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<SEC-DOCUMENT>0000891836-06-000098.txt : 20060306
<SEC-HEADER>0000891836-06-000098.hdr.sgml : 20060306
<ACCEPTANCE-DATETIME>20060306163550
ACCESSION NUMBER:		0000891836-06-000098
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20060306
DATE AS OF CHANGE:		20060306
GROUP MEMBERS:		JENINGTON INTERNATIONAL INC.
GROUP MEMBERS:		MIKHAIL D. PROKHOROV
GROUP MEMBERS:		VLADIMIR O. POTANIN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOLD FIELDS LTD
		CENTRAL INDEX KEY:			0001172724
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-78350
		FILM NUMBER:		06667587

	BUSINESS ADDRESS:	
		STREET 1:		24 ST ANDREWS ROAD
		CITY:			PARKTOWN
		STATE:			T3
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		POST NET SUITE 252
		STREET 2:		PRIVATE BAG X30500
		CITY:			HOUGHTON 2041 SOUTH AFRICA
		STATE:			M3
		ZIP:			00000

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MMC NORLISK NICKEL
		CENTRAL INDEX KEY:			0001260713

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		VOZNESENSKY PEREULOK
		STREET 2:		22 USADBA CENTER MOSCOW
		CITY:			RUSSIA
		STATE:			1Z
		ZIP:			0000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sc0045.htm
<DESCRIPTION>AMENDMENT NO. 9
<TEXT>
<HTML>
<HEAD>
<TITLE>
Amendment No. 9
</TITLE>
</HEAD>
<BODY>

<HR SIZE=3 COLOR=BLACK NOSHADE>
<CENTER><FONT SIZE=4><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>
<FONT SIZE=2>WASHINGTON, D.C. 20549</FONT><BR>
______________________<BR>

SCHEDULE 13D<BR>
<FONT SIZE=2>under the Securities Exchange Act of 1934<BR>
(Amendment No. 9)*</FONT><BR>
______________________<BR>
<BR>
<FONT SIZE=5><B>GOLD FIELDS LIMITED</B></FONT><BR>
<FONT SIZE=2>(Name of Issuer)</FONT><BR>
______________________<BR>

<B>American Depositary Shares, each representing one Ordinary Share of par value<BR>
Rand 0.50 each<BR>
Ordinary Shares of par value Rand 0.50 each</B><BR>
<BR>
<FONT SIZE=2>(Title of Class or securities)</FONT><BR>
______________________<BR><BR>

<FONT SIZE=2><B>American Depositary Shares: 38059T106<BR>
Ordinary Shares: 38059R100</B><BR>
(CUSIP Number)</FONT><BR>
______________________<BR><BR>

<FONT SIZE=2><B>Denis Morozov<BR>
22 Voznesensky Pereulok<BR>
Moscow, 125993<BR>
Russia</B><BR><BR>

<I>with a copy to:</I><BR><BR>

<B>William A. Plapinger, Esq.<BR>
Sullivan &amp; Cromwell LLP<BR>
1 New Fetter Lane<BR>
London EC4A 1AN<BR>
England</B><BR><BR>

(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communication)<BR><BR>

<B>March 3, 2006</B><BR>
(Date of Event to Which This Filing Relates)</FONT><BR>
<HR SIZE=3 COLOR=BLACK NOSHADE></CENTER>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is
the subject of this Schedule 13D, and is filing this schedule because of
&sect;&sect;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box.<img src="ballot.jpg"></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>* The remainder of this
cover page shall be filled out for a reporting person&#146;s initial filing on
this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter disclosures
provided in a prior cover page. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The information required on
the remainder of this cover page shall not be deemed to be &#147;filed&#148; for
the purpose of Section 18 of the Securities Exchange Act of 1934
(&#147;Act&#148;) or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
notes). </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Continued on following pages) </FONT></P>

<PAGE>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
<TD WIDTH=100%><FONT SIZE=2><B>CUSIP No. 38059T106 / 38059R100</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Names of Reporting Persons<BR>
                   <B>MMC Norilsk Nickel</B><BR><BR>
                   IRS Identification Nos. of Above Persons (entities only)<BR>
                   <B>Not Applicable (foreign entity)</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check the Appropriate Box if a Member of a Group (See Instructions)<BR>
                                  (a)&nbsp;&nbsp;<img src="ballot.jpg"><BR>
                                  (b)&nbsp;&nbsp;<img src="ballotx.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>SEC Use Only</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Source of Funds (See Instructions)<BR>
                   <B>BK, WC</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if Disclosure of Legal Proceedings is Required
                   Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Citizenship or Place of Organization<BR>
                   <B>Russian Federation</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4> <FONT SIZE=2>
Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each<BR>
Reporting<BR>
Person<BR>
with</FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Voting Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Voting Power<BR>
                               <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Dispositive Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Dispositive Power<BR>
                                 <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Aggregate Amount Beneficially Owned by Each Reporting Person<BR>
                    <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>13</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Percent of Class Represented by Amount in Row (11)<BR>
                   <B>20.0%</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>14</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Type of Reporting Person (See Instructions)<BR>
                   <B>HC</B></FONT></TD>
</TR>
</TABLE>
<BR><BR>
<P ALIGN=CENTER><FONT SIZE=2>-2-</FONT></P>

<PAGE>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
<TD WIDTH=100%><FONT SIZE=2><B>CUSIP No. 38059T106 / 38059R100</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Names of Reporting Persons<BR>
                   <B>Jenington International Inc.</B><BR><BR>
                   IRS Identification Nos. of Above Persons (entities only)<BR>
                   <B>Not Applicable (foreign entity)</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check the Appropriate Box if a Member of a Group (See Instructions)<BR>
                                  (a)&nbsp;&nbsp;<img src="ballot.jpg"><BR>
                                  (b)&nbsp;&nbsp;<img src="ballotx.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>SEC Use Only</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Source of Funds (See Instructions)<BR>
                   <B>AF</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if Disclosure of Legal Proceedings is Required
                   Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Citizenship or Place of Organization<BR>
                   <B>British Virgin Islands</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4> <FONT SIZE=2>
Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each<BR>
Reporting<BR>
Person<BR>
with</FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Voting Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Voting Power<BR>
                               <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Dispositive Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Dispositive Power<BR>
                               <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Aggregate Amount Beneficially Owned by Each Reporting Person<BR>
                   <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>13</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Percent of Class Represented by Amount in Row (11)<BR>
                   <B>20.0%</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>14</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Type of Reporting Person (See Instructions)<BR>
                   <B>CO</B></FONT></TD>
</TR>
</TABLE>
<BR><BR>
<P ALIGN=CENTER><FONT SIZE=2>-3-</FONT></P>

