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Establishment of Board Investment Committee and Committee appointments
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
(“the Company / Sibanye-Stillwater”)
Website: www.sibanyestillwater.com
Establishment of Board Investment Committee and Committee appointments
Johannesburg, 17 February 2021: In accordance with Section 3.59(c) of the Listings
Requirements of the JSE Limited, shareholders are advised that pursuant to good
corporate governance and its strategy, Sibanye-Stillwater’s Board of Directors
("Board”) is pleased to announce that it has established a Board Investment Committee
(“BIC”)to discharge a pivotal role in guiding and overseeing the allocation of capital
and to oversee the Company’s investment activities. The Committee is Chaired by Mr R
P Menell (Lead Independent Director) and Mr T J Cumming as the Deputy Chairman of the
BIC. The BIC members comprise of Mr K A Rayner, Ms S N Danson, Mr H J R Kenyon-Slaney,
Mr J S Vilakazi and Ms S V Zilwa. As such, the BIC constitutes entirely of Independent
Non-Executive Directors.
In addition to above, Ms S V Zilwa, has been appointed as an additional member to the
Audit, Risk and Safety and Health Committees with effect from 16 February 2021.
Furthermore, Mr K A Rayner has been appointed as an additional member of the Nominating
and Governance Committee with effect from 16 February 2021.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD LOOKING STATEMENTS
The information in this document 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 and involve a number of risks and uncertainties
that could cause actual results to differ materially from those suggested by the forward-looking
statements. As a consequence, these forward-looking statements should be considered in light of various
important factors, including those set forth in this document.
All statements other than statements of historical facts included in this document may be forward-
looking statements. Forward-looking statements also often use words such as “will”, “forecast”,
“potential”, “estimate”, “expect”, “plan”, “anticipate” 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 estimates or projections contained in the forward-looking statements include,
without limitation, Sibanye-Stillwater’s future financial position, plans, strategies, objectives,
capital expenditures, projected costs and anticipated cost savings, financing plans, debt position and
ability to reduce debt leverage; economic, business, political and social conditions in South Africa,
Zimbabwe, the United States and elsewhere; plans and objectives of management for future operations;
Sibanye-Stillwater’s ability to obtain the benefits of any streaming arrangements or pipeline financing;
the ability of Sibanye-Stillwater to comply with loan and other covenants and restrictions and
difficulties in obtaining additional financing or refinancing; Sibanye-Stillwater’s ability to service
its bond instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of its current
mineral reserves; any failure of a tailings storage facility; the ability to achieve anticipated
efficiencies and other cost savings in connection with, and the ability to successfully integrate,
past, ongoing and future acquisitions, as well as at existing operations; the ability of Sibanye-
Stillwater to complete any ongoing or future acquisitions; the success of Sibanye-Stillwater’s business
strategy and exploration and development activities; the ability of Sibanye-Stillwater to comply with
requirements that it operate in ways that provide progressive benefits to affected communities; changes
in the market price of gold and PGMs; the occurrence of hazards associated with underground and surface
mining; any further downgrade of South Africa’s credit rating; a challenge regarding the title to any
of Sibanye-Stillwater’s properties by claimants to land under restitution and other legislation;
Sibanye-Stillwater’s ability to implement its strategy and any changes thereto; the occurrence of
labour disruptions and industrial actions; the availability, terms and deployment of capital or credit;
changes in the imposition of regulatory costs and relevant government regulations, particularly
environmental, tax, health and safety regulations and new legislation affecting water, mining, mineral
rights and business ownership, including any interpretation thereof which may be subject to dispute;
the outcome and consequence of any potential or pending litigation or regulatory proceedings or
environmental, health or safety issues; the concentration of all final refining activity and a large
portion of Sibanye-Stillwater’s PGM sales from mine production in the United States with one entity;
the identification of a material weakness in disclosure and internal controls over financial reporting;
the effect of US tax reform legislation on Sibanye-Stillwater and its subsidiaries; the effect of South
African Exchange Control Regulations on Sibanye-Stillwater’s financial flexibility; operating in new
geographies and regulatory environments where Sibanye-Stillwater has no previous experience; power
disruptions, constraints and cost increases; supply chain shortages and increases in the price of
production inputs; the regional concentration of Sibanye-Stillwater’s operations; 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; Sibanye-
Stillwater’s ability to hire and retain senior management or sufficient technically skilled employees,
as well as its ability to achieve sufficient representation of historically disadvantaged South Africans
(HDSAs) in its management positions; failure of Sibanye-Stillwater’s information technology and
communications systems; the adequacy of Sibanye-Stillwater’s insurance coverage; social unrest,
sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-
Stillwater’s South African-based operations; and the impact of HIV, tuberculosis and the spread of
other contagious diseases, such as the coronavirus disease (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). These forward-looking statements have not been reviewed or reported on
by the Company’s external auditors.
Date: 17-02-2021 10:42:00
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