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, 18 December 2019. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL)
in compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited("the Listings Requirements") hereby advises shareholders that Dr Richard Stewart,
Executive Director of Stillwater Mining Company has entered into a new financing
structure in the form of a zero premium collar over 250 000 of Mr Stewart’s ordinary
shares, which have been used as collateral under this arrangement

Name                                :       RA Stewart
Position                            :       Executive Director
Company                             :       Sibanye-Stillwater
Date of transaction                         17 December 2019
Date of expiry of the collar        :       20 December 2021
Class of securities                 :       Ordinary shares in Sibanye Gold
                                            Limited
Nature of transactions              :       collars over 250 000 ordinary
                                            shares of the Company, with a
                                            put strike price of R31.52 and
                                            call strike price of R49.19
Nature of interest                  :       Direct beneficial
Clearance obtained                  :       Yes

Dealing in securities by a prescribed officer of the Company

Wayne Robinson, a prescribed officer of Sibanye-Stillwater, has also concluded trades in
the Company’s shares as detailed below:

 Name                                   :    WDR Robinson
 Position                               :    Executive Vice President:
                                             Technical Services
 Company                                :    Sibanye-Stillwater
 Date of transaction                         12 December 2019
 Class of securities                    :    Ordinary shares in Sibanye Gold
                                             Limited
 Nature of transactions                 :    On market sale of shares
 Nature of interest                     :    Direct beneficial
 Number of shares                       :    14 500
 Market price per share                 :    R34.79
 Value of transaction (excluding        :    R 504 455
 costs)
 Clearance obtained                     :    Yes

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
The information in this announcement may contain forward-looking statements within the meaning
of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act
of 1995. These forward-looking statements, including, among others, those relating to Sibanye
Gold Limited’s (trading as Sibanye-Stillwater) (“Sibanye-Stillwater” or the “Group”) financial
positions, business strategies, plans and objectives of management for future operations, are
necessarily estimates reflecting the best judgment of the senior management and directors of
Sibanye-Stillwater.

All statements other than statements of historical facts included in this announcement may be
forward-looking statements. Forward-looking statements also often use words such as “will”,
“forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their nature,
forward-looking statements involve risk and uncertainty because they relate to future events and
circumstances and should be considered in light of various important factors, including those set
forth in this disclaimer and in the Group’s Annual Integrated Report and Annual Financial Report,
published on 29 March 2019, and the Group’s Annual Report on Form 20-F filed by Sibanye-Stillwater
with the Securities and Exchange Commission on 5 April 2019 (SEC File no. 001-35785). Readers are
cautioned not to place undue reliance on such statements.

Date: 18-12-2019 04:26:00
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