<PAGE>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
<TD WIDTH=100%><FONT SIZE=2><B>CUSIP No. 38059T106 / 38059R100</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Names of Reporting Persons<BR>
                   <B>Vladimir O. Potanin</B><BR><BR>
                   IRS Identification Nos. of Above Persons (entities only)<BR>
                   <B>Not Applicable (foreign entity)</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check the Appropriate Box if a Member of a Group (See Instructions)<BR>
                                  (a)&nbsp;&nbsp;<img src="ballot.jpg"><BR>
                                  (b)&nbsp;&nbsp;<img src="ballotx.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>SEC Use Only</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Source of Funds (See Instructions)<BR>
                   <B>AF</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if Disclosure of Legal Proceedings is Required
                   Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Citizenship or Place of Organization<BR>
                   <B>Russian Federation</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4> <FONT SIZE=2>
Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each<BR>
Reporting<BR>
Person<BR>
with</FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Voting Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Voting Power<BR>
                               <B>98,467,758 ordinary shares (1)</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Dispositive Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Dispositive Power<BR>
                               <B>98,467,758 ordinary shares (1)</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Aggregate Amount Beneficially Owned by Each Reporting Person<BR>
                   <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>13</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Percent of Class Represented by Amount in Row (11)<BR>
                   <B>20.0%</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>14</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Type of Reporting Person (See Instructions)<BR>
                   <B>IN</B></FONT></TD>
</TR>
</TABLE>
<BR>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to Rule 13d-4 of the Act, the filing of this statement shall not be
construed as an admission that Mr. Potanin is, for the purpose of Sections 13(d)
or 13(g) of the Act, the beneficial owner of 98,467,758 ordinary shares.
</FONT></P>
<BR><BR>

<P ALIGN=CENTER><FONT SIZE=2>-4-</FONT></P>

<PAGE>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
<TD WIDTH=100%><FONT SIZE=2><B>CUSIP No. 38059T106/38059R100</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Names of Reporting Persons<BR>
                   <B>Mikhail D. Prokhorov</B><BR><BR>
                   IRS Identification Nos. of Above Persons (entities only)<BR>
                   <B>Not Applicable (foreign entity)</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check the Appropriate Box if a Member of a Group (See Instructions)<BR>
                                  (a)&nbsp;&nbsp;<img src="ballot.jpg"><BR>
                                  (b)&nbsp;&nbsp;<img src="ballotx.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>SEC Use Only</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Source of Funds (See Instructions)<BR>
                   <B>AF</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if Disclosure of Legal Proceedings is Required
                   Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Citizenship or Place of Organization<BR>
                   <B>Russian Federation</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4> <FONT SIZE=2>
Number of<BR>
Shares<BR>
Beneficially<BR>
Owned by<BR>
Each<BR>
Reporting<BR>
Person<BR>
with</FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Voting Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Voting Power<BR>
                               <B>98,467,758 ordinary shares (2)</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Sole Dispositive Power<BR>
                               <B>0</B></FONT></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=2>Shared Dispositive Power<BR>
                               <B>98,467,758 ordinary shares (2)</B></FONT></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Aggregate Amount Beneficially Owned by Each Reporting Person<BR>
                   <B>98,467,758 ordinary shares</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B> </TD>
     <TD WIDTH=95%><FONT SIZE=2>Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)&nbsp;&nbsp;&nbsp;<img src="ballot.jpg"></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>13</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Percent of Class Represented by Amount in Row (11)<BR>
                   <B>20.0%</B></FONT></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>14</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=2>Type of Reporting Person (See Instructions)<BR>
                   <B>IN</B></FONT></TD>
</TR>
</TABLE>
<BR>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to Rule 13d-4 of the Act, the filing of this statement shall not be
construed as an admission that Mr. Prokhorov is, for the purpose of Sections
13(d) or 13(g) of the Act, the beneficial owner of 98,467,758 ordinary shares.
</FONT></P>

<BR><BR>
<P ALIGN=CENTER><FONT SIZE=2>-5-</FONT></P>

<PAGE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This
Amendment No. 9 (&#147;Amendment No. 9&#148;) amends and supplements the Statement on
Schedule 13D originally filed on April 7, 2004, as amended by Amendment No. 1 thereto
filed on August 6, 2004, Amendment No. 2 thereto filed on October 18, 2004, Amendment No.
3 thereto filed on December 17, 2004, Amendment No. 4 thereto filed on January 28, 2005,
Amendment No. 5 thereto filed on April 19, 2005, Amendment No. 6 thereto filed on April
21, 2005, Amendment No. 7 thereto filed on June 8, 2005 and Amendment No. 8 thereto filed
on September 19, 2005 relating to the ordinary shares, par value Rand 0.50 per share (the
&#147;Shares&#148;), of Gold Fields Limited, a&nbsp;company organized under the laws of
the Republic of South Africa (the &#147;Company&#148;). The Schedule 13D, as amended, is
referred to herein as the &#147;Schedule 13D&#148;. Unless otherwise indicated,
capitalized terms used but not defined herein have the meanings assigned to such term in
the Schedule 13D. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 4. Purpose of Transaction</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The last two paragraphs of Item 4 are hereby amended and restated as follows: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On March&nbsp;3, 2006, ZAO Polus, a wholly-owned direct subsidiary of MMC Norilsk Nickel, and
Jenington International Inc., a wholly-owned direct subsidiary of ZAO Polus, entered into an
Agency Agreement with Citigroup Global Markets Limited and Goldman Sachs International
with respect to the sale of 98,467,758 Shares of Gold Fields Limited for a per Share
purchase price of U.S.$20.50 or ZAR 125.93. The sale is subject to conditions customary for transactions of
this kind and is expected to close on March&nbsp;10, 2006. The transaction would represent
a disposition of the Reporting Persons&#146; entire interest in the Shares. A copy of the
Agency Agreement is included as Exhibit L hereto and the description of the Agency
Agreement contained herein is qualified in its entirety by reference to Exhibit L.</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except
as set forth herein, no Reporting Person has any present plans or proposals that relate to
or would result in the occurrence of any of the events specified in clauses (a) through
(j) of the instructions to Item 4 of Schedule 13D. The Reporting Persons reserve the right
to formulate plans or make proposals, and take such actions with respect to their
investment in the Company, including any action that relates to or would result in the
occurrence of any or all of the events specified in clauses (a) through (j) of Item 4 of
Schedule 13D, and any other actions, as they may determine. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 6.  CONTRACTS, ARRANGEMENTS,
UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER</B> </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
last paragraph of Item 6 is hereby amended and restated as follows: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
March&nbsp;3, 2006, ZAO Polus, a wholly-owned direct subsidiary of MMC Norilsk Nickel, and
Jenington International Inc., a wholly-owned direct subsidiary of ZAO Polus, entered into an
Agency Agreement with Citigroup Global Markets Limited and Goldman Sachs International
with respect to the sale of 98,467,758 Shares of Gold Fields Limited for a per Share
purchase price of U.S.$20.50 or ZAR 125.93. The sale is subject to conditions customary for transactions of
this kind and is expected to close on March&nbsp;10, 2006. The </FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>-6-</FONT></P>

