4.7 Billion Rand Investment In South Africa Driefontein 9 Sub-vertical Shaft Depth Extension and Kloof Extension Area Decline Shaft System 7 September 2006

2 Forward Looking Statements Certain statements in this presentation constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa; decreases in the market price of gold; hazards associated with underground and surface gold mining; labour disruptions; changes in laws and government regulations, particularly environmental regulations and mineral rights legislation; changes in exchange rates; currency devaluations; inflation and other macro-economic factors; and the impact of the AIDS crisis in South Africa. These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

Kloof Gold Mine KEA Decline Shaft System Brendan Walker Head of South African Operations 7 September 2006

4 Kloof - KEA Project Introduction KEA Decline Shaft R1,4 billion capital investment Targeting 2 moz gold contained within 4.5 moz resource Mining extended from level Average mining depth 3,827m below datum Converting quality resource ounces

5 Kloof - KEA Project Enhanced gold profile Adding incremental ounces to Kloof’s gold profile Kloof life of mine including KEA - gold produced Gold produced (kg) Kloof Current KEA Years

6 Mined Areas VCR MR Libanon Reef Kloof Reef Mined Areas VCR on upthrown side of West Rand Fault Kloof - KEA Project Locality Targeting VCR down dip of 3 & 4 Shaft VCRMR Libanon Reef Kloof Reef KEA 000’ m Mt5,2 Head grade g/t12.1 Moz2.0

7 KEA4 KEA5 KEA2 KEA3 N metres # KEA1 Kloof - KEA Project Geology models & borehole data Targeting Sandy 1 facies Facies type Sandy 2 Sandy 1 Slope Milky Cobble Apple Green

8 43 level (3.6km) 3 SV # Chairlift Wide Raise Decline RAW 44 level 45 level (4.3km) 46 level 47 level 48 level 4 SV # 43 level (4.1km) 42 level Kloof - KEA Project Decline design First reef intersection due mid C2009

9 Milestone Completion Dates Sink and develop to 44 level reef intersectionEnd F2009 Sink and develop to 45 level reef intersectionMid F2011 Sink and develop to 46 level reef intersectionEnd F2012 Sink and develop to 47 level reef intersectionMid F2014 Sink and develop to 48 level reef intersectionMid F2016 TOTAL CAPITAL REQUIRED (Rm)1,375 Kloof - KEA Project Capital estimate (July 2006) Capital expenditure US$95 per reserve ounce

10 Financials Units Project evaluation gold price ZAR/kg 100,000120,000 NPV (at 6% real discount rate) ZARm Internal rate of return % 1521 Breakeven gold price (at 0% discount rate) ZARm 83,137 Breakeven gold price (at 6% discount rate) ZARm 89,918 Working costs ZAR/ton 864 Project cash cost R/Kg 58,244 Leveraged to upswing in gold price Kloof - KEA Project Financials

11 Ore body - Potential upside in Sandy 1 Facies - Decline extension to 52 level (2 moz additional resource) Design - Earlier project delivery (1yr = 20% NPV improvement) - Synergies with 3 and 4 shafts Costs - Implement new technology - Increase face time – Productivity initiatives Kloof - KEA Project Opportunities Further upside potential

12 Adds 2 moz incremental reserves Enhanced life of mine profile Optimise existing infrastructure Enhanced NPV Technically and financially robust Kloof - KEA Project Conclusion

Driefontein Gold Mine 9 Sub-vertical Shaft Depth Extension Brendan Walker Head of South African Operations 7 September 2006

14 9 Shaft Project Introduction 9 Sub Vertical Shaft Depth Extension R3,3 billion capital investment Targeting 8.8 moz reserve contained within 13.9 moz resource Life of mine extended by 13 years 9SV shaft extended below 43 level Final depth of 4,121m below datum Creating the deepest mine in the world

15 9 Shaft Project Value addition to Driefontein Gold produced (kg) Driefontein Life of mine 9# Shaft U/G production maintained at 30 tons p.a until F2020 Years

16 1T Area 5# Area 1.1km 2.2km 1.5km 9# Area 9 Shaft Project Locality Mining between 3,400 & 4,100 meters below datum at global average grade ~ 2,000 cmg/t Depth Extension 000’ m 2 5,337 Mt33.5 Head grade g/t 8.2 Moz8.8

17 9 Shaft Project Geology: Schematic Diagram of 9 Shaft Ventersdorp Supergroup Lava Peggy’s Dyke 38 Level 9 Sub # 22 Level Carbon Leader Reef Middelvlei Reef Ventersdorp Contact Reef Dykes Master Bedding Plane Fault Existing Shaft Proposed Shaft Existing Development North South 40 Level 43 Level Spotted Dick Dyke 50 Level 55 Level 56 Level 40.4m 57 Level 54 Level 53 Level 52 Level 51 Level Accessing carbon leader below current infrastructure

18 Milestone Completion Dates Preparation for sinkMid F2008 Sink, line and station developmentMid F2012 Shaft equippingMid F2013 First reef intersectionMid F2014 TOTAL CAPITAL REQUIRED (Rm)3,251 9 Shaft Project Capital Estimates (July 2006) Capital expenditure $51per reserve ounce

19 FinancialsUnits Project evaluation gold price ZAR/kg 100,000120,000 NPV (6% real discount rate) ZARm Internal rate of return % 813 Breakeven gold price (at 0% discount rate) ZAR/kg 85,360 Breakeven gold price (at 6% discount rate) ZAR/kg 96,985 Average working costs ZAR/ton 543 Project cash cost R/kg 65,977 9 Shaft Project Financial Valuation Leveraged to upswing in gold price

20 9 Shaft Project Conclusion Brings to account 8.8m ounces of reserve contained within 13.9moz resource Enhances Driefontein NPV Extends the life of mine by 13 years Optimises existing infrastructure Technically and financially sound

4.7 Billion Rand Investment In South Africa Driefontein 9 Sub-vertical Shaft Depth Extension and Kloof Extension Area Decline Shaft System 7 September 2006