SIBANYE GOLD LIMITED - Exchange of mining right portions between Sibanye Gold and Harmony

Exchange of mining right portions between Sibanye Gold and Harmony

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”)

Exchange of mining right portions between Sibanye Gold and
Harmony

Westonaria, 8 November 2013:   Sibanye Gold (JSE: SGL & NYSE:
SBGL) wishes to inform shareholders that it has entered into
an agreement with Harmony Gold Mining Company Limited
(“Harmony”) for the exchange and sale of certain mining right
portions of its Beatrix Operations in the Southern Free State
for certain mining right portions of Harmony’s Joel Operation
(the “Transaction”).

In terms of the Transaction, Sibanye Gold will exchange two
mining right portions at its Beatrix Operation, which are not
included in its current Life of Mine (LOM) profile, for two
mining right portions at Harmony’s Joel Operation, which will
be more readily accessible from the Beatrix North and South
Sections. The Company will also sell a further two mining
right portions at its Beatrix Operation to Harmony for a
royalty of 3% of net revenue derived from underground mining
from these portions.

The Transaction will create value for both companies by
allowing the early and optimal extraction of resources
currently not in their respective LOM plans. By utilising
available capacity at existing and adjacent infrastructure,
the cost of extracting these resources will be lower and the
operating lives of the shafts will be extended, facilitating
job creation in the region.

Neal Froneman, CEO of Sibanye Gold, commenting on the
Transaction said: “Much has been said in the past about the
potential to unlock value in the South African Gold Industry
by breaking down the farm fences and I believe that there
remains significant potential to create meaningful value for
shareholders through similar transactions in future.”

The Transaction is below the JSE transaction thresholds and is
for information purposes only.

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 Proprietary Limited

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