BLACK STARS HOLD FOOTBALL CLINIC GOLD FIELDS FOR EMPLOYEES OF GOLD FIELDS

Employees of Gold Fields Ghana, Headline Sponsors of the national West Africa soccer team The Black Stars, had the rare opportunity to interact with some players of the senior national team, at the company's REGIONAL NEWS mine site. 2ND EDITION APRIL, 2012 Led by , the captain of the Black Stars, the players which included, Dede Ayew, GOLD FIELDS GHANA DAMANG MINE COMMISSIONS , Yusif Abubakar and the goal-keepers trainer, COMMUNITY CLINIC AND NURSES' QUARTERS. Eddy Ansah, participated in a The Gold Fields Ghana Foundation in football clinic conducted for 100 collaboration with the Ghana Health school children drawn from two Service has constructed a community clinic Gold Fields' funded schools in Tarkwa and Damang. and nurses quarters for the Damang Community to help improve access to The players demonstrated to the health services to the people of Damang school children and employees of Mr. Alfred Baku, Vice President, Operations of Gold Fields Ghana (3rd left) chairs the press and its neighboring communities. Gold Fields, the dribbling skills, conference after the football clinic at Tarkwa accurate ball control, shooting, In a ceremony to officially Commission the heading and the act of goal- clinic on Wednesday, 1st February, 2012, keeping, which have made them Mr. Alfred Baku, Vice-President, Operations icons in the world of football. of Gold Fields Ghana said, the project received consideration following GOLD FIELDS SPONSORED Opening the football clinic, Mr. discussions with the Prestea Huni Valley DAMANG COMMUNITY CLINIC Alfred Baku, Vice President- District Health Directorate. It has also been Operations of Gold Fields Ghana, recommended by the Health Director to thanked the GFA for making it possible for the players, who upgrade the facility into a Health Centre by environment here despite their busy schedules, adding a Maternity Block and an additional single unit i n G h a n a h a s were able to participate in the quarters. This will however be implemented this year. become even more clinic. He said a total of GH¢286,234.41 (US$190,822.94) was challenging than Mr. Peet Van Schalkwyk (middle), Nana Amoakwa III invested in these projects via the Gold Fields Ghana previously. The (2nd Right); Hon. Adu-Blay Koffie; (extreme right); Mr. “As headline sponsor the Black Alfred Baku (2nd left) and Christo Viljoen, General Sustainable Community Empowerment and Economic government's 2012 Manager of Abosso Gold Fields Ltd, cut the tape to Stars, the gesture makes Gold commission the Clinic. Fields Ghana justifiably proud Development Programme, (SEED) budget proposal has raised many and satisfied that over the past 6 The Western Regional Minister, represented by Mr. Kwaku Skipper of the Black Stars, John Mensah signing an autograph on footballs for the children concerns for the years they have fully supported Osei Poku, Dep. Chief Director said, “I am extremely happy mining industry, the senior national team. to say that to date, Gold Fields Ghana Foundation has and particularly for invested an amount of GH¢4.2 Million (US$2.8 Million) on Since 2005, Gold Fields has Gold Fields Ghana. injected over $13million to the community development by the Damang Mines since the We will all need to team as a sponsorship package establishment of the Gold Fields Ghana Foundation in be mindful of the and employees of the company 2005. are proud that their contribution implications of this to the Black Stars has enabled the Commissioning the Clinic, the Executive Vice President, for our operations Damang School children showing appreciation to West Africa Region, Mr. Peet Van Schalkwyk said, “I am Gold Fields Ghana for the Community Clinic team to participate in two going forward. (behind) during the official commissioning s u c c e s s i v e W o r l d C u p particularly delighted to have commissioned in tournaments”, Mr. Baku said. collaboration with the Ghana Health Service a community Government has proposed a windfall profit tax of 10% for clinic and nurse's quarters for the Damang community. The football clinic was supervised mining companies, corporate tax is to increase from 25% to This will greatly enhance the quality and access to health 35% capital allowance has been reduced to only 20% in a year by Kwesi Appiah, assistant Black