Directors:
C M T Thompson* (Chairman), A J Wright (Deputy Chairman), I D Cockerill
(Chief Executive Officer), G J Gerwel, N J Holland
(Chief Financial
Officer), J M McMahon
, G R Parker
, R L Pennant-Rea
, P J Ryan, T M G Sexwale, B R van Rooyen, C I von Christierson *Canadian,
British,
American
Company Secretary:
C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Dir +27 11 644-2460
Fax +27 11 484-0639
www.goldfields.co.za
Enquiries
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
North America
Cheryl A Martin
Tel +303 796-8683
Fax +303 796-8293
Tel +27 11 644-2638
Fax +27 11 484-0639
M E D I A   
R E L E A S E
MVELA'S SEXWALE HANDS OVER
R4.1 BILLION TO GOLD FIELDS
Johannesburg, 17 March 2004 - Tokyo Sexwale, the chairman of Mvelaphanda Resources (Mvela), today handed over a cheque for R4.1 billion to Ian Cockerill, the chief executive of Gold Fields in payment for Mvela receiving a 15 percent beneficial interest in the South African gold mining and related assets of Gold Fields.
Mr Sexwale was accompanied by Mrs Nthobi Angel, the chief executive officer of Mvela.
The empowerment deal, which involved lengthy and complex funding arrangements, was last week approved by both sets of shareholders. It is one of the biggest in value to date and also means that Gold Fields has taken a significant step in meeting the requirements of the Mining Charter.
Mvela will now have a 15 percent stake in three of the most productive gold mines in South Africa - Kloof, Driefontein and Beatrix.
Ian Cockerill said: "I can assure all stakeholders that the money will be put to good use in growing Gold Fields in South Africa and internationally. This deal has taken us further down the road of transformation, that we all welcome, and in the years to come will surely be viewed as a major milestone in the history of mining in South Africa. We could not wish for a better partner than Mvela and we look forward to a long and sound relationship."
ends