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SIBANYE STILLWATER LIMITED - Sibanye-Stillwater mourns the passing of Shadwick Bessit, head of its SA gold operations

Release Date: 19/01/2021 10:52
Code(s): SSW     PDF:  
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Sibanye-Stillwater mourns the passing of Shadwick Bessit, head of its SA gold operations

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 mourns the passing of Shadwick Bessit, head of its SA gold

Johannesburg, 19 January 2021: Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW)
Sibanye-Stillwater regretfully advises that Shadwick Bessit, the Executive Vice
President and head of the Group’s SA gold operations, passed away on Saturday, 16
January 2021, from COVID-19 related complications.

“It is with deep sadness that we announce the tragic passing of Shadwick, who has
been an example of a mindful leader. The Board and management have extended their
sincere condolences to Shadwick’s family, friends and all his colleagues. “We mourn
the loss of a dear colleague, a leader and highly valued member of the senior
leadership team,” said Neal Froneman, CEO of Sibanye-Stillwater. “Shadwick was an
invaluable member of our leadership team. He will be missed. May he rest in peace”.

Shadwick leaves behind his wife Rachelle, three children; Michelle, Shantelle, and
Lesley-Ann and two beloved grandchildren. Consistent with our values and as per
standard protocols, Sibanye-Stillwater is providing necessary support to the family
during this difficult period.

William Osae (SVP: Technical Services, SA gold operations) has been appointed head
in the interim in order to ensure operational continuity and the ongoing focus on
safe production.

More about Shadwick:

Shadwick Bessit was appointed as the Executive Vice President: SA gold operations in
February 2019. Prior to this role he served as Senior Vice President: Technical:
platinum and gold, Senior Vice President: Kroondal and Rustenburg operations and
Senior Vice President: underground operations – Kloof and Driefontein. Shadwick joined
Sibanye-Stillwater on its establishment in February 2013, after joining Gold Fields
Limited in July 2012. Prior to that between 2010 to 2012, Shadwick pursued personal
business interests. He joined Impala Platinum Limited in November 2002 as General
Manager and served as the Executive Director: Operations from 2005 to 2010. He was
previously employed at AngloGold Ashanti from 1986 to 2002 where he moved through the
ranks to General Manager level at the Deelkraal, Elandsrand and Savuka mines. Shadwick
held National Higher Diploma (Metalliferous Mining), Technikon Witwatersrand, South
African Mine Manager’s Certificate of Competency.

Investor relations contact:
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014

J.P. Morgan Equities South Africa Proprietary Limited

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 Stillwater Limited’s (“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.
Readers are cautioned not to place undue reliance on such statements.

The important factors that could cause Sibanye-Stillwater’s actual results,
performance or achievements to differ materially from those in the forward-looking
statements include, among others, our future business prospects; financial positions;
debt position and our ability to reduce debt leverage; business, political and social
conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and
objectives of management for future operations; our ability to obtain the benefits
of any streaming arrangements or pipeline financing; our ability to service our bond
instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of
their current mineral reserves and resources; the ability to achieve anticipated
efficiencies and other cost savings in connection with past, ongoing and future
acquisitions, as well as at existing operations; our ability to achieve steady state
production at the Blitz project; the success of Sibanye-Stillwater’s business
strategy; exploration and development activities; the ability of Sibanye-Stillwater
to comply with requirements that they operate in a sustainable manner; changes in the
market price of gold, PGMs and/or uranium; the occurrence of hazards associated with
underground and surface gold, PGMs and uranium mining; the occurrence of labour
disruptions and industrial action; the availability, terms and deployment of capital
or credit; changes in relevant government regulations, particularly environmental,
tax, health and safety regulations and new legislation affecting water, mining,
mineral rights and business ownership, including any interpretations thereof which
may be subject to dispute; the outcome and consequence of any potential or pending
litigation or regulatory proceedings or other environmental, health and safety issues;
power disruptions, constraints and cost increases; supply chain shortages and
increases in the price of production inputs; fluctuations in exchange rates, currency
devaluations, inflation and other macro-economic monetary policies; the occurrence
of temporary stoppages of mines for safety incidents and unplanned maintenance; the
ability to hire and retain senior management or sufficient technically skilled
employees, as well as their ability to achieve sufficient representation of
historically disadvantaged South Africans in management positions; failure of
information technology and communications systems; the adequacy of insurance
coverage; any social unrest, sickness or natural or man-made disaster at informal
settlements in the vicinity of some of Sibanye-Stillwater’s operations; and the impact
of HIV, tuberculosis and the spread of other contagious diseases, such as coronavirus
(“COVID-19”). Further details of potential risks and uncertainties affecting Sibanye-
Stillwater are described in Sibanye-Stillwater’s filings with the Johannesburg Stock
Exchange and the United States Securities and Exchange Commission, including the
Integrated Annual Report 2019 and the Annual Report on Form 20-F for the fiscal year
ended 31 December 2019.

These forward-looking statements speak only as of the date of the content. Sibanye-
Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required).

Date: 19-01-2021 10:52:00
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