Gold Fields Launches Debut US$ Bond

Oct 01, 2010, 06:54 ET from Gold Fields Limited

JOHANNESBURG, October 1, 2010 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI), the 4th largest gold producer in the world and rated Baa3 (stable) by Moody's and BBB- (stable) by S&P (both in the investment grade category), announces the pricing of an offering of 10-year, US$1 billion of Notes consisting of 4.875% Notes due in 2020. Subject to customary conditions, the offering is expected to close on October 7th, 2010.

The Notes are being issued by Gold Fields Orogen Holding (BVI) Limited, a wholly owned subsidiary of Gold Fields, are unsecured and unsubordinated, and are fully and unconditionally guaranteed by Gold Fields and certain of its subsidiaries.

Gold Fields intends to use the net proceeds of this offering to repay certain indebtedness and for general corporate purposes.

This press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase the securities mentioned in this announcement (the "Securities") in the United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and have not and may not be offered or sold, directly or indirectly, in or into the United States absent registration or an applicable exemption from the registration requirements under the Securities Act. There will be no public offer of Securities in the United States.

Notes to editors

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.5 million gold equivalent ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and nearmine exploration projects at various stages of development. Gold Fields has total attributable gold equivalent Mineral Reserves of 78 million ounces and Mineral Resources of 281 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the NASDAQ Dubai Limited, the Euronext in Brussels (NYX) and the Swiss Exchange (SIX).

Sponsor: JP Morgan Equities Limited

SOURCE Gold Fields Limited