Common use of Ownership of Material Group Companies Clause in Contracts

Ownership of Material Group Companies. (a) Each existing Material Group Company on the date of this Agreement (other than the Cerro Corona Subsidiary, Newshelf and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the date of this Agreement will be a wholly or partially owned subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company. (b) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) Limited. (c) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of Newshelf. (d) Newshelf holds at least seventy-four per cent. (74%) of the issued share capital of each of Gold Fields Operations Limited and GFI Joint Venture Holdings (Proprietary) Limited. (e) The Parent indirectly holds at least ninety per cent. (90%) of the issued share capital of each Ghanaian Company. (f) The Parent indirectly holds at least ninety-nine per cent. (99%) of the common shares in the share capital of the Cerro Corona Subsidiary (which equates to ninety-eight point five per cent. (98.5%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).

Ownership of Material Group Companies. (a) Each existing Material Group Company on the date of this Agreement (other than the Cerro Corona Subsidiary, Newshelf 899 (Proprietary) Limited and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the date of this Agreement will be a wholly or partially owned subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company. (b) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) Limited. (c) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of NewshelfNewshelf 899 (Proprietary) Limited. (d) Newshelf 899 (Proprietary) Limited holds at least seventy-four per cent. (74%) of the issued share capital of each of Gold Fields Operations Limited and GFI Joint Venture Holdings (Proprietary) Limited. (e) The Parent indirectly holds at least ninety seventy one point one per cent. (9071.1%) of the issued share capital of each Ghanaian Company. (f) The Parent indirectly holds at least ninety-nine ninety two per cent. (9992%) of the common voting shares in the share capital of the Cerro Corona Subsidiary (which equates to ninety-eight eighty point five seven per cent. (98.580.7%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).

Ownership of Material Group Companies. (a) Each existing Material Group Company on the date of this Agreement (other than the Cerro Corona Subsidiary, Newshelf and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the date of this Agreement will be a wholly or partially owned subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company. (b) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) LimitedNewshelf. (c) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of Newshelf. (d) Newshelf holds at least seventy-four per cent. (74%) of the issued share capital of each of Gold Fields Operations Limited and GFI Joint Venture Holdings (Proprietary) Proprietary Limited. (ed) The Parent indirectly holds at least ninety per cent. (90%) of the issued share capital of each Ghanaian Company. (fe) The Parent indirectly holds at least ninety-nine per cent. (99%) of the common shares in the share capital of the Cerro Corona Subsidiary (which equates to ninety-eight point five per cent. (98.5%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).

Ownership of Material Group Companies. (a) Each existing Material Group Company on the date of this Agreement (other than the Cerro Corona Subsidiary, Newshelf and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the date of this Agreement will be a wholly or partially owned subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company. . Table of Contents (b) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) Limited. (c) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of Newshelf. (dc) Newshelf holds at least seventy-four per cent. (74%) of the issued share capital of each of Gold Fields Operations Limited and GFI Joint Venture Holdings (Proprietary) Proprietary Limited. (ed) The Parent indirectly holds at least ninety per cent. (90%) of the issued share capital of each Ghanaian Company. (fe) The Parent indirectly holds at least ninety-nine per cent. (99%) of the common shares in the share capital of the Cerro Corona Subsidiary (which equates to ninety-eight point five per cent. (98.5%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).