1
Exhibit 99.1
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”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863
Website: www.sibanyestillwater.com
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”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863
Website: www.sibanyestillwater.com
MARKET RELEASE
Dealings by Directors and Prescribed Officers
Johannesburg, 11 November 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) in compliance
with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("the Listings Requirements") hereby
advises shareholders that Messrs NJ Froneman and C Keyter, Chief Executive Officer and Chief Financial
Officer of Sibanye Stillwater Limited have retained and/ or sold Bonus Shares which were granted on
1 March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share Plan. Bonus Shares
awarded to Messrs Froneman and Keyter were sold in order to settle the associated tax liability.
with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("the Listings Requirements") hereby
advises shareholders that Messrs NJ Froneman and C Keyter, Chief Executive Officer and Chief Financial
Officer of Sibanye Stillwater Limited have retained and/ or sold Bonus Shares which were granted on
1 March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share Plan. Bonus Shares
awarded to Messrs Froneman and Keyter were sold in order to settle the associated tax liability.
Name
NJ Froneman
Position
Chief Executive Officer
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
Retention of bonus shares awarded on
1 March 2019
Transaction Date
9 November 2020
Number of Shares
78 188
Class of Security
Ordinary Shares
Market Price per share:
Low -
High -
sell price -
sell price -
R56.4374
R56.4374
R56.4374
R56.4374
Total Value
R4 412 727,43
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
Name
NJ Froneman
Position
Chief Executive Officer
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares to cover
associated tax liability
Transaction Date
9 November 2020
Number of Shares
67 956
Class of Security
Ordinary shares
Market Price per share:
Low -
High -
sell price -
sell price -
R52.3500
R57.6500
R56.4374
R56.4374
2
Total Value
R3 835 259,95
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
Name
NJ Froneman
Position
Chief Executive Officer
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
Retention of bonus shares awarded on 1 March
2019
Transaction Date
10 November 2020
Number of Shares
7 024
Class of Security
ADR
Market Price per share:
Low -
High -
sell price -
sell price -
USD 13.23
USD 13.86
USD 13.75
USD 13.75
Total Value
USD 96 580
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
Name
NJ Froneman
Position
Chief Executive Officer
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares to cover
associated tax liability
Transaction Date
10 November 2020
Number of Shares
3 422
Class of Security
ADR
Market Price per share:
Low -
High -
sell price -
sell price -
USD 13.23
USD 13.86
USD 13.75
USD 13.75
Total Value
USD 47 052,50
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
Name
C Keyter
Position
Chief Financial Officer
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
Retention of bonus shares awarded on 1 March
2019
Transaction Date
9 November 2020
Number of Shares
49 227
Class of Security
Ordinary Shares
Market Price per share:
Low -
High -
sell price -
sell price -
R56.4374
R56.4374
R56.4374
R56.4374
Total Value
R2 778 243,89
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
3
Name
C Keyter
Position
Chief Financial Officer
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares to cover
associated tax liability
associated tax liability
Transaction Date
9 November 2020
Number of Shares
42 786
Class of Security
Ordinary shares
Market Price per share:
Low -
High -
High -
sell price -
R52.3500
R57.6500
R57.6500
R56.4374
Total Value
R2 414 730,60
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
of the Grant Date
Dealing in securities by prescribed officers of the Company
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders are further advised
that the following prescribed officers of the Company have retained and/ or sold Bonus Shares which
were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share
were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share
Plan.
Name
R van Niekerk
Position
EVP: Technical Services
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
Retention of bonus shares awarded on 1 March
2019
Transaction Date
9 November 2020
Number of Shares
37 427
Class of Security
Ordinary Shares
Market Price per share:
Low -
Low -
High -
sell price -
R56.4374
R56.4374
R56.4374
Total Value
R2 112 282,5698
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
of the Grant Date
Name
R van Niekerk
Position
EVP: Technical Services
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares to cover
associated tax liability
Transaction Date
9 November 2020
Number of Shares
32 529
Class of Security
Ordinary shares
Market Price per share:
Low -
Low -
High -
sell price -
R52.3500
R57.6500
R56.4374
4
Total Value
R1 835 852,18
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
Name
S Bessit
Position
EVP: SA Gold Segment
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares
Transaction Date
9 November 2020
Number of Shares
40 315
Class of Security
Ordinary shares
Market Price per share:
Low -
High -
High -
sell price -
R52.3500
R57.6500
R57.6500
R56.4374
Total Value
R2 275 273,78
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
of the Grant Date
Name
JD Mostert
Position
EVP: Organisational Growth
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares
Transaction Date
9 November 2020
Number of Shares
51 077
Class of Security
Ordinary shares
Market Price per share:
Low -
High -
sell price -
sell price -
R52.3500
R57.6500
R56.4374
R56.4374
Total Value
R2 882 653,08
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
Name
TG Nkosi
Position
EVP: Corporate Affairs
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares
Transaction Date
9 November 2020
Number of Shares
43 635
Class of Security
Ordinary shares
Market Price per share:
Low -
Low -
High -
sell price -
sell price -
R52.3500
R57.6500
R56.4374
R56.4374
Total Value
R2 462 645,95
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
5
Name
WDR Robinson
Position
EVP: US PGM Segment
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares
Transaction Date
9 November 2020
Number of Shares
52 984
Class of Security
Ordinary shares
Market Price per share:
Low -
High -
High -
sell price -
R52.3500
R57.6500
R57.6500
R56.4374
Total Value
R2 990 279,20
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
of the Grant Date
Dealing in securities by a director of major subsidiaries
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders are further advised
that the director of a major subsidiary of Sibanye-Stillwater being Mr Richard Stewart, Executive Director
Stillwater Mining Company traded as follows:
Stillwater Mining Company traded as follows:
Name
RA Stewart
Position
EVP: Business Development
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of bonus shares
Transaction Date
9 November 2020
Number of Shares
54 296
Class of Security
Ordinary shares
Market Price per share:
Low -
High -
High -
sell price -
R52.3500
R57.6500
R57.6500
R56.4374
Total Value
R3 064 325,07
Vesting Period
Vest in equal parts on 9 months and 18 months
of the Grant Date
of the Grant Date
Name
RA Stewart
Position
EVP: Business Development
Company
Sibanye Stillwater Limited
Nature of interest
Direct and Beneficial
Nature of transaction
On market sale of shares
Transaction Date
9 November 2020
Number of Shares
140 000
Class of Security
Ordinary shares
Market Price per share:
R57.00
Total Value
R7 980 000,00
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above
securities has been obtained.
