Dividends

H1 2023

The Sibanye-Stillwater board of directors has declared and approved a cash dividend of 53 SA cents per ordinary share (2.7983 US cents* per share or US 11.1932 cents* per ADR) or approximately R1,500 million (US$79 million*) in respect of the six months ended 30 June 2023 (Interim dividend). The Board applied the solvency and liquidity test and reasonably concluded that the company will satisfy that test immediately after completing the proposed distribution.

Shareholders are advised of the following dates:

Interim dividend: 53 SA cents per share
Declaration date: Tuesday, 29 August 2023
Last date to trade cum dividend: Tuesday, 19 September 2023
Shares commence trading ex-dividend: Wednesday, 20 September 2023
Record date: Friday, 22 September 2023
Payment of dividend: Tuesday, 26 September 2023

To holders of American Depositary Receipts (ADRs):

Each ADR represents 4 ordinary shares
ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 21 September 2023;
Record date: Friday, 22 September 2023;
Approximate date of currency conversion: Tuesday, 27 September 2023; and
Approximate payment date of dividend: Tuesday, 10 October 2023

Please note that share certificates may not be dematerialised or rematerialised between Wednesday, 20 September 2023 and Friday, 22 September 2023 both dates inclusive.

* Based on an exchange rate of R18.9400/US$ at 22 August 2023 from EquityRT. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

YE 2022

The Board approved a final dividend for H2 2022 of R3.5 billion (US$191 million) or 122 SA cents per share (26.98 US cents* per ADR), which
is at the upper end of the Group dividend policy range of 25% to 35% of normalised earnings. Together with the interim dividend of R3.9
billion (US$230 million) (138 SA cents per share/32.4640 US cents per ADR) for H1 2022, this represents a leading annual dividend yield of 6%
for 2022 (at the closing JSE share price of R44.72/share on 31 December 2022).

Shareholders are advised of the following dates in respect of the final dividend:

Final dividend: 122 SA cents per share
Declaration date: Tuesday, 28 February 2023
Last date to trade cum dividend: Monday, 20 March 2023
Shares commence trading ex-dividend: Wednesday, 22 March 2023
Record date: Friday, 24 March 2023
Payment of dividend: Monday, 27 March 2023

To holders of American Depositary Receipts (ADRs):

Each ADR represents 4 ordinary shares;
ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 23 March 2023;
Record Friday, 24 March 2023;
Approximate date of currency conversion: Monday, 27 March 2023; and
Approximate payment date of dividend: Monday, 10 April 2023

Please note that share certificates may not be dematerialised or rematerialised between Wednesday, 22 March 2023 and Friday, 24 March 2023
both dates inclusive

Assuming an exchange rate of R18.0887/US$1*, the dividend payable on an ADR is equivalent to 26.98 United States cents for Shareholders liable to pay dividend withholding tax. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

* Based on an exchange rate of R18.0887/US$ at 20 February 2023 from IRESS. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

H1 2022

The Sibanye-Stillwater board of directors has declared and approved a cash dividend of 138 SA cents per ordinary share (8.1160 US cents* per
share or US 32.4640 cents* per ADR) or approximately R3,914 million (US$230 million*) in respect of the six months ended 30 June 2022 (Interim
dividend). The Board applied the solvency and liquidity test and reasonably concluded that the company will satisfy that test immediately after
completing the proposed distribution.

Shareholders are advised of the following dates:

Interim dividend: 138SA cents per share
Declaration date: Thursday, 25 August 2022
Last date to trade cum dividend: Tuesday, 13 September 2022
Shares commence trading ex-dividend: Wednesday, 14 September 2022
Record date: Friday, 16 September 2022
Payment of dividend: Monday, 19 September 2022

To holders of American Depositary Receipts (ADRs):

Each ADR represents 4 ordinary shares
ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 15 September 2022
Record date: Friday, 16 September 2022
Approximate date of currency conversion: Monday, 19 September 2022
Approximate payment date of dividend: Monday, 3 October 2022

Please note that share certificates may not be dematerialised or rematerialised between Wednesday, 14 September 2022 and Friday, 16 September 2022 both dates inclusive.

