MEDIA RELEASE
GOLD FIELDS LIMITED - MVELA"S SEXWALE HANDS OVER R4.1 BILLION TO GOLD FIELDS
GOLD FIELDS LIMITED
SHARE CODE : GFI
ISIN CODE : ZAE000018123
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
Date: 17/03/2004 04:38:14 PM Produced by the JSE SENS Department
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