Sibanye Stillwater Limited (JSE:SSW) News - Sibanye-Stillwater receives strike notice from NUM and AMCU

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 “Company” or “the Group”)

Website: www.sibanyestillwater.com

Sibanye-Stillwater receives strike notice from NUM and AMCU

Johannesburg, 8 March 2022: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
advises that it has received notice from the Association of Mineworkers and
Construction Union (AMCU) and the National Union of Mineworkers (NUM), that the
unions intend to embark on protected strike action at Sibanye-Stillwater’s South
African (SA) gold operations, from the evening shift on Wednesday, 9 March 2022.
Sibanye-Stillwater CEO Neal Froneman commenting on the notification from AMCU and
NUM said: “It is very disappointing that the two unions have chosen this course of
action despite our ongoing engagement in an attempt to reach agreement on wages
since June 2021. The offer we made on 4 February 2022 is fair, taking into
consideration current inflationary living costs, considers the sustainability of the
SA gold operations and the interests of all stakeholders for the long term. The
offer is final; wage increases that are higher than inflation are not sustainable
and cannot be considered.”
As a reminder, the final offer is for three years and would mean that:
•   Category 4 – 8 employees will receive an average increase of 6.0% in year 1
    equivalent to an additional R800 per month; 5.7% in year 2, equivalent to a
    further R800 per month; and 5.4% in year 3, again equivalent to an additional
    R800 per month. The R800 includes a R100 increase in the Living Out Allowance
    each year
•   In rand terms, these inflations linked increases will result in wages for entry-
    level Category 4 underground production increasing by around R34,397 over the
    three-year period to an average total guaranteed income of approximately R245,110
    per annum
•   Miners, Artisans and Officials will receive an increase of 5% in years 1, 2 and 3
“There are no winners in a strike. Not only would strike action undermine employment
and the livelihoods of many people who depend on the SA gold operations, but employees
will gain little to nothing from it. We urge employees to carefully consider the
consequences of strike action on them personally and collectively. Strike action
will only serve to jeopardise the sustainability of our gold operations and,
ultimately, their futures,” concluded Froneman.
For more information, please refer to
https://www.sibanyestillwater.com/features/gold-wage-negotations-2021/.


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

Ends.
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Limited’s (“Sibanye-Stillwater”) future business prospects, financial positions, production and
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Stillwater that could cause its actual results and outcomes to be materially different from
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various important factors, including those set forth in Sibanye-Stillwater’s Integrated Annual
Report 2020 and annual report on Form 20-F filed with the United States Securities and Exchange
Commission on 22 April 2021 (SEC File no. 333-234096). These forward-looking statements speak
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required).

Date: 08-03-2022 08:12:00
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