<PAGE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
transaction would represent
a disposition of the Reporting Persons&#146; entire interest in the Shares. A copy of the
Agency Agreement is included as Exhibit L hereto and the description of the Agency
Agreement contained herein is qualified in its entirety by reference to Exhibit L. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise disclosed in this Statement on Schedule 13D, as amended, none of the
Reporting Persons, nor, to the knowledge of the Reporting Persons, any of the persons
listed in Exhibit A, has any contract, arrangement, understanding or relationship (legal
or otherwise) with any person with respect to any securities of the Company, including but
not limited to transfer or voting of any such securities, finder&#146;s fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits, division of
profits or loss, or the giving or withholding of proxies. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 7. Material to Be
Filed as Exhibits</B> </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item
7 is hereby amended and supplemented as follows: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following exhibits are inserted after Exhibit K: </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=4%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit L</FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Agency
Agreement, dated March 3, 2006, among ZAO Polus, Jenington International Inc.,
Citigroup Global Markets Limited and Goldman Sachs International. </FONT></TD>
</TR>
</TABLE>
<BR>

<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN=CENTER><FONT SIZE=2>-7-</FONT></P>

<PAGE>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SIGNATURE</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After
reasonable inquiry and to the best of my knowledge and belief, I&nbsp;certify
that the information set forth in this statement is true, complete and correct.
</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: March&nbsp;6, 2006 </FONT></P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MMC NORILSK NICKEL<BR><BR></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By: </FONT></TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ Mikhail D. Prokhorov </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>&nbsp; </TD>
     <TD WIDTH=45%><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Name:<BR>
Title:</FONT>
</TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Mikhail D. Prokhorov <BR>
General Director
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>JENINGTON INTERNATIONAL INC.<BR><BR></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By: </FONT></TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ Siegfried Pasqual </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>&nbsp; </TD>
     <TD WIDTH=45%><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Name: <BR>
Title: </FONT>
</TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Siegfried Pasqual <BR>
Director
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>VLADIMIR O. POTANIN<BR><BR></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By: </FONT></TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ Vladimir O. Potanin </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>&nbsp; </TD>
     <TD WIDTH=45%><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Name: </FONT>
</TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Vladimir O. Potanin </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MIKHAIL D. PROKHOROV<BR><BR></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By: </FONT></TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ Mikhail Prokhorov </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>&nbsp; </TD>
     <TD WIDTH=45%><HR SIZE=1 NOSHADE WIDTH=80% ALIGN=LEFT> </TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=6%>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Name: </FONT>
</TD>
     <TD WIDTH=45%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mikhail Prokhorov </FONT></TD>
</TR>
</TABLE>
<BR><BR>

<P ALIGN=CENTER><FONT SIZE=2>-8-</FONT></P>

<PAGE>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EXHIBIT INDEX</B></FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit A<BR>
Exhibit B<BR>
Exhibit C<BR>
Exhibit D<BR>
Exhibit E<BR>
Exhibit F</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Officers and Directors of Reporting Persons<SUP>#</SUP>.<BR>
Agreement Relating to Joint Filing of Schedule 13D.*<BR>
Purchase Agreement.*<BR>
Power of Attorney.*<BR>
Facility Agreement.*<BR>
Intercompany Purchase Agreement.**</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit G</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Irrevocable Undertaking in Respect of a Proposal by Harmony Gold Mining Company Limited
to Acquire All the Shares in Gold Fields Limited.*** </FONT></TD>
</TR>

<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit H</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Letter, dated January 26, 2005, from Bernard Swanepoel to Norilsk Nickel, received by
facsimile transmission on January 28, 2005.****</FONT></TD>
</TR>

<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit I</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Consent Letter, dated April 18, 2005, among JBVI, Norilsk Nickel and
Harmony***** </FONT></TD>
</TR>

<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit J</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Press Release issued by Norilsk Nickel on April 18,
2005***** </FONT></TD>
</TR>

<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit K</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Share Subscription Agreement, dated April 18, 2005, between
JBVI and Norilsk Nickel******</FONT></TD>
</TR>

<TR VALIGN=TOP>
     <TD WIDTH=10%><FONT SIZE=2>Exhibit L</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=2>
Agency Agreement, dated March 3, 2006, between ZAO Polus, Jenington International Inc., Citigroup Global Markets
Limited and Goldman Sachs International</FONT></TD>
</TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=7%><FONT SIZE=2>
*<BR>
**<BR>
***<BR>
****<BR>
*****<BR>
******<BR>
<SUP>#</SUP></FONT></TD>

     <TD WIDTH=93%><FONT SIZE=2>
Filed with the initial statement on Schedule 13D on April 7, 2004.<BR>
Filed with the Amendment No. 1 to Schedule 13D on August 6, 2004.<BR>
Filed with the Amendment No. 2 to Schedule 13D on October 18, 2004.<BR>
Filed with the Amendment No. 4 to Schedule 13D on January 28, 2005.<BR>
Filed with the Amendment No. 5 to Schedule 13D on April 19, 2005.<BR>
Filed with the Amendment No. 6 to Schedule 13D on April 22, 2005.<BR>
Amended and restated as attached hereto.
</FONT></TD>
</TR>
</TABLE>
<BR><BR>
<P ALIGN=CENTER><FONT SIZE=2>-9-</FONT></P>