care services for the people of Damang and its Stars coach and Bashiru Hayford, when we plan to commence the Greater Damang Project and neighbouring communities. C o a c h o f Ta r k w a - b a s e d the Tarkwa Expansion Project Phase 6. Further guidelines on Medeama FC. Much of this has been made possible partly due to the transfer pricing are to be introduced. Distinguished Ladies and autographs football to the children during the football clinic at Tarkwa encouraging gold price. Despite this, the fiscal Gentlemen, clearly if these measures are instituted, it will Continued on pg 7 8 1 Prepared by the Corporate Affairs Team - Pamela Djamson Tettey MINISTER OF LANDS AND met the Omanhene of Tarkwa, Osagyefo NATURAL RESOURCES Nana Kwamina Enimil MINISTER OF ENVIRONMENT, SCIENCE AND VI to discuss issues VISITS TARKWA MINES r e l a t i n g t o c o m m u n i t y TECHNOLOGY VISITS ABOSSO GOLDFIELDS LTD. development. The Omanhene thanked The Minister of Lands & Natural the management of Resources, Hon. Mike Hammah paid a Tarkwa mine for The Minister of Environment, Science and Technology, th working visit to the Tarkwa Mine on 12 sustaining the very Hon Sherry Ayittey, has paid a working visit to Abosso March, 2012. cordial relationship Goldfields Ltd., at Damang in the . The The purpose of the Minister's visit was b e t w e e n t h e visit was to give the Minister a good understanding of the to familiarize with the operations of the community and Gold mine and also interact with the Damang operations. Fields Ghana. He was Hon. Mike Hammah addressing employees at the Tarkwa mine Management and community leaders. particularly thankful site during his visit. for the variety of development projects Accompanied by the Board Chairman and Directors of Alfred Baku, the Vice-President, stakeholders. Operations of Gold Fields Ghana that were all impacting positively on EPA, The Hon. Minister and her team were first taken to w e l c o m e d t h e m i n i s t e r a n d the community; Nana even chipped in including the Municipal Chief Executive the East Tailings Storage Facility of the mine, which is presentation to the minister on the a word for Gold Fields Ghana on the and Municipal Directors that the where the residue from the gold processing plant is implications of the New Tax Regime biting effects of the New Tax Regime on current mining legislation and proposed projects. stored. She then visited an 18ha oil palm plantation after which the Tarkwa team also regulations are being reviewed by the p r e s e n t e d t h e i r c o m m u n i t y At the Municipal Assembly, the government. The Minister stated that located on a reclaimed Tailings Storage Facility (TSF). The development projects and programmes minister commended Gold Fields the new legislation will ensure that plantation is being managed by a Women's Group from to the Minister. Ghana for its social development work communities play a more interactive Kyekyewere, one of the stakeholder communities of the Following the mine visit, the Minister in the community. He informed role in their development strategies. mine. Hon. Shirley Ayittey commended Abosso Goldfields Ltd Gold Fields Ghana Damang Mine Commissions classroom Block with staff common for the good environmental practice and called on other room, office and store for Damang R/C Community Clinic and Nurses' Quarters. School, Bompieso community clinic mining companies to emulate their shining example. The Continued from pg 1 Mr. Van Schalkw yk took the (Phase 1), borehole fitted with hand Environment, Science and Technology Minister advised impact on the level of spend we have at opportunity to congratulate the senior pump for Koduakrom, renovation of a 5 the Kyekyewere women group to manage the 18ha oil our disposal, and also impact on the national soccer team the Black Stars of unit classroom and two offices for palm plantation donated to them by Abosso Goldfields creation of new jobs in our Ghana for their sterling performance at Abosso Bosomtwe School. Ltd carefully to sustain their livelihood. She pleaded with communities”, the EVP of Gold Fields the on-going AFCON tournament at The upgrading of the Nyamebekyere the management to purchase a vehicle and oil palm added. Franceville, Gabon. He charged the Feeder Road Link road from Damang processing machine to the women’s group to enable them