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SIBANYE GOLD LIMITED - US$350 million Revolving Credit Facility

Release Date: 31/08/2015 10:45
Code(s): SGL     PDF:  
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US$350 million Revolving Credit Facility

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”)


US$350 million Revolving Credit Facility


31 August 2015

Sibanye Gold Limited (“Sibanye”, the “Company”) is pleased to announce the successful conclusion
of a US$350,000,000 revolving credit facility which was concluded on 20th August 2015.

Bank of America Merrill Lynch and HSBC acted as Bookrunners, Joint Coordinators and Mandated
Lead Arrangers, with Bank of America Merrill Lynch acting as Facility Agent and HSBC acting as
Documentation Agent for the Facility.

Details of the facility are as follows:

Borrower:           Sibanye Gold Limited
Facility Amount:    US$300,000,000 Revolving Credit Facility with US$50,000,000 accordion option
Purpose:            Working capital and general corporate purposes
Tenor:              3 years
Margin:             LIBOR plus 2.0 per cent. per annum


“This is a considerable vote of confidence in the prospects for Sibanye Gold by a number of leading
global financial institutions,” said Charl Keyter, Chief Financial Officer of Sibanye Gold “The facility
has been secured for general corporate purposes and in addition to our existing R4.5 billion facility,
will provide significant financial flexibility for the company”.

Mandated Lead Arrangers
Bank of America Merrill Lynch International Limited, Credit Suisse, HSBC Bank plc


Lead Arrangers
Bank of Montreal, Citi, Goldman Sachs Bank USA, J.P. Morgan Limited, Nedbank CIB, RBC Capital
Markets

About Sibanye

Sibanye is an independent, South African-domiciled mining group, which currently owns and
operates four underground and surface gold operations – the Cooke, Driefontein and Kloof
operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State
province. In addition to its mining activities, the Group owns and manages significant extraction and
processing facilities at the operations where the gold-bearing ore is treated and processed before it
is refined. The Group has a number of organic projects including the West Rand Tailings Retreatment
Project (WRTRP) on the Far West Rand and the Burnstone project on the South Rand of Gauteng
province, as well as the Beisa North, Beisa South, Bloemhoek, De Bron-Merriespruit, Hakkies and
Robijn projects in the Free State.

Sibanye is the largest individual producer of gold from South Africa and is one of the world’s 10
largest gold producers. In 2014, the Group produced 49,432kg (2013: 44,474kg) or 1.59Moz (2013:
1.43Moz) of gold at an All-in cost of R375,854/kg (2013: R354,376/kg) or US$1,080/oz (2013:
US$1,148/oz) and invested R3.3 billion (2013: R2.9 billion) in capital at its operations.

In 2014, in line with the Company’s strategy to create value by extending the operating lives of
Group assets and in support of our dividend yield strategy, Sibanye assumed control of the Cooke
underground and surface operations from Gold One International Limited; concluded the acquisition
of Witwatersrand Consolidated Gold Resources Limited (Wits Gold), a JSE and Toronto Stock
Exchange listed gold and uranium exploration company with significant gold resources in South
Africa; and exercised the option held by Wits Gold to acquire the Burnstone gold mine from the
previous owner, Great Basin Gold Limited.

At December 2014, Sibanye held gold Reserves of 28.4 Moz, (2013: 32.7 Moz restated) and uranium
Reserves of 102.5 Mlb (2013: 102.827 Mlb restated).

Sibanye is listed on the JSE Limited in South Africa (primary listing) and the New York Stock Exchange
(NYSE), with a current market cap of USD 1.5bn.

For any further enquiries, please contact:



David Pepper
Managing Director
Head of CEEMEA Loan Capital Markets
Tel: +44 20 7996 1224
david.pepper@baml.com


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

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