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Gold Fields ESG overview

NICK HOLLAND

19 October 2020

Forward Looking Statements

Terms Of Use

Certain statements in this document 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 1934.

In particular, the forward looking statements in this document include among others those relating to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields' growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. 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, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other occupational health risks experienced by Gold Fields' employees.

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.

Gold Fields ESG presentation | October 2020

Agenda

Section 1: ESG Integration

• ESG strategic priorities

• External codes and standards

• Corporate Governance

Section 2: Social

• Value Creation
  • Workforce
• Community Relations
• Shared Value
• Human Rights

Section 3: Safety & Health

• Safety
• Health
• Covid-19mitigation

Section 4: Environment

• Energy
• Climate change
• Water
• Tailings management
• Integrated mine closure

Gold Fields' ESG team

Name	Title
Naseem Chohan	EVP: Sustainable Development
Rosh Bardien	EVP: People & Organisational Effectiveness
Taryn Harmse	EVP: Legal & Compliance
Avishkar Nagaser	EVP: Investor Relations & Corporate Affairs
Andrew Parsons	VP: Group Sustainable Development
Allison Burger	VP: Community Relations
Nosimo Macatsha	Group Head of Water Management
Charlene Wrigley	Group Sustainable Development Manager
Johan Boshoff	Group Head of Tailings

Gold Fields ESG overview | August 2020

ESG

Integration

Top five sustainability priorities

Safety & Health	Energy	Integrated Mine	Water	Societal
	& Climate Change	Closure	Stewardship	Acceptance
• Prioritisation of	• Contain energy	• Integrated	• Security of supply	• Build strong
safety	costs	approach to mine	• Water efficiency	relationships with
• Safety leadership	• Energy security	closure planning	our stakeholders
• Water recycling
and management	• Shared Value
and programmes	• Decarbonisaton of
• Concurrent	and conservation
• Focus on	• Social risk and
our mines	• Catchment area
reclamation
occupational	• Renewable energy	impact
• Liability	approach
disease	management
opportunities
• Covid-19	optimisation		• Stakeholder
• Climate change
prevention and			communication
mitigation and

mitigation	adaptation

Integrated Thinking: Integration of ESG into operational management

Gold Fields ESG presentation | October 2020

Top

Human

Resources

priorities

Culture

Culture

HR

Focus

Areas

Culture

Culture

Gold Fields ESG presentation | October 2020

Strategic objectives and 2020 Group Scorecard

ESG objectives contribute to 55% of our Group Scorecard objectives

LAG INDICATORS

LEAD INDICATORS

FINANCIAL

STAKEHOLDER

INTERNAL

BUSINESS

PROCESSES

ORGANISATIONAL CAPACITY

Reduce debt		Increase free cashflow margin		Improve capital returns

Improve reputation with stakeholders

(Analysts and investors, employees, government, communities)

Improve strategic	Improve capital	Improve safety, occupational	Improve
planning process	discipline process	health & wellbeing	organisational culture

Improve efficiencies &	Improve quality of		Improve technology	Improve people	Improve governance &
security of utilities	our portfolio		& innovation	capacity	compliance
(energy & water)

Safety Integrity Respect Responsibility Innovation Delivery

Gold Fields ESG presentation | October 2020

Board of Directors

King IV Code directs our approach to corporate governance

• Gold Fields complies with the King IV Code of Corporate Governance
• One tier board: 2 executive directors, 9 non-executive, of which 3 female
• Independent, non-executivechairperson
• Publicly available board diversity policy
• Current average board tenure is 6.5 years
• Board committees (all have non-executive chairpersons):
• • Audit
  • Capital Projects
  • Investment (ad hoc committee)
  • Nominating and Governance
  • Remuneration
  • Risk
  • Safety, Health and Sustainable Development
  • Social, Ethics and Transformation
• Oversees the Gold Fields Code of Conduct which ensures ethical business practices
• Compliance with JSE, NYSE regulations

Gold Fields ESG presentation | October 2020

Recognition of our achievements

And the global standards and guidelines we implement and report against

Top 30 Responsible Investment Index

1st Report submitted as part of our 2020 GRI Report

FTSE4Good

Index Series

4th among gold miners

Full compliance with King IV Code

Mining and	"Excellence" in
Resources
Integrated
sector award
Reporting
(4th year running)
Awards

GRI Standards:	BBB rating	4th / 61
Core option		mining
		companies

Global standards applied at our operations: International Cyanide Management Code; ISO 14001, 27001, 45001 and 50001; Voluntary Principles on Security and Human Rights.

