Gold Fields of S.A. - Fthr.re Disposal of Interest

RNS No 6512b
GOLD FIELDS OF SOUTH AFRICA LIMITED
21st October 1998

Gold Fields of South Africa Limited
(Registration number 05/04181/06)
(Incorporated in the Republic of South Africa)
("GFSA")

New Wits Limited
(Registration number 05/04822/06)
(Incorporated in the Republic of South Africa)
("New Wits")

Vogelstruisbult Metal Holdings Limited
(Registration number 05/04346/06)
(Incorporated in the Republic of South Africa)
("Vogelstruisbult")

(collectively "the Companies")

SALE OF INTEREST IN ZINC CORPORATION OF SOUTH AFRICA LIMITED ("ZINCOR") :
amendment to financial effects

Further to the announcement published on 21 October 1998 in which the
financial effects of the sale of Zincor on the Companies were provided, the
paragraph below serves to provide the correct financial effects of this
transaction.

Financial Effects
 
The financial effects of the sale upon the Companies may be summarised as
follows:


                      Earnings Per Share        Net Asset Value Per Share
Company     Before sale (1)   After sale (2) Before sale (3) After sale (4)
GFSA                  928,0            923,4         7 448,0        7 428,7
New Wits               84,0             76,9         1 411,0        1 370,0
Vogelstruisbult        57,0             30,7         1 425,0        1 274,0

Notes

1. Based upon  the earnings per share for the year ended 30 June 1998.
2. Assuming the cash realised from the sale by each respective company was
   invested on 1 July 1997 and earned interest up until 30 June 1998 at the
   average rate of 15 per cent per annum and that this interest was taxed at
   the average rate of 35 per cent.
3. Based upon the net asset value per share as at 30 June 1998.
4. Assuming the cash realised from the sale by each respective company was
   held on 30 June 1998.


END

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