4
Requirements”). Should Sibanye-Stillwater subscribe for the Option Shares during the Option Period,
Sibanye-Stillwater will determine the categorisation of exercising the option on that date in terms of
the Listings Requirements.
A joint presentation will be held this morning at 10h00 (CAT) at the JSE Auditorium (located at One
Exchange square, Gwen Lane, Sandton. For dial-in and webcast details please refer to
www.sibanyestillwater.com/investors/transactions/drdgold.
* DRDGOLD’s closing share price on 20 November 2017
¹ For the full Mineral Reserves and Resources statement, please refer to
https://www.sibanyestillwater.com/investors/financial-
reporting/annual-reports/2016
. The lead competent person designated in terms of the SAMREC Code, with responsibility for
the consolidation and reporting of Sibanye-Stillwater’s Mineral Resources and Mineral Reserves, and for overall regulatory
compliance of these figures, is Gerhard Janse van Vuuren., Gerhard gave his consent for the disclosure of the 2016 Mineral
Resources and Mineral Reserves Statement as included in this announcement. Gerhard [GDE (Mining Eng), MBA, MSCC and
B.Tech (MRM)] is registered with SAIMM (706705) and has 29 years’ experience relative to the type and style of mineral deposit
under consideration.
Ends.
22 November 2017
Johannesburg
Investor relations contact:
James Wellsted
Tel: +27 (0) 83 453 4014
Email: ir@sibanyestillwater.com
Corporate Advisor: Qinisele Resources Proprietary Limited
South African Legal Advisor: Werksmans Attorneys
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD LOOKING STATEMENTS
Certain statements in this document constitute “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’s future business prospects,
revenues and income, wherever they may occur in this document and the exhibits to this document, are necessarily estimates
reflecting the best judgment of the senior management and directors of Sibanye-Stillwater, and involve a number of known
and unknown risks and uncertainties that could cause actual results, performance or achievements of the 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, including those set forth in this document. Important factors that
could cause the actual results to differ materially from estimates or projections contained in the forward-looking statements
include, without limitation, economic, business, political and social conditions in South Africa, Zimbabwe and elsewhere;
changes in assumptions underlying Sibanye-Stillwater’s estimation of its current Mineral Reserves and Resources; the ability to
achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, as well as existing
operations; the success of Sibanye-Stillwater’s business strategy, exploration and development activities; the ability of
Sibanye-Stillwater to comply with requirements that it operate in a sustainable manner; changes in the market price of gold,
platinum group metals (“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 government regulations, particularly environmental 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; 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 in its management positions; failure of Sibanye-
Stillwater’s information technology and communications systems; the adequacy of Sibanye-Stillwater’s 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 other contagious diseases. These forward-looking statements speak only
as of the date of this document.
The Group undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.