Dividend withholding tax rate change Sibanye Gold Limited (Reg. No. 2002/031431/06) (Incorporated in the Republic of South Africa) Share Code: JSE: SGL; NYSE: SBGL ISIN Code: ZAE000173951 Issuer Code: SGL DIVIDEND WITHHOLDING TAX RATE CHANGE Shareholders are advised that following the announcement by the South African Minister of Finance on 22 February 2017, the dividend withholding tax rate has been increased from 15.0% to 20.0%, effective 22 February 2017. Further to the announcement released on the Stock Exchange News Service of the JSE Limited on 23 February 2017, Operating and Financial Results for the six months and financial year ended 31 December 2016, shareholders are requested to refer to the updated dividend declaration paragraph included below: DECLARATION OF DIVIDEND The board has approved and declared final dividend number 8 of 60 cents per ordinary share (gross) in respect of the year ended 31 December 2016. - The local Dividends Tax rate is 20% (twenty per centum); - The gross local dividend amount is 60 cents per ordinary share for shareholders exempt from the Dividends Tax; - The net local dividend amount is 48 cents per ordinary share for shareholders liable to pay the Dividends Tax; The salient dates and times and other information provided in respect of the dividend declaration announced on 23 February 2017 remain unchanged. Westonaria 24 February 2017 Contacts Sibanye Investor Relations Contact: James Wellsted SVP Investor Relations Sibanye Gold Limited +27 83 453 4014 james.wellsted@sibanyegold.co.za Date: 24 February 2017 Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Date: 24/02/2017 03:25:00 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.