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Results of the general meeting – Acquisition of the Rustenburg Operations

Sibanye shareholders are referred to the announcement, regarding the posting of the circular (“Circular”) incorporating the notice of general meeting (“General Meeting”) released on the stock exchange news service on 15 December 2015 and containing the details of the acquisition of the Bathopele, Siphumelele (incl. Khomanani), and Thembelani (incl. Khuseleka) mining operations, two concentrating plants, an onsite chrome recovery plant, the Western Limb Tailings Retreatment Plant, associated surface infrastructure and related assets and liabilities on a going concern basis including normalised levels of working capital (‘the Rustenburg Operations”) from Rustenburg Platinum Mines Limited (“the Transaction”).

Sibanye is pleased to report that all resolutions set out in the Circular to give effect to the Transaction were passed by the requisite majority at the Company’s General Meeting held at Sibanye Gold Academy, Glenharvie at 09:00 today, Monday, 18 January 2016.

The number of shares voted in person or by proxy was 790,515,683, representing 86.29% of the total issued share capital of the same class of Sibanye shares. The resolutions proposed at the General Meeting, together with the percentage of shares abstained, as well as the percentage of votes for and against each resolution, are set out below:

Special resolution Shares voted for: Shares voted against: Number of shares voted Shares abstained:
1. Approval for the allotment and issue of Sibanye Shares, including in particular but not limited to the Consideration Shares, as required by and in terms of section 41(3) of the Companies Act 681 164 496 77 055 184 758 219 680 4 428 988
% of shares voted % of shares voted % of total issued shares % of total issued shares
89.837% 10.163% 100.00% 0.483%
Ordinary resolutions Shares voted for: Shares voted against: Number of shares voted Shares abstained:
1. Approval of the Transaction as a Category 1 transaction as required by and in terms of the JSE Listings Requirements 757 687 732 516 272 758 204 004 4 444 664
% of shares voted % of shares voted % of total issued shares % of total issued shares
99,932% 0,068% 100.00% 0,485%
2. Specific approval and authority granted to the Board to allot and issue from the current and/or any future authorised but unissued Sibanye Shares (i) the Consideration Shares to RPM; and/or (ii) Sibanye Shares to various investors for the purpose of generating cash for the payment of the Purchase Price or any portion thereof. 757 652 776 564 768 758 217 544 4 431 124
% of shares voted % of shares voted % of total shares % of total issued shares
99.926% 0.074% 100.00% 0,484%

The implementation of the Transaction is still subject to, amongst others, the fulfilment of the following conditions precedent:

  • The approval on or before 30 June 2017 of the Transaction by the competition authorities of the Republic of South Africa; and
  • On or before 30 June 2017 the granting of consent in terms of section 11 of the MPRDA for the sale of the Mining Right and the Prospecting Right to the Purchaser pursuant to the Transaction.

Sibanye Shareholders will be notified once the all the outstanding conditions precedent as set out in the Circular have been fulfilled and the transaction implemented.

18 January 2016
Libanon

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 Limited

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