Dealings in securities Sibanye Gold Limited Trading as Sibanye-Stillwater Incorporated in the Republic of South Africa Registration number 2002/031431/06 Share code: SGL ISIN – ZAE000173951 Issuer code: SGL (“Sibanye-Stillwater” or “the Group” or “the Company”) Dealing in securities Johannesburg, 18 May 2018. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of JSE Limited ("the Listings Requirements") we hereby advise that Mr Neal Froneman, Chief Executive Officer, Mr Charl Keyter, Chief Financial Officer and Mr Cain Farrel, Company Secretary of Sibanye-Stillwater accepted capitalisation shares awarded in respect of Performance Shares awarded on 1 March 2016, 1 March 2017 and 1 March 2018 and Bonus Shares awarded on 1 March 2017 and 1 March 2018. In accordance with the rules of the share plan applicable to capitalisation events, Messrs Froneman, Keyter and Farrel were awarded four additional shares for every 100 previously awarded and unvested at the time of the capitalisation issue announced on 22 February 2018 (the “Capitalisation award”). The date of acceptance of Capitalisation award detailed below was 17 May 2018. Details of the transactions are set out below: Name NJ Froneman Position Chief Executive Officer and Executive Director Company Sibanye-Stillwater Number of bonus shares awarded and 601 635 unvested on capitalisation issue date Number of capitalisation bonus 24 066 shares awarded Class of security Ordinary shares Total number of bonus shares 625 701 Extent of interest Indirect Beneficial Nature of transaction Award of capitalisation bonus shares in respect of previously awarded bonus shares Name NJ Froneman Position Chief Executive Officer and Executive Director Company Sibanye-Stillwater Number of performance shares 7 191 861 awarded and unvested on capitalisation issue date Number of capitalisation 287 674 performance shares awarded Class of security Ordinary shares Total number of performance shares 7 479 535 Extent of interest Indirect Beneficial Nature of transaction Award of capitalisation performance shares in respect of previously awarded performance shares Name C Keyter Position Chief Financial Officer and Executive Director Company Sibanye-Stillwater Number of bonus shares awarded and 295 311 unvested on capitalisation issue date Number of capitalisation bonus 11 812 shares awarded Class of security Ordinary shares Total number of shares 307 123 Extent of interest Indirect Beneficial Nature of transaction Award of capitalisation bonus shares in respect of previously awarded bonus shares Name C Keyter Position Chief Financial Officer and Executive Director Company Sibanye-Stillwater Number of performance shares 3 607 186 awarded and unvested on capitalisation issue date Number of capitalisation shares 144 288 awarded Class of security Ordinary shares Total number of shares 3 751 494 Extent of interest Indirect Beneficial Nature of transaction Award of capitalisation performance shares in respect of previously awarded bonus shares Name C Farrel Position Company Secretary Company Sibanye-Stillwater Number of bonus shares awarded and 70 961 unvested on capitalisation issue date Number of capitalisation bonus 2 839 shares awarded Class of security Ordinary shares Total number of shares 73 800 Extent of interest Indirect Beneficial Nature of transaction Award of capitalisation bonus shares in respect of previously awarded bonus shares Name C Farrel Position Company Secretary Company Sibanye-Stillwater Number of performance shares 766 671 awarded and unvested on capitalisation issue date Number of capitalisation shares 30 666 awarded Class of security Ordinary shares Total number of shares 797 337 Extent of interest Indirect Beneficial Nature of transaction Award of capitalisation performance shares in respect of previously awarded bonus shares 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 Head of Investor Relations +27 (0) 83 453 4014 email: ir@sibanyestillwater.com Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited FORWARD LOOKING STATEMENTS This announcement includes “forward-looking statements” within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law. Date: 18/05/2018 03:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.