Sibanye Stillwater : Dealing in securities by a Director

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

("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 [phone] • Fax [phone]

Website:www.sibanyestillwater.com

MARKET RELEASE

Dealing in securities by a Director

Johannesburg, 1 December 2020. Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following:

Name	NJ Froneman
Position	Chief Executive Officer
Date of transaction	27 November 2020
Company	Sibanye-Stillwater Limited
Nature of interest	Direct beneficial
Class of securities	Ordinary shares
Nature of transaction	Off-market restructure of collar hedge over 4 744 961 ordinary shares of the Company with a put strike price of R40.00, call strike price of R80.00 and expiry on 29 November 2021
Total value of transaction	R189,798,440

Mr Froneman entered into and restructured existing equity funding arrangements with a financial institution, which consisted of loan agreements securitised by simultaneous collar hedges and equity lending transactions. The transactions contained in this announcement relate to restructuring of existing hedges previously disclosed in dealings announcements dated 9 October 2019 and 12 December 2019.

In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained

Investor relations contact: Email:[e-mail] Wellsted

Head of Investor Relations Tel: [phone]

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Website:www.sibanyestillwater.com

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