Dealings 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”) Dealings in securities Johannesburg, 10 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 had accepted Performance and Bonus Shares granted on 1 March 2019 (“the Grant Date”), in terms of the Sibanye Gold 2017 Share Plan as set out below. The award is subject to the application of a performance condition on vesting that will range from 0 to 100%. The performance condition is 70% based on Sibanye-Stillwater’s total return to shareholders over the 3 year vesting period compared to a peer group comprised of eight comparable South African listed mining companies and 30% based on the extent to which Sibanye- Stillwater’s return on capital employed has exceeded the company’s cost of capital. In addition, 20% of the vesting is subject to forfeiture in the event of material and significant environmental, social or governance malpractice over the vesting period at the discretion of the Remuneration Committee. Bonus Shares are linked to the annual bonus whereby the equivalent of two- thirds of the cash bonus is granted in Bonus Shares. Both grants were made at the 3 day VWAP prior to grant date of R15.3479. Details of the transaction are set out below: Name NJ Froneman Position Chief Executive Officer Company Sibanye Gold Limited No of Performance Shares 2 926 591 granted No of Bonus Shares granted 375 852 Deemed value of Bonus Shares R5 768 538.91 granted Performance Share and Bonus Nil Share strike price Date of acceptance of grant 10 May 2019 Class of underlying security Ordinary shares to which rights attach Nature of transaction Off market acceptance of Performance Shares and Bonus Shares Vesting Period The Performance Shares vest on the third anniversary of the Grant Date and the Bonus Shares vest in equal parts on 9 months and 18 months of the Grant Date Nature of interest Direct and Beneficial Name C Keyter Position Chief Financial Officer Company Sibanye Gold Limited No of Performance Shares 1 276 041 granted No of Bonus Shares granted 184 025 Deemed value of Bonus Shares R2 824 397.30 granted Performance Share and Bonus Nil Share strike price Date of acceptance of grant 10 May 2019 Class of underlying security Ordinary shares to which rights attach Nature of transaction Off market acceptance of Performance Shares and Bonus Shares Vesting Period The Performance Shares vest on the third anniversary of the Grant Date and the Bonus Shares vest in equal parts on 9 months and 18 months of the Grant Date Nature of interest Direct and Beneficial 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. Date: 10/05/2019 03:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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