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RNS Number:5728C
Gold Fields Limited
15 December 1999


Gold Fields Limited and St Helena Gold Mines Limited

COURT APPROVES
GOLD FIELDS ACQUISITION OF ST HELENA


Johannesburg, 15 December, 1999 - Gold Fields Limited (JSE - GFI, LSE -
GFLxq.L and Nasdaq - GOLD) and St Helena Gold Mines Limited (JSE - STH and
Nasdaq -  SGOLY) are pleased to announce that the High Court of South Africa
today sanctioned the Scheme of Arrangement through which Gold Fields is to
offer St Helena shareholders one Gold Fields share for each St Helena share
held.

This follows the approval of the proposed transaction by 97.9% of shareholders
present and voting at a special meeting of shareholders held on 6 December,
1999. 

The transaction will result in Gold Fields acquiring the 45.8 per cent of the
issued share capital of St Helena that Gold Fields did not already own,
through the issuance of 4,407,849 new shares in Gold Fields Limited,
representing an increase of one per cent in the number of shares outstanding
to 452,797,065. St Helena will be delisted from the Johannesburg and Nasdaq
Stock Exchanges at the close of business on Friday, 17 December, 1999.

The proposed transaction ratio constitutes a premium of 62 per cent on the
average market price of St Helena over the thirty days preceding the initial
cautionary announcement published on 27 October 1999.

Chris Thompson, Chairman and Chief Executive Officer of Gold Fields said;

"Following the lifting of ring-fencing in the Southern Free State on 26 August
1999 by the South African Revenue Services, this transaction is a logical and
beneficial next step for the shareholders of both St Helena and Gold Fields.
It positions Gold Fields to pursue the consolidation of its assets in the Free
State to the benefit of both sets of shareholders."

Gold Fields Limited is one of the world's largest gold producers with more
than four million ounces of gold production per annum, 145 million ounces of
mineral resources, and almost 73 million ounces of mineral reserves. In
addition to being listed on the Johannesburg (GFI), London, Paris and Swiss
Stock Exchanges, Gold Fields trades on Nasdaq (GOLD) through an American
Depository Receipt programme and on the Brussels Stock Exchange through an
International Depositary Receipt programme. 

Gold Fields Limited
Reg. No 97/19961/06

24 St Andrews Road
Parktown, 2193

Postnet Suite 252
Private Bag x 30500
Houghton, 2041
Telephone
(27) (11) 644-2400
Fax
(27) (11) 484-0639
 
Website:www.goldfields.co.za

Enquiries

South Africa
Willie Jacobsz
Tel:(+27 11) 644-2460
Fax (+27 11) 484-0639
E-mail
Investors@goldfields.co.za

North America
Cheryl A. Martin
Tel:303-796-8683
Fax:303-796-8293
E-mail:  camartin@gfexpl.com

UK and Europe
Keith Irons
Bankside Consultants
Tel: 0171 220 7477
Fax: 0171 220 7211
E-mail:keith@bankside.com 



END

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