Gold Fields to Acquire Yamana Gold - A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns

<br /> Gold Fields to Acquire Yamana Gold – A Combination for Long-Term Value Creation Focused on Quality Growth, Financial Discipline and Shareholder Returns<br />

PR Newswire

Transaction creates a top-4 global gold major with a diversified portfolio of high-quality, long-life assets with tangible near and long-term growth opportunities
Strengthened financial and operational capacity with complementary cash flow and growth profiles
Combined Group will be headquartered in

Johannesburg

with operations across

South Africa

,

Ghana

,

Australia

,

Canada

and

South America
All-share offer by Gold Fields at an Exchange Ratio of 0.6 Gold Fields Consideration Shares for each Yamana share implying a valuation for Yamana of

US$6.7 billion

JOHANNESBURG

,

May 31, 2022

/PRNewswire/ — Gold Fields Limited (JSE, NYSE: GFI) (“Gold Fields”) and Yamana Gold Inc. (TSX:YRI) (NYSE:AUY) (LSE:AUY) (“Yamana”), today announced that they have entered into a definitive agreement (the “Arrangement Agreement”), under which Gold Fields will acquire all of the outstanding common shares of Yamana (“Yamana Shares”) pursuant to a plan of arrangement (the “Transaction”).

A full media release is available on the company website:

www.goldfields.com

For more information, please contact:

Gold Fields Investors

Avishkar Nagaser, EVP, Investor Relations and Corporate Affairs

Tel: +27 11 562 9775

Mobile: +27 82 312 8692

Email:

[email protected]

Thomas Mengel, Manager, Investor Relations

Tel: +27 11 562 9849

Mobile: +27 72 493 5170

Email:

[email protected]

Gold Fields Media

Sven

Lunsche

, Vice President Corporate Affairs

Tel: +27 11 562 9763

Mobile: +27 83 2609279

Email:

[email protected]

Investors

BofA Securities (Financial advisor to Gold Fields)

Ben Davies

/

Peter Surr

/

Christos Tomaras

/

Anthony Knox

Tel: +44 20 7628 1000

Media

Brunswick Group (Communications advisor to Gold Fields)

Johannesburg

: Timothy Schultz

Tel: +27 82 309 2497

London

: Pip Green /

Nick Bias

/

Tom Pigott

Tel: +44 20 7404 5959

North America

:

Emily Levin

/

Nikki Ritchie

Tel: +1 202 617 8582 / Tel: +1 845 682 9850

Yamana Gold

Gerardo Fernandez

, SVP, Corporate Development and Investor Relations

Tel: 416-815-0220

Mobile: +1 888 809 0925

Email:

[email protected]

FTI Consulting (UK Public Relations / Communications advisor to Yamana)

Sara Powell

/

Ben Brewerton

Tel: +44 7931 765 223 / +44 203 727 1000

Email:

[email protected]