Gold Fields Limited - Creating Gold Fields International - Proxy Form Update.
Gold Fields Limited
(Incorporated in the Republic of South Africa)
Registration number: 1968/004880/06
JSE code: GFI ISIN: ZAE000018123
(`Gold Fields`)
Creating Gold Fields International - Proxy Form Update.
GOLD FIELDS INTERNATIONAL
A GLOBAL GROWTH VEHICLE FIRMLY IN YOUR HANDS
TODAY IS THE LAST DAY TO SUBMIT YOUR PROXY FORM FOR YOUR ORDINARY SHARES
YOUR VOTE COUNTS
VOTE `YES` AND PROTECT YOUR INVESTMENT
On 30th November, we announced modified terms for the transaction under which
Gold Fields` assets and subsidiaries outside of the South African Development
Community will be combined with IAMGold. Under these modified terms, the cash
consideration that Gold Fields will pay into the combined entity will be reduced
by $200 million, making the deal even more attractive for you.
VOTE `YES` FOR GOLD FIELDS INTERNATIONAL
ON THE GOLD PROXY CARD
For assistance please phone:
South Africa: Renate Muckenhuber at + 27 11 370 5484
Europe: Dominic Dennis at +44 (0) 20 7710 9967
North America Broker enquiries: Frank Lentini at 212-750-7946
North America Bank enquiries: Lloyd Lefcourt at 212-750-7419
Let me remind you why we are proposing this transaction and why you stand to
benefit from the creation of Gold Fields International
Our purpose in proposing the creation of Gold Fields International is:
To create a vehicle capable of generating dynamic international growth in which
you, the Gold Fields shareholder, will participate directly through your 70%
controlling stake;
To ensure that you benefit directly from the premium share rating typically
given to North American listed gold companies. We have already seen that premium
rating come through in the share prices of both Gold Fields and IAMGold (which
is now a proxy for Gold Fields International); and
To let you benefit from the potential value creation derived from a company that
is staffed and focused towards aggressive growth, that is domiciled at the
centre of the international deal flow, has ready access to the international
capital markets and the ability to respond rapidly to opportunities as they
arise.
The transaction is well thought through, robust and creates an exciting growth
vehicle:
Gold Fields will fully CONSOLIDATE and CONTROL Gold Fields International,
thereby enabling Gold Fields shareholders to benefit from future growth and
value creation. We will have:
70% ownership of Gold Fields International
7 out of 10 board members
Gold Fields proven management team
Top-up rights to mitigate dilution
Anticipated production of approximately 2 million ounces in 2005 is projected to
increase to approximately 3.5 million gold equivalent ounces in 2007 through our
existing organic growth projects and our exciting, high impact and fully funded
project pipeline.
Proven and probable attributable gold reserves of 19.2 million ounces, measured
and indicated resources (including reserves) of 25.9 million ounces, and
additional inferred resources of 9.1 million ounces.
Strong pipeline of near-term development projects and an extensive portfolio of
attractive advanced-stage exploration projects.
Unhedged production and reserves giving direct and full exposure to the gold
price.
Geographically diversified asset base including operations and projects in
Australia, West Africa, China, Europe and the Americas.
Strong balance sheet with anticipated operating cash flow in financial year 2005
of approximately US$251 million (assuming a gold price of US$400 per ounce).
Experienced management team drawn from Gold Fields Limited and IAMGold with a
well-established international mine development and operating track record.
VOTE FOR VALUE
VOTE FOR GROWTH
VOTE FOR GOLD FIELDS INTERNATIONAL
Thank you
IAN COCKERILL
CHIEF EXECUTIVE
2 December 2004
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