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.
These forward-looking statements, including, among others, those relating to expected timings of
the Transaction (including completion), wherever they may occur in this announcement, are
necessarily estimates reflecting the best judgement of the senior management and directors of
Sibanye, and involve a number of known and unknown risks and uncertainties that could cause
actual results, performance or achievements of the Sibanye Group 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 that could cause the actual results to differ
materially from estimates or projections contained in the forward-looking statements including,
without limitation: Sibanye’s or Stillwater’s ability to complete the Transaction; the inability to
complete the proposed Transaction due to failure to complete any closing conditions. Further
details of potential risks and uncertainties affecting Sibanye are described in Sibanye’s filings with
the JSE and the SEC, including in Sibanye’s Annual Report on Form 20-F, for the fiscal year ended
31 December 2016 and the Integrated Annual Report 2016. These forward-looking statements speak
only as of the date of this announcement. Neither Sibanye nor Stillwater undertake any 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, except as required by law.
Additional Information and Where to Find It
This announcement does not constitute the solicitation of any vote, proxy or approval. In connection
with the Transaction, Sibanye has posted the Circular to its shareholders and Stillwater has filed with
the Securities and Exchange Commission (the “SEC”) relevant materials, including a proxy
statement. The Circular and other relevant documents have been sent or otherwise disseminated
to Sibanye’s shareholders and contain important information about the Transaction and related
matters. SHAREHOLDERS OF SIBANYE ARE ADVISED TO READ THE CIRCULAR AND OTHER RELEVANT
DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. The
proxy statement and other relevant documents have been sent or otherwise disseminated to
Stillwater’s shareholders and contain important information about the Transaction and related
matters. SHAREHOLDERS OF STILLWATER ARE ADVISED TO READ THE PROXY STATEMENT THAT HAS BEEN
FILED AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT THE TRANSACTION. Sibanye shareholders may obtain free copies of the
Circular by going to Sibanye’s website at www.sibanyegold.co.za. The proxy statement and other
relevant documents may also be obtained, free of charge, on the SEC's website
(http://www.sec.gov). Stillwater shareholders may obtain free copies of the proxy statement from
Stillwater by going to Stillwater’s website at http://stillwatermining.com/.
Participants in the Solicitation
Sibanye, Stillwater and their respective directors and officers may be deemed participants in the
solicitation of proxies of Sibanye’s and Stillwater’s respective shareholders in connection with the
Transaction. Sibanye’s shareholders and other interested persons may obtain, without charge, more
detailed information regarding the directors and officers of Sibanye in Sibanye’s Annual Report on
Form 20-F, for the fiscal year ended 31 December 2016, which was filed with the SEC on 7 April 2017.
Stillwater’s shareholders and other interested persons may obtain, without charge, more detailed
information regarding the directors and officers of Stillwater in Stillwater’s Annual Report on Form
10-K for the fiscal year ended 31 December 2016, which was filed with the SEC on 16 February 2017.
Additional information regarding the interests of participants in the solicitation of proxies in