Gold Fields ESG overview | August 2020

Report to

Stakeholders

Report to Stakeholders 2019/2020

Released our 1st Report to Stakeholders this week

Report to Stakeholders

• Contains our value creation to our key stakeholder groups - at both Group and national level

• Key stakeholders:

• Workforce

• Host communities

• Governments

• Investors and analysts

• Suppliers and contractors

• Data covers primarily 2019, but also, where relevant, H1 2020

• Report also looks at key risks and opportunities in our engagement with these stakeholders

Gold Fields ESG presentation | October 2020

Stakeholder relations and engagement

Improving our reputation with key stakeholders

Grievance

Engagements

Continuous

Themes

• • Wages and benefits
  • • Skills development
    • • Covid-19
• Flexible work schedules

Employees &

Contractors

Investors &

analysts

Engagements

2019 - 481

H1 2020 - 251

Themes

• Operational and financial performance
• • • ESG
  • Covid-19

Delivering

enduring value in partnership with all our stakeholders

Engagements

2019 - 896

H1 2020 - 423

Themes

• Covid-19
• Compliance and approvals:
• • Permits and licenses
  • PPP
  • Energy, water, EIA

Governments

Communities

Engagements

2019 - 464

H1 2020 - 272

Themes

• Covid-19
• Jobs and procurement
• Social investment

management

Each operation has formal mechanisms to receive and address community, employee and contractor concerns

Community grievances related to jobs and procurement, social and environmental issues:

2019 - 77

H1 2020 - 59

Employee grievances related to harassment, incl. sexual harassment:

2019 - 3

H1 2020 - 2

5.8m social media impressions in H1 2020, with high engagement rates (368,000)

Gold Fields ESG presentation | October 2020

Total Value

Creation and

Distribution

In 2019, Gold Fields:

• Created and delivered total economic value to its host communities equivalent to US$782m
• 95% or 8,806 people of our employees are nationals of the countries in which we operate
• 10% or US$254m of our total value distributed goes towards government taxes and royalties
• Capital providers received 6% or US$162m in dividends and interest
• 96% of total procurement remains with in-country suppliers and contractors

2019 - Value Creation and Distribution: US$2,577m

68%	US$1,744m
Paid to suppliers and contractors
15%	US$395m
Paid to employees in salaries and wages
		US$22m
6%		1% Invested in host community development
10%	US$162m
Paid to investors in dividends and interest

US$254m

Paid to governments in taxes and royalty payments

H1 2020 - Value Creation and

Distribution: US$1,292m

US$815m

63% Paid to suppliers and contractors

16% US$203m

Paid to employees in salaries and wages

	US$8m
	1% Invested in host community development
	8% US$110m
12%	Paid to investors in dividends and interest

US$155m

Paid to governments in taxes and royalty payments

Gold Fields ESG presentation | October 2020

Profile of Gold Fields' Workforce

Gold Fields Group workforce (H1 2020): 16,149, of which 5,597 are employees and 10,552 contractors

Women among employees: 20%; Women in Mining: 53%; Women in Management: 20%

Ghana	South Africa	Australia	Peru	Chile
• 10% Women	• 23% Women	• 20% Women	• 12% Women	• 5% Women
• 44% Women in Mining	• 66% Women in Mining	• 52% Women in Mining	• 43% Women in Mining	• 9% Women in Mining
• 7% Women in	• 18% Women in	• 22% Women in	• 16% Women in	• 23% Women in
Leadership	Leadership	Leadership	Leadership	Leadership
• 68% Host community	• 67% Host community	• 18% Host community	• 27% Host community	• 29% Host community
• 97% Nationals	• 84% Nationals	• 98% Nationals	• 100% Nationals	• 93% Nationals
	• 73% HDSA¹
¹Excludes foreign nationals		Gold Fields ESG presentation | October 2020

Focus on value creation in host communities

Procurement

Employment

Social

Investment

Host community procurement creates community jobs and supply opportunities

Host community employment maximises local opportunities

Community investment drives integrated development

• Support areas where community suppliers can participate
• Identify community suppliers with ability to supply the mine
• Provide skills development to close capability gaps
• Build skills base in community workforce through education, bursaries, etc
• Make community the first option for hiring staff
• Encourage contractors/suppliers to employ from the community
• Balanced across services (health, education), enterprise development and infrastructure
• Matched to capacity and development needs of communities
• Shared Value projects benefit both communities and our mines

