Gold Fields’ Integrated Reporting journey SVEN LUNSCHE VP Corporate Affairs at Gold Fields 17 November 2016

2

Gold Fields – Global presence

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

PERU Cerro Corona

Lima GHANA Tarkwa Damang

Accra

Johannesburg

SOUTH AFRICA South Deep

AUSTRALIA Agnew/Lawlers St Ives Darlot Granny Smith

Perth

Mines Regional offices Corporate office Growth Projects

PHILIPPINES Far Southeast

FINLAND Arctic Platinum

CHILE Salares Norte

•  Established in 1887 •  10,000 employees •  Listed on JSE, NYSE

3

Integrated reporting and mining - 1

1.  High impact industry

2.  In the public limelight and under fire from NGOs

3.  Affecting multiple stakeholders – communities, governments, businesses, shareholders, trade unions, employees

4.  Significant environmental impact

5.  Mining is often “the only game in town”

6.  Managers have to deal with operational issues as well as regulatory and social licence to operate

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Integrated reporting is critical for the mining industry

4

Integrated reporting and mining - 2

1.  Transparency – critical “first line of defence”

2.  Amid heightened public scrutiny – issues will be uncovered

3.  Sustainability and ESG issues are as critical to mining companies as financial and operational matters

4.  Integrated reporting gives ESG issues equal status to operational issues

5.  Integrated reporting reflects the integrated nature of our business

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Transparency and integrated reporting are linked

5

Integrated reporting and sustainability

2003 – First Sustainability Report as part of AR

2008 – Participation in CDP (A-List)

2009 – King III launched

2010 – First Integrated Annual Report (EY Excellence Ranking)

2010 – First GRI submission (A+, Core)

2011 – First WDP disclosure

2011 – IIRC pilot company

2012 – First DJSI submission (Top 5 in mining)

2013 – First UNGC submission

2013 – <IR> Framework launched

2016 – King IV launched

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Key milestones – Integrated reporting and sustainability frameworks

6

Integrated reporting – Key success factors

1.  Support from the CEO

2.  Buy-in from the Audit Committee of the Board

3.  Effective risk reporting

4.  Participation in Sustainable Development frameworks

5.  Regulatory push – King III and JSE Listing Requirements

6.  A non-compliance mindset

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Key supporting elements for launching integrated reporting

7

Integrated reporting – Key challenges

1.  The silo-mindset by the majority of key executives (particularly Finance)

2.  Little buy-in (initially) from operational management

3.  Complete lack of reliable and consistent ESG data collection and evaluation

4.  The need to assure ESG data

5.  Content-development that shows the integrated nature of our business

6.  Outcomes-based reporting (as opposed to outputs)

7.  Reporting overload

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Key challenges in launching integrated reporting

8

Gold Fields IAR - The centre of our reporting

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Integrated Annual Report

Mineral Resource

and Reserve

Supplement

Annual Financial

Report

GRI Supplement

Supporting Web

documents

20 F Notice (NYSE)

AGM Notice

9

Gold Fields IAR – Links to <IR> Framework

1.  Introduction to the business:

•  Vision & Values / Company DNA

•  Operating environment

•  Business strategy

•  Value creation model – trade-offs

•  Performance dashboard

2.  Governance – Audit Committee oversight Reporting boundary and how it was determined

3.  Nature/magnitude of trade-offs that influence value creation

4.  Guided by ‘capitals’ – but not strict adherence

Gold Fields’ Integrated Reporting journey | Sven Lunsche | 17 November 2016

Consistent elements of our IARs

Questions