Sibanye Stillwater : Dealings by Directors and Prescribed Officers

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 [phone] • Fax [phone]

Website:www.sibanyestillwater.com

MARKET RELEASE

Dealings by Directors and Prescribed Officers

Johannesburg, 11 November 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("the Listings Requirements") hereby advises shareholders that Messrs NJ Froneman and C Keyter, Chief Executive Officer and Chief Financial Officer of Sibanye Stillwater Limited have retained and/ or sold Bonus Shares which were granted on 1 March 2019 ("the Grant Date") in terms of The Sibanye-Stillwater Limited 2017 Share Plan. Bonus Shares awarded to Messrs Froneman and Keyter were sold in order to settle the associated tax liability.

Name	NJ Froneman
Position	Chief Executive Officer
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	Retention of bonus shares awarded on 1 March
	2019
Transaction Date	9 November 2020
Number of Shares	78 188
Class of Security	Ordinary Shares
Market Price per share:
Low -	R56.4374
High -	R56.4374
sell price -	R56.4374
Total Value	R4 412 727,43
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date

Name	NJ Froneman
Position	Chief Executive Officer
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares to cover
	associated tax liability
Transaction Date	9 November 2020
Number of Shares	67 956
Class of Security	Ordinary shares
Market Price per share:
Low -	R52.3500
High -	R57.6500
sell price -	R56.4374

1

Total Value	R3 835 259,95
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date
Name	NJ Froneman
Position	Chief Executive Officer
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	Retention of bonus shares awarded on 1 March
	2019
Transaction Date	10 November 2020
Number of Shares	7 024
Class of Security	ADR
Market Price per share:
Low -	USD 13.23
High -	USD 13.86
sell price -	USD 13.75
Total Value	USD 96 580
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date
Name	NJ Froneman
Position	Chief Executive Officer
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares to cover
	associated tax liability
Transaction Date	10 November 2020
Number of Shares	3 422
Class of Security	ADR
Market Price per share:
Low -	USD 13.23
High -	USD 13.86
sell price -	USD 13.75
Total Value	USD 47 052,50
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date
Name	C Keyter
Position	Chief Financial Officer
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	Retention of bonus shares awarded on 1 March
	2019
Transaction Date	9 November 2020
Number of Shares	49 227
Class of Security	Ordinary Shares
Market Price per share:
Low -	R56.4374
High -	R56.4374
sell price -	R56.4374
Total Value	R2 778 243,89
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date

2

Name	C Keyter
Position	Chief Financial Officer
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares to cover
	associated tax liability
Transaction Date	9 November 2020
Number of Shares	42 786
Class of Security	Ordinary shares
Market Price per share:
Low -	R52.3500
High -	R57.6500
sell price -	R56.4374
Total Value	R2 414 730,60
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date

Dealing in securities by prescribed officers of the Company

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders are further advised that the following prescribed officers of the Company have retained and/ or sold Bonus Shares which were granted on 1 March 2019 ("the Grant Date") in terms of The Sibanye-Stillwater Limited 2017 Share Plan.

Name	R van Niekerk
Position	EVP: Technical Services
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	Retention of bonus shares awarded on 1 March
	2019
Transaction Date	9 November 2020
Number of Shares	37 427
Class of Security	Ordinary Shares
Market Price per share:
Low -	R56.4374
High -	R56.4374
sell price -	R56.4374
Total Value	R2 112 282,5698
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date

Name	R van Niekerk
Position	EVP: Technical Services
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares to cover
	associated tax liability
Transaction Date	9 November 2020
Number of Shares	32 529
Class of Security	Ordinary shares
Market Price per share:
Low -	R52.3500
High -	R57.6500
sell price -	R56.4374

3

Total Value	R1 835 852,18
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date
Name	S Bessit
Position	EVP: SA Gold Segment
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares
Transaction Date	9 November 2020
Number of Shares	40 315
Class of Security	Ordinary shares
Market Price per share:
Low -	R52.3500
High -	R57.6500
sell price -	R56.4374
Total Value	R2 275 273,78
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date
Name	JD Mostert
Position	EVP: Organisational Growth
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares
Transaction Date	9 November 2020
Number of Shares	51 077
Class of Security	Ordinary shares
Market Price per share:
Low -	R52.3500
High -	R57.6500
sell price -	R56.4374
Total Value	R2 882 653,08
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date
Name	TG Nkosi
Position	EVP: Corporate Affairs
Company	Sibanye Stillwater Limited
Nature of interest	Direct and Beneficial
Nature of transaction	On market sale of bonus shares
Transaction Date	9 November 2020
Number of Shares	43 635
Class of Security	Ordinary shares
Market Price per share:
Low -	R52.3500
High -	R57.6500
sell price -	R56.4374
Total Value	R2 462 645,95
Vesting Period	Vest in equal parts on 9 months and 18 months
	of the Grant Date

4