| Mon 30 Oct 2006, 9:11 | | Gold Fields |
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GFI
GOGOF
Gold Fields, one of the world"s largest gold producers, lists on the Dubai
International Financial Exchange today
Gold Fields Limited
Incorporated in the Republic of South Africa
Registration number 1968/004880/06
Share code: GFI
Issuer code: GOGOF
ISIN - ZAE000018123
MEDIA RELEASE
Gold Fields, one of the world"s largest gold producers, lists on the Dubai
International Financial Exchange today
Johannesburg, Dubai October 30, 2006. Gold Fields Limited (Gold Fields)
(NYSE: GFI; JSE: GFI), one of the world"s largest gold producers, today
listed on the Dubai International Financial Exchange (DIFX). Gold Fields is
the first African, South African and gold mining company to list on this
exchange.
Ian Cockerill, Chief Executive Officer of Gold Fields, commented:
"I am delighted that Gold Fields is again leading South African companies
into a new terrain that we believe will yield many positive returns in the
future. Gold Fields is confident that its listing on the DIFX will create
many more opportunities for both institutions as mutually beneficial
relationships develop. The DIFX is the gateway to a significant pool of
liquidity in the Gulf, Middle East and Central Asian region."
The South African Minister of Minerals and Energy, Buyelwa Sonjica
expressed her approval by saying:
"Gold Fields is one of South Africa"s leading companies and also one of our
proudest exports. The listing in Dubai supports our government"s
initiatives to build solid cross-border interactions and encourage capital
inflows into our beautiful country. I therefore wish Gold Fields well in
this venture and believe that it will add value to the economy of Dubai "
Per E. Larsson, Chief Executive Officer of the DIFX, remarked:
"The listing of Gold Fields demonstrates the attraction of the DIFX to
major international companies. As the only international exchange between
Western Europe and East Asia, the DIFX provides a natural link for
investors in the region to access Gold Fields shares. The DIFX region has
long been known for its fascination with gold, with Dubai alone importing
one eighth of the world"s total supply in 2005."
Nasser Al Shaali, Chief Operating Officer of the DIFX, said: "Gold Fields
joins firms with roots in Kuwait, Saudi Arabia, the UAE, India, Germany,
Switzerland and elsewhere that have listed securities on the exchange. We
are preparing for further significant listings."
The Managing Director of the World Gold Council, Moaz Barakat, also
sanctioned the listing by remarking:
"Dubai, is the City of Gold, with more than 520 tons imported in 2005, it
has highest gold consumption per capita in the world and it is a hub for
the gold and jewellery trade in the Middle East and Indian subcontinent. I
am very pleased with this listing on the DIFX as it allows the individual
and institutional investors in this capital-rich region the opportunity to
diversify their portfolios in gold-based financial instruments."
At the close of business on Thursday, 26 October 2006 Gold Fields" primary
listing on the JSE had a market capitalisation of US$9 billion (based on
the JSE closing price of US$17.51 per ordinary share. Gold Fields is also
listed on the NYSE, LSE, Euronext and Swiss Exchanges, making DIFX its
fifth secondary listing.
Since its formation in 1998, Gold Fields has grown into one of the world"s
largest unhedged gold producers with annual production of approximately 4.1
million ounces, proven and probable reserves of about 65 million ounces and
resources of almost 179 million ounces (see www.goldfields.co.za). Gold
Fields operations span across four continents with producing mines in South
Africa, Ghana, Venezuela, Peru and Australia; and developing projects in
Burkina Faso and Finland. Globally, the company employs almost 50 000
people.
ends
Date: 30/10/2006 09:11:06 AM Produced by the JSE SENS Department
