THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

Gold Fields Limited - Potential Equity Placing

(Incorporated in the Republic of South Africa)

(Registration number 1968/004880/06)

Share code: GFI ISIN: ZAE000018123

Johannesburg, 4 November 2003 - Gold Fields Limited (JSE and NYSE - GFI) is
considering an equity offering of approximately 12 - 15 million new shares (2.5
- 3% of the issued share capital) to international institutional investors (the
"Placing"). The proceeds of the Placing could be used to fund a portion of Gold
Fields' capital requirements in Ghana and Australia and/or to actively pursue
future off-shore growth opportunities.

J.P. Morgan Securities Ltd. (JPMorgan) is the lead manager of the Placing.

For further information on the Placing, please contact:

Nick Holland                Gold Fields Limited         +27 11 644 2502       
                                                                              
Nerina Bodasing             Gold Fields Limited         +27 11 644 2630       
                                                                              
Ian Hannam                  JPMorgan                    +44(0)207 325 1168    

Members of the public are not eligible to take part in the Placing. This
announcement is directed only at persons who have professional experience in
matters relating to investments who fall within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended)
(the "Order") or persons falling within Article 49(2)(A) to (D) ("High Net
Worth Individuals, Unincorporated Associations, etc") of the Order (all such
persons together being referred to as "Relevant Persons"). The information
regarding the Placing set out in this announcement must not be acted on or
relied on by persons who are not Relevant Persons. Any investment activity to
which this announcement relates is available only to Relevant Persons and will
be engaged in only with Relevant Persons.

This announcement has been issued by Gold Fields and is the sole responsibility
of Gold Fields. This announcement is for information purposes only and does not
constitute an offer or an invitation to acquire or dispose of any securities in
United Kingdom, the United States, South Africa or any other jurisdiction, or
investment advice. This announcement does not constitute an offer to sell or
the solicitation of an offer to buy or acquire ordinary shares in Gold Fields
in the United States, Canada, Australia or Japan or in any other jurisdiction
in which such an offer or solicitation is unlawful. The Placing Shares have not
been, and will not be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an exemption from registration. There will be no public
offering of securities in the United States.

Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan. Any failure to comply with this restriction may constitute
a violation of United States, Canadian, Australian or Japanese securities laws.

The distribution of this announcement and the offering or sale of the Placing
Shares in certain jurisdictions may be restricted by law. No action has been
taken by Gold Fields or JPMorgan, or any of their respective affiliates, that
would permit an offer of the Placing Shares or possession or distribution of
this announcement or any other offering or publicity material relating to such
Placing Shares in any jurisdiction where action for that purpose is required.
Persons into whose possession this announcement comes are required by Gold
Fields and JPMorgan to inform themselves about and to observe any such
restrictions. JPMorgan is acting for Gold Fields in connection with Placing and
no one else and will not be responsible to anyone other than Gold Fields for
providing the protections offered to clients of JPMorgan nor for providing
advice in relation to the Placing.



END