Leadership for team to continue to remain focused, New Site to Damang Clinic. Other add value to the raw material. win gold and make Ghana proud. Gold projects are; electricity extension to Conservation in Africa Fields has been the Headline sponsor The Environmental Manager of the Mine, Mr. Francis Damang New Site and Amoanda (LCA) Holds Congress of the Black Stars for the past seven Nyame, said that as a leader in sustainable gold mining, teacher's quarters, borehole and years. the company will do all it can to ensure that measures are in Ghana overhead tanks for Damang Clinic, put in place to curb any environmental effects of its Continued from pg 5 The Western Regional Director of rehabilitation of Huni-Valley Anglican teachers quarters, six-seater w/c toilet activities. Health, Dr Linda Vanotoo, commended to conserve our forest and natural Gold Fields Ghana for its consistent facility for the R/C & D/C schools. The Minister then paid a courtesy visit to the Chief of resources. support for community development. Additionally, the renovation of a 6 unit Damang, Nana Amoakwa III and his elders at the chief's The LCA is involved in Burkina Faso, She said, “This facility will greatly classroom block in Koduakrom, palace. Botswana, Cameroon, Cote d'Ivoire, enhance the quality of health care sustainable livelihood projects in all Ethiopia, Ghana, Liberia, Malawi, delivery within the catchment area of communities, youth apprenticeship Abosso Goldfields Ltd., achieved a Blue rating at the 2011 Madagascar, Mozambique, Namibia, Gold Fields Ghana's operations.” training, scholarships and bursaries for Akoben Audit which is an assessment of the Republic of Congo, The Gambia, The Chief of Damang, Nana Amoakwa S H S , vo cat i o n a l a n d te r t i a r y environmental compliance of companies instituted by the Tanzania and Uganda. III, who was the chairman of the beneficiaries and support for teachers Environmental Protection Agency. Currently, the Damang Speeches were given by Chris Marais, occasion, thanked Gold Fields Damang at the Nana Amoakwa Model School. Mine is one of the safest mines in Ghana. Chief Executive of LCA International, Mine for their continuous support in Other speakers for the colourful Mr. Samuel Afari Dartey, CEO of providing sustainable projects in the ceremony include: The MP for the area, Forestry Commission of Ghana and community. Hon Francis Adu-Blay Koffie, Mrs. Sylvia other congress members. Other projects implemented last year Wadie, who delivered a speech for the Hon. Shirley Ayittey interacting with the Kyekyewere The Congress team visited the Shai Hills under The Gold Fields Ghana District Chief Executive for Prestea Huni women group at the oil palm plantation site. to see the progress of work there on the Foundation include: a small town water Valley District and Ghana Chamber of 2nd day of congress. supply system at Kyekyewere, a six Mines representative. 2 7 Gold Fields Ghana Receives Another LEADERSHIP FOR CONSERVATION IN AFRICA CSR Award in Takoradi (LCA) HOLDS CONGRESS IN GHANA

Omanhene of Esikado Traditional area, Nana Kwabena Nketsia V (left) giving the award to Mr. Alfred Baku, Vice President, Operations Gold Fields Ghana

From right: Hon. Henry Ford Kamel, Mr. Alfred Following the recent GIPC Ghana Club Baku, and other dignitaries at the opening humor filled, but emotionally charged the measurement of the impact that ceremony 100 Awards at which Gold Fields Ghana speech, the traditional leader who is community projects undertaken by swept numerous awards, the Tarkwa also a lecturer at the University of Cape companies in the Western region have Leadership for Conservation in Africa mine has received further recognition Coast condemned the practice of some had in improving the quality of life in (LCA) is an African based initiative, for its corporate social responsibility multinationals who transfer all their their communities. aiming to project and develop 20 programmes in its stakeholder profits outside the country and do very million hectares of conservation of land Gold Fields Ghana received the highest communities. For the second time The little to develop the communities that in Africa by 2020. The plan builds on the award of the year for its Sustainable Sekondi-Takoradi Chamber of host them. He referred to such practice LCA mandate to restore and develop