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 +27 11 278 9600 • Fax +27 11 278 9863

Website:www.sibanyestillwater.com

MARKET RELEASE

Dealings in securities

Johannesburg, 20 December 2021: 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

RA Stewart

Position

Chief Operating Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Date of transaction

17 December 2021

Class of securities

Ordinary shares

Nature of transaction

Off-market restructure of collar hedge over 250

000 ordinary shares of the Company with a put

strike price of R45.00 call strike price of R65.00 and

expiry on 18 December 2023

Total value of transaction

R11 250 000.00

The transaction contained in this announcement relate to the existing hedges previously disclosed in the dealings announcement dated 18 December 2019.

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

Ends.

Investor relations contact:

Email: ir@sibanyestillwater.com

James Wellsted

Head of Investor Relations

Tel: +27 (0) 83 453 4014

www.sibanyestillwater.com

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

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Sibanye Stillwater Limited published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 13:59:08 UTC.