Gold Fields ESG presentation | October 2020

Source: International Growth Centre, Blavatnik School of Government, ICMM, Gold Fields experience

Gold Fields' Host Community Value Creation 2019

2019 - a third of value creation stayed with host communities

Host Community Value: US$782m

33% of Total Value

22

125

635

SED Investments

Employee wages

Procurement spend

Benefits to host communities in 2019

• US$782m in value creation
• 676 host community suppliers
• 34% or US$635m of our procurement was spent in our host communities
• 55% or 9,280 people of our workforce are employed from our host communities
• 10,950 host community jobs in the mine value chain, comprising:
• • 2,525 employees
  • 6,744 contractors
  • 1,177¹ suppliers
  • 504 non-mining job

¹ Excluding Peru and Australia

Community perceptions

South Africa

Community support rose from 33% in 2015, to 52% in 2017 and 62% in 2019 (for 3 communities measured)

Ghana

Strong community support of 73% at Damang and 78% at Tarkwa in 2015

Peru

Community acceptance improved from 5% in 2012 and 7% in 2014 to 32% in 2016 and 48% in 2019

Gold Fields ESG presentation | October 2020

Headline Shared Value investments

Key Shared Value programmes at our operations benefit stakeholders and the business

Australia	Ghana	Peru	South Africa
Indigenous peoples:	Road network	Water provision	Education
• Reconciliation Action	• 81km of roads rehabilitated	• Drinking water to Cerro	• Bursaries and scholarships
Plan implementation	2014-2020; cost: US$35m,	Corona communities	• School infrastructure
• Native title and heritage	including rebuild of Tarkwa-	• 2,500 households supplied	• Adult Education & Training
management	Damang road (US$27m)	• US$6m to build 2,000	• Wits Mining sponsorship
• Job and procurement	benefiting over 100,000	reservoirs for 5,000 local,	• South Deep Education and
opportunities	community members	small-scale farmers	Community trusts

Gold Fields ESG presentation | October 2020

Health & Safety

Breaches by	Human Resources
suppliers/
contractors

Resettlement

Water

Gold Fields' salient

Human Rights

Issues

Mine Closure	Public and private
security

Transportation

Human Rights

2019 performance highlights

Workforce

• Launched our Diversity and Inclusion Strategy
• Developed a Sexual Harassment Policy

Community

• 39% decline in community grievances
• Grievance management practices assessed against the UN Guiding Principles
• Artisanal Small-Scale Mining strategy adopted in Ghana

Suppliers

• Rollout of Modern Slavery Act in Australia

Security

• Aligned private sector security providers' contracts to the Voluntary Principles on Security and Human Rights
• Carried out a human rights risk assessment at Cerro Corona

Gold Fields ESG presentation | October 2020

Safetyand Health

If we cannot

mine safely, we will not mine!

Gold

Fields' safety strategy

SAFETY	SAFETY
SYSTEMS	LEADERSHIP
ISO 45001	Courageous
Critical	Safety
Leadership
Control	Live the
Management
Standards,	Values
Show we
training &
investigations	care
Change
management
Continuous improvement	Everyone is a
simple & consistent	Courageous Leader
	GOLD FIELDS' VALUES

SAFE

BEHAVIOUR

Stop & Fix

Vital

Behaviours

Eliminating fatalities & serious injuries

People making

good choices

Safety	Integrity	Respect	Responsibility	Innovation	Delivery
	Gold Fields ESG presentation | October 2020

Safety performance

Long-term improvements in fatalities and recordable injuries

Number of Injuries and Severity Rate	TRIFR per million man hours

140								138						Recent fatalities:						4,0
				126											2019: Maria Ramela, South Deep
120																2020: Abel Magajane, South Deep			3,5
																	104						3,0
100														99
80																												2,5
																												2,0
60																											57
40																												1,5
																											1,0
								26
20				17										17		12								0,5
				3												8
0	1	1				1					1
															0,0
			2016				2017				2018		2019				H1 2020
						Fatal injury			Serious injury			Total Recordable Injury			TRIFR			Severity rate
										Gold Fields ESG presentation | October 2020				= Days lost to LTIs / hours worked x 1,000,000

