Gold Fields to Acquire Yamana Gold - A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns

• Transaction creates a top-4 global gold major with a diversified portfolio of high-quality, long-life assets with tangible near and long-term growth opportunities
• Strengthened financial and operational capacity with complementary cash flow and growth profiles
• Combined Group will be headquartered in Johannesburg with operations across South Africa, Ghana, Australia, Canada and South America
• All-share offer by Gold Fields at an Exchange Ratio of 0.6 Gold Fields Consideration Shares for each Yamana share implying a valuation for Yamana of US$6.7 billion

JOHANNESBURG, May 31, 2022 /CNW/ -- Gold Fields Limited (JSE, NYSE: GFI) ("Gold Fields") and Yamana Gold Inc. (TSX:YRI) (NYSE:AUY) (LSE:AUY) ("Yamana"), today announced that they have entered into a definitive agreement (the "Arrangement Agreement"), under which Gold Fields will acquire all of the outstanding common shares of Yamana ("Yamana Shares") pursuant to a plan of arrangement (the "Transaction").

A full media release is available on the company website: www.goldfields.com

For more information, please contact:

Gold Fields Investors
Avishkar Nagaser, EVP, Investor Relations and Corporate Affairs
Tel: [phone] 
Mobile: [phone]
Email: [e-mail]

Thomas Mengel, Manager, Investor Relations
Tel: [phone]
Mobile: [phone]
Email: [e-mail] 

Gold Fields Media
Sven Lunsche, Vice President Corporate Affairs
Tel: [phone]
Mobile: [phone]
Email: [e-mail]

Investors
BofA Securities (Financial advisor to Gold Fields)
Ben Davies / Peter Surr / Christos Tomaras / Anthony Knox
Tel: [phone]

Media
Brunswick Group (Communications advisor to Gold Fields)
Johannesburg: Timothy Schultz 
Tel: [phone] 
London: Pip Green / Nick Bias / Tom Pigott
Tel: [phone]
North America: Emily Levin / Nikki Ritchie
Tel: [phone] / Tel: [phone]

Yamana Gold
Gerardo Fernandez, SVP, Corporate Development and Investor Relations
Tel: [phone]
Mobile: [phone]
Email: [e-mail]   

FTI Consulting (UK Public Relations / Communications advisor to Yamana)
Sara Powell / Ben Brewerton
Tel: [phone]
Email: [e-mail] 

View original content:https://www.prnewswire.com/news-releases/gold-fields-to-acquire-yamana-gold--a-combination-for-long-term-value-creation-focused-on-quality-growth-financial-discipline-and-shareholder-returns-301557649.html

SOURCE Gold Fields Limited

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