ounces of gold at a cut off grade of 5 grams per ton. This ground could be accessed through the existing South Deep Infrastructure. Gold Fields Limited Reg. 1968/004880/06 24 St Andrews Road Parktown, 2193 Postnet Suite 252 Private Bag X30500 Houghton, 2041 South Africa http://www.goldfields.co.za/ 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 DATASOURCE: Gold Fields Limited CONTACT: Gold Fields Limited, Reg. 1968/004880/06, 24 St Andrews Road, Parktown, 2193; Postnet Suite 252, Private Bag X30500, Houghton, 2041, South Africa, http://www.goldfields.co.za/; 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,

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