More anti-manipulation hints from new treasury secretary

A press release from the company.

JOHANNESBURG, South Africa, Feb. 16 (PRNewswire) -- Gold Fields
Limited today announced that it had closed out the last of its
remaining hedge positions.

Chris Thompson, Chairman and Chief Executive Officer of Gold Fields
said: quot;Gold Fields is now totally unhedged, which is an affirmation
of our policy in this regard.quot;

Gold Fields bought back 160,000 ounces of gold forward sales at an
average spot price of US$256.10 per ounce, to generate a net profit
of approximately US$4.5 million.

The hedge position was held by Gold Fields Ghana (71-percent owned)
and was required by lenders to the Tarkwa Gold Mine in terms of
potential debt covenant obligations.

As a consequence of closing out the hedges and given the substantial
cash that has been built up in Gold Fields Ghana, it has also been
decided to retire all or a substantial portion of the remaining
project loan of US$25 million held by Gold Fields Ghana.

quot;We thought this was an opportune time to close out the last of our
hedges, given the current weakness in the gold price, which we
believe is not sustainable,quot; said Thompson.

Gold Fields Limited is one of the world's largest gold producers,
with approximately 4 million ounces of gold production per annum, 145
million ounces of mineral resources, and reserves of 70 million
ounces. Gold Fields is focused on increasing value at its existing
operations and on international growth. In addition to being listed
on the Johannesburg (GFI), London, Paris, and Swiss Stock Exchanges,
Gold Fields trades on Nasdaq (GOLD) through an American Depositary
Receipt programme and on the Brussels Stock Exchange through an
International Depositary Receipt programme.