SIBANYE GOLD LIMITED - Dealing in securities

Dealing in securities

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

Johannesburg, 31 May 2019. In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of JSE Limited ("the Listings Requirements") we hereby advise that
Messrs NJ Froneman and C Keyter, Chief Executive Officer and Chief Financial Officer
of Sibanye Gold Limited has retained and/ or sold Performance Shares which were
granted on 1 March 2016 (“the Grant Date”) in terms of The Sibanye Gold Limited 2013
Share Plan. Performance Shares awarded to Messrs Froneman and Keyter were sold in
order to settle the associated tax liability.

Details of the transactions are set out below:

Name                            NJ Froneman
Position                        Chief Executive Officer
Company                         Sibanye Gold Limited
Nature of interest              Direct and Beneficial
Nature of transaction           On market sale of performance shares
                                to cover associated tax liability
Transaction Date                28 May 2019
Number of Shares                36 357
Class of Security               Ordinary shares
Market Price per share:
Low –                           R11.3000
High –                          R11.8700
VWAP -                          R11.6275
Total Value                     R422 741.02
Vesting Period                  The Performance Shares vest on the
                                third anniversary of the Grant Date.

Name                            NJ Froneman
Position                        Chief Executive Officer
Company                         Sibanye Gold Limited
Nature of interest              Direct and Beneficial
Nature of transaction           Retention of performance shares
Transaction Date                28 May 2019
Number of Shares                41 832
Class of Security               Ordinary shares
Market Price per share:         R11.6275
Total Value                     R486 401.58
Vesting Period                  The Performance Shares vest on the
                                third anniversary of the Grant Date.
Name                              C Keyter
Position                          Chief Financial Officer
Company                           Sibanye Gold Limited
Nature of interest                Direct and Beneficial
Nature of transaction             On market sale of performance shares
                                  to cover associated tax liability
Transaction Date                  28 May 2019
Number of Shares                  16 520
Class of Security                 Ordinary shares
Market Price per share:
Low –                             R11.3000
High –                            R11.8700
VWAP -                            R11.6275
Total Value                       R192 086.30
Vesting Period                    The Performance Shares vest on the
                                  third anniversary of the Grant Date.

Name                              C Keyter
Position                          Chief Financial Officer
Company                           Sibanye Gold Limited
Nature of interest                Direct and Beneficial
Nature of transaction             Retention of performance shares
Transaction Date                  28 May 2019
Number of Shares                  19 008
Class of Security                 Ordinary shares
Market Price per share:           R11.6275
Total Value                       R221 015.52
Vesting Period                    The Performance Shares vest on the
                                  third anniversary of the Grant Date.



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

Investor relations 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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