SIBANYE GOLD LIMITED - Dealing in securities by Executive director of the Company

Dealing in securities by Executive director of the Company

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”)

Dealing in securities by Executive director of the Company

Johannesburg, 21 June 2018. In compliance with with paragraphs 3.63 to 3.74 of the
JSE Limited Listings Requirements, the following information is disclosed:

Director                             :    Neal John Froneman
Position                             :    Chief Executive Officer
Date of transaction                  :    21 June 2018
Class of securities                  :    Ordinary shares in Sibanye
                                          Gold Ltd. (JSE code SGL)
Nature of transactions               :    Off-market purchase of
                                          European Style put options
                                          over 4 262 348 ordinary
                                          shares of the Company with a
                                          put strike price of R8.36 and
                                          expiry on 22 June 2020
Nature of interest                   :    Direct beneficial
Clearance obtained                   :    Yes


Mr NJ Froneman entered into an equity funding arrangement with a financial
institution which consists of a purchase of put options. These instruments have been
acquired by Mr Froneman in order to manage the risk arising under an existing loan
obligation, by ensuring a floor price while retaining full upside exposure to the
share price. 4 262 348 of Mr Froneman’s shares which have been used as collateral
under this arrangement.

Contacts:
Email: ir@sibanyestillwater.com

James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014


Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited
FORWARD LOOKING STATEMENTS
This   announcement   contains   forward-looking   statements,    including   “forward-looking
statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and 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”, “would”, “expect”, “can”, “unlikely”, “could” and other similar expressions that
predict or indicate future events or trends or that are not statements of historical matters.
These forward-looking statements, including among others, those relating to our future
business prospects, financial positions, debt position and our ability to reduce debt
leverage, plans and objectives of management for future operations, plans to raise capital
through streaming arrangements or pipeline financing, our ability to service our Bond
Instruments (High Yield Bonds and Convertible Bonds), our ability to achieve steady state
production at the Blitz project and the anticipated benefits and synergies of our acquisitions
are necessarily estimates reflecting the best judgement of our senior management and 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.
As a consequence, these forward-looking statements should be considered in light of various
important factors, including those set forth in the Group’s Annual Integrated Report and
Annual Financial Report, published on 30 March 2018, and the Group’s Annual Report on Form
20-F filed by Sibanye-Stillwater with the Securities and Exchange Commission on 2 April 2018
(SEC File no. 001-35785). 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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