Sibanye-Stillwater shareholders ('Shareholders') are referred to the circular to Shareholders dated 2 November 2020, which contained details regarding the odd-lot offer to Shareholders holding fewer than 100 Sibanye-Stillwater shares and a specific offer to Shareholders holding 100 Sibanye-Stillwater shares or more but equal to or fewer than 400 SibanyeStillwater shares.
Shareholders are further referred to the General Meeting of Shareholders held on 1 December 2020, and the subsequent announcements released on the Stock Exchange News Service on (i) 1 December 2020, advising the voting results of the General Meeting and (ii) 11 December 2020, advising the finalisation details relating to the Offers.
Shareholders are hereby advised of the results of the Offers, both of which closed on Friday, 24 December 2020.
Accordingly, Sibanye-Stillwater will repurchase and cancel a total of Sibanye-Stillwater shares, representing approximately 0.05 % of the total issued share capital of the Company, for a total offer consideration of R81,907,962.47. The cancelation and termination of listing of Sibanye-Stillwater shares repurchased in terms of the Offers is expected on or about 30 December 2020.
The total issued shares of Sibanye-Stillwater will accordingly be reduced from 2,925,001,704 to 2,923,570,507. The requisite payments of cash consideration to Odd-lot Holders and Specific Holders pursuant to the Offers will be made today, 28 December 2020.
The Offer will result in the reduction of Sibanye-Stillwater's shareholder base and will benefit SibanyeStillwater in reducing its on-going shareholder register related administration costs.
Contact:
James Wellsted
Tel: +27 (0) 83 453 4014
Email: ir@sibanyestillwater.com
Web: www.sibanyestillwater.com
FORWARD LOOKING STATEMENTS
The information in this announcement may contain 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 financial positions, business strategies, plans and objectives of management for future operations, are necessarily estimates reflecting the best judgment of the senior management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement may be forward looking statements. Forward-looking statements also often use words such as 'will', 'forecast', 'potential', 'estimate', 'expect' and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and should be considered in light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements.
The important factors that could cause Sibanye-Stillwater's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, our future business prospects; financial positions; debt position and our ability to reduce debt leverage; business, political and social conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and objectives of management for future operations; our ability to obtain the benefits of any streaming arrangements or pipeline financing; our ability to service our bond instruments; changes in assumptions underlying SibanyeStillwater's estimation of their current mineral reserves and resources; the ability to achieve anticipated efficiencies and other cost savings in connection with past, ongoing and future acquisitions, as well as at existing operations; our ability to achieve steady state production at the Blitz project; the success of Sibanye-Stillwater's business strategy; exploration and development activities; the ability of SibanyeStillwater to comply with requirements that they operate in a sustainable manner; changes in the market price of gold, 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 relevant government regulations, particularly environmental, tax, health and safety 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; the ability to hire and retain senior management or sufficient technically skilled employees, as well as their ability to achieve sufficient representation of historically disadvantaged South Africans in management positions; failure of information technology and communications systems; the adequacy of insurance coverage; any social unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some of SibanyeStillwater's operations and the impact of HIV, tuberculosis and the spread of other contagious diseases, such as coronavirus ('COVID-19').
These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).
SIBANYE STILLWATER LIMITED 
