FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of May 2006
Commission File Number 1-31318

Gold Fields Limited

(Translation of registrant's name into English)

24 St. Andrews Rd.

Parktown, 2193

South Africa

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.

Form 20-F..x... Form 40-F.....

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ________

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ________

Indicate by check mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ..... No ..x...

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________

Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123

DEALING IN SECURITIES BY A DIRECTOR

In compliance with paragraph 3.63 of the Listings Requirements of JSE Limited
(“the Listings Requirements”) we hereby advise that for financial planning
purposes Mr. I D Cockerill has sold shares pursuant to the exercise of options
which has been issued to him. Details of these transactions are set out below:

A.    Nature of Transaction

: Sale pursuant to the exercise of options

Transaction Date

: 12 May 2006

Number of Shares

:

70,000

Class of Security

: Ordinary shares

Average Price per
Share

: R 161.9355

Total Value

: R11 335 485.00

Option Strike Price

: 70 000 options at a strike price of R20.90

Option Strike Date

: 1 October 1999

Vesting Periods

: A third of the total share option grant vests upon

the second anniversary of the grant date and a
further third of the total option grant vests
annually on future anniversaries of the grant
date and share options expire no later than 7
years from the grant date.

Nature of Interest

: Directly beneficial

In terms of paragraph 3.66 of the Listings requirements prior clearance for Mr. I D
Cockerill to deal in the above securities has been obtained from the Chairman of
the Board of Gold Fields Limited.

12 May 2006
Sponsor:
JP Morgan Equities Limited

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

Date: 23 May 2006

GOLD FIELDS LIMITED

By:

Name: Mr W J Jacobsz
Title:Senior Vice President: Investor

Relations and Corporate Affairs