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MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#<\6>.]4TK
MQOJ>F+JEW'"MQ%%"MO/;1QVJE+7,EP9+>1HXBT[8DR<D;=HQFO2_"=]<:GX-
MT._O)/,NKK3[>:9]H&YVC4L<#@9)/2H[GPEI5UJ%S?,VI0SW3AYC:ZI<P*[!
J%0$K'(JYVJHSCL*U+"QM],TZVL+./R[6UB2&%-Q.U%`"C)Y.`!UH`__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>4
<FILENAME>exh_a.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.A
</TITLE>
</HEAD>
<BODY>
<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EXHIBIT A</B></FONT></P>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Executive Officers of
Norilsk Nickel </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Name</B></FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Present Principal Occupation</B></FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Citizenship</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mikhail D. Prokhorov</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>General Director (CEO), Member of
the Board of Directors, Chairman of the Management Board of Norilsk Nickel </FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Igor A. Komarov</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director, <BR>Chief Financial Officer of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Yuri A. Kotlyar</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board
of Norilsk Nickel, General Director of OJSC RAO Norilsk Nickel </FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Tavakolian R. Morgan</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Board of Directors,
Member of the Management Board, Deputy General Director of Norilsk Nickel </FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>United States</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Denis S. Morozov</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jokves I. Rozenberg</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Victor E. Sprogis</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Maxim V. Finsky</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dmitry S. Cheskis</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
</TABLE>
<BR><BR>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Directors of Norilsk
Nickel </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Name</B></FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Present Principal Occupation</B></FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Citizenship</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Andrey A. Klishas</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>General Director of ZAO
Interros Holding Company, Chairman of the Board of Directors of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Guy de Selliers</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Board of Directors
of Solvay S.A. and Wimm-Bill-Dann</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Belgium</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Tavakolian R. Morgan</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Member of the Management Board,
Deputy General Director of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>United States</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mikhail D. Prokhorov</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>General Director (CEO), Chairman of
the Management Board of Norilsk Nickel</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Heinz Schimmelbusch</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Managing Director of the
Safeguard International Fund</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Austria</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Andrey E. Bugrov</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Managing Director of ZAO Interros
Holding Company</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Vladimir I. Dolgikh</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President of the Management Board
of the Krasnoyarsk Fellow-countrymen association </FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Ekaterina M. Salnikova</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director for Corporate Structures of
ZAO Interros Holding Company</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kirill L. Ugolnikov</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Head of Tax Division of
JSC &#147;Vneshyurkollegia&#148;</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Russian Federation</FONT></TD>
</TR>
</TABLE>
<BR><BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Executive Officers of Jenington International Inc. </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Name</B></FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Present Principal Occupation</B></FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Citizenship</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pasqual Siegfried</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Managing Director</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Switzerland</FONT></TD>
</TR>
</TABLE>
<BR><BR>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Directors of Jenington
International Inc.</FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Name</B></FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Present Principal Occupation</B></FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Citizenship</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pasqual Siegfried</FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Managing Director of Norilsk Nickel Holding SA</FONT></TD>
     <TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Switzerland</FONT></TD>
</TR>
</TABLE>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.L
<SEQUENCE>5
<FILENAME>exh_l.htm
<DESCRIPTION>AGENCY AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>
Exh. L: Agency Agreement
</TITLE>
</HEAD>
<BODY>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>AGENCY AGREEMENT </U></FONT></H1>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Seller: JENINGTON
INTERNATIONAL INC. </FONT></H1>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Parent: ZAO POLUS </FONT></H1>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Issuer (ticker): GOLD
FIELDS LIMITED (JSE: &#147;GFIELDS&#148;) </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Ordinary shares of Issuer, par value
Rand 0.50 per ordinary share: </B>98,467,758 (the &#147;Shares&#148;), comprising tranches
of 33,948,100 shares (the &#147;USD Shares&#148;) and 64,519,658 (the &#147;ZAR
Shares&#148;)  </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Per Share Purchase Price:
</B>U.S.$&nbsp;20.50 per USD Share (the &#147;USD Per Share Purchase Price&#148;) and
ZAR&nbsp;125.93 per ZAR Share (the &#147;ZAR Per Share Purchase Price&#148;) </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Aggregate Purchase Price:</B> the
USD Per Share Purchase Price times the number of USD Shares delivered at the Closing Time
(the &#147;Aggregate USD Purchase Price&#148;) plus the ZAR Per Share Purchase Price times
the number of ZAR Shares delivered at the Closing Time (the &#147;Aggregate ZAR Purchase
Price&#148; and, together with the Aggregate USD Purchase Price, the &#147;Aggregate
Purchase Price&#148;) </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Closing Time:</B> 10
March&nbsp;2006 </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Commissions:</B> The base fee for
the USD Shares (the &#147;USD Base Fee&#148;), payable in U.S. dollars, will be equal to
the Aggregate USD Purchase Price times 0.5%, and the base fee for the ZAR Shares (the
&#147;ZAR Base Fee&#148;), payable in South African Rand, will be equal to the Aggregate
ZAR Purchase Price times 0.5%. The amount of the incentive fee for the USD Shares (the
&#147;USD Incentive Fee&#148;), if any, will be determined by the Seller separately for
each Agent in the Seller&#146;s sole discretion in an amount up to the Aggregate USD
Purchase Price times 0.5%, and the amount of the incentive fee for the ZAR Shares (the
&#147;ZAR Incentive Fee&#148;), if any, will be determined by the Seller separately for
each Agent in the Seller&#146;s sole discretion in an amount up to the Aggregate ZAR
Purchase Price times 0.5%. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Seller and the Parent agree with
each of Citigroup Global Markets Limited (&#147;Citigroup&#148;) and Goldman Sachs
International (&#147;Goldman Sachs&#148; and, together, with Citigroup the
&#147;Agents&#148;) that the Seller shall sell, and each of the Agents shall use its
best efforts to procure purchasers for, the Shares on the terms and subject to the
conditions set forth in this Agreement (the &#147;Transaction&#148;). </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Closing will take place at the
Closing Time by the Seller procuring to deliver (or, if the Seller fails to do so, the
Parent causing the Seller to procure to deliver) the Shares in electronic dematerialized
form through Share Transactions Totally Electronic Limited (&#147;STRATE&#148;) to the
account of Goldman Sachs International, London with the account number ZA0000015671 at FNB
CORPORATE (BIC code: FIRNZAJJ), against payment by Goldman Sachs, on behalf of the Agents,
to the Seller of the Aggregate Purchase Price in immediately available funds by wire
transfer to an account or accounts specified by the Seller or the Parent in writing to
Goldman Sachs, on behalf of the Agents, two full business days prior to the Closing Time.
In the event that the Agents determine that the number of USD Shares or the number of ZAR
Shares delivered at the Closing Time will be different from the amounts set forth above,
Goldman Sachs, on behalf of the Agents, shall notify the Seller in writing two full
business days prior to the Closing Time of the actual number of USD Shares and ZAR Shares
to be delivered at such time, and the amount of the USD Base Fee, any USD Incentive Fee,
the ZAR Base Fee and any ZAR Incentive Fee shall be adjusted accordingly. Any such
adjustment made by the Seller shall be communicated to Goldman Sachs, on behalf of the
Agents, one full business day prior to the Closing Time. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Goldman Sachs, on behalf of the
Agents, shall be entitled to withhold from the Aggregate USD Purchase Price an amount
equal to the USD Base Fee plus any USD Incentive Fee communicated in writing by the Seller
to the Agents at least two full business days prior to the Closing Time and to withhold
from the Aggregate ZAR Purchase Price an amount equal to the ZAR Base Fee plus any ZAR
Incentive Fee communicated in writing by the Seller to the Agents at least two full
business days prior to the Closing Time. No deductions will be made from the Aggregate
Purchase Price on account of, and the purchasers of the Shares shall be responsible for
and shall pay all, transfer taxes, stamp taxes or other duties incident to the sale and
delivery of the Shares that are payable to the Republic of South Africa, any political
subdivision thereof or any taxing authority therein. </FONT></P>

