SIBANYE GOLD LIMITED - Sibanye-Stillwater safely brings Beatrix employees to surface after power outage

Sibanye-Stillwater safely brings Beatrix employees to surface after power outage

Sibanye Gold Limited
Trading as Sibanye-Stillwater
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater” or “the Group” or “the Company”)

Sibanye-Stillwater safely brings Beatrix employees to surface after power outage

Johannesburg, 2 February 2018. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL)
is pleased to advise that all underground employees at its Beatrix operations in the
Free State, have safely returned to the surface.

A severe storm during the night of 31 January 2018, caused the collapse of both the
primary and secondary Eskom powerlines supplying electricity to the Beatrix
Operations, causing a power surge and outage at all three shafts at its Beatrix
Operations. As a result the majority of the night shift was unable to be hoisted
to surface.

Emergency power supply from backup generators enabled 64 employees to return to
surface at Beatrix 1 shaft and 272 employees at Beatrix 4 shaft during the course
of the following morning, but damage to the winder control systems and generators
at the Beatrix 3 shaft resulting from the power surge resulted in 955 employees
remaining underground at the shaft stations until Eskom power had been restored to
the mine.

Management remained in control throughout and were confident that the decisions made
were in the interests of employee wellbeing. Mine rescue and medical teams were
mobilised and due care was taken to ensure employees were safe and had access to
food and water. Detailed contingency plans were made mine rescue teams to evacuate
employees through the second outlet at Beatrix 1 shaft, in the event that power was
not restored.

Through a tremendous effort to install temporary power line pylons by both mine
management and Eskom, power was successfully restored during the morning of 2
February 2018 and all employees were safely hoisted to surface.

Employees will undergo throughout medical examination and trauma counselling,
together with their families, if required. It is expected that operations will resume
on Monday 5 February 2018.

Sibanye-Stillwater CEO, Neal Froneman commented: “I wish to thank the Beatrix team
and the SA Regional management for the prompt and composed response to this
potentially grave situation. I would also like to commend Eskom for the professional
and efficient way they rose to the challenge to restore power to the operations.
This is significant rescue effort and one that all who participated in, can be
extremely proud off, and it is a clear demonstration of the competence within the
South African mining industry. The actions taken by management and decisions taken
resulted in all of our employees returning safely to their families.”

Contact:
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
email: ir@sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited


FORWARD LOOKING STATEMENTS
This announcement includes “forward-looking statements” within the meaning
of the “safe harbour” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified
by the use of words such as “target”, “will”, “forecast”, “expect”,
“potential”, “intend”, “estimate”, “anticipate”, “can” and other similar
expressions that predict or indicate future events or trends or that are not
statements of historical matters. The forward-looking statements set out in
this announcement involve a number of known and unknown risks, uncertainties
and other factors, many of which are difficult to predict and generally beyond
the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s
actual results and outcomes to be materially different from historical results
or from any future results expressed or implied by such forward-looking
statements. These forward-looking statements speak only as of the date of
this announcement. Sibanye-Stillwater 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 announcement or to
reflect the occurrence of unanticipated events, save as required by applicable
law.

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