Sibanye Stillwater: 2021 Integrated Report Summary Online

The information in this report may contain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including, among others, those relating to Sibanye Stillwater Limited (” Sibanye-Stillwater” or the “Group”) financial positions, business strategies, plans and management objectives for future operations, are necessarily estimates reflecting the best judgment of the general management and directors of Sibanye-Stillwater and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Accordingly, these forward-looking statements should be considered in light of various important factors, including those set forth in this report.

All statements other than statements of historical facts included in this report may be forward-looking statements. Forward-looking statements also often use words such as “will”, “should”, “expect”, “anticipate”, “potential”, “may”, “could”, “believe”, “aim”, ” anticipates”, “target”, “estimate” and words of similar meaning. By their nature, forward-looking statements involve risks and uncertainties because they relate to future events and circumstances and should be considered in light of various factors. material, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements.

Important factors that could cause the actual results, performance or achievements of Sibanye-Stillwater to differ materially from the estimates or projections contained in the forward-looking statements include, without limitation: the future financial condition of Sibanye-Stillwater , its plans, strategies, objectives, capital expenditures, projected costs and anticipated cost savings, financing plans, debt position and ability to reduce debt leverage; economic, business, political and social conditions in South Africa, Zimbabwe, the United States and elsewhere; management plans and objectives for future operations; Sibanye-Stillwater’s ability to obtain the benefits of any broadcast or pipeline financing agreements; Sibanye-Stillwater’s ability to comply with loans and other covenants and restrictions and difficulties in obtaining additional financing or refinancing; Sibanye-Stillwater’s ability to manage its debt instruments (including high yield bonds and convertible bonds, if any); changes in assumptions underlying Sibanye-Stillwater’s estimate of its current mineral reserves; any failure of a tailings storage facility; the ability to realize anticipated efficiencies and other cost savings in connection with past, pending and future acquisitions, as well as existing operations, and the ability to successfully integrate them; Sibanye-Stillwater’s ability to complete any pending or future acquisitions; the success of Sibanye-Stillwater’s business strategy and exploration and development activities, including any proposed, anticipated or planned expansions into battery metals or adjacent businesses and estimates or expectations of the value of the business ; Sibanye-Stillwater’s ability to comply with requirements that it operates in a manner that provides progressive benefits to affected communities; changes in the market price of gold, PGMs, battery metals (e.g. nickel, lithium, copper and zinc) and the cost of electricity, petroleum fuels and oil, among other commodities and supply needs; the occurrence of hazards associated with underground and surface mining; any further downgrade of South Africa’s credit rating; a title challenge to Sibanye-Stillwater by land claimants under restitution and other laws; Sibanye-Stillwater’s ability to implement its strategy and any changes thereto; the occurrence of labor disputes, disruptions and industrial action; the availability, terms and deployment of capital or credit; changes in the imposition of industry standards, regulatory costs and relevant government regulations, in particular environmental, sustainability, tax, health and safety regulations and new legislation affecting water, mining , mineral rights and ownership of companies, including any interpretations thereof that may be subject to dispute; the outcome and consequences of any potential or pending litigation or regulatory proceedings, including in connection with any environmental, health or safety issues; failure to adhere to ethical standards, including actual or suspected fraud, bribery or corruption; the effect of climate change on Sibanye-Stillwater’s business; the concentration of all final refining activities and a large portion of Sibanye-Stillwater’s PGM sales from mine production in the United States with a single entity; the identification of a material weakness in disclosure and internal controls over financial reporting; the effect of US tax reform legislation on Sibanye-Stillwater and its subsidiaries; the effect of South African exchange control regulations on Sibanye-Stillwater’s financial flexibility; operating in new geographies and regulatory environments where Sibanye-Stillwater has no prior experience; power outages, constraints and cost increases; supply chain disruptions and shortages and increases in the price of production inputs; the regional concentration of Sibanye-Stillwater’s activities; exchange rate fluctuations, currency devaluations, inflation and other macroeconomic monetary policies; the occurrence of temporary shutdowns or preventive suspensions of operations at its mines due to safety or environmental incidents (including natural disasters) and unscheduled maintenance; Sibanye-Stillwater’s ability to hire and retain senior management or sufficient technically qualified employees, as well as its ability to ensure sufficient representation of historically disadvantaged South Africans in its leadership positions; failure of Sibanye-Stillwater’s information technology, communications and systems; the adequacy of Sibanye-Stillwater’s insurance coverage; social unrest, disease or natural or man-made disasters in informal settlements near some of Sibanye-Stillwater’s South African operations; and the impact of HIV, tuberculosis and the spread of other communicable diseases, such as the coronavirus disease (COVID-19).

Further details of the 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, including the 2021 Integrated Annual Report and the 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 the content. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any forward-looking statements (except as required by law). These forward-looking statements have not been reviewed or reported by the Group’s external auditors.

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