SIBANYE GOLD LIMITED - Dealings in securities

Dealings in securities

Sibanye Gold Limited
(Reg. No. 2002/031431/06)
(Incorporated in the Republic of South Africa)
(“Sibanye Gold” or “the Company”)
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL

DEALING IN SECURITIES

Westonaria, 14 March 2017. In compliance with paragraphs 3.63 to
3.74 of the Listings Requirements of JSE Limited ("the Listings
Requirements") we hereby advise that Mr C Farrel has accepted
Performance and Bonus Shares granted on 1 March 2017 (“the Grant
Date”), in terms of the Sibanye Gold 2013 Share Plan as set out
below.

The award is subject to the application of a performance
condition on vesting that will range from 0 to 100%.         The
performance condition is 70% based on Sibanye’s total return to
shareholders over the 3 year vesting period compared to a peer
group comprised of eight comparable South African listed mining
companies and 30% based on the extent to which Sibanye’s return
on capital employed has exceeded the company’s cost of capital.
In addition, 20% of the vesting is subject to forfeiture in the
event of material and significant environmental, social or
governance malpractice over the vesting period at the discretion
of the Remuneration Committee.

Bonus Shares are linked to the annual bonus whereby the
equivalent of two-thirds of the cash bonus is granted in Bonus
Shares. Both grants were made at the 3 day VWAP prior to grant
date of R27.4834.

Details of the transaction are   set out below:
Name                             C Farrel
Position                         Company Secretary
Company                          Sibanye Gold Limited
No   of  Performance   Shares    164 376
granted
No of Bonus Shares granted       11 448
Deemed value of Bonus Shares     R314 629.96
granted
Performance Share and Bonus      Nil
Share strike price
Date of acceptance of grant      13 March 2017
Class of underlying security     Ordinary shares
to which rights attach
Nature of transaction            Off market acceptance of Performance
                                 Shares and Bonus Shares
Vesting Period                   The Performance Shares vest on the
                                 third anniversary of the Grant Date
                                 and the Bonus Shares vest in equal
                                 parts on 9 months and 18 months of
                                 the Grant Date
Nature of interest               Direct and Beneficial
In terms of paragraph 3.66 of the Listings requirements the
necessary clearance to deal in the above securities has been
obtained.

ENDS

Contact

James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za

Sponsor
Sponsor: J.P. Morgan Equities South Africa Proprietary Ltd

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