securities has been obtained.
Ends.
6
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Website: www.sibanyestillwater.com
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Website: www.sibanyestillwater.com
FORWARD LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the meaning of the
“safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. These
forward-looking statements, including, among others, those relating to Sibanye Stillwater Limited’s
forward-looking statements, including, among others, those relating to Sibanye Stillwater Limited’s
(“Sibanye-Stillwater” or the “Group”) financial positions, business strategies, plans and objectives of
management for future operations, are necessarily estimates reflecting the best judgment of the senior
management for future operations, are necessarily estimates reflecting the best judgment of the senior
management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement may be forward-
looking statements. Forward-looking statements also often use words such as “will”, “forecast”, “potential”,
“estimate”, “expect” and words of similar meaning. By their nature, forward-looking statements involve risk
and uncertainty because they relate to future events and circumstances and should be considered in
and uncertainty because they relate to future events and circumstances and should be considered in
light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to
place undue reliance on such statements.
place undue reliance on such statements.
The important factors that could cause Sibanye-Stillwater’s actual results, performance or achievements
to differ materially from those in the forward-looking statements include, among others, our future business
to differ materially from those in the forward-looking statements include, among others, our future business
prospects; financial positions; debt position and our ability to reduce debt leverage; business, political and
social conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and objectives of
social conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and objectives of
management for future operations; our ability to obtain the benefits of any streaming arrangements or
pipeline financing; our ability to service our bond instruments; changes in assumptions underlying Sibanye-
Stillwater’s estimation of their current mineral reserves and resources; the ability to achieve anticipated
Stillwater’s estimation of their current mineral reserves and resources; the ability to achieve anticipated
efficiencies and other cost savings in connection with past, ongoing and future acquisitions, as well as at
existing operations; our ability to achieve steady state production at the Blitz project; the success of
existing operations; our ability to achieve steady state production at the Blitz project; the success of
Sibanye-Stillwater’s business strategy; exploration and development activities; the ability of Sibanye-
Stillwater to comply with requirements that they operate in a sustainable manner; changes in the market
price of gold, PGMs and/or uranium; the occurrence of hazards associated with underground and surface
price of gold, PGMs and/or uranium; the occurrence of hazards associated with underground and surface
gold, PGMs and uranium mining; the occurrence of labour disruptions and industrial action; the availability,
terms and deployment of capital or credit; changes in relevant government regulations, particularly
terms and deployment of capital or credit; changes in relevant government regulations, particularly
environmental, tax, health and safety regulations and new legislation affecting water, mining, mineral
rights and business ownership, including any interpretations thereof which may be subject to dispute; the
outcome and consequence of any potential or pending litigation or regulatory proceedings or other
outcome and consequence of any potential or pending litigation or regulatory proceedings or other
environmental, health and safety issues; power disruptions, constraints and cost increases; supply chain
shortages and increases in the price of production inputs; fluctuations in exchange rates, currency
devaluations, inflation and other macro-economic monetary policies; the occurrence of temporary
devaluations, inflation and other macro-economic monetary policies; the occurrence of temporary
stoppages of mines for safety incidents and unplanned maintenance; the ability to hire and retain senior
management or sufficient technically skilled employees, as well as their ability to achieve sufficient
management or sufficient technically skilled employees, as well as their ability to achieve sufficient
representation of historically disadvantaged South Africans in management positions; failure of
information technology and communications systems; the adequacy of insurance coverage; any social
unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-
unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-
Stillwater’s operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases,
such as coronavirus (“COVID-19”). Further details of potential risks and uncertainties affecting Sibanye-
such as coronavirus (“COVID-19”). Further details of potential risks and uncertainties affecting Sibanye-
Stillwater are described in Sibanye-Stillwater’s filings with the Johannesburg Stock Exchange and the
United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater expressly
disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the
disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the
extent legally required).