Acquisition

RNS Number:9573L
Gold Fields Ld
22 October 2001


                            Joint Press Release

                            Gold Fields Limited

                        Repadre Capital Corporation


                           Gold Fields And Repadre
           to acquire Damang Gold Mine adjacent to Tarkwa in Ghana

Johannesburg and Toronto: October21, 2001: Gold Fields Limited (("Gold
Fields") (JSE:GFI, Nasdaq:GOLD)) and Repadre Capital Corporation (("Repadre")
(TSE:RPD)) are pleased to announced that a memorandum of understanding has
been entered into with Ranger Minerals Limited (("Ranger") (ASE:RGS)) which,
subject to certain conditions precedent, allows for the purchase by Gold
Fields and Repadre of Ranger's 90 percent beneficial interest in Abosso
Goldfields Limited ("Abosso") and its associated mining and exploration
assets. Abosso is an unlisted Ghanaian company holding 100 percent of the
Damang Gold Mine in Ghana. The purchasers will also acquire all outstanding
loans from Ranger to Abosso.

The purchase consideration will comprise A$63.3 million in cash to be
contributed by Gold Fields and 4.0 million Repadre shares to be contributed by
Repadre.

Gold Fields will fund the purchase through a corporate debt facility provided
by Barclays Capital, the investment banking division of Barclays Bank PLC, and
guaranteed by Gold Fields. South African Reserve Bank approval for the
transaction has been secured.

The transaction is subject to the fulfillment of the following principal
conditions precedent:


 1. Approval of the transaction by the Government of Ghana on or before
    February 15, 2002;

 2. The successful completion of due diligence by all parties before November
    9, 2001;

 3. Approval of the transaction on or before January 15, 2002 by Ranger
    shareholders and, if required, by Repadre shareholders; and

 4. Completion of the transaction on or before February 28, 2002, unless
    extended by mutual agreement between the parties. The parties currently
    anticipate settling well before this date.

On completion of the transaction, the shareholding in Abosso will be 71.1
percent owned by Gold Fields, 18.9 percent owned by Repadre and 10 percent by
the Ghanaian Government. This shareholding mirrors that of Gold Fields Ghana
Limited, owner of the adjacent Tarkwa Gold Mine of which Gold Fields is the
operator.

Chris Thompson, Chairman and Chief Executive Officer of Gold Fields, said:
"This is another attractive acquisition for Gold Fields and we are
particularly delighted that it is in Africa. Like our Tarkwa mine next door,
Damang is an open pit operation and we plan to maximize synergies between
these two assets."

Joe Conway, President and Chief Executive Officer of Repadre comments: "We are
pleased to be partnering this transaction with Gold Fields. This acquisition
will raise our attributable gold production to more than 170,000 ounces per
annum."

Damang has resources of approximately 3.03 million ounces and reserves of 1.53
million ounces. During the financial year ended June 31, 2001 the mine
processed 4.54 million tons at an average grade of 2.42 grams per ton to
recover 322,046 ounces of gold at total cash costs of US$208 per ounce.

As at June 31, 2001 Abosso had US$15 million of external debt; approximately
US$14 million of net working capital; and a hedge book of approximately
500,000 ounces which, at current gold prices, has a positive mark to market
value.

Repadre is a public company listed on the Toronto Stock Exchange whose
principal activity is the creation and purchase of royalties and non-operating
interests on a global basis. One of Repadre's main assets, among other assets,
is an 18.9 percent interest in Gold Fields Ghana, owner of the Tarkwa gold
mine in Ghana, where Gold Fields holds 71.1 percent and is the operator.
Repadre also holds a 1 percent royalty on future production from the Diavik
diamond mine in Canada, currently under construction with start-up expected in
early 2003. Current reserves suggest a 20-year mine life. During the past
month Repadre shares have been trading in the range C$3.40 to C$3.95.

Gold Fields Limited is one of the world's largest unhedged gold producers with
total production of 3.8 million ounces for the year ended June 30, 2001 from
its Driefontein, Kloof and Free State operations in South Africa and its
Tarkwa operation in Ghana. Gold Fields had total resources of 139 million
ounces and total reserves of 81 million ounces and is listed on the
Johannesburg, Nasdaq, London, Paris and Swiss exchanges. Gold Fields is also
in the process of acquiring the St Ives and Agnew Gold Mines in Australia,
which produced approximately 0.6 million ounces for the year ended June 30,
2001.

                                   - end -


                                   ENQUIRIES
        GOLD FIELDS                 REPADRE                   RANGER
   www.goldfields.co.za         www.repadre.com          www.ranger.com.au
South Africa
Willie Jacobsz              Joseph Conway           Guy Travis
Tel: [phone]        Tel: [phone]      Tel: [phone]
Fax: [phone]        Fax: [phone]      Fax: [phone]
Email:                      Email:                  Email:
[e-mail]    [e-mail]     [e-mail]
North America
Cheryl Martin
Tel: [phone]
Fax: [phone]
Email: [e-mail]