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, 4 December 2018. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of JSE Limited ("the Listings Requirements") we hereby advise that Messrs N Froneman, Chief Executive Officer and C Keyter, Chief Financial Officer of Sibanye Gold Limited have sold and/ or retained their Bonus Shares which were granted on 1 March 2018 (“the Grant Date”) in terms of The Sibanye Gold Limited 2017 Share Plan. Messrs N Froneman and C Keyter sold Bonus Shares which were awarded to them in order to settle the associated tax liability. Details of the transactions are set out below: Name N Froneman Position Chief Executive Officer Company Sibanye Gold Limited Nature of interest Direct and Beneficial Nature of transaction On market sale of bonus shares to cover associated tax liability Transaction Date 3 December 2018 Number of Shares 127 855 Class of Security Ordinary shares Market Price per share: Low – R8.7300 High – R8.8000 VWAP - R8.7324 Total Value R 1 116 481.00 Vesting Period Vest in equal parts on 9 months and 18 months of the Grant Date Name N Froneman Position Chief Executive Officer Company Sibanye Gold Limited Nature of interest Direct and Beneficial Nature of transaction On market sale of capitalisation bonus shares to cover associated tax liability Transaction Date 3 December 2018 Number of Shares 5 114 Class of Security Ordinary shares Market Price per share: Low – R8.7300 High – R8.8000 VWAP - R8.7324 Total Value R 44 657.50 Vesting Period Vest in equal parts on 9 months and 18 months of the Grant Date Name N Froneman Position Chief Executive Officer Company Sibanye Gold Limited Nature of interest Direct and Beneficial Nature of transaction Retention of bonus shares Transaction Date 3 December 2018 Number of Shares 147 104 Class of Security Ordinary shares Market Price per share: R8.7324 Total Value R1 284 570.97 Vesting Period Vest in equal parts on 9 months and 18 months of the Grant Date Name N Froneman Position Chief Executive Officer Company Sibanye Gold Limited Nature of interest Direct and Beneficial Nature of transaction Retention of capitalisation bonus shares in respect of previously awarded bonus shares Transaction Date 3 December 2018 Number of Shares 5 884 Class of Security Ordinary shares Market Price per share: R8.7324 Total Value R51 381.44 Vesting Period Vest in equal parts on 9 months and 18 months 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 bonus shares to cover associated tax liability Transaction Date 3 December 2018 Number of Shares 62 647 Class of Security Ordinary shares Market Price per share: Low – R8.7300 High – R8.8000 VWAP - R8.7324 Total Value R547 058.66 Vesting Period Vest in equal parts on 9 months and 18 months 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 capitalisation bonus shares to cover associated tax liability Transaction Date 3 December 2018 Number of Shares 2 505 Class of Security Ordinary shares Market Price per share: Low – R8.7300 High – R8.8000 VWAP - R8.7324 Total Value R21 874.66 Vesting Period Vest in equal parts on 9 months and 18 months 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 bonus shares Transaction Date 3 December 2018 Number of Shares 72 078 Class of Security Ordinary shares Market Price per share: R8.7324 Total Value R629 413.93 Vesting Period Vest in equal parts on 9 months and 18 months 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 capitalisation bonus shares in respect of previously awarded bonus shares Transaction Date 3 December 2018 Number of Shares 2 884 Class of Security Ordinary shares Market Price per share: R8.7324 Total Value R25 184.24 Vesting Period Vest in equal parts on 9 months and 18 months 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. 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: 04/12/2018 04:11:00 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.