FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of March 2008
Commission File Number 1-31318
Gold Fields Limited
(Translation of registrant's name into English)
24 St. Andrews Rd.
Parktown, 2193
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
cover Form 20-F or Form 40-F.
Form 20-F..x... Form 40-F.....
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ________
Indicate by check mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..x...
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
Joint Press Release
Gold Fields Limited
1968/004880/06
Mvelaphanda Resources Limited
1980/001395/06
Mvela Resources and Gold Fields Agrees on 50 million shares should “flip-up” proceed
Johannesburg, 17 March 2008: Gold Fields Limited (Gold Fields) (JSE, NYSE and DFIX: GFI) and Mvelaphanda
Resources Limited (Mvela Resources) (JSE: MVL) are pleased to announce that the parties have agreed that
Mvela Resources will receive 50 million Gold Fields shares if and when Mvela Resources’ future stake of 15% in
GFI Mining South Africa (Proprietary) Limited (GFIMSA) Limited is exchanged at the instance of either Gold
fields or Mvela Resources, for shares in Gold Fields. GFIMSA is the vehicle that owns and houses the South
African assets of Gold Fields.
The exact number of shares, within the range of the floor and cap (45 and 55 million shares respectively),
which Mvela Resources would have received should the exchange have been implemented in terms of current
agreements, was extremely volatile because of the input parameters for a Discounted Cash Flow valuation,
and the complex nature of the formula, and agreeing the number of shares now gives certainty on an
equitable basis to both parties.
Nick Holland, Chief Financial Officer of Gold Fields said: “We agreed on 50 million shares as it is the midway
point between the floor and cap, and we believe represents a fair deal.”
Pine Pienaar of Mvela Resources said: “This arrangement will bring certainty to the shareholders of Mvela
Resources as to the size of our potential future stake in Gold Fields.”
ENDS
Enquiries
Gold Fields
Resources Limited (Mvela Resources) (JSE: MVL) are pleased to announce that the parties have agreed that
Mvela Resources will receive 50 million Gold Fields shares if and when Mvela Resources’ future stake of 15% in
GFI Mining South Africa (Proprietary) Limited (GFIMSA) Limited is exchanged at the instance of either Gold
fields or Mvela Resources, for shares in Gold Fields. GFIMSA is the vehicle that owns and houses the South
African assets of Gold Fields.
The exact number of shares, within the range of the floor and cap (45 and 55 million shares respectively),
which Mvela Resources would have received should the exchange have been implemented in terms of current
agreements, was extremely volatile because of the input parameters for a Discounted Cash Flow valuation,
and the complex nature of the formula, and agreeing the number of shares now gives certainty on an
equitable basis to both parties.
Nick Holland, Chief Financial Officer of Gold Fields said: “We agreed on 50 million shares as it is the midway
point between the floor and cap, and we believe represents a fair deal.”
Pine Pienaar of Mvela Resources said: “This arrangement will bring certainty to the shareholders of Mvela
Resources as to the size of our potential future stake in Gold Fields.”
ENDS
Enquiries
Gold Fields
Investors:
Willie Jacobsz
Mobile Number: +27 82 493 1377
Media:
Reidwaan Wookay Andrew Davidson
Office Number: +27 11 644 2665 +27 11 644 2638
Mobile Number: +27 82 878 4566 +27 82 667 7203
Mvelaphanda Resources
James Wellsted
+27 11 325 5323
+27 83 453 4014
+27 11 325 5323
+27 83 453 4014
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: 17 March 2008
GOLD FIELDS LIMITED
By:
Name: Mr W J Jacobsz
Title: Senior Vice President: Investor
Relations and Corporate Affairs