Mvelaphanda Resources Limited                Gold Fields Limited          
                                                                               
  Registration number: 1980/001395/06     Registration number: 1968/004880/06  
                                                                               
    ISIN: ZAE000037610 JSE Code:MVL        ISIN: ZAE000018123 JSE Code: GFI    
                                                                               
          ("Mvela Resources")                       ("Gold Fields")            

                     FURTHER JOINT CAUTIONARY ANNOUNCEMENT                     

In the announcement date 10 June 2003, shareholders were advised that agreement
in principle had been reached in terms of which a broad based black economic
empowerment consortium, led by Mvela Resources will, for a consideration of
R4.1 billion, acquire a beneficial interest of 15% in the South African gold
mining assets of Gold Fields ("the transaction").

Further to this announcement on 10 June 2003, shareholders are advised that
while the transaction is progressing, Gold Fields and Mvela Resources are still
finalising certain aspects of the transaction.

Accordingly, shareholders of both Gold Fields and Mvela Resources are advised
to continue to exercise caution when dealing in securities of the respective
companies, until a further announcement is made.

Johannesburg

24 July 2003

Merchant Bank to Mvela Resources        Financial Advisor and transactional    
                                        sponsor to Gold Fields                 
RMB Corporate Finance                                                          
                                        JP Morgan                              
A division of FirstRand Bank Limited                                           
                                                                               
Attorneys to Mvela resources for the    Corporate law advisors and consultants 
transaction                             to Gold Fields                         
                                                                               
Werksmans Inc.                          Edward Nathan & Friedland (Pty) Limited
                                                                               
(Registration number 1990/007215/21)    Corporate Law Advisors and Consultants 
                                        (Registration number 1999/026464/21)   
                                                                               
Sponsor to Mvela Resources                                                     
                                                                               
PricewaterhouseCoopers Corporate                                               
Finance (Proprietary) Limited                                                  



END