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SIBANYE GOLD LIMITED - Notice of Apparent Breach in Terms of Cooke Acquisition Set Aside

Release Date: 20/04/2015 10:09
Code(s): SGL     PDF:  
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Notice of Apparent Breach in Terms of Cooke Acquisition Set Aside

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”, “Sibanye” or “the Company”)

Notice of Apparent Breach in Terms of Cooke Acquisition Set Aside


Westonaria, 20 April 2015: Sibanye (JSE: SGL & NYSE: SBGL) is pleased to report that the Competition
Tribunal has ordered that the Notice of Apparent Breach (the Notice) issued against Sibanye by the
Competition Commission on 11 November 2014 be set aside.

Sibanye announced on 2 February 2015, that it had successfully completed the Cooke 4 Section 189
consultation process after reaching agreement with employees and organised labour. This ruling, in
favour of Sibanye, supports its position that it had complied with its obligations regarding the acquisition
of the Cooke assets and the conditions imposed by the Competition Tribunal.

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

FORWARD LOOKING STATEMENTS
Certain statements in this document constitute “forward looking statements” within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934.

These forward-looking statements, including, among others, those relating to Sibanye’s future business
prospects, revenues and income, wherever they may occur in this document and the exhibits to this
document, are necessarily estimates reflecting the best judgment of the senior management of Sibanye
and involve a number of known and unknown risks and uncertainties that could cause actual results,
performance or achievements of the Group to differ materially from those suggested by the forward-
looking statements. As a consequence, these forward looking statements should be considered in light
of various important factors, including those set forth in this document. Important factors that could
cause the actual results to differ materially from estimates or projections contained in the forward
looking statements include without limitation: economic, business, political and social conditions in
South Africa and elsewhere; changes in assumptions underlying Sibanye’s estimation of its current
mineral reserves and resources; the ability to achieve anticipated efficiencies and other cost savings in
connection with past and future acquisitions as well as existing operations; the success of exploration
and development activities; changes in the market price of gold and/or uranium; the occurrence of
hazards associated with underground and surface gold and uranium mining; the occurrence of labour
disruptions and industrial action; the availability, terms and deployment of capital or credit; changes in
government regulations, particularly environmental regulations and new legislation affecting water,
mining and mineral rights; the outcome and consequence of any potential or pending litigation or
regulatory proceedings or other environmental, health and safety issues; power disruptions and cost
increases; fluctuations in exchange rates, currency devaluations, inflation and other macro-economic
factors; the occurrence of temporary stoppages of mines for safety incidents and unplanned
maintenance reasons; Sibanye’s ability to hire and retain senior management or sufficient technically
skilled employees, as well as its ability to attract sufficient historically disadvantaged South Africans
representation in its management positions; failure of Sibanye’s information technology and
communications systems; the adequacy of Sibanye’s insurance coverage; any social unrest, sickness or
natural or man-made disaster at informal settlements in the vicinity of some of Sibanye’s operations;
and the impact of HIV, tuberculosis and other contagious diseases. These forward looking statements
speak only as of the date of this document.

The Group undertakes no obligation to update publicly or release any revisions to these forward looking
statements to reflect events or circumstances after the date of this document or to reflect the
occurrence of unanticipated events.

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