Health management at Gold Fields

If we cannot mine safely, we will not mine

Manage both	Silicosis claims
occupational and					settled in SA
primary health at				Tshiamiso Trust
all our operations
established	2015	2016	2017	2018	2019	H1 2020
Noise-induced hearing loss (NIHL)		6	9	5	13	6	3
Cardio-respiratory tuberculosis (CRTB)		36	35	21	16	20	7
Silicosis¹		9	7	11	10	5	8
Chronic obstructive airways disease (COAD)	1	4	3	3	4	1
Total recordable diseases²		52	55	40	42	35	19
Total Recordable Disease Frequency Rate	1.02	1.01	0.70	0.77	0.74	0.84
Active HAART participants (SA only)		296	332	336	326	204	204
Malaria (Ghana and SA)		532	514	409	237	187	231

¹ All Silicosis cases date from pre-2008;
² NIHL, CRTB, Silicosis, COAD	Gold Fields ESG presentation | October 2020

Group Covid-19 statistics

Tested

Positive

Negative

Awaiting results

Active cases

In hospital

Recovered

Died

(cumulative up until 16 October 2020)

Americas	Australia	South Africa	West Africa	Group
23 781	11	6 668	4 660	35 120
945	-	391	273	1 609
22 836	11	6 052	4 377	33 276
-	-	225	10	235
14	-	4	9	27
-	-	-	-	-
930	-	386	264	1 580
1	-	1	-	2

Group and

Galiano

35 568

1 699

33 634

235

27

-

1 669

3

Gold Fields ESG presentation | October 2020

Gold Fields' support for countries and communities

No Covid-19 related retrenchments were implemented at Gold Fields; South Deep mine paid SMME providers and contractors

as well as salaries to mine workers during lockdown

Donations to government and/or industry response funds

• Australia US$150,000
• Ghana
  US$444,000
• South Deep
  R15m to SA's Solidarity Fund and R350,000
• Peru
  US$1,050,000
• South Africa
  Gold Fields staff Solidarity Fund contributions R2.6m

Gold Fields ESG presentation | October 2020

Direct support to NGOs, government and other organisations

• Australia
  Donated meals, sanitiser
• Ghana
  Donated PPE, ambulances and other prevention items
• South Deep
  Directly and with partners donated meals and masks, provided oxygen and equipment to hospitals
• Peru
  Funded PPE, sanitisation, food, accommodation and medical supplies
• Chile
  Funded equipment to local hospitals, sanitisation

Awareness raising in host communities

• Ghana Communication campaigns, Covid-19ambassadors
• South Africa
  This is Gold community awareness campaign on West Rand and Eastern Cape, Educational awareness booklets in four languages
• Peru
  Hualgayoc region awareness campaigns

Environment

Environmental management

Responsible stewardship of our natural resources and improved performance

	Serious environmental incidents		Improved
6
5						performance:
5
4							Zero serious
	3					(Level 3-5)
3						environmental
2			2	2			incidents in 2019 &
1							H1 2020
				0	0
0
2015	2016	2017	2018	2019	2020

Integrated land	Responsible
and biodiversity
management of
management:
waste streams:
No net biodiversity
50% of non-
loss for new
mineralised waste
projects / major
recycled in 2019
expansions

Environmental Health & Safety Scorecard for leading indicators with lagging modifiers

Certified

ISO:14001

Environmental

Management

Systems

Gold Fields ESG presentation | October 2020

Energy

Energy and climate change challenges facing the global mining industry

Availability of	Reliability of	Affordability of	Addressing
energy	energy supply	energy	energy's climate
			impacts

Key trends:

• 2019: Gold Fields' energy spend was 20% of Opex (13% of AISC), US$300m
• Rising energy demand and costs across all operations due to deeper mines, longer haulages and declining grades
• Transitioned to low-carbon gas
• Independent power generation facilities rather than grid dependency
• Renewable energy gradually being rolled-out at most operations

Group energy consumption

Primary energy sources for electricity

		11,696	12,178	11,628	12,498	Australia		5% 1%
TJ	11,240	49%
	113	118	111	100	94	2015		2019
12,000	5,302	5,430
4,971	4,929
	4,197
9,000	51%			94%
6,000	6,930	6,608	6,765	6,599	6,973	Gas	Diesel		Solar
	Ghana			2%
3,000
							8%
						50%
0	2015	2016	2017	2018	2019
	2015		2019
	Diesel		Electricity1	Other fuels2

1Electricity includes direct electricity generated and indirect Electricity from the grid, Underlying source of electricity is

gas, coal (South Deep) and hydro (Cerro Corona)50%90% 2Other includes petrol, LPG and acetylene

