SIBANYE GOLD LIMITED - Sibanye Gold Concludes Two Year Wage Agreement

Sibanye Gold Concludes Two Year Wage Agreement

Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold” or “the Company”)


Sibanye Gold Concludes Two Year Wage Agreement


Westonaria, 11 September 2013: Sibanye Gold (JSE: SGL & NYSE:
SBGL) advises stakeholders that it has concluded a two year wage
agreement with the National Union of Mineworkers (“the NUM”)
Solidarity and the United Association of South Africa (“UASA”)
(collectively “the Unions”). The agreement, which applies to all
employees, officially brings the strike, which began on the night
shift on Tuesday 3 September 2013, to an end. Normal operations
at Kloof resumed on the night shift on Thursday 5 September and
at Beatrix on the night shift on Friday 6 September 2013.

The details are as follows:
   - Category 4 and 5 employees, including Rock Drill Operators
     will receive an 8% increase in basic wage effective from 1
     July 2013, with a further CPI plus 1% or minimum of 7%
     increase, effective 1 July 2014;
   - Category 6 to 8 employees, Miners and Artisans and Officials
     will receive a 7.5% increase in basic wage, effective from 1
     July 2013, with a further CPI plus 0.5% or minimum of 6.5%
     increase, effective 1 July 2014;
   - The current living out allowance will increase from R1,640
     per month to R2,000 per month in equal R180 per month
     increments on 1 July 2013 and 1 July 2014.

In addition, the parties also agreed to:
   - Appoint an expert to investigate and report on job
     organisation and design in the industry;
   - Continue initiatives from the Sindisa Project, mainly
     involving enhancing working patterns and shift arrangements
     at company or mine level;
   - Work together to develop solutions to garnishee orders and
     other aspects of employees personal financial management,
     which have impacted the industry and its employees.

Neal Froneman, Chief Executive Officer, said: “We are pleased
that we have reached a two year agreement with the Unions in a
relatively short period and at close to inflation increases. We
are also pleased with the further commitment to exploring
initiatives which will contribute to improved utalization of our
assets and enhancing productivity”.

ENDS
Contact

James Wellsted
Head of Corporate Affairs
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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