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MARKET RELEASE
Sibanye-Stillwater concludes tender process to retire certain of its US$450 million convertible
bonds
Johannesburg, 5 September 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SGBL) is pleased to
announce the conclusion of its previously announced invitation to tender Convertible Bonds for purchase
up to the aggregate principal amount corresponding to US$50 million in aggregate purchase price
(including accrued interest) to holders of its US$450 million 1.875 per cent. Guaranteed Unsecured
Convertible Bonds due 2023 (Convertible Bonds) (Invitation).
The Final Buyback Price is 75.00 per cent. (expressed as a percentage of each US$200,000 in principal
amount of the Convertible Bonds). No Convertible Bonds tendered for purchase at a purchase price
above the Final Buyback Price will be accepted for purchase pursuant to the Invitation. Terms not
otherwise defined in this press release have the same meaning as defined in the launch press release
published by Sibanye-Stillwater on 4 September 2018.
Eligible Holders who have submitted valid Tender Instructions and whose Convertible Bonds are
accepted for purchase (Tendered Bonds) in the Invitation will receive on the Settlement Date a cash
consideration equal to the Final Buyback Price. Sibanye-Stillwater will also pay, in relation to the Tendered
Bonds, an amount in cash equal to interest accrued but unpaid on the Convertible Bonds up to (but
excluding) the Settlement Date. Based on the expected Settlement Date of 11 September 2018, the
Accrued Interest Payment shall be US$1,718.75 per US$200,000 in principal amount of the Convertible
Bonds or 0.86 per cent. of each US$200,000 in principal amount of the Convertible Bonds.
Sibanye-Stillwater has decided to accept Convertible Bonds submitted pursuant to valid Tender
Instructions which specified a purchase price equal to or below the Final Buyback Price in an aggregate
principal amount of US$66,000,000 (Acceptance Amount).
Convertible Bonds submitted pursuant to valid Tender Instructions which specified a purchase price
below the Final Buyback Price will be accepted in full without any pro rata scaling. Convertible Bonds
submitted pursuant to valid Tender Instructions which specified a purchase price equal to the Final
Buyback Price will be pro-rated.
The Total Purchase Price in respect of the Tendered Bonds will be US$50,067,187.50.
As announced on 4 September 2018, the Company has also launched a tender process to retire up to
US$350 million (including accrued interest) of its 6.125% bond Notes due 27 June 2022 (the 2022 Notes)
and 7.125% bond Notes due 27 June 2025 (the 2025 Notes). For more information to the process, please
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863