Dealing in securities by a Director Sibanye Stillwater Limited Incorporated in the Republic of South Africa Registration number 2014/243852/06 Share codes: SSW (JSE) and SBSW (NYSE) ISIN – ZAE000259701 Issuer code: SSW (“Sibanye-Stillwater” “the Group” or “the Company”) Website: www.sibanyestillwater.com Dealing in securities by a Director Johannesburg, 1 December 2020: Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following: Name NJ Froneman Position Chief Executive Officer Date of transaction 27 November 2020 Company Sibanye-Stillwater Limited Nature of interest Direct beneficial Class of securities Ordinary shares Nature of transaction Off-market restructure of collar hedge over 4 744 961 ordinary shares of the Company with a put strike price of R40.00, call strike price of R80.00 and expiry on 29 November 2021 Total value of transaction R189,798,440 Mr Froneman entered into and restructured existing equity funding arrangements with a financial institution, which consisted of loan agreements securitised by simultaneous collar hedges and equity lending transactions. The transactions contained in this announcement relate to restructuring of existing hedges previously disclosed in dealings announcements dated 9 October 2019 and 12 December 2019. In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained. Ends. Investor relations contact: Email: ir@sibanyestillwater.com James Wellsted Head of Investor Relations Tel: +27 (0) 83 453 4014 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 01-12-2020 04:10:00 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.