<!-- MARKER PAGE="sheet: 22; page: 22" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At the Closing Time, the Seller shall
(or, if the Seller fails to do so, the Parent shall cause the Seller to) pay or transfer
to an account specified by Goldman Sachs, on behalf of the Agents, all dividends,
distributions or other rights declared or distributed in respect of Shares sold under this
Agreement for which a record date occurs on or after the date of this Agreement and which
have been received by the Seller. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Seller acknowledges receipt from
Goldman Sachs of the document entitled &#147;General Statement of Distribution
Principles&#148;. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Closing Conditions,
Representations and Warranties, and Indemnity </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Agents&#146; obligations under
this Agreement are several and not joint and are subject to the conditions specified in
Annex I. The Seller and the Parent shall indemnify each Agent to the extent specified in
Annex I. The Seller and the Parent make the representations and warranties in Annex II.
The Agents, severally and not jointly, make the representations and warranties in Annex
III. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The obligations of the Seller and the
Parent under this Agreement shall be joint and several. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For so long as the Parent remains a
wholly-owned subsidiary of OJSC MMC Norilsk Nickel (&#147;Norilsk&#148;), prior to
consummating any sale, exchange, distribution, liquidation or other disposal of all or
substantially all of its assets, the Parent shall notify Goldman Sachs in writing of such
transaction (if not previously so notified) and, if requested by the Agents, acting
together, shall enter into bona fide consultations with Goldman Sachs, on behalf of the
Agents, regarding the assumption of the Parent&#146;s obligations under this Agreement by
another entity or the provision of insurance, surety bonds or an escrow arrangement to
cover such obligations, provided that this obligation shall cease to apply three years
after the date of this Agreement. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Confidentiality, Rights
of Third Parties, Governing Law and Counterparts </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No statement, notice or waiver under,
or amendment to, this Agreement shall be valid unless it is in writing and, in the case of
amendments, executed by each party. Notices shall be delivered by facsimile as indicated
below. Except to the extent required by applicable law or regulation, this Agreement and
the transactions contemplated by it may not be disclosed prior to the Closing Time to any
third party or otherwise publicly referred to by the Seller or the Parent without the
prior written consent of the Agents or either of the Agents without the prior written
consent of the Seller and the Parent, provided that the Seller may notify the Depositary
for the Issuer&#146;s American Depositary Receipt (&#147;ADR&#148;) program as provided in
Annex&nbsp;II. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Agreement shall be binding upon,
and inure solely to the benefit of, Citigroup, Goldman Sachs, the Seller and the Parent
and their respective successors and permitted assigns and, to the extent provided herein,
their directors, officers, employees and controlling persons, and no other person shall
acquire or have any rights under or by virtue of this Agreement, including any rights
under the Contracts (Rights of Third Parties) Act 1999. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Time shall be of the essence in this
Agreement and neither party may assign any of its rights or obligations under this
Agreement to any other party. In making offers and sales of the Shares in the United
States, each Agent may use an affiliate that is a U.S. registered broker-dealer. In making
offers and sales of the Shares in South Africa, each Agent may procure the use of a local
agent, provided that such procurement shall not affect any liability of such Agent
hereunder. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Agreement shall be governed by
and construed in accordance with English law. In relation to any legal action or
proceedings arising out of or in connection with this Agreement (the
&#147;Proceedings&#148;), each of the Seller and the Parent irrevocably submits to the
jurisdiction of the courts of England and, except as set forth in the following paragraph
relating to each party&#146;s right to require submission to arbitration, waives any
objection to Proceedings in such courts whether on the grounds that the Proceedings have
been brought in an inconvenient forum or otherwise. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each party may require that any
controversy, claim or cause of action arising out of or relating to this Agreement be
settled by arbitration in accordance with the Rules of the London Court of International
Arbitration, which rules are deemed to be incorporated by reference into this Agreement.
The place of the arbitration shall be London, United Kingdom, and the language of the
arbitration shall be English. The number of arbitrators shall be three, each of whom shall
be disinterested in the dispute or controversy, shall have no connection with any party
thereto and shall be an attorney experienced in international securities transactions.
Each party shall nominate an arbitrator, and the arbitrators so nominated shall, in turn,
together nominate the chairman of the tribunal. If a dispute, controversy or cause of
action shall involve more than two parties, the parties thereto shall attempt to align
themselves in two sides (<I>i.e.</I>, claimant and respondent), each of which shall
appoint an arbitrator as if there were only two sides to such dispute, controversy or
cause of action. If such alignment and appointment shall not have occurred within 20
calendar days after the initiating party serves the arbitration demand or if a chairman
has not been selected within 30 calendar days of the selection of the second arbitrator,
the Arbitration Court of the London Court of International Arbitration shall appoint the
three arbitrators or the chairman, as the case may be. The parties and the Arbitration
Court may appoint arbitrators from among the nationals of any country, whether or not a
party is a national of that country. The arbitrators shall have no authority to award
punitive damages and may not, in any event, make any ruling, finding or award that does
not conform to the terms and conditions of this Agreement. Fees of the arbitration
(excluding each party&#146;s preparation, travel, attorneys&#146; fees and similar costs)
shall be borne in accordance with the decision of the arbitrators. The decision of the
arbitrators shall be final, binding and enforceable upon the parties and judgment upon any
award rendered by the arbitrators may be entered in any court having jurisdiction thereof.
In the event that the failure of a party to </FONT></P>

<!-- MARKER PAGE="sheet: 23; page: 23" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>comply with the decision of the arbitrators
requires any other party to apply to any court for enforcement of such award, the
non-complying party shall be liable to the other for all costs of such litigation,
including reasonable attorneys&#146; fees. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Seller and the Parent, jointly
and severally, represent and warrant that Maples and Calder (the &#147;Authorized Agent&#148;) have
agreed to act as agent for service of process for each of the Seller and the Parent.
Service of process upon the Authorized Agent and written notice of such service to the Seller or the
Parent shall be deemed, in every respect, effective service of process upon the Seller or
the Parent, as the case may be. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each party to this Agreement shall
bear its own costs and expenses in connection herewith. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The headings of provisions of this Agreement
are provided for convenience only and shall not affect its construction or interpretation. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Should any provision of this
Agreement be or become invalid either in whole or in part, the other provisions of this
Agreement shall remain in force. It is understood by the parties hereto that any invalid
provision shall be replaced by a valid provision which accomplishes as far as legally
possible the economic effects of the invalid provision. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each of the parties hereto
acknowledges that this Agreement contains the entire agreement between the parties with
respect to the Transaction and supersedes all prior agreements and understandings, oral or
written, with respect to such matters, provided, however, that Goldman Sachs, the Seller
and the Parent have separately entered into a Guarantee, dated 3 March 2006, between the
Parent and Goldman Sachs and a confirmation, dated 3 March 2006, to evidence the foreign
exchange transaction between the Seller and Goldman Sachs. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Agreement may be executed by any
one or more of the parties hereto in any number of counterparts, each of which shall be
deemed to be an original, but all such counterparts shall together constitute one and the
same instrument. </FONT></P>


<!-- MARKER PAGE="sheet: 15; page: 15" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Executed as an Agreement on 3 March
2006 by: </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>CITIGROUP GLOBAL MARKETS
LIMITED </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Darrall Uden </FONT> </TD>
     <TD WIDTH=60%>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><HR SIZE=1 NOSHADE></TD>
     <TD>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Name: Darrall Uden<BR>
Title: Authorized Signatory<BR>
Facsimile for Notices: +44 20 7986 1103<BR>
Attn: Darrall Uden
</FONT></TD>
     <TD>&nbsp;</TD>
</TR>
</TABLE>