* Based on an exchange rate of R17.0034/US$ at 22 August 2022 from IRESS. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

YE 2021

The Board approved a final dividend for H2 2021 of R5.3 billion (US$342 million) or 187 SA cents per share (48.68 US cents* per ADR), which is at the upper end of the Group dividend policy range of 25% to 35% of normalised earnings. Together with the record interim dividend of R8.5 billion (US$565 million) (292 SA cents per share/77.2 US cents per ADR) for H1 2021, this represents a leading annual dividend yield of 9.8% for 2021 (at the closing JSE share price of R49.10/share on 31 December 2021). In addition to the record dividends, the Group repurchased 5% of its issued capital between June and October 2021, signifying a substantial return of value for shareholders.

Shareholders are advised of the following dates in respect of the final dividend:

Final dividend: 187 SA cents per share
Declaration date: Thursday, 3 March 2022
Last date to trade cum dividend: Tuesday, 22 March 2022
Shares commence trading ex-dividend: Wednesday, 23 March 2022
Record date: Friday, 25 March 2022
Payment of dividend: Monday, 28 March 2022

To holders of American Depositary Receipts (ADRs):

Each ADR represents 4 ordinary shares;
ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 24 March 2022;
Record Friday, 25 March 2022;
Approximate date of currency conversion: Monday, 28 March 2022; and
Approximate payment date of dividend: Monday, 11 April 2022

Please note that share certificates may not be dematerialised or rematerialised between Wednesday, 23 March 2022 and Friday, 25 March 2022 both dates inclusive.

Assuming an exchange rate of R15.3650/US$1*, the dividend payable on an ADR is equivalent to 48.68 United States cents for Shareholders liable to pay dividend withholding tax. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

* Based on an exchange rate of R15.3650/US$ at 28 February 2022 from IRESS.

H1 2021

The Sibanye-Stillwater board of directors has declared and approved a cash dividend of 292 SA cents per ordinary share (19.3036 US cents* per share or US 77.2145 cents* per ADR) or approximately R8,544 million (US$565 million*) in respect of the six months ended 30 June 2021 (“Interim dividend”). The Board applied the solvency and liquidity test and reasonably concluded that the company will satisfy that test immediately after completing the proposed distribution. The interim dividend declared of 292 SA cents equates to 35% of normalised earnings for the period ended June 2021.

Shareholders are advised of the following dates:

Interim dividend: 292 SA cents per share
Declaration date: Thursday, 26 August 2021
Last date to trade cum dividend: Tuesday, 14 September 2021
Shares commence trading ex-dividend: Wednesday, 15 September 2021
Record date: Friday, 17 September 2021
Payment of dividend: Monday, 20 September 2021

To holders of American Depositary Receipts (ADRs):

Each ADR represents 4 ordinary shares
ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 16 September 2021
Record date: Friday, 17 September 2021
Approximate date of currency conversion: Monday, 20 September 2021
Approximate payment date of dividend: Friday, 1 October 2021

September 21, 2021: Important notice to holders of Sibanye-Stillwater shares from BNY Mellon [PDF]

Please note that share certificates may not be dematerialised or rematerialised between Wednesday, 15 September 2021 and Friday, 17 September 2021 both dates inclusive.

Assuming an exchange rate of R15.1267/US$1*, the dividend payable on an ADR is equivalent to 77.2100 United States cents for Shareholders liable to pay dividend withholding tax. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

* Based on an exchange rate of R15.1267/US$ at 23 August 2021 from IRESS.

YE 2020

Sibanye-Stillwater declared a final dividend of 321 SA cents (2019: nil) per share, together with the interim dividend of 50 SA cents (2019: nil) per share (declared and paid), this brings the total dividend for the year ended 31 December 2020 to 371 SA cents (2019: nil) per share, which amounts to 35% of normalised earnings.

Declaration date: Thursday, 18 February 2021
Last date to trade cum dividend: Tuesday, 16 March 2021
Shares commence trading ex-dividend: Wednesday, 17 March 2021
Record date: Friday, 19 March 2021
Payment of dividend: Tuesday, 23 March 2021

To holders of American Depositary Receipts (ADRs):

Each ADR represents 4 ordinary shares;
ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 18 March 2021;
Record date: Friday, 19 March 2021;
Approximate date of currency conversion: Tuesday, 23 March 2021; and
Approximate payment date of dividend: Thursday, 1 April 2021