SIBANYE GOLD LIMITED - Results of the general meeting - Acquisition of the Rustenburg Operations

Results of the general meeting - Acquisition of the Rustenburg Operations

SIBANYE GOLD LIMITED
(Reg. No. 2002/031431/06)
(Incorporated in the Republic of South Africa)
Share Code: SGL
ISIN Code: ZAE000173951
Issuer Code: SGL
(“Sibanye” or “the Company”)

RESULTS OF THE GENERAL MEETING – ACQUISITION OF THE RUSTENBURG
OPERATIONS


Sibanye shareholders are referred to the announcement, regarding the posting of the
circular ("Circular") incorporating the notice of general meeting (“General Meeting”) released
on the stock exchange news service on 15 December 2015 and containing the details of the
acquisition of the Bathopele, Siphumelele (incl. Khomanani), and Thembelani (incl.
Khuseleka) mining operations, two concentrating plants, an onsite chrome recovery plant,
the Western Limb Tailings Retreatment Plant, associated surface infrastructure and related
assets and liabilities on a going concern basis including normalised levels of working capital
(‘the Rustenburg Operations”) from Rustenburg Platinum Mines Limited (“the Transaction”).

Sibanye is pleased to report that all resolutions set out in the Circular to give effect to the
Transaction were passed by the requisite majority at the Company's General Meeting held at
Sibanye Gold Academy, Glenharvie at 09:00 today, Monday, 18 January 2016.

The number of shares voted in person or by proxy was 790,515,683, representing 86.29% of
the total issued share capital of the same class of Sibanye shares. The resolutions proposed
at the General Meeting, together with the percentage of shares abstained, as well as the
percentage of votes for and against each resolution, are set out below:

Special                     Shares voted      Shares voted        Number of           Shares
                            for:              against:            shares voted        abstained:
resolution


1. Approval for the         681 164 496       77 055 184          758 219 680         4 428 988
allotment and issue of
Sibanye Shares,
including in particular
                            % of shares       % of shares         % of total issued   % of total
but not limited to the
                            voted             voted               shares              issued shares
Consideration Shares,
as required by and in       89.837%           10.163%             100.00%             0.483%
terms of section 41(3) of
the Companies Act




Ordinary                    Shares voted      Shares voted        Number of           Shares
resolutions                   for:             against:             shares voted        abstained:

1. Approval of the            757 687 732      516 272              758 204 004         4 444 664
Transaction as a
Category 1 transaction
as required by and in
                              % of shares      % of shares          % of total issued   % of total
terms of the JSE
                              voted            voted                shares              issued shares
Listings Requirements
                              99,932%          0,068%               100.00%             0,485%

2. Specific approval and      757 652 776      564 768              758 217 544         4 431 124
authority granted to the
Board to allot and issue      % of shares      % of shares          % of total shares   % of total
from the current and/or       voted            voted                                    issued shares
any future authorised
                              99.926%          0.074%               100.00%             0,484%
but unissued Sibanye
Shares         (i)      the
Consideration Shares to
RPM; and/or (ii) Sibanye
Shares      to      various
investors       for     the
purpose of generating
cash for the payment of
the Purchase Price or
any portion thereof.



The implementation of the Transaction is still subject to, amongst others, the fulfilment of the
following conditions precedent:

       -   The approval on or before 30 June 2017 of the Transaction by the competition
           authorities of the Republic of South Africa; and
       -   On or before 30 June 2017 the granting of consent in terms of section 11 of the
           MPRDA for the sale of the Mining Right and the Prospecting Right to the Purchaser
           pursuant to the Transaction.

Sibanye Shareholders will be notified once the all the outstanding conditions precedent as
set out in the Circular have been fulfilled and the transaction implemented.



18 January 2016

Libanon



Contact

James Wellsted

SVP Investor Relations
Sibanye Gold Limited

+27 83 453 4014

james.wellsted@sibanyegold.co.za



Sponsor

J.P. Morgan Equities South Africa Proprietary Limited

Date: 18/01/2016 11:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.