Directors C A Carolus (Chair), N J Holland
†
** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), A Andani
#
, K Ansah
#
, P J
Bacchus
†
, T P Goodlace, A R Hill
≠
, R P Menell, D M J Ncube, S P Reid^, Y G H Suleman, G M Wilson
^Australian,
†
British,
≠
Canadian,
#
Ghanaian, ** Executive Director
Company Secretary: MML Mokoka
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
+27 11 562 9775
Mobile +27 82 312 8692
email
Avishkar.Nagaser@
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile +27 81 354 0236
email
Thomas.Mengel@
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email
Sven.Lunsche@
goldfields.com
M E D I A R E L E A S E
Gold Fields comments on news reports regarding
acquisition proposals made to Kirkland Lake
Johannesburg, 14 November 2016: Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) notes recent press reports regarding
proposals made jointly by it and Silver Standard Resources Inc. (Silver
Standard) (TSX: SRO, Nasdaq: SSRI) to acquire all of the outstanding
shares of Kirkland Lake Gold Inc. (Kirkland Lake) (TSX: KLG), as well
as Kirkland Lake’s 11 November 2016 news release acknowledging these reports.
In accordance with its ongoing disclosure obligations, Gold Fields
confirms that its wholly-owned subsidiary, Gold Fields Netherlands
Services B.V., has made three successive non-binding proposals
jointly with Silver Standard to Kirkland Lake to acquire all of the
outstanding shares of Kirkland Lake pursuant to a negotiated plan of
arrangement for consideration consisting of cash and shares of Silver
Standard or a combination thereof. Its most recent proposal is valued
at C$1.44 billion (US$1.07 billion) in aggregate.
Gold Fields further confirms that the Kirkland Lake board has advised
that it determined that each of these joint proposals was not
reasonably expected to result in a Superior Proposal relative to
Gold Inc. (Newmarket) (TSX: NMI), and that accordingly it would not
be engaging in any discussions with Gold Fields or Silver Standard or
providing them with due diligence access.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email :
Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 81 354 0236
Email:
Thomas.Mengel@goldfields.com