| Fri 28 Nov 2003, 11:17 | | Exercise of Managers Option |
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Gold Fields Limited - - Exercise of Managers Option
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Gold Fields Limited - - Exercise of Managers Option
(Incorporated in the Republic of South Africa)
(Registration number 1968/004880/06)
Share code: GFI ISIN: ZAE000018123
("Gold Fields")
The board of directors of Gold Fields is pleased to announce that J.P. Morgan
Securities Ltd. ("JPMorgan") has exercised the manager"s option to purchase a
further 2,250,000 new ordinary shares in Gold Fields ("Gold Fields" shares) at
US$13.00 per share following the completion of the Placing announced on 5
November 2003.
The exercise of the option increased the size of the Placing, details of which
were announced on 5 November 2003, by 2,250,000 Gold Fields shares to 17,250,000
Gold Fields shares, representing 3.64% of the issued share capital of Gold
Fields. The Placing has raised gross proceeds of US$224 million for Gold Fields.
The Gold Fields shares are to be listed on the JSE Securities Exchange South
Africa and on the New York Stock Exchange. Application will be made for the
listing of the Gold Fields shares on the Official List of the United Kingdom
Listing Authority and for admission to trading on the London Stock Exchange.
Application is also expected to be made for a listing of the Gold Fields shares
on the Premier Marche of the Euronext Paris and on the SWX Swiss Exchange.
JPMorgan is the lead manager of the Placing. B.M.O. Nesbitt Burns, Citigroup
Global Markets Limited, HSBC Bank plc are Co-Managers on the Placing.
For further information on the Placing, please contact:
Nick Holland Gold Fields Limited +27 11 644
Nerina Bodasing Gold Fields Limited 2502
+27 11 644
2630
Ian Hannam JPMorgan +44 (0)207 325
1168
This announcement has been issued by Gold Fields and is the sole responsibility
of Gold Fields. This announcement is for information purposes only and does not
constitute an offer or an invitation to acquire or dispose of any securities in
the United Kingdom, the United States, South Africa or any other jurisdiction,
or investment advice. This announcement does not constitute an offer to sell or
the solicitation of an offer to buy or acquire shares in Gold Fields in the
United States, Canada, Australia or Japan or in any other jurisdiction in which
such an offer or solicitation is unlawful. The Placing Shares have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration
or an exemption from registration. There will be no public offering of
securities in the United States.
Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly, in or into the United States, Canada,
Australia or Japan. Any failure to comply with this restriction may constitute a
violation of United States, Canadian, Australian or Japanese securities laws.
The distribution of this announcement and the offering or sale of the Placing
Shares in certain jurisdictions may be restricted by law. No action has been
taken by Gold Fields or JPMorgan, or any of their respective affiliates, that
would permit an offer of the Placing Shares or possession or distribution of
this announcement or any other offering or publicity material relating to such
Placing Shares in any jurisdiction where action for that purpose is required.
Persons into whose possession this announcement comes are required by Gold
Fields and JPMorgan to inform themselves about and to observe any such
restrictions. JPMorgan is acting for Gold Fields in connection with Placing and
no one else and will not be responsible to anyone other than Gold Fields for
providing the protections offered to clients of JPMorgan nor for providing
advice in relation to the Placing.
Date: 28/11/2003 10:05:16 AM Produced by the JSE SENS Department
