SIBANYE GOLD LIMITED
Trading as Sibanye-Stillwater
Registration Number 2002/031431/06
Incorporated in the Republic of South Africa
Share Code: SGL
ISIN Code: ZAE000173951
Issuer Code: SGL
(“Sibanye-Stillwater” or “the Company” or “the Group”)
Lonmin Plc (Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN : GB00BYSRJ698 ("Lonmin")
LEI: 213800FGJZ2WAC6Y2L94
Appeal filed by AMCU against the South African Competition Tribunal’s
approval of the Transaction
Johannesburg, 19 December 2018. Sibanye-Stillwater (Tickers JSE: SGL and
NYSE: SBGL) and Lonmin plc (“Lonmin”) (Tickers JSE: Lon and LSE: LMI) note
that an appeal (the “Appeal”) of the South African Competition Tribunal’s
decision of 21 November 2018, approving the acquisition of Lonmin by Sibanye-
Stillwater (the "Transaction") subject to certain specific conditions, has
been filed at the Competition Appeal Court by the Association of Mineworkers
and Construction Union (“AMCU”). Sibanye-Stillwater and Lonmin intend to
request an urgent hearing from the Competition Appeals Court in relation to
AMCU’s appeal.
Sibanye-Stillwater and Lonmin remain fully committed to the Transaction.
Lonmin continues to believe that the Transaction represents a comprehensive
solution to the challenges facing Lonmin and offers Lonmin and its
stakeholders a more certain future than Lonmin could achieve by any
alternative route. The combination of Sibanye-Stillwater and Lonmin will
create a larger, more resilient company, with greater geographical and
commodity diversification, which is better able to withstand short-term
commodity price and foreign exchange volatility.
The Transaction remains subject to the satisfaction or (where applicable)
waiver of the conditions set out in the announcement of the Transaction by
Lonmin and Sibanye-Stillwater on 14 December 2017. Such conditions include,
amongst others, the approvals of Lonmin and Sibanye-Stillwater shareholders
and the courts of England and Wales.
For more information on the proposed acquisition of Lonmin by Sibanye-
Stillwater, please refer to
https://www.sibanyestillwater.com/investors/transactions/lonmin.