<!-- MARKER PAGE="sheet: 16; page: 16" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Executed as an Agreement on 3 March
2006 by: </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>GOLDMAN SACHS
INTERNATIONAL </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Matthew Westerman </FONT></TD>
     <TD WIDTH=60%>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><HR SIZE=1 NOSHADE></TD>
     <TD>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Name: Matthew Westerman<BR>
Title: Managing Director, Goldman Sachs International<BR>
Facsimile for Notices: +44 20 7774 4477<BR>
Attn: IBD Legal
</FONT></TD>
</TR>
</TABLE>

<!-- MARKER PAGE="sheet: 17; page: 17" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Executed as an Agreement on 3 March
2006 by: </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>JENININGTON
INTERNATIONAL INC. </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Siegfried Pasqual </FONT></TD>
     <TD WIDTH=60%>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><HR SIZE=1 NOSHADE></TD>
     <TD>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Name: Siegfried Pasqual <BR>
Title: Director <BR>
Facsimile for Notices: + 41 (22) 810 17 19<BR>
Attn: Siegfried Pasqual, Director
</FONT></TD>
     <TD>&nbsp;</TD>
</TR>
</TABLE>


<!-- MARKER PAGE="sheet: 18; page: 18" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Executed as an Agreement on 3 March
2006 by: </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>ZAO POLUS </FONT></H1>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Yevgeni Ivanov </FONT></TD>
     <TD WIDTH=60%>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><HR SIZE=1 NOSHADE></TD>
     <TD>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Name: Yevgeni Ivanov<BR>
Title: President<BR>
Facsimile for Notices: +7 (495) 785 45 90<BR>
Attn: Yevgeni Ivanov, President
</FONT></TD>
     <TD>&nbsp;</TD>
</TR>
</TABLE>
<BR><BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:</FONT></TD>
     <TD WIDTH=35%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">/s/ Tatiana Rudskikh </FONT></TD>
     <TD WIDTH=60%>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><HR SIZE=1 NOSHADE></TD>
     <TD>&nbsp;</TD>
</TR>
<TR VALIGN=TOP>
     <TD>&nbsp;</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Name: Tatiana Rudskikh<BR>
Title: Chief Accountant
</FONT></TD>
     <TD>&nbsp;</TD>
</TR>
</TABLE>


<!-- MARKER PAGE="sheet: 19; page: 19" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Annex I: Conditions </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The respective obligations of the
Agents under this Agreement are subject to the conditions set forth below. The Agents,
acting together, may waive, in their sole discretion, any of these conditions by written
notice to each of the Seller and the Parent. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Accuracy of the Seller&#146;s and
the Parent&#146;s representations and warranties</U>. Each of the representations and
warranties of the Seller and the Parent in this Agreement shall have been correct when
given or made and shall remain correct in all material respects as if given and made at
the Closing Time. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>No material adverse change
involving the Issuer</U>. No material adverse change in the financial condition or results
of operations of the Issuer shall have occurred or been announced since the date of this
Agreement. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>No force majeure</U>. None of the
following events shall have occurred since the date of this Agreement: </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;
          a suspension or material limitation in trading of the Issuer&#146;s ordinary
          shares on the Johannesburg Stock Exchange, the London Stock Exchange or the New
          York Stock Exchange; </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;
          a general moratorium on commercial banking activities declared by the relevant
          authorities in the Republic of South Africa, the United Kingdom or the United
          States (the &#147;Relevant Countries&#148;) or a material disruption in
          commercial banking or securities settlement or clearance services in any of the
          Relevant Countries; </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;
          the outbreak or material escalation of hostilities or another emergency or
          crisis involving any of the Relevant Countries or the declaration by any of the
          Relevant Countries of a national emergency or war; or </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(D)&nbsp;&nbsp;&nbsp;&nbsp;
          the occurrence of any other calamity or crisis or any change in financial,
          political or economic conditions or currency exchange controls in any of the
          Relevant Countries<B> </B>or elsewhere, </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>provided that </I>the effect of
any such event specified in (C) or (D) in the reasonable judgment of the Agents, acting
together, after consultation with the Seller and the Parent, makes it impracticable or
inadvisable to proceed with the transactions contemplated by this Agreement. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Opinion of counsel</U>. The Agents
shall have received opinions as follows: </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(A)&nbsp;&nbsp;&nbsp;&nbsp;
          from Debevoise &amp; Plimpton LLP, Russian counsel for the Parent, an opinion,
          dated the Closing Time, in the form set forth in Schedule&nbsp;I hereto; </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;
          from the Parent&#146;s General Counsel, an opinion, dated the Closing Time, in
          the form set forth in Schedule&nbsp;II hereto; </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(C)&nbsp;&nbsp;&nbsp;&nbsp;
          from Maples and Calder, British Virgin Islands counsel for the Seller, an
          opinion, dated the Closing Time, in the form set forth in Schedule III hereto;
          and </FONT></P>

     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(D)&nbsp;&nbsp;&nbsp;&nbsp;
          from Sullivan &amp; Cromwell LLP, U.S. counsel for the Parent and the Seller, an
          opinion, dated the Closing Time, in the form set forth in Schedule IV hereto. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Agents, acting together, shall
notify the Seller three full business days prior to the Closing Time of the aggregate
number of Shares for which they have procured purchasers (the &#147;Purchased
Shares&#148;). In the event that the Seller shall have delivered fewer Shares than the
number of Purchased Shares at the Closing Time or any of the above conditions shall not
have been satisfied (or waived in writing), by or at the Closing Time, the Agents, acting
together, may in their sole discretion elect to terminate this Agreement in which case the
Agreement shall cease to have effect, <I>provided that, </I>if the Seller delivers fewer
Shares than the number of Purchased Shares at the Closing Time, the Agents shall also have
the option to effect the purchase of any number of such Shares as are delivered at the
agreed Purchase Price per Share, but such partial purchase shall not relieve the Seller
and the Parent from liability for their default with respect to the Shares not purchased. </FONT></P>

