SIBANYE GOLD LIMITED - Sibanye Gold announces the closing of the acquisition of Gold One International Limiteds West Rand Operations

Sibanye Gold announces the closing of the acquisition of Gold One International Limited’s West Rand 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 Gold” or “the Company”)


SIBANYE GOLD ANNOUNCES THE CLOSING OF THE ACQUISITION OF GOLD ONE
INTERNATIONAL LIMITED’S (“GOLD ONE”) WEST RAND OPERATIONS (“COOKE
                            OPERATIONS”)



Sibanye Gold is pleased to announce that all conditions precedent to the acquisition of
Gold One’s 74% shareholding in, and the Gold One Group claims against, Newshelf
1114 Proprietary Limited (“Newshelf”) (the “Proposed Transaction”) have been fulfilled.
The Proposed Transaction was accordingly declared unconditional today and is
expected to be implemented on or about 20 May 2014 (“the Delivery Date”).

Newshelf holds a 100% shareholding in Rand Uranium Proprietary Limited and Ezulwini
Mining Company Proprietary Limited, the activities of which companies include the
Cooke underground and surface operations. Sibanye Gold assumed interim
management control of the Cooke Operations from 1 March 2014.

On the Delivery Date, Sibanye Gold will issue 156 894 754 new Sibanye Gold ordinary
shares, which represents 17% of Sibanye Gold’s issued share capital, on a fully diluted
basis as consideration to Gold One.

In terms of the Proposed Transaction the board of directors of Sibanye Gold ("the
board") welcomes the appointment of the following members to the board with effect
from the Delivery Date:

   -     Robert T.L Chan
   -     Christopher Chadwick


08 May 2014


       Corporate advisor               Sponsor                 South African Legal
                                                                    Advisor


  Qinisele Resources (Pty)       J.P. Morgan Equities             Edward Nathan
           Limited               South Africa (Pty) Ltd            Sonnenbergs
US Legal Counsel

  Linklaters LLP

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