www.sibanyestillwater.com
MARKET RELEASE
Acquisition of Lonmin receives necessary shareholder approvals
Johannesburg, 28 May 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to note the
announcement by Lonmin Plc (“Lonmin”) that it received the requisite approvals from Lonmin
Shareholders at its shareholder meetings held earlier today in connection with the all-share offer by
Sibanye-Stillwater to acquire the entire issued share capital of Lonmin, to be effected by a scheme of
arrangement under Part 26 of the UK Companies Act 2006 (“Lonmin transaction”). This follows today’s
announcement by Sibanye-Stillwater that Sibanye-Stillwater Shareholders had approved the Ordinary
Resolution regarding the Lonmin transaction at Sibanye-Stillwater’s General Meeting held earlier today.
Neal Froneman, CEO of Sibanye-Stillwater, commented: “We are pleased to have received the
overwhelming support of both sets of shareholders for the Lonmin transaction. The rationale for this
transaction remains compelling and we are convinced the integration of Lonmin’s PGM assets with
Sibanye-Stillwater’s adjacent PGM operations, will ensure a more sustainable and positive future for all
these assets. The transaction, once successfully completed, will establish the Sibanye-Stillwater Group as
the largest primary producer of platinum and second largest primary palladium producer with a unique
geographical and platinum group metal mix. I would also like to acknowledge and thank the regulatory
authorities both in the United Kingdom and South Africa, for the balanced and considered manner with
which they approached this transaction and its long-term significance for all stakeholders, which we also
take very seriously."
Completion of the Lonmin transaction remains subject to the satisfaction or (where applicable) waiver of
the outstanding Conditions set out in the Lonmin Scheme Document. Such Conditions include, amongst
others, the approval of the Scheme by the Court. Subject to the satisfaction or waiver (as applicable) of
such Conditions, the Scheme is expected to become effective after 6.00 p.m. (London time) on 7 June
2019 and the new Sibanye-Stillwater Shares to be issued to Lonmin Shareholders, as the consideration for
the Lonmin transaction, are expected to be admitted to trading on the Main Board of the Johannesburg
Stock Exchange at 9.00 a.m. (South African standard time) on 10 June 2019. Further information regarding
the timetable for the Lonmin transaction is set out in the scheme document published by Lonmin on 25
April 2019.
All capitalised terms contained in this announcement have the same meaning ascribed to them in the
circular posted to Sibanye-Stillwater shareholders on 25 April 2019, unless otherwise defined.
For more information on the proposed acquisition of Lonmin by Sibanye-Stillwater, please refer to
https://www.sibanyestillwater.com/investors/transactions/lonmin.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863