<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 24; page: 24" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indemnification </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Seller and the Parent, on the
basis of joint and several liability as described herein, agree to indemnify and hold
harmless each Agent against any losses, claims, damages, demands or liabilities to which
such Agent may become subject in so far as such losses, claims, damages or liabilities (or
actions in respect thereof) relate to or arise out of any of the representations and
warranties of the Seller being, or being alleged to be, untrue or misleading in any
respect. This indemnity shall not, however, apply to the extent that it is finally
judicially determined that such losses, claims, damages or liabilities resulted primarily
from the relevant Agent&#146;s negligence, willful default or bad faith. The Seller and
the Parent, on the basis of joint and several liability as described herein, agree to
reimburse each Agent as promptly as practicable for any duly itemized expenses (including
reasonable counsel&#146;s fees) reasonably incurred by such Agent in connection with
investigating or defending any such action or claim. The indemnification obligations of
the Seller and the Parent are in addition to any liability the Seller and the Parent may
otherwise have and shall extend, upon the same terms and conditions, to the directors,
officers, employees and controlling persons of each Agent. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If any action, suit, proceeding
(including any governmental or regulatory investigation), claim or demand
(&#147;Action&#148;) shall be brought or asserted against any person indemnified under
this Agreement in respect of which indemnity may be sought pursuant to this section (each,
an &#147;Indemnified Person&#148;), the Indemnified Person shall notify promptly the
person against whom such indemnity may be sought (the &#147;Indemnifying Person&#148;) in
writing. The omission to notify promptly the Indemnifying Person shall not relieve it from
any liability that it may have to any Indemnified Person, except to the extent that the
delayed notification or absence of notification has significantly impaired the
Indemnifying Person&#146;s ability to influence the outcome of the Action. Promptly upon
receipt of such notice from the Indemnified Person, the Indemnifying Person may retain
legal advisers reasonably satisfactory to the Indemnified Person to represent the
Indemnified Person and may assume the defense of such Action and will bear the costs and
expenses incurred in connection with such Action. In any Action for which the Indemnifying
Person has assumed the defense and retained legal advisers, any Indemnified Person shall
have the right to retain its own legal advisers, but the fees and expenses of such legal
advisers shall be the liability of such Indemnified Person, unless any of the following
circumstances occur in which case they shall be the liability of the Indemnifying Person:
(i) the Indemnifying Person has failed within a reasonable time to retain legal advisers
reasonably satisfactory to the Indemnified Person; (ii) the parties in any such Action
include both the Indemnifying Person and the Indemnified Person and representation of both
parties by the same legal advisers would be inappropriate due to actually or potentially
differing interests between them; or (iii) the Indemnified Person could raise defenses in
the Action that are not available to the Indemnifying Person. The Indemnifying Person
shall not, in connection with any Action or related action in the same jurisdiction, be
liable (except as mentioned above) for the fees and expenses of more than one separate
firm of legal advisers (in addition to any local legal advisers) for all Indemnified
Persons, and all reasonable fees and expenses shall be reimbursed as they are incurred.
Unless an Indemnifying Person shall have failed to assume the defense of an Action as
provided in this paragraph, an Indemnified Person shall not settle any Action without the
consent of the Indemnifying Person, such consent not to be unreasonably withheld. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The foregoing indemnities shall
remain unaffected by any termination of this Agreement or the completion of the
Transaction, to the extent such indemnities arise out of any of the representations and
warranties being, or being alleged to be, untrue or misleading in any respect at the time
such representations and warranties are given. </FONT></P>


<!-- MARKER PAGE="sheet: 20; page: 20" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Annex II:
Representations and Warranties of the Seller and the Parent </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Seller and the Parent, jointly
and severally, represent and warrant to, and agree with, each Agent that: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>This is a valid and binding
agreement</U>. This Agreement has been duly authorized, executed and delivered by each of
the Seller and the Parent and, assuming due authorization, execution and delivery by each
Agent, constitutes a valid and legally binding agreement of each of the Seller and the
Parent. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Seller and the Parent are
wholly-owned subsidiaries of Norilsk</U>. As of the date hereof, the Seller is a
wholly-owned subsidiary of the Parent and the Parent is a wholly-owned subsidiary of
Norilsk. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Shares represent the entire
holding of the Seller in the Issuer</U>. The Shares represent the Seller&#146;s and the
Parent&#146;s entire direct and indirect stake in the Issuer. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Each of the Seller and the Parent
has all necessary approvals to sell the Shares</U>. All consents, orders, approvals and
other authorizations, whether governmental or corporate, necessary for the execution,
delivery and performance by each of the Seller and the Parent of this Agreement and the
transactions contemplated hereby have been obtained or made and are in full force and
effect. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The sale does not conflict with
the Seller&#146;s and the Parent&#146;s other agreements or applicable laws</U>. The
compliance by each of the Seller and the Parent with all of the provisions of this
Agreement will not conflict with, result in a breach or violation of, or constitute a
default under: (A) any material agreement or instrument to which the Seller or the Parent,
as the case may be, is a party or by which it or any of its properties or assets is bound;
or (B) any statute, rule or regulation applicable to, or any order of any court or
governmental agency with jurisdiction over, the Seller, its assets or its properties. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Seller will transfer good and
valid title to the Shares</U>. The Seller has good and valid title to the Shares, free and
clear of liens, encumbrances, equities or claims; and upon delivery of the Shares to
purchasers procured by the Agents against payment pursuant to this Agreement and upon the
entry of the relevant purchasers or of financial intermediaries representing such
purchasers as members in the Issuer&#146;s register of members, good and valid title to
the Shares, free and clear of liens, encumbrances, equities or claims, will pass to the
relevant purchasers. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Neither the Seller nor the Parent
has manipulated the price of any of the Issuer&#146;s securities</U>. None of the Seller,
the Parent or anyone acting on their respective behalf has made or will make bids for, or
purchases of, any security (A) for the purpose of creating actual or apparent trading in,
or of raising the price of, the ordinary shares of the Issuer or (B) which are designed to
cause, have caused, or might reasonably be expected to cause, manipulation of the price of
any security of the Issuer. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Neither the Seller nor the Parent
is violating insider trading or market abuse laws</U>. Neither the Seller nor the Parent
has any non-public information concerning the Issuer that is material or price-sensitive,
and the sale of the Shares hereunder will not constitute a violation by the Seller of Part
V of the U.K. Criminal Justice Act 1993, Rule 10b-5 under the U.S. Securities Exchange Act
of 1934, as amended, or any other applicable law prohibiting &#147;insider dealing&#148;
in securities. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Use of proceeds.</U> The Seller
and the Parent intend to use the proceeds of the transaction contemplated by this
Agreement for general corporate and commercial purposes. None of the Seller, the Parent or
any of their respective affiliates have knowledge that it or they, or anyone acting on its
or their behalf, in connection with the Transaction, has violated or breached the U.S.
Foreign Corrupt Practices Act of 1977, as amended, or the OECD Convention on Bribery of
Foreign Public Officials in International Business Transactions or any similar law or
regulation and none of the Seller, the Parent or any of their respective affiliates will
use any proceeds it receives from the sale of the Shares to fund any operations or finance
any investments in, or make any payments to, any country or person targeted by any of the
economic sanctions of the United States administered by the United States Treasury
Department&#146;s Office of Foreign Assets Controls (&#147;OFAC&#148;). </FONT></P>

