Mr. P.T. Reijn of Corporate International reports
GOLD FIELDS REPORTS OWNERSHIP OF ORDINARY SHARES OF CARDINAL RESOURCES LIMITED
Corporate International Holdings BV, an indirect wholly owned subsidiary of Gold Fields Ltd., owns 30,861,553 ordinary shares and 33,219,851 listed options to purchase ordinary shares of Cardinal Resources Ltd., representing approximately 8.8 per cent of the outstanding Ordinary Shares and 28.7% of the outstanding Listed Options respectively. If CIH were to exercise all its Listed Options, and assuming no other new issuances of Ordinary Shares at or prior to such time, CIH would own an aggregate of 64,081,404 Ordinary Shares, representing approximately 16.7% of the then outstanding Ordinary Shares.
On September 22 and 25, 2017, CIH purchased 5,021,333 Ordinary Shares and 2,000,000 Listed Options of Cardinal at an average price of A$0.68 per Ordinary Share and A$0.53 per Listed Option (the "Market Purchases"
through the facilities of the Australian Securities Exchange, for total consideration of A$4,474,370. Prior to the Market Purchases, CIH owned 25,840,220 Ordinary Shares, representing approximately 7.38% of the outstanding Ordinary Shares, and 31,219,851 Listed Options, representing approximately 27% of the outstanding Listed Options. If CIH were to have exercised at such time all its Listed Options, and assuming no other new issuances of Ordinary Shares at or prior to such time, CIH would have owned an aggregate of 57,060,071 Ordinary Shares, representing approximately 14.9% of the then outstanding Ordinary Shares.
Gold Fields holds its interest in the Ordinary Shares and Listed Options of Cardinal for investment purposes and will continue to monitor the business, prospects, financial condition and potential capital requirements of Cardinal. Depending on its evaluation of these and other factors, Gold Fields may from time to time in the future increase or decrease its direct or indirect ownership, control or direction over the Ordinary Shares, Listed Options or other securities of Cardinal through market transactions, private agreements, subscriptions from treasury or otherwise.
