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” or the “Group” or the “Company”)
Website: www.sibanyestillwater.com


Notification of an acquisition of beneficial interest in securities by UBS Group AG

Johannesburg, 22 November 2023: In accordance with section 122(3)(b) of the Companies Act 71 of
2008 (the Act), Regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b)
of the JSE Limited Listings Requirements, shareholders are hereby advised that Sibanye-Stillwater
(Tickers JSE: SSW and NYSE: SBSW) has received formal notification that UBS Group AG, in
aggregate, has acquired an interest resulting in 5.15% holding of the total issued shares of
Sibanye-Stillwater.
Sibanye-Stillwater has, as required by section 122(3)(a) of the Act filed the required notice
with the Takeover Regulation Panel.
The Board of directors of Sibanye-Stillwater accepts responsibility for the information contained
in the announcement, having received the forms TRP121.1 from UBS Group AG, and to the best of
their respective knowledge believe the information contained in the announcement is accordingly
true and does not omit anything likely to affect the importance of the information contained in
this announcement.

About Sibanye-Stillwater

Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of
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 a top tier gold producer. It also produces and refines iridium and ruthenium,
nickel, chrome, copper and cobalt. The Group has recently begun to diversify its asset portfolio into
battery metals mining and processing and increase its presence in the circular economy by growing its
recycling   and   tailings    reprocessing   exposure    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

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

FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the “safe harbour” provisions
of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements
of historical fact included in this announcement may be forward-looking statements. Forward-looking
statements may be identified by the use of words such as “will”, “would”, “expect”, “forecast”, “potential”,
“may”, “could”, “believe”, “aim”, “anticipate”, “target”, “estimate” and words of similar meaning.

These forward-looking statements, including, among others, those relating to Sibanye-Stillwater Limited’s
(“Sibanye-Stillwater”) future business prospects, financial positions, production and operational guidance,
climate and ESG-related statements, targets and metrics, business strategies, plans and objectives of
management for future operations and ability to complete or successfully integrate ongoing and future
acquisitions, are necessarily estimates reflecting the best judgement of Sibanye-Stillwater’s senior
management. Readers are cautioned not to place undue reliance on such statements.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors,
many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater that could
cause its actual results and outcomes to be materially different from historical results or from any future
results expressed or implied by such forward-looking statements. As a consequence, these forward-looking
statements should be considered in light of various important factors, including those set forth in Sibanye-
Stillwater’s 2022 Integrated Report and annual report on Form 20-F filed with the United States Securities
and Exchange Commission on 24 April 2023 (SEC File no. 333-234096). These forward-looking statements speak
only as of the date of this announcement. Sibanye-Stillwater expressly disclaims any obligation or
undertaking to update or revise any forward- looking statement (except to the extent legally required).