whiteovalshape, logoandtextholding devices areall

Should youneedtodelete

pictureand“sendtoback”

ENERGISINGTHEMINEOFTHEFUTURE

TSAKANIMTHOMBENI10December2018

Energy&MinesCongress,Toronto

2

ForwardLookingstatementsTermsofuse

Certain statements in this document constitute “forward looking statements” within themeaning of Section 27Aof the US Securities Act of 1933 andSection 21Eof theUS Securities ExchangeAct of 1934.

In particular, the forward looking statements in this document includeamong others those relating to theDamang Exploration Target Statement; theFar 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 plannedcapital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Suchforward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results,performanceor achievements of the company to be materially different from the future results, performanceor achievements expressed or impliedby such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and politicalconditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connectionwith past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associatedwith underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in governmentregulations, particularly taxation and environmental regulations; and new legislation affectingmining 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-economicfactors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and otheroccupational 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 updatepublicly or release anyrevisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence ofunanticipated events.

Energisingthemineofthefuture|TsakaniMthombeni|December2018

3

AmericasregionMine:CerroCorona(Peru)Project:Salares Norte307koz10%ofGFLtotalenergy

GlobalFootprint

SouthAfricaregionMine:SouthDeep281koz18%ofGFLtotalenergy

WestAfricaregionMines:Tarkwa andDamangJVproject:Asanko GoldMine810koz46%ofGFLtotalenergy

GoldFieldsGroupEnergyusage 12178TJEnergyspend US$258m(17%ofOPEX)

US$115/ounceCarbonemissions 0.66tCO₂-e/oz

AustraliaregionMines:StIves,GrannySmithandAgnewJVProject:Gruyere935koz26%ofGFLtotalenergy

Energisingthemineofthefuture|TsakaniMthombeni|December2018

4

Macrotrendsdrivingthedisruption

Energisingthemineofthefuture|TsakaniMthombeni|December2018

Energysecurity:notbusinessasusual

Turningenergyin

miningrisksinto

opportunities

Technologytrends(supplyanddemandside): renewables,

automation,bigdata,AI,storage,IoT

Newbusinessmodelsandminingmethods: design4repurposenot

closure,selectivemining,dryprocesses

Environmentandsociety: emergingregulationstodrivedecarbonization,

zerowaste, hostcommunitiesandjobs,GHGreductions,the

food/energy/waternexus

5

EnergysecurityforminersTheenergysecuritydebate

Energisingthemineofthefuture|TsakaniMthombeni|December2018

Energyspend~17%ofOPEX(13%AISC)atGoldFields

Globaloilpricevolatility

Risingenergydemandinmining(deeper,longer,harder,further,etc)

Transitionfromgastorenewables– reapdualbenefits

Availability Reliability Affordability Low-carbontype

6

HowtheindustryandGoldFieldsarerespondingIncreasingleverageoffinnovationandtechnology

Energisingthemineofthefuture|TsakaniMthombeni|December2018

Increasingindustrycollaborations

Partnerships(OEM,IPPs,NGOs,IndustryAssociations,etc)

Creatingdigitallyenabledmines

• InvolvedinanumberofOEMpartnershipstopilotnewtechnology

• PartnershipswithglobalIPPs

• Adaptingourassetstobedigitallyenabled

AtGoldFields:

7

LatestoncaptivePPAsTheriseandriseofcaptivePPAs

• Drivenbyneedtohedgeagainstgridpricevolatilities,emergingclimaterelatedregulations

• Commercial(retailandtelecoms)sectorleadsthefront

• Miningandmaterialsarefastfollowers

• Keyissueremain:• LoM uncertaintyandthe

PPAbankabletenure• ESIstructure:regulatedvs

unregulatedmarkets

Energisingthemineofthefuture|TsakaniMthombeni|December2018

8

Implementinganintegratedenergyandcarbonmanagementstrategy

Energisingthemineofthefuture|TsakaniMthombeni|December2018

WhatGoldFieldshasbeendoing

2020aspirationalgoals:

costssavings,carbonfootprintreductionand

businessintegration

Strengthenenergysecurity

Improveenergycosts

Reducecarbonemissions

(andadapting toClimate-relatedrisks– operationsandhostcommunities)

Integrateenergymanagement into

business(ISO50001ready)

9

GoldFields’electrificationjourneyOurtransitioningstorytowardslowcarbonelectrification

Energisingthemineofthefuture|TsakaniMthombeni|December2018

>200ktCO2e/yearfromhighimpact supplyprojects

~134MWgasinstalled,additional 16MWin

study

>55MWsolarunderstudy

>18MWwind understudy

5MWbatteryunderstudy

Energysecurityassessments

&5-yearregionalplansdeveloped

Gensergasturbinescommissioned at

Tarkwa(22MW)andDamang(25MW)

GSMdiesel togaspowerplant (24

MW)commissioned

South Deep40MWsolarPVFS

128kWsolarrooftop systemscommissioned at

HelenRd

Agnewpoweroptions FS

Tarkwa15MWgasturbineinstalled

Progressingevaluation atSalaresNorte “20%renewableenergy”

GSMsolarpowerPFS

CeroCorona5MWfloating solarPVPFS,negative

ISO50001certified

Agnewpower

station PFS

Gruyeregaspowerstation (48MW),

~200kmgaspipeline

Reviewingrenewablesin Ghana

Agnewhybridpowerstation FS

GSMsolar-batteryFScomplete,positive

South Deep40MWsolarPV:

Regulatorychanges

Agnewpowerstationconstruction

GSMsolar-batteryconstruction

2015 2016 2017 2018 2019

2016E&M

10

GoldFieldsI&TstrategyLeverageI&Tforgreaterenergycostssavings

Energisingthemineofthefuture|TsakaniMthombeni|December2018

Horizon3“+5years”

Integratedandadvancedenergydataanalytics

Automatedbatterypoweredequipment

Drycomminutionprocesses

BEVfleetHorizon1“1-3years” Electricity

meteringsystems

Fueladditives

Fuelswitching

Fuelmanagementsystems

Gas,wind andsolarpower

plants

Cleanerfuels

EfficientTechnologies(lights,VSD,motors,vent

fans)

Enginecontrols

VoDConveyors,frommobileequipment

Visualisation

Heatrecovery

Horizon2“3-5years”

DieselHybrids

Dieselalternatives(CNG/LNG)

Fleetbenchmarking

(data)

Remotesmartgrids

Wastesorting

Neutralidletechnologies

In-pit crushing

ElectricLVs

11

Howcanweenergisethemineofthefuture

Energisingthemineofthefuture|TsakaniMthombeni|December2018

Electrified:weanedoffdiesel

Gas:akeytransitionfuel

Diversified energymix:wind, gas,solar

Modularandconnected Morestorage

These,coupledwithOEMtechnologychanges,willdisrupthowmines,aredesigned,operatedandclosed

mousedownanddrag

Thankyou