Community Empowerment and Commerce and Industry has recognized as irresponsible and called on all to Economic Development Programme land under conservation to the benefit the company at its 2011 Corporate assist the state in bringing socio – (SEED), which is a five year Community of the environment, local communities Social Responsibility Awards night. economic advancement to the people Development Plan for its stakeholder and the host government's in mitigation of Ghana and in particular the western The event which was held at the communities. The company was of climate change. The LCA Council also region. Akroma Plaza Hotel in the oil city of commended for coming out with a looks at funding options for Takoradi was under the theme: Pr esen t a t the function to r eceiv e the compr ehensiv e dev elopmen t plan f or conserv a tion pr ojects in Afric a. Chairman (Left) and T rus tees of the LCA Ghana Foundation “Creativity in CSR to Accelerate Award on behalf of Gold Fields Ghana its stakeholder communities and for Points Forest Reserve and Mole involvement and support in helping At the Novotel hotel on Friday, E c o n o m i c D e v e l o p m e n t ”. I n were, Mr. Alfred Baku – Vice President, accurately documenting the impact of National Park, through Public Private greening the environment and December 09, 2011, LCA held its West attendance were captains of industry Operations; Mr. William Empeh – the plan on these communities. Partnerships. conservation of the Shai Hills and other from the corporate world and Acting Human Resources Manager; Mr. African Congress to announce the areas. He assured the partners of The Vice President Operations of Gold specifically the oil and mining industry, Yaw Britwum Opoku – Public Affairs involvement of the LCA in Ghana and The three-day congress was officially Government's support to make their Fields Ghana, Mr. Alfred Baku, in his traditional leaders, academicians and Superintendent; Mr. Samuel Mireku – the West African region. The LCA was opened by the Deputy Minister for project a success. acceptance speech informed the movers and shakers in the western Unit Manager, Management Accounts; founded in Ghana in collaboration with Lands and Natural Resources, Hon. gathering that Gold Fields Ghana would Mr. Alfred Baku, Vice President of Gold region. a n d M r . A b d e l – R a z a k Y a k u b u , Henry F or d K amel and Mr . Al fr ed Bak u, be increasing its contribution to the the Forestry Commission and Gold Fields, Operations who stood in for Mr. Community Affairs Officer all of the Vice President, Operations of Gold In his keynote address, the Chairman of Gold Fields Ghana Foundation in order Fields Ghana Ltd, also supported by Peet Van Schalkwyk, Executive Vice Tarkwa mine. Fields Ghana. the event, the Omanhene of Esikado to carry out more projects in its Veolia Water Solutions. Together, these President of Gold Fields West Africa Traditional area, Nana Kwabena Mr. Ato Van-Ess, President of the stakeholder communities. “The Award groups have taken hands to form a In his opening address, the Deputy Region, said, Gold Fields is passionate Nketsia V, challenged industry leaders Sekondi-Takoradi Chamber of is not going to make us relax, but Ghanaian non-profit organization, with Minister of Lands and Natural about conservation of forest and for to assist in the development of the Commerce and Industry, emphasized instead, it will encourage us to do more the aim of finding ways to enable Resources commended Gold Fields that matter the company's involvement of the Shai Hills project and other communities they operate in. In his that the criteria for assessment was in for the development of the Western tourism-related investments for Shai Ghana, Veolia Water Solutions and the Forestry Commission for their project is a matter of corporate decision Region” he added. Hills Resource Reserve, Cape Three Continued on pg 7 4 5 GOLD FIELDS GHANA EVP'S QUARTERLY MESSAGE TO EMPLOYEES

