SIBANYE GOLD LIMITED - Mining Charter

Mining Charter

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”)

REVISED DRAFT MINING CHARTER RELEASED BY DEPARTMENT OF MINERAL
RESOURCES
Westonaria, 18 April 2016: Sibanye (JSE: SGL AND NYSE: SBGL)
refers shareholders to the statement issued by the Chamber of
Mines (the Chamber) on Friday 15 April 2016, regarding the
publication by the Minister of Mineral Resources of a new draft
of the Broad-based socio-economic empowerment charter for the
South   African    mining   industry  (Mining   Charter).   See
http://www.chamberofmines.org.za/.

The draft Mining Charter was published without prior consultation
with the South African mining industry, but, as per current
legislation will be available for public comment for a 30 day
period. During this time, and possibly beyond if required, the
Minister of Mineral Resources has committed to engaging with the
mining industry, organised labour and other affected parties. The
Chamber and the mining companies are studying the draft Mining
Charter and will respond in due course. Sibanye is committed to
supporting the Chamber in its engagement.

Sibanye CEO, Neal Froneman said: “It is disappointing that the
draft   Mining   Charter  was   published   without   extensive
consultation, and while court procedures seeking to clarify
elements of the previous Mining Charter are still in process.
The proposed Mining Charter contains aspects that are not
acceptable in our view, if they are applied retrospectively and
these aspects will have to be resolved in the consultation
process”.

“We do however note the commitment by the Minister to continued
engagement with the Chamber. We hope that a mutually acceptable
final agreement can be reached, which will not further affect
investor confidence and impact on investment in the local mining
industry” concluded Froneman.

CONTACT

James Wellsted
SVP Investor Relations
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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