#1Gold Fields in Australia - Investment & Growth STUART MATHEWS Executive Vice President: Australasia 7 August 2019 - Diggers & Dealers Presentation GOLD FIELDS#2GOLD FIELDS Forward looking statements Terms of use Certain statements in this document 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. In particular, the forward looking statements in this document include among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields' growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. 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, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other occupational health risks experienced by Gold Fields' employees. 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. Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 2#3GOLD FIELDS West Africa Mines: Tarkwa and Damang Joint Venture: Asanko 680koz (2018) Americas Mine: Cerro Corona (Peru) Project: Salares Norte (Chile) 314koz (2018) Global Footprint The global leader in sustainable gold mining South Africa Mine: South Deep 157koz (2018) Australia Mines: Agnew, Granny Smith and St Ives Joint Venture: Gruyere Production: 886koz (2018) AIC: US$943 p/oz (A$1262 p/oz) The world's 8th largest gold miner, with a total annual production of over 2 million ounces Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 3#4GOLD FIELDS 43% Of Group Production Australia Regional overview Regional summary - Agnew Gold Mine (Leinster) - Granny Smith Gold Mine (Laverton) - St Ives Gold Mine (Kambalda) - Gruyere Joint Venture (200km from Laverton) 17 years in Western Australia • Third largest gold producer in Australia • 2,200+ direct employees and contractors • Underground (80%) and Open Pit (20%) • 43% of Group gold production 42% of Group net cash-flow ⚫ Annual exploration spend ~A$90m • A$834m total exploration spend since 2002 Resources (2018) - 17.1Moz Reserves (2018) - 6.4Moz Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 4#5GOLD FIELDS Key Investments for Growth Investing for the future - • Exploration - maintaining A$85-100m per annum spend in Australia - Granny Smith continued growth in-mine St. Ives Invincible growth Agnew - Waroonga & New Holland growth, "emerging" Redeemer Complex • Strategic Investments New Agnew Camp Microgrid standalone Power solution at Agnew - gas/solar/wind/battery Gruyere Project - delivery to production Growth - Sustainability - Delivery Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 5#6GOLD FIELDS Granny Smith FIFO operation located near Laverton 21km south of Laverton Underground operation - new Joey decline being created in Wallaby mine 750+ staff and contractors ● Production 270,000+ ounces per annum • Ore processed 1.65+ million tonnes per annum • Mineral Resources 7.83 Moz (2018) Mineral Reserves 2.24 million Moz (2018) Exploration spend A$20m in 2019 • 8MW solar power generation system (20,000 PV panels) - in construction Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 9#7GOLD FIELDS St Ives Predominantly residential site located in Kambalda • Located 80km south of Kalgoorlie • Combination of underground and open pit mines Investing $100m in Invincible South underground 800+ staff and contractors Workforce 90% residential Production 360, 000+ ounces per annum 4.3 million tonnes of ore processed per annum ●Mineral Resources 3.92 million ounces (2018) • Mineral Reserves 1.74 million ounces (2018) Exploration spend A$35m in 2019 Life of mine 2023+ Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 7#8GOLD FIELDS Exploration - Greater Invincible Greater Invincible Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 80#9N GOLD FIELDS Greater Invincible Exploration Growing Invincible - Potential for extensions and a new shoot Target Description: Brecciated mudstone hosted mineralisation Potential: +2Moz Geological Opportunities: • Multiple lodes • Down dip extensions of all lodes Time to mining: <2yr UG Extensions Open Pit extensions Greater Invincible North Invincible Deeps Greater Invincible Mids Invincible South Greater Invincible South Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews GM Intercept 100 50 30 20 10 9 S#10GOLD FIELDS Agnew FIFO operation located near Leinster • 23km west of Leinster Underground operation - Waroonga and New Holland mines Production 235 000+ ounces per annum 660+ staff and contractors Tenement holding of over 600sqkms Mineral Resources 2.049 Moz (2018) Mineral Reserves 560 Koz(2018) Exploration spend A$25m in 2019 Industry first gas/solar/wind energy solution (+A$100M investment) New accommodation camp in operation (A$36M investment) ● Emerging Redeemer complex with exploration focus Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 10 10#11GOLD FIELDS Context Multiple narrow lode ore bodies (1-5 metres) Limited strike extents Large vertical extent (steeply dipping) Coarse gold 3 years reserves for 35 years Agnew Gold Mine Exploration & Growth at Waroonga - focus areas +40800 N +40500 N WAROONGA NORTH/ KATH UPPER +40200 N +9900 +9600 Saint?? Potential new lode WAROONGA • NORTH KATH LOWER +9300 LOWER LINK UPPER KIM/LINK/FBH LOWER FBH SOUTH +10200 +9900 MAIN SOUTH YEOMAN +9600 MAIN SOUTH LOWER Open +9000 +41700 N Open +41400 +41100 N Open +40500 N +40200 N . 