Sibanye Stillwater Investor Presentation — August 2019

Document content

29 August 2019H1 2019

operating & financial

for the six months ended 30 June 20192Disclaimer

Theinformation inthispresentation may contain forward -looking statements within themeaning ofthe“safe harbour” provisions oftheUnited States Private Securities Litigation

Reform Actof1995 .These forward -looking statements, including, among others, those relating toSibanye Gold Limited’s (trading asSibanye -Stillwater) (“Sibanye -Stillwater” orthe

“Group”) financial positions, business strategies, plans and objectives ofmanagement forfuture operations, arenecessarily estimates reflecting thebest judgment ofthesenior

management and directors ofSibanye -Stillwater .

Allstatements other than statements ofhistorical facts included inthispresentation may beforward -looking statements .Forward -looking statements also often usewords such as

“will”, “forecast”, “potential”, “estimate”, “expect” and words ofsimilar meaning .Bytheir nature, forward -looking statements involve riskand uncertainty because they relate to

future events and circumstances and should beconsidered inlight ofvarious important factors, including those setforth inthisdisclaimer and intheGroup’s Annual Integrated

Report and Annual Financial Report, published on29March 2019 ,and theGroup’s Annual Report onForm 20-Ffiled bySibanye -Stillwater with theSecurities and Exchange

Commission on5April 2019 (SEC Fileno.001-35785 ).Readers arecautioned nottoplace undue reliance onsuch statements .

Theimportant factors that could cause Sibanye -Stillwater’s actual results, performance orachievements todiffer materially from those intheforward -looking statements include,

among others, ourfuture business prospects ;financial positions ;debt position and ourability toreduce debt leverage ;business, political and social conditions intheUnited