Exhibit 99.1
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863
Website:
www.sibanyestillwater.com
MARKET RELEASE
Sibanye-Stillwater receives notice from Appian Capital to commence legal proceedings
Johannesburg, 30 May 2022: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) confirms that on 27 May
2022 it received a Claim Form and Particulars of Claim (the Claim) from BM Brazil 1 Fundo De Investimento
EM Participacoes Multistrategia, BM Brazil 2 Fundo De Investimento EM Participacoes Multistrategia and ANRH
Cooperatief U.A, affiliates of Appian Capital Advisory LLP (Appian). The Claim commences legal proceedings
Cooperatief U.A, affiliates of Appian Capital Advisory LLP (Appian). The Claim commences legal proceedings
before the High Court of England and Wales (Commercial Court) against the Group following termination of
the share purchase agreements (SPAs) it had concluded with Appian for the acquisition of the Santa Rita
the share purchase agreements (SPAs) it had concluded with Appian for the acquisition of the Santa Rita
and Serrote mines in Brazil. Sibanye-Stillwater had terminated the SPAs on 24 January 2022 following a
geotechnical event at Santa Rita which it had concluded was and is reasonably expected to be material
and adverse to the business, financial condition, results of operations, the properties, assets, liabilities or
and adverse to the business, financial condition, results of operations, the properties, assets, liabilities or
operations of Santa Rita.
Sibanye-Stillwater will defend the Claim.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals Group with a diverse portfolio of mining and processing
operations and projects and investments across five continents. The Group is also one of the foremost global PGM
autocatalytic recyclers and has interests in leading mine tailings retreatment operations. For more information, visit our
website at www.sibanyestillwater.com
Sibanye-Stillwater is a multinational mining and metals Group with a diverse portfolio of mining and processing
operations and projects and investments across five continents. The Group is also one of the foremost global PGM
autocatalytic recyclers and has interests in leading mine tailings retreatment operations. For more information, visit our
website at 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
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
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 announcement 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”, “target”, “estimate” and words of similar meaning.
These forward-looking statements, including among others, those relating to Sibanye-Stillwater Limited’s (“Sibanye-Stillwater”) future business
prospects, financial positions, production and operational guidance, climate and ESG-related statements, targets and metrics, plans and objectives
of management for future operations and ability to complete or successfully integrate ongoing and future 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
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 a consequence, these forward-looking statements should be
considered in light of various important factors, including those set forth in Sibanye-Stillwater’s 2021 Integrated Annual Report and annual report on
Form 20-F filed with the United States Securities and Exchange Commission on 22 April 2022 (SEC File no. 333-234096). These forward-looking statements
speak only as of the date of this announcement. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any forward-
looking statement (except to the extent legally required).