3 Open +39600 N +39300 N Mined since 1993 - Right Investment level maintains life and production profile Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews +39000 N +9300 +9000 11#12now.com GOLD FIELDS 6,893,000 6,894,000 6,895,000 LEGEND Max Au Au_ppm > 0.001 . 0.001 0.025 0.025 0.075 0.075-0.25 . 0.25-1.0 . 1.0-2.0 <• 2.0-5.0 > 5.0 W E S Exploration - Greater Redeemer 250.000 251,000 252.000 253,000 254,000 255.000 256,000 N 251,000 + + Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 253,000 0 200 400 600 800 1,000 Meters + BOLD FILELIS Projection: < AGNEW GOLD MINE Greater Redeemer Geology Map with drilling results Date: March 2019 Compiled: MS File Name: Scale: 1:18,252 Drawn: MS temp_A3L 254,000 255,000 6,893,000 6,894,000 6,895,000 12 12#13GOLD FIELDS Greater Redeemer - Zone 2 North Agnew Mill (6km away) Barren Lands (1km away) Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews Zone 2 North 13#14GOLD FIELDS Redeemer - Exploration Zone 2 North +N Zone2 North -500m Open -1,000m 1708 1714A 1672 1668 85gm 1715 1707A Ogm gm, 1624 46gm 1673 38gm 56 gm 1664 1708 1623 1670 20gm 1662 Open 1675 80gm 2gm 64gr 39gm 1625 1687 25gm 1669 10m 1709 62gm 56gm 1674 1661 1671 68gm 20gm 8gm 1666A 12gm 1713 1710A 6gm 1711 7gm 17 2 1683 19gm 68 m Redeemer North 0 250 500 m 1885 @gm 1621W1 30gm 1621 1620 91gm 135gm Open 1622 2pm 1680 19gmt Redeemer open pit (tailings storage) Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews S-> Zone2 South Redeemer UG (tailings storage) Legend Drilling pre-2018 Drilling >2018 Resource <2018 Added >2018 Intercept Symbols Grade Width Upgrade Confirm Geology Downgrade Pending Planned dh Note: All holes have "EMSD" prefix 14#15GOLD FIELDS North (3.5km to Waroonga) Barren Lands 4 2 Barren Lands Open Redeemer - Exploration Greater Redeemer Complex 3 Redeemer North Redeemer Zone 2 North 6 Zone 2 North. Redeemer North South (1km to Crusader)- Zone 2 South 5 125 Plunge 00 Azimuth 089 250 375 500 Redeemer Crusader Complex Diggers & Dealers Presentation, 7 August 2019 - Stuart Mathews 15#16GOLD FIELDS Energy security for miners Energy challenges facing the global mining industry Availability of energy Reliability of energy supply Affordability of energy Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews а Thy Addressing energy's climate impacts 16#17GOLD FIELDS Optimised Microgrid • • Agnew hybrid microgrid project 18MW through 5 wind turbines 4MW solar plant (10,000 panels) 13MW/4MWhr battery unit Decarbonising our mines Funding • • . 16MW gas plant to underpin demand 25km gas supply pipeline A$112m capital cost Funded by EDL - 10 year supply contract ARENA recoupable contribution- A$13.5m Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews Construction Schedule • · • - Gas pipeline completed May 2019 Gas/solar power plants - completed August 2019 Wind turbines and battery plant- commenced July 2019 / completion May 2020 This Project received funding from ARENA as part of ARENA's Advancing Renewables Program 17#18GOLD FIELDS Agnew hybrid microgrid project Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 18#19GOLD FIELDS Agnew - Hybrid Power Solution May 2020 Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews#20Gruyere Project#21The Gruyere Joint Venture The Gruyere Project is a 50:50 Joint Venture between Gruyere Mining Company and Gold Road Resources. Gold Fields is the project manager and operator of the Gruyere Project Gruyere JV GOLD ROAD RESOURCES GOLD FIELDS Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 21 24#22Gruyere Mine - July 2019 Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews 22 22#23Gruyere Mine • . • Highlights First Gold Poured 30 June 2019 1,139 ounces Full process circuit in operation Ramp up of processing has commenced (6-7 months to target of 8.2Mtpa) On-Budget Project: A$621m 300,000 ounces per annum +12 years Life-of-Mine 3.78Moz Reserve 6.61Moz Resource Gold Fields in Australia - Investment and Growth | 7 August 2019 | Stuart Mathews E 23#24Thank you QUESTIONS AND ANSWERS