Directors C A Carolus (Chair), N J Holland ** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), A Andani#, K Ansah#, P J
Bacchus~ , T P Goodlace, A R Hill$ , R P Menell, D M J Ncube, S P Reid^, Y G H Suleman, G M Wilson
^Australian, ~British, $Canadian, #Ghanaian, ** Executive Director
Company Secretary: MML Mokoka
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
+27 11 562 9775
Mobile
email
+27 82 312 8692
Avishkar.Nagaser@
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile +27 81 354 0236
email
Thomas.Mengel@
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email
Sven.Lunsche@
goldfields.com
M E D I A R E L E A S E
GOLD FIELDS ANNOUNCES WITHDRAWAL OF JOINT
ACQUISITION PROPOSAL FOR KIRKLAND LAKE;
REMAINS INTERESTED IN A NEGOTIATED
TRANSACTION
Johannesburg, 18 November 2016: Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) announces that it and Silver Standard
Resources Inc. (Silver Standard) (TSX:SRO, Nasdaq: SSRI) have
today withdrawn their latest joint proposal to acquire all of the
outstanding shares of Kirkland Lake Gold Inc. (Kirkland Lake) (TSX:
KLG) in a negotiated transaction.
As previously announced by Gold Fields, its wholly-owned subsidiary,
Gold Fields Netherlands Services B.V., has made three successive
proposals jointly with Silver Standard to acquire Kirkland Lake
pursuant to a plan of arrangement for consideration consisting of cash
and shares of Silver Standard or a combination thereof. In response
to each proposal, the Kirkland Lake board advised that it had
determined that it was not reasonably expected to result in a Superior
combination with Newmarket Gold Inc. (Newmarket) (TSX: NMI), and
that Kirkland Lake would not be engaging in any discussions with Gold
Fields or Silver Standard or providing them with due diligence access.
In light of the lack of engagement by the board of Kirkland Lake in
response to these proposals, and there being no basis to expect any
further engagement from Kirkland Lake, Gold Fields and Silver
Standard are left with no choice but to withdraw their latest proposal.
Gold Fields remains interested in pursuing negotiations toward a
board-supported transaction with Kirkland Lake in the event that
This press release is not, and is not intended to be, a solicitation by
Gold Fields of proxies from any shareholder of Kirkland Lake or
Newmarket. Gold Fields does not seek the power to act, and will not
act, as proxy for any shareholder of either company.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692