Gas Diesel Hydro

Gold Fields ESG presentation | October 2020

Our climate change response

Climate-related risks are an immediate as well as a long-term issue

• Target: reduce carbon emissions by a		Group Scope 1 - 3 CO2 -e emissions				CO e emissions and savings
cumulative 0,640 MtCO2e between 2017	Mt			0.970.45 1.96	0.880.49 1.96	0.480.781.85		0.480.81 1.94		Mt	Cumulative₂emission savings of 0,641Mt CO e
which accounts for 33% of Scope 1, 2	1.0	0.430.79				0,79	Scope 2		₂
- 2020 against 'business as usual' plans		1.75									1,8	(11% savings against 'business as usual'
	2.0																plans)
• Marginal drop in 2019 emissions due to												1,5	0,12	Savings	0,14	0,23
1.5													0,15
increased production at South Deep,
										1,2
											0,88		0,81	0,70
emission
											0,9

• Shift to low-carbongas in Australia, Ghana
• South Deep 40MW solar plant planned
• Roll-outof renewables:

0.5	0.53	0.54	0.59	0.58	0.65	0,6
	0,3	0,59
0.0	2015	2016	2017	2018	2019
	Scope 1		Scope 2		Scope 3	0
			2017

0,58	Scope 1	0,65	0,73
2018		2019	2020 (Projected)

Microgrid at Agnew

Solar plant at Granny Smith

Solar plant at South Deep

2nd TCFD Report published

Artist impression

Gold Fields ESG presentation | October 2020

Water stewardship

Responsible use of water for the benefits of the business and mitigating the impact on stakeholders in the catchment area

PillarsObjective

Gold Fields

Water Stewardship

Strategy

Being a trusted water stewardship partner

Water efficiency

Security of supply

Catchment management

• Cost efficiency (3% to 5% fresh water reduction)
• Recycling and reuse of water (68%)
• LOM water security assessment included in operational business plans
• Assess impact of our operations on communities in the catchment area
• Collaboration with stakeholders in catchment areas

Water withdrawal per tonne processed

Water recycled/reused as percentage of total

Freshwater withdrawal and withdrawal intensity

kL/t	1.07
1.2		0.96
1.0	0.89
0.8				0.64	0.59
0.6
0.4
0.2
0.0	2015	2016	2017	2018	2019

Water category definitions were adjusted in 2018 in accordance with the ICMM Water Reporting Guideline

%						GL
80				66	68	15
70
55	59	57
60		ICMM	12
50					target	9
40
30						6
20						3
10
0	2015	2016	2017	2018	2019	0

14.3	14.8	14.5	14.2	L/t
500
419	429		437
				379 400
				300
				200
				100
2016	2017	2018	2020	0
Freshwater withdrawal		L/tonnes processed

Gold Fields ESG presentation | October 2020

Overview and management of Tailings Storage Facilities (TSFs)

Gold Fields' operations (incl. JVs) contain 34 tailings facilities

• 14: active
• 4: being re-mined for use as underground back-fill
• 7: inactive/care and maintenance/ standby
• 9: closed and rehabilitated

Of the 14 active TSFs the embankments have the following design types:

• 6: downstream/centerline
• 5: upstream
• 3: in-pit

Status as at Q3 2020

• Independent engineers of record (EoRs) appointed for all TSFs.
• Ongoing quarterly EoR meetings.
• Independent Review Board at Cerro Corona.
• Senior third-party reviewers appointed.
• Independent external audits (2019/2020) completed
• Commenced implementation of new independent Global Industry Standard on Tailings Management.
• Satellite scans on all relevant TSFs.
• Continued with development of TSF real-time monitoring systems plans and installations.
• Finalised implementation and rollout of TSF Incident Reporting Standard.
• Major sponsor of tailings research project in Western Australia.

Gold Fields ESG presentation | October 2020

Integrated mine closure planning

Responsible mine closure management, optimising liabilities through integrated mine closure

planning and concurrent reclamation

Mine closure plans		Closure cost estimate
Up-to-date mine closure plans		Updated annually
Growing consideration of social aspects		Independent external assurance
Integrated mine closure planning		Concurrent reclamation
Integrate into business and strategic planning processes
	Advanced focus with performance targets
Effective engagement with stakeholders

2019 total gross mine

closure liability

US$198m		US$106m
Australia
Agnew		Ghana
Granny Smith		Damang
Gruyere*	US$437m	Tarkwa
St Ives
* 50% attributable to Gold Fields	US$87m
US$46m
	Peru/Chile
South Africa		Cerro Corona
South Deep		Salares Norte*
	* Project footprint

Gold Fields ESG presentation | October 2020

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At the opening of the Tarkwa - Damang Road 2019

Thank you

Questions and answers