Dealing in securities

March 9, 2016

Westonaria, 9 March 2016. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of JSE Limited ("the Listings Requirements") we hereby advise that Mr NJ Froneman, Mr C Keyter and Mr C Farrel have accepted Performance and Bonus Shares granted on 1 March 2016 (“the Grant Date”), in terms of the Sibanye Gold 2013 Share Plan as set out below.

Performance Shares are conditionally awarded with the final number settled after three years dependent on market and non-market conditions being met. The number of shares to be settled will range from 0% to 100% of the conditional award. The determined number of Performance Vesting Restricted Shares will be settled to the participant in shares.

Bonus Shares are linked to the annual bonus whereby the equivalent of two-thirds of the cash bonus is granted in Bonus Shares.

Details of the transaction are set out below:

Name	NJ Froneman
Position	Chief Executive Officer
Company	Sibanye Gold Limited
No of Performance Shares granted	587 890
No of Bonus Shares granted	66 882
Performance Share and Bonus Share strike price	Nil
Date of acceptance of grant	8 March 2016
Class of underlying security to which rights attach	Ordinary shares
Nature of transaction	Off market acceptance of Performance Shares and Bonus Shares
Vesting Period	The Performance Shares vest on the third anniversary of the Grant Date and the Bonus Shares vest in equal parts on 9 months and 18 months of the Grant Date
Nature of interest	Direct and Beneficial

Name	C Keyter
Position	Chief Financial Officer
Company	Sibanye Gold Limited
No of Performance Shares granted	267 135
No of Bonus Shares granted	34 223
Performance Share and Bonus Share strike price	Nil
Date of acceptance of grant	7 March 2016
Class of underlying security to which rights attach	Ordinary shares
Nature of transaction	Off market acceptance of Performance Shares and Bonus Shares
Vesting Period	The Performance Shares vest on the third anniversary of the Grant Date and the Bonus Shares vest in equal parts on 9 months and 18 months of the Grant Date
Nature of interest	Direct and Beneficial

Name	C Farrel
Position	Company Secretary
Company	Sibanye Gold Limited
No of Performance Shares granted	75 262
No of Bonus Shares granted	11 080
Performance Share and Bonus Share strike price	Nil
Date of acceptance of grant	7 March 2016
Class of underlying security to which rights attach	Ordinary shares
Nature of transaction	Off market acceptance of Performance Shares and Bonus Shares
Vesting Period	The Performance Shares vest on the third anniversary of the Grant Date and the Bonus Shares vest in equal parts on 9 months and 18 months of the Grant Date
Nature of interest	Direct and Beneficial

In terms of paragraph 3.66 of the Listings requirements the necessary clearance to deal in the above securities has been obtained.

Contact

James Wellsted SVP Investor Relations Sibanye Gold Limited +27 83 453 4014 james.wellsted@sibanyegold.co.za

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