Directors: A J Wright (Chairman), N J Holland
†
(Chief Executive Officer), K Ansah
#
, T P Goodlace (Chief Operating Officer), J G Hopwood, G Marcus, D
N Murray, D M J Ncube, R L Pennant-Rea
†
, C I von Christierson, G M Wilson
†
British,
#
Ghanaian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fax +27 11 484-0639
www.goldfields.co.za
Enquires
Daniel Thöle
Tel
+27 11 644-2638
Mobile
+27 82 929-3672
MEDIA RELEASE
GOLD FIELDS RECEIVES SUMMONS FROM
RANDGOLD AND EXPLORATION
Johannesburg, August 22, 2008: Gold Fields Operations
Limited, (formerly known as Western Areas Limited) (“WAL”) a
subsidiary of “Gold Fields” (NYSE, JSE, DIFX: GFI) announced
today that on 21 August 2008 it had received a summons from
Randgold and Exploration Company Limited (“Randgold”) and
African Strategic Investment (Holdings) Limited. The summons
claims that during the period that WAL was under the control of
Brett Kebble, Roger Kebble and others, WAL was allegedly part
of a scam whereby JCI Limited unlawfully disposed of shares
owned by Randgold in Randgold Resources Limited
(“Resources”) and Afrikander Lease Limited, now Uranium
One.
WAL’s preliminary assessment is that it has strong defences to
these claims and accordingly, WAL’s attorneys have been
instructed to vigorously defend the claims.
The claims ha ve been computed in various ways. The highest
claims have been computed on the basis of the highest prices of
Resources and Uranium One between the dates of the alleged
thefts and March 2008 (approximately R11 billion). The
alternative claims have been computed on the basis of the actual
amounts allegedly received by WAL to fund its operations
(approximately R519 million.)
It should be noted that the claims lie only against WAL, whose
only interest is a 50% stake in the South Deep Mine. This alleged
liability is historic and relates to a period of time prior to Gold
Fields purchasing the company.
-ends-