Mining wage

Sibanye Stillwater signs three-year pay deal and lifts lockout at its South African gold operations – Form 6-K

Sibanye-Stillwater signs three-year wage deal and lifts lockdown on its South African gold operations

Johannesburg, June 13, 2022: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to confirm

that on June 11, 2022, she signed a three-year salary agreement for her SA gold operations, effective from

July 1, 2021. As a result, the lockout has been lifted for members of trade unions, the Association of
Miners and Construction Union (AMCU) and National Miners Union (NUM).

Wage deal signed is in line with management’s attempts to achieve inflation reduction

increase with this agreement resulting in an average increase of 6.3% over a three-year period.

Among other clauses, the critical terms of the final salary agreement are as follows:

Employees in category 4 to 8 will receive an increase of R1,000 in the first year (an annual increase of 7.7%). R900 in
year 2 (an annual increase of 6.5%); and R750 in year 3 (an annual increase of 5.2%)
Miners, Craftsmen and Civil Servants will receive an average increase of 5% in the 1st year; *5.5% (or CPI if CPI is
between 5% and 5.5%) in year 2; and 5% in year 3

*If the CPI is above 5.5%. then the increase will be 5.5%, if the CPI is below 5% the increase will be 5%, or if the CPI is between 5% and 5.5%
then the increase will be the same as the CPI.

In addition to employees in categories 4 to 8, the one-time hardship allowance of R3,000 offered by the

The CCMA will also be extended to Miners, Artisans and Civil Servants. The hardship allowance will consist of a
guaranteed cash payment of R1,200, with the balance of up to R1,800 applied towards reduction of

employee debts or loans due to the Company, which the Company has incurred to ensure that, among

other medical aid contributions and risk benefits were covered during the lockout.

The final agreement will also be extended to all UASA and Solidarity members.

The operational start after the strike will be done gradually over a period of 2 to 3 months to guarantee

the resumption of production in complete safety.

Group CEO Neal Froneman said: “We look forward to restarting our gold operations in South Africa.
for the benefit of all stakeholders. We thank the CCMA for the mediation role that resulted in a just

result to all stakeholders. We are happy to have reached an agreement in line with inflation

and which will contribute significantly to the sustainability of our gold operations.”

About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals group with a diversified portfolio of mining and processing operations
operations, projects and investments on five continents. The Group is also one of the world’s leading PGMs
autocatalytic recyclers and has interests in major tailings reprocessing operations. For more information, visit
our website at

www.sibanyestillwater.com

Investor relations contact:
Email: [email protected]
James Wellsted

Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com

Sponsor: JP Morgan Equities South Africa Proprietary Limited

FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the “safe harbor” 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 contain forward-looking statements. Forward-looking statements can be identified
by the use of words such as “will”, “would”, “expect”, “plan”, “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 (“Sibanye-
Stillwater”) future business outlook, financial condition, production and operational orientation, climate and ESG-
statements, targets and related measures, management plans and objectives for future operations and ability to
successfully complete or integrate current and future acquisitions, are necessarily estimates reflecting the best
judgment of the senior management of Sibanye-Stillwater. Readers are cautioned not to place undue reliance on these
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 which could
cause its actual results and results to differ materially from historical results or any future results
expressed or implied by these forward-looking statements. Accordingly, these forward-looking statements
should be considered in light of various important factors, including those set forth in the Sibanye-Stillwater 2021 report
Integrated Annual Report and Annual Report on Form 20-F filed with the United States Securities and Exchange
Commission on April 22, 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 commitment to update or
revise any forward-looking statements (except as required by law).