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The Bank of New York Selected As Depositary By Gold Fields Ltd. For Its ADR Listing on the Dubai International Financial Exchange

Posted on: Monday, 30 October 2006, 09:00 CST

NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- The Bank of New York, a global leader in securities servicing, has been selected by Gold Fields Ltd. as depositary bank for its American depositary receipt (ADR) listing on the Dubai International Financial Exchange (DIFX). Gold Fields is the first South African company to list on DIFX. Gold Fields also maintains listings on the New York Stock Exchange, the London Stock Exchange, Euronext (Paris and Brussels), the Swiss Exchange and the Johannesburg Stock Exchange.

According to the company, Gold Fields is one of the world's largest unhedged pure gold producers, providing investors with maximum leverage to the gold price. The company has an annual gold production of approximately 4.1 million ounces from mines in South Africa, Ghana, Australia and Venezuela, as well as a developing mine at Cerro Corona in Peru and has ore reserves of 65 million ounces and mineral resources of 179 million ounces. The company employs 48,467 people globally.

Ian Cockerill, chief executive of Gold Fields, said, "We believe the Dubai International Financial Exchange has the potential to become one of the world's largest trading centers. It offers Gold Fields the opportunity to raise its profile, expand its investor base and position itself to take advantage of the growing and increasingly sophisticated retail and institutional investor base not only within the Middle East but also within the broader Asian region. It is superbly placed and structured to be the gateway to accessing capital in the Gulf and beyond."

Christopher Sturdy, executive vice president and global head of The Bank of New York's Depositary Receipt Division, said, "This transaction continues The Bank of New York's history of innovation in establishing DRs in new markets around the world. The Bank of New York pioneered the DR structure for DIFX listings and capital raisings, executing the first IPO on DIFX in September 2005. It is particularly gratifying that we are now able to help Gold Fields, a world-class gold mining company, access the substantial pools of liquidity available in the Gulf region via this secondary DR listing on DIFX. We look forward to helping other distinguished issuers from around the world list their DRs on DIFX."

The Bank of New York is depositary for more than 1,250 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 61 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Bank delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.adrbny.com/.

The Bank of New York has been conducting business in the Middle East and Africa for nearly 100 years. The Company has representative offices in Abu Dhabi, Beirut, Cairo, Istanbul, and Johannesburg, and works with a wide range of banks, governments, and other financial institutions throughout the region.

The Bank of New York Company, Inc. is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at http://www.bankofny.com/.

The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.

The Bank of New York

CONTACT: Dori Flanagan, +1-212-815-2291

Web site: http://www.bankofny.com/http://www.adrbny.com/

Source: PRNewswire-FirstCall

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