Sibanye-Stillwater Pricing US$1.2 Billion Senior Notes Issuance in Two Oversubscribed Tranches – Form 6-K

FORWARD-LOOKING STATEMENTS

The information contained in this document may contain forward-looking statements within the meaning of “safety

provisions of the United States Private Securities Litigation Reform Act of 1995.

statements, including but not limited to 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 Sibanye-Stillwater’s senior management and directors

and involve a number of risks and uncertainties that could cause actual results to differ materially from those
suggested by forward-looking statements. Accordingly, these forward-looking statements should be

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”, “anticipate”, “potential”, “estimate”, “expect”,

“plan”, “anticipate” and words of similar meaning. By their nature, forward-looking statements involve risks and

uncertainty because they relate to future events and circumstances and must be considered in the light of various
important factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance

on such statements.

Important factors that could cause Sibanye-Stillwater’s actual results, performance or achievements to differ

materially from 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

expected cost savings, financing plans, debt position and ability to deleverage; economic, commercial,
political and social conditions in South Africa, Zimbabwe, the United States and elsewhere; projects and goals

management for future operations; Sibanye-Stillwater’s ability to get the benefits of any stream

pipeline arrangements or financing; Sibanye-Stillwater’s ability to meet loan and other covenants and
restrictions and difficulties in obtaining additional financing or refinancing; Sibanye-Stillwater’s ability to serve its

bond instruments; changes in assumptions underlying Sibanye-Stillwater’s estimate of its current mineral reserves;
any failure of a tailings storage facility; the ability to achieve anticipated efficiencies and other cost savings in

the link and ability to successfully integrate past, current and future acquisitions, as well as

existing operations; Sibanye-Stillwater’s ability to complete any pending or future acquisitions; the success of
the business strategy and exploration and development activities of Sibanye-Stillwater; the capacity of Sibanye-Stillwater

comply with requirements that it operates in a manner that provides progressive benefits to affected communities;

changes in the market price of gold and PGMs; the occurrence of hazards associated with underground work and
Surface mining; any further downgrade of South Africa’s credit rating; a challenge concerning the title of one of the

Sibanye-Stillwater properties by land claimants under restitution and other laws; Sibanye-Stillwater’s

ability to implement its strategy and changes; the occurrence of labor disruptions and
Stocks; the availability, terms and deployment of capital or credit; changes in the imposition of regulatory costs

and relevant government regulations, in particular environmental, tax, health and safety regulations and new

legislation affecting water, mining, mineral rights and business ownership, including any interpretations thereof
which may be the subject of litigation; the outcome and consequence of any potential or pending litigation or

regulatory proceedings or environmental, health or safety issues; the concentration of all final refining activity and

a large portion of Sibanye-Stillwater’s PGM sales from mining production in the United States with a single entity; the
the identification of a material weakness in disclosure and internal controls over financial reporting; the usa effect

tax reform legislation on Sibanye-Stillwater and its subsidiaries; the effect of South African exchange controls

Sibanye-Stillwater Financial Flexibility Regulations; operating in new geographies and new regulatory environments
where Sibanye-Stillwater has no previous experience; power outages, constraints and cost increases; to supply

supply chain shortages and increases in the price of production inputs; the regional concentration of Sibanye-Stillwater

operations; exchange rate fluctuations, currency devaluations, inflation and other macroeconomic monetary factors
Strategies; the occurrence of temporary mine shutdowns for safety incidents and unplanned maintenance;

Sibanye-Stillwater’s ability to hire and retain senior management or a sufficient number of technically qualified employees