Dear Colleagues, reviews to drive and manage DONATES BUS TO The end of the first quarter of the year is improvement, Results Action Reviews here already! Once again, this gives us all (RAR), weekly BI manager “ meet and the opportunity to review our greet sessions”, and the promotion of BI MEDEAMA SC performance and to recommit ourselves skills transfer. to our values and objectives. Quite often it is through business On the safety front, since the last Lost challenges that we see immense growth Time Injury (LTI) which occurred on July and maturity in our teams. During the Gold Fields Ghana has presented a 53- seat Mercedes Benz th quarter under review, Damang Mine Bus to Medeama SC, a club based in 18 2011, Tarkwa mine has worked 239 days LTI free. This achievement was due experienced serious challenges at the Tarkwa. to the commitment shown by both processing plant. I would wish to personally commend the team for At an estimated investment cost of US$183,380 the bus employees and contractors towards our Health and Safety Program and the r e s p o n d i n g w e l l u n d e r t h e was presented to the President of Medeama SC by Mr. ongoing H & S initiatives championed by circumstances. I would additionally wish Alfred Baku, Vice President, Operations of Gold Fields Mr. Alfred Baku, delivering a short speech at the ceremony to extend my appreciation to Tim to hand over the bus (behind). With him include: Mrs. the Health & Safety team. The challenge Ghana at a brief ceremony which heralded the teams now is to achieve 100 injury free man- Rowland and his technical team for their Pamela Djamson-Tettey (left), Corporate Affairs Manager consistent support during this difficult premier mid-week league match with Hearts of Oak nd days. This will only happen if we work as on Wednesday, 21st March 2012 at Tarkwa sports stadium. of Gold Fields Ghana and Mubashir T-Dari (2 right), Mr. Peet van Schalkwyk, EVP time. Community Affairs Manager of Tarkwa mines. a team and look out for each other. Please take 2 for safety. Gold Fields West Africa Region In February Africa was once again on Medeama SC was one of the local first division soccer clubs At Damang, it is with regret that the good show with the Africa Cup of Nations that received seasonal sponsorship support from Gold safety run for 394 LTI free days came to Damang community. This will promote Football Tournament, held at Gabon and Fields Ghana. For the past seven years, Gold Fields Ghana an end after a LTI occurred on Friday, 16 improved access to healthcare in Equatorial Guinea. Our Black Stars has also been the Headline Sponsor of the senior national March 2012. Gilbert Sam of Drill Masters D a m a n g a n d i t s n e i g h b o r i n g participated and although we all felt that soccer team, the Black Stars of Ghana. Africa (DMA) had his left hand middle communities. A total of GHc286,234,41 the trophy would be homebound, it was finger badly broken when it was caught (US$190,822.94) was invested in these not the case. Presenting the keys of the bus to Medeama SC, Mr. Alfred between two drill rods when they were two projects. Management has taken the decision that Baku said, ''Gold Fields Ghana is delighted that the removing the rods. We have also been very busy on the the time has come for other institutions company's support has enabled Medeama SC to become a A source of great pride for me was the government relations agenda. Gold and companies in Ghana to be given the premier league club in the nation. Medeama's status as a commissioning of the secondary crusher Fields Ghana played host to two opportunity to also support the national premier league club will not only afford the people of at Tarkwa to boost production. I wish to government ministers during the soccer team. Consequently, Gold Fields Tarkwa and the surrounding communities the opportunity personally commend the entire team for quarter. Hon Sherry Aryeetey, Minister Ghana will not be renewing the to experience high standards of football, but also generate their solid performance: MDM for Environment Science and Technology sponsorship agreement with the Ghana income for the local municipality and smaller enterprises in Engineering Group Limited South Africa, spent two days at the Damang Mine. She Football Association as Headline the area”, Mr. Baku added, '' with Medeama SC's Tarkwa Projects, Tarkwa and Gold Fields toured the operations, and then visited Sponsor of the Black Stars. We take this promotion to the premier league, Gold Fields Ghana has S h a r e d S e r v i c e s a n d Ta r k w a the oil palm plantation and interacted opportunity to wish the Black Stars every Metallurgical Department in the final with the women's group, followed by a success in the years