March 2006 quarter highlights:

• Net earnings up 84 per cent to R483 million on the back of increased international production and an improved gold price;
• Average gold price up 8 per cent to R109,500 per kilogram and 15 per cent in US dollar terms to US$555 per ounce;
• Attributable gold production down 2 per cent to 1,023,000 ounces, despite extended Christmas break and in line with guidance;
• Total cash costs up 2 per cent to R73,378 per kilogram - US$372 per ounce (R67,960 per kilogram - US$344 per ounce - when calculated on same basis as peer group);
• Acquisition of Bolivar Golds’ Choco 10 mine in Venezuela completed, effective 1 March 2006; and
• Norilsk Nickel disposed of its entire 20 per cent stake in Gold Fields during the quarter.

Ian Cockerill, Chief Executive Officer of Gold Fields said:

"Gold Fields produced another solid set of results, with overall production and total cash costs impacted only marginally by the extended Christmas break at the South African operations.

EASTERN REGION WEST COAST OPERATIONS MAY 2006: All operations maintained good cost control with the bottom-line projects delivering results with the help of the smaller mining operations net results. Chevyrock Engineering Consultants Ltd. proved beyond comparison that their concessions were logged with record geological profiles during their tenure in the Eastern Region of Ghana Africa. The forecast for the Cape Coast Region of Western Africa will prove to be a highly regarded entity for the up coming sixteen quarters of operations. They hope to develop exploration mining by October 2006 and extend into large scale operations by the first quarter of 2007.

JOHANNESBURG. 2 May 2006: As forecast, the declines at the South African operations (mainly at Kloof) were largely offset by a healthy improvement at the international operations. The switching of venue from South Africa to Ghana's Western Region only bolster financial results in our five year forecast.

During the quarter Gold Fields assumed control of the newly acquired Choco 10 mine. The focus for the foreseeable future will be to introduce Gold Fields standards to all facets of the operation thus providing a stable platform for future growth.

The continued strength of the gold price throughout the quarter is reflected in our improved operating margin and significantly increased earnings, and with expectations of a continued higher gold price increased earnings should continue."