Enhanced Investments - Financial Portal

Dealings in securities by a Director and Prescribed Officer

Published: 2023-06-30 18:04:22 ET

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”)
Website: www.sibanyestillwater.com

Dealings in securities by a Director and Prescribed Officer

Johannesburg, 30 June 2023: 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 expiry of an
existing collar structures, previously implemented by Executive
Director and Prescribed Officers of the Group:

Name                          NJ Froneman
Position                      Chief Executive Officer (Executive
                              Director)
Company                       Sibanye-Stillwater Limited
Nature of interest            Direct and Beneficial
Date of transaction           28 June 2023
Class of securities           Sibanye-Stillwater Limited ordinary
                              shares
Nature of transaction         Exercise of a put option in respect of an
                              off-market collar hedge over 1,458,096
                              ordinary shares of the Company which
                              expired on 28 June 2023
Strike price per share        R47.62
Value of put option           R69,434,531.52

Mr Froneman entered into an equity funding arrangement with a
financial institution on 28 June 2021 which consisted of a loan
agreement securitised by a simultaneous collar hedge and equity
lending transaction.

Name                          RA Stewart
Position                      Chief Regional Officer Southern Africa
                              (Prescribed Officer)
Company                       Sibanye-Stillwater Limited
Nature of interest            Direct and Beneficial
Class of securities           Sibanye-Stillwater Limited ordinary
                              shares
Nature of transaction         Expiry of off-market collar of ordinary
                              shares implemented on 30 June 2021 which
                              has been cash settled
Transaction Date              28 June 2023
Option settlement value       R6 735 635
Ordinary shares retained      325 000
by Prescribed Officer
Market Price per security     R28.00
Total Value                   R9 100 000.00

The Prescribed Officer retains the total amount of shares originally
hedged.
In terms of paragraph 3.66 of the Listings Requirements, the necessary
clearance to deal in the above securities has been obtained.
Ends.

About Sibanye-Stillwater

Sibanye-Stillwater is a multinational mining and metals processing
Group with a diverse portfolio of mining and processing operations,
projects and investments across five continents. The Group is also
one of the foremost global recyclers of PGM autocatalysts and has
interests in leading mine tailings retreatment operations.

Sibanye-Stillwater has established itself as one of the world’s
largest primary producers of platinum, palladium, and rhodium and is
also a top tier gold producer. It produces and refines iridium and
ruthenium, nickel, chrome, copper and cobalt. The Group has recently
begun to build and diversify its asset portfolio into battery metals
mining and processing and is increasing its presence in the circular
economy by growing and diversifying its recycling and tailings
reprocessing operations globally. For more information refer to
www.sibanyestillwater.com.

Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
YouTube: https://www.youtube.com/@sibanyestillwater/videos

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.