GOLD FIELDS HOSTS A CAPITAL MARKETS DAY – SHOWCASING THE VALUE AND POTENTIAL OF OUR PORTFOLIO

Gold Fields Limited
Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
JSE, NYSE, DIFX Share Code: GFI
ISIN Code:ZAE000018123
("Gold Fields" or the "Company")

GOLD FIELDS HOSTS A CAPITAL MARKETS DAY – SHOWCASING THE VALUE AND
POTENTIAL OF OUR PORTFOLIO

Gold Fields is pleased to announce that the Company will be hosting its
inaugural Capital Markets Day at 15:00 SAST today, 12 November 2025. The
event will provide shareholders with a comprehensive update on Gold Fields'
strategic initiatives aimed at enhancing both the quality and value of its
portfolio.

Key topics covered will include:
   •   Five-year outlook:
       Gold Fields will present a five-year outlook across production, costs
       and capital expenditure as well as projected cash flows. In addition,
       management will also present opportunities within the current
       portfolio of assets that will enable the Company to maintain a
       production profile between 2.5Moz – 3.0Moz per annum, improve its
       cost base and extend life into the next decade.

   •   Update on the Windfall Project:
       Gold Fields will provide an updated capital estimate for the Windfall
       Project together with the expected construction schedule. The
       Windfall Project presents significant growth potential, both at the
       Windfall deposit and on the greater land package, which underpins the
       Company's intention to create a new multi-decade mining district in
       the Gold Fields portfolio.

   •   Capital allocation framework and revised dividend policy:
       A refined capital allocation framework will be presented, which
       includes a revised dividend policy. The Company's Board of Directors
       has approved a revised dividend policy which includes a targeted base
       dividend of 35% of free cash flow before discretionary growth
       investments, with a minimum dividend of US$0.50 per share (paid semi-
       annually at US$0.25 per share), subject to maintaining an adjusted
       net debt to adjusted EBITDA ratio of below 1.0 times. Should this
       minimum be lower than the targeted 35% of free cash flow before
       discretionary growth investments, Gold Fields will make a top-up
       payment to bring the total base dividend to 35% of free cash flow
       before discretionary growth investments.

   •   Additional shareholder returns of up to US$500m over the next two
       years:
       In addition to the base dividend described above, based on the
       operating and financial performance in 2025 to date, and current cash
       flow projections, the Company expects to provide shareholders with an
       additional return of up to US$500m to be delivered over a two-year
       period. This additional return will be in the form of share buybacks
       and/or special dividends. The timing and composition of such returns
       will be communicated with the 2025 final dividend declaration.

The presentation materials and invitation with registration link are
available and can be accessed on the company's website at
https://www.goldfields.com/.

12 November 2025

Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

Investor and media enquiries:
Jongisa Magagula
Tel: +27 11 562 9775
Mobile: +27 82 562 5288
Email: Jongisa.Magagula@goldfields.com

Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com

About Gold Fields
Gold Fields is a globally diversified gold producer with nine mines in
Australia, South Africa, Ghana, Chile and Peru and one project in Canada.
The Company has total attributable annual gold-equivalent production of
2.1Moz, proved and probable gold Mineral Reserves of 44.3Moz, measured and
indicated gold Mineral Resources of 30.4Moz (excluding Mineral Reserves)
and inferred Gold Mineral Resources of 11.6Moz (excluding Mineral
Reserves). Our shares are listed on the Johannesburg Stock Exchange (JSE)
and our American depositary shares trade on the New York Exchange (NYSE).

Forward Looking Statements
This announcement contains forward-looking statements within the meaning of
the "safe harbour" provisions of the Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical fact
included in this announcement may be forward-looking statements. Forward-
looking statements may be identified by the use of words such as "aim",
"anticipate", "will", "would", "expect", "may", "could", "believe",
"target", "estimate", "project" and words of similar meaning.
These forward-looking statements, including among others, those relating to
Gold Fields' future business strategy, development activities (including
the permitting, development and operations of the Windfall Project and
opportunities in the greater Windfall land package) and other initiatives,
anticipated benefits of acquisitions or joint ventures (including the
acquisition of Gold Road Resources), the ability to successfully renew,
extend and/or retain mining rights, licences or other interests (including
the satisfaction of licence conditions), ability to conclude divestments on
favourable terms (if at all), business prospects, financial positions
(including anticipated cash flows and costs), anticipated shareholder
returns, production and operational guidance, climate and ESG-related
statements, targets and metrics, are necessary estimates reflecting the
best judgement of the senior management of Gold Fields and involve a number
of risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements. Forward-
looking statements are statements of future expectations that are based on
management's current expectations and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or implied
in these statements. Readers should consider these statements in light of
various important factors, including those set forth in Gold Fields'
Integrated Annual Report 2024 filed with the Johannesburg Stock Exchange
and the Annual Report on Form 20-F filed with the United States Securities
and Exchange Commission (SEC) on 27 March 2025 (SEC File no. 001-31318).
Readers are cautioned not to place undue reliance on such statements. These
forward-looking statements speak only as of the date they are made. 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 announcement or to reflect the occurrence of
unanticipated events. These forward-looking statements have not been
reviewed or reported on by the Company's external auditors.

Date: 12-11-2025 11:00:00
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