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SIBANYE GOLD LIMITED - Change in auditor for the 2019 financial reporting period

Release Date: 26/09/2018 17:00
Code(s): SGL     PDF:  
Wrap Text
Change in auditor for the 2019 financial reporting period

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”)

CHANGE IN AUDITOR FOR THE 2019 FINANCIAL REPORTING PERIOD

Johannesburg, 26 September 2018. Shareholders are referred to the SENS announcement
released and posted to shareholders on 4 May 2018, wherein, the Company was to embark
on a process of selecting a new independent external audit firm for the Group, with
respect to the financial year ending 31 December 2019.

Pursuant to Sections 3.84 (g) (iii) and 3.86 of the JSE Listings Requirements, the
Board of Directors, following a recommendation from the Audit Committee, wishes to
inform Shareholders that after a formal tender process to appoint a new firm of
external auditors, Ernst & Young South Africa (EY) have been appointed as the
Company’s external auditors, with Lance Ian Neame Tomlinson as the designated audit
partner for the financial year ending 31 December 2019.

KPMG Inc’s appointment as external auditors will end on conclusion of its
responsibilities relating to the 31 December 2018 financial year audit, which is
expected to be concluded during the first half of 2019 calendar. EY’s appointment
as external auditor will be effective immediately after KPMG Inc’s appointment ends,
subject to receiving the requisite shareholder approval in the next annual general
meeting, expected to be held during May 2019.

The audit reports of KPMG Inc on the consolidated financial statements of Sibanye-
Stillwater as of and for the years ended 31 December 2017, 2016 and 2015 and the
audit report of KPMG Inc on the effectiveness of internal control over financial
reporting as of 31 December 2017 did not contain any adverse opinion or disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles. During Sibanye-Stillwater’s financial years ended 31 December
2017, 2016 and 2015 and through the subsequent 2018 interim period, there were no
disagreements between Sibanye-Stillwater and KPMG Inc on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures, which disagreements if not resolved to their satisfaction, would have
caused them to make reference in connection with their opinion on the consolidated
financial statements, to the subject matter of the disagreement, or reportable
events.



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: 26/09/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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,
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