SIBANYE STILLWATER LIMITED - Sibanye-Stillwater reaches a three-year wage agreement at its SA gold operations

Sibanye-Stillwater reaches a three-year wage agreement at its SA gold operations

Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
("Sibanye-Stillwater","the Company" and/or "the Group")
Website: www.sibanyestillwater.com


Sibanye-Stillwater reaches a three-year wage agreement at its SA gold
operations

Johannesburg, 2 December 2025: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW)
is pleased to announce the successful conclusion of wage negotiations at its
South African (SA) gold operations, which began in July 2025. A three-year
agreement has been reached with the representative unions — the Association
of Mineworkers and Construction Union (AMCU), the National Union of
Mineworkers (NUM), UASA, and Solidarity — regarding annual wage and benefit
increases for the SA gold employees.

The agreement is effective for three years from 1 July 2025 to 30 June 2028,
with the estimated average three-year basic wage increase for the total
bargaining-unit wage bill, including all benefits, approximately 5.4% per
annum. Category 4- 8 employees will receive an increase on the greater of the
standard rate of pay of R850 or 4.5% in year 1; R900 or 4.8% in year 2; and
R1,000 or 5.0% in year 3 while miners, artisans and officials will receive
increases of 4.5% in year 1, 4.8% in year 2 and 5.0% in year 3 of the
agreement.

Sibanye-Stillwater CEO, Richard Stewart, commented: "We would like to
acknowledge organised labour for the constructive dialogue and are pleased to
have finalised a multi-year wage agreement that is fair for our employees
while also providing stability and sustainability at the SA gold operations,
aligning all stakeholders' interests."



About Sibanye-Stillwater

Sibanye-Stillwater is a multinational mining and metals processing group with
a diverse portfolio of operations, projects and investments across five
continents. The Group is also one of the foremost global recyclers of a suite
of metals and has interests in leading mine tailings retreatment operations.

Sibanye-Stillwater is one of the world's largest primary producers of
platinum, palladium, and rhodium and is a top tier gold producer. It also
produces and refines iridium and ruthenium, nickel, chrome, copper and
cobalt. The Group has also diversified into battery metals mining and
processing and has increased its presence in the circular economy by growing
its recycling and tailings reprocessing exposure globally. For more
information, see www.sibanyestillwater.com.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com

LinkedIn: https://www.linkedin.com/company/sibanye-stillwater
Facebook: https://www.facebook.com/SibanyeStillwater
YouTube: https://www.youtube.com/@sibanyestillwater/videos
X: https://twitter.com/SIBSTILL

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited


DISCLAIMER

FORWARD LOOKING STATEMENTS

This announcement contains forward-looking statements within the meaning of
the "safe harbour" provisions of the United States Private Securities
Litigation Reform Act of 1995. All statements other than statements of
historical fact included in this presentation may be forward-looking
statements. Forward-looking statements may be identified by the use of words
such as "will", "would", "expect", "forecast", "potential", "may", "could"
"believe", "aim", "anticipate", "intend", "target", "estimate" and words of
similar meaning.

These forward-looking statements, including among others, those relating to
Sibanye Stillwater Limited's (Sibanye-Stillwater or the Group) future
financial position, business strategies and other strategic initiatives,
business prospects, industry forecasts, production and operational guidance,
climate and ESG-related targets and metrics, and plans and objectives for
future operations, project finance and the completion or successful
integration of acquisitions, are necessarily estimates reflecting the best
judgement of Sibanye-Stillwater's senior management. Readers are cautioned
not to place undue reliance on such statements. Forward-looking statements
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 its actual results and outcomes to be
materially different from historical results or from any future results
expressed or implied by such forward-looking statements. As

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Date: 02-12-2025 12:00:00
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