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<!-- MARKER PAGE="sheet: 25; page: 25" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>No action taken that would require
registration in the United States</U>. None of the Seller, the Parent or any of their
respective affiliates or any person acting on their respective behalf or to the
Seller&#146;s and the Parent&#146;s knowledge any other person has engaged or will engage
in &#147;directed selling efforts&#148; or any form of &#147;general solicitation&#148; or
&#147;general advertising&#148; (as those terms are defined in Regulation S and Regulation
D, respectively, under the U.S. Securities Act of 1933, as amended (the &#147;Securities
Act&#148;)), with respect to the Shares or has made or will make offers or sales of any
security, or has solicited or will solicit offers to buy any security, or has taken or
will take any other action, under circumstances that would require the registration under
the Securities Act of the sales of the Shares contemplated by this Agreement. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Issuer&#146;s ADR program</U>.
The Seller agrees to notify the Depositary for the Issuer&#146;s ADRs of the transactions
contemplated by this Agreement and to request the Depositary to put in place appropriate
procedures to ensure that from the Closing Date to the day 40 days after such date, each
person, as a condition for depositing shares of the Issuer into the ADR facility, will be
required to complete a certification reasonably designed to ensure that such deposit will
not result in the Transaction requiring registration under the Securities Act. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Acquisition of the Issuer&#146;s
Shares</U>. As far as the Seller and the Parent are aware, having made reasonable
inquiries, in relation to the purchase by Norimet Ltd. of the Shares on 5 April 2004 (a)
there are no outstanding investigations, proceedings or other matters of which a potential
purchaser of the Shares would reasonably require notice and (b) all required legal,
governmental, regulatory or other approvals have been obtained and maintained by Norimet
Ltd. (or any other entity within the Norilsk group) in relation to the purchase by Norimet
Ltd. of the Shares on 5 April 2004. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Seller and the Parent, jointly
and severally, undertake to immediately notify each Purchaser in writing at or prior to
the Closing Time if they become aware that any of its representations or warranties was
not correct when made or ceases to be correct prior to the Closing Time. </FONT></P>


<!-- MARKER PAGE="sheet: 21; page: 21" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Annex III:
Representations and Warranties of the Agents </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Selling restrictions</U>. Each
Agent acknowledges and agrees with each of the Seller and the Parent that (1)&nbsp;the
Shares have not been registered under the Securities Act and may not be offered, sold or
delivered within the United States or to, or for the account or benefit of, U.S. persons
except pursuant to a transaction exempt from the registration requirements of the
Securities Act and (2)&nbsp;the Shares do not meet the conditions for resale in accordance
with Rule 144A under the Securities Act. Each Agent represents, warrants and undertakes
that neither it nor its affiliates nor any person acting on their respective behalf
(1)&nbsp;has engaged or will engage in any &#147;directed selling efforts&#148; or any
form of &#147;general solicitation&#148; or &#147;general advertising&#148; (as those
terms are defined in Regulation S and Regulation D under the Securities Act) with respect
to the Shares and (2)&nbsp;has or will, directly or indirectly, offered or sold the Shares
in the United States or to U.S. persons, except such persons whom it reasonably believes
to be qualified institutional buyers within the meaning of Rule 144A under the Securities
Act. Each Agent further agrees that it and its affiliates will offer, sell and deliver the
Shares only in accordance with (1)&nbsp;Regulation S, (2)&nbsp;pursuant to an exemption
from registration under the Securities Act to persons that, prior to purchasing any
Shares, execute an investment letter in the form of Annex&nbsp;III-A. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each Agent represents, warrants and
agrees that: </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               it has only communicated and caused to be communicated and will only communicate
               or cause to be communicated any invitation or inducement to engage in investment
               activity (within the meaning of Section 21 of the Financial Services and Markets
               Act 2000 (&#147;FSMA&#148;)) received by it in connection with the issue or sale
               of any Shares in circumstances in which Section 21(1) of the FSMA does not apply
               to the Issuer; and </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               it has complied and will comply with all applicable provisions of the FSMA with
               respect to anything done by it in relation to the Shares in, from or otherwise
               involving the United Kingdom. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In relation to each member state of
the European Economic Area that has implemented the Prospectus Directive (each, a
&#147;Relevant Member State&#148;), each Agent represents and agrees that with effect from
and including the date on which the Prospectus Directive is implemented in that Relevant
Member State (the &#147;Relevant Implementation Date&#148;) it has not made and will not
make an offer of Shares to the public in that Relevant Member State, except that it may,
with effect from and including the Relevant Implementation Date, make an offer of Shares
to the public in that Relevant Member State at any time: </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               to legal entities which are authorized or regulated to operate in the financial
               markets or, if not so authorized or regulated, whose corporate purpose is solely
               to invest in securities; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               to any legal entity which has two or more of (1) an average of at least 250
               employees during the last financial year; (2) a total balance sheet of more than
               &#128;43,000,000 and (3) an annual net turnover of more than &#128;50,000,000,
               as shown in its last annual or consolidated accounts; or </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               in any other circumstances which do not require the publication by the Issuer of
               a prospectus pursuant to Article 3 of the Prospectus Directive. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the purposes of this provision,
the expression an &#147;offer of Shares to the public&#148; in relation to any Shares in
any Relevant Member State means the communication in any form and by any means of
sufficient information on the terms of the offer and the Shares to be offered so as to
enable an investor to decide to purchase or subscribe the Shares, as the same may be
varied in that member state by any measure implementing the Prospectus Directive in that
member state and the expression &#147;Prospectus Directive&#148; means Directive
2003/71/EC and includes any relevant implementing measure in each Relevant Member State. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Accuracy of the Agents&#146;
representations and warranties</U>. Each Agent represents and warrants to each of the
Seller and the Parent that the representations and warranties of such Agent in this
Agreement shall have been correct when given or made and shall remain correct in all
material respects as if given and made at the Closing Time. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Agents have complied and will
comply with all applicable laws and regulations</U>. Each Agent represents and warrants to
each of the Seller and the Parent that it and each of its affiliates has complied and will
comply with all applicable laws and regulations in each jurisdiction in which it offers,
sells or delivers Shares or has in its possession. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>This Agreement is a valid and
binding agreement of the Agents</U>. Each Agent represents and warrants to each of the
Seller and the Parent that this Agreement has been duly authorized, executed and delivered
by such Agent and, assuming due authorization, execution and delivery by the Seller and
the Parent, constitutes a valid and legally binding agreement of such Agent. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Agents have all necessary
approvals</U>. Each Agent represents and warrants to each of the Seller and the Parent
that all consents, orders, approvals and other authorizations, whether governmental,
corporate or other, necessary for the execution, delivery and performance by such Agent of
this Agreement and the transactions contemplated hereby have been obtained or made and are
in full force and effect. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Agents have not manipulated
the price of any of the Issuer&#146;s securities</U>. Each Agent represents and warrants
to each of the Seller and the Parent that neither it nor anyone acting on its behalf has
made or will make bids for, or purchases of, any security (A) for the purpose of creating
actual or apparent trading in, or of raising the price of, any security of the Issuer or
(B) which are designed to cause, have caused, or might reasonably be expected to cause,
manipulation of the price of any security of the Issuer. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The Agents are not violating
insider trading or market abuse laws.</U> Each Agent represents and warrants to each of
the Seller and the Parent that the sale of the Shares hereunder will not constitute a
violation by such Agent of Part V of the U.K. Criminal Justice Act 1993, Rule 10b-5 under
the U.S. Securities Exchange Act of 1934, as amended, or any other applicable law
prohibiting &#147;insider dealing&#148; in securities. </FONT></P>

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