ahead, and we are signed a three year renewable sponsorship agreement visit to the Omanhene's palace. The visit proud of the contribution that we have with the club. The sponsorship also includes providing construction and commissioning of the Secondary Crushing Plant. The project was crowned with a celebratory dinner made towards this success. technical and human resource support to the team”, Mr. Nana Esi Kwantsima, Apinto Obaahemaa jointly cuts the tape at which she congratulated Gold Fields Baku concluded. with Mr, Alfred Baku(right) to officially hand over the bus to was completed on schedule, within As I have said previously, our people are budget but more so, without a single lost Ghana for the sterling management the core of our business, and we will Medeama SC. practices at Damang. She charged other The new 53 - seat Mercedes Benz bus will substantially time injury LTI. Current statistics on the continue to enhance aspects of our project from kick off date May 1st 2011, mining companies in Ghana to emulate corporate culture and values. In Living reduce the high transportation costs previously incurred by Gold Fields fine example. Just last month the Values across both operations action the club, and allow players to travel in has recorded 261,785 LTI free shifts). This is certainly a remarkable effort by all Tarkwa also hosted a key government plans to address issues raised in the 2011 comfort to 'away' matches. involved in the above project and minister. Our sector minister, Hon. Mike Benchmark Engagement Quotient have complemented by no MTI's or LTI's Hammah paid a day's working visit to the been completed and the issues are being The Board Secretary of Medeama SC, recorded at any of the Tarkwa and Tarkwa mine. Once again, as has become addressed. The 2012 BEQ is to take place Mr. Emmanuel Amoah commended Damang sustainable project sites for the the practice, he congratulated the in the first week of April 2012. Gold Fields Ghana for the gesture and whole of 2011 and quarter to date, an Ta r k wa m i n e fo r t h e i r s o u n d management and operations. Management is currently reviewing the asked for additional investment to example we need to sustain with all Memorandum of Understanding relating develop the stands for spectators. He future project work in the region. Both ministers were given detailed to rental advance and will communicate said, the bus will ease their At Tarkwa, ore reserves increased from updates on how the new fiscal regime the outcomes in due course. transportation problems. December 2010 at 9.249Moz to will impact very harshly on our operations. We also congratulate our team on a 10.345Moz in December 2011.At 100% SOX compliance achievement and It will be recalled that Gold Fields Damang, mineral reserves Admittedly we have experienced some Ghana has recently renovated the clean external audit for last year. as at December 2011 were 61.7 Mt at challenges too during this quarter. Given Tarkwa Sports Complex into a first the fact that the new fiscal regime is now In concluding, I would wish to thank you 1.7g/t for 3.4Moz. This equates to a 63% all for the hard work that you have all class Premier League stadium. increase in ounces year on year. taking effect, we will need to intensify the BPR agenda. demonstrated in delivering our numbers On the Sustainability front we can also be for the quarter. We will continue to very proud of our achievements during Tarkwa mine has set a target of ensure that our business will continue to US$45.5M in savings from BPR for C2012 Mr, Alfred Baku, Vice President, the quarter under review. As part of thrive, and that we will continue to add projects implemented in 2011 under the and the “banked benefit” for January ( value for the benefit of all stakeholders. Operations of Gold Fields Ghana (left) US$5.5M) is the second highest run rate handing over the bus keys to the Gold Fields Foundation sponsored SEED I wish you all a Happy and Peaceful P r o g r a m , t h e F o u n d a t i o n i n since October 2012. Going forward, Board Secretary of Medeama SC, Mr. Tarkwa will be focusing on various Easter. Emmanuel Amoah. collaboration with the Ghana Health Yours in Safety, Service has constructed a community detailed objectives such as : intensifying clinic and nurses quarters for the the weekly departmental pipeline Peet van Schalkwyk. 6 3