SIBANYE GOLD LIMITED - Dealing in securities

Dealing in securities

Sibanye Gold Limited
(Reg. No. 2002/031431/06)
(Incorporated in the Republic of South Africa)
(“Sibanye Gold” or “the Company”)

Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL

DEALING IN SECURITIES

Westonaria, 10 March 2017. In compliance with paragraphs 3.63 to
3.74 of the Listings Requirements of JSE Limited ("the Listings
Requirements") we hereby advise that Mr NJ Froneman and Mr C
Keyter have accepted Performance and Bonus Shares granted on 1
March 2017 (“the Grant Date”), in terms of the Sibanye Gold 2013
Share Plan as set out below.

The award is subject to the application of a performance
condition on vesting that will range from 0 to 100%.         The
performance condition is 70% based on Sibanye’s total return to
shareholders over the 3 year vesting period compared to a peer
group comprised of eight comparable South African listed mining
companies and 30% based on the extent to which Sibanye’s return
on capital employed has exceeded the company’s cost of capital.
In addition, 20% of the vesting is subject to forfeiture in the
event of material and significant environmental, social or
governance malpractice over the vesting period at the discretion
of the Remuneration Committee.

Bonus Shares are linked to the annual bonus whereby the
equivalent of two-thirds of the cash bonus is granted in Bonus
Shares. Both grants were made at the 3 day VWAP prior to grant
date of R27.4834.

Details of the transaction are   set out below:
Name                             NJ Froneman
Position                         Chief Executive Officer
Company                          Sibanye Gold Limited
No   of  Performance   Shares    1 299 536
granted
No of Bonus Shares granted       101 403
Deemed value of Bonus Shares     R2 786 899.21
granted
Performance Share and Bonus      Nil
Share strike price
Date of acceptance of grant      8 March 2017
Class of underlying security     Ordinary shares
to which rights attach
Nature of transaction            Off market acceptance of Performance
                                 Shares and Bonus Shares
Vesting Period                   The Performance Shares vest on the
                                 third anniversary of the Grant Date
                                 and the Bonus Shares vest in equal
                                 parts on 9 months and 18 months of
                                 the Grant Date
Nature of interest               Direct and Beneficial
Name                            C Keyter
Position                        Chief Financial Officer
Company                         Sibanye Gold Limited
No   of  Performance   Shares   658 557
granted
No of Bonus Shares granted      50 708
Deemed value of Bonus Shares    R1 393 628.25
granted
Performance Share and Bonus     Nil
Share strike price
Date of acceptance of grant     8 March 2017
Class of underlying security    Ordinary shares
to which rights attach
Nature of transaction           Off market acceptance of Performance
                                Shares and Bonus Shares
Vesting Period                  The Performance Shares vest on the
                                third anniversary of the Grant Date
                                and the Bonus Shares vest in equal
                                parts on 9 months and 18 months of
                                the Grant Date
Nature of interest              Direct and Beneficial


In terms of paragraph 3.66 of the Listings requirements the
necessary clearance to deal in the above securities has been
obtained.

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

Date: 10/03/2017 03:59:00 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.