Directors’ dealings arising from the capitalisation issue 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”) Directors’ dealings arising from the capitalisation issue Johannesburg, 11 April 2018. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of JSE Limited ("the Listings Requirements") we hereby advise that the following Non-Executive Directors, Executive Directors and Company Secretary of Sibanye-Stillwater were awarded four new shares for every 100 held as per the capitalisation issue announced on 22 February 2018. The transaction date for all of the dealings set out below is 10 April 2018 being the last day to trade to qualify for the capitalisation issue. Details of the transactions are set out below: Name BE Davison Position Non-Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 1 507 414 Number of capitalisation 60 296 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 1 567 710 Name TJ Cumming Position Non-Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 102 Number of capitalisation 4 shares awarded Class of Security Ordinary shares Total number of shares after 106 capitalisation issue Name NJ Froneman Position Chief Executive Officer and Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 4 038 134 Number of capitalisation 161 525 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 4 199 659 Name C Keyter Position Chief Financial Officer and Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 1 385 352 Number of capitalisation 55 414 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 1 440 766 Name RP Menell Position Non-Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 104 448 Number of capitalisation 4 177 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 108 625 Name MS Moloko Position Non-Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 107 245 Number of capitalisation 4 289 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 111 534 Name KA Rayner Position Non-Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 66 339 Number of capitalisation 2 653 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 68 992 Name SC van der Merwe Position Non-Executive Director Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 988 Number of capitalisation 39 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 1 027 Name C Farrel Position Company Secretary Company Sibanye Gold Limited trading as Sibanye-Stillwater Extent of interest Indirect Beneficial Nature of transaction Issue of capitalisation shares Current number of shares held 601 429 Number of capitalisation 24 057 shares awarded Class of Security Ordinary shares Total number of shares after capitalisation issue 625 486 In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained. 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. Date: 11/04/2018 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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