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 Date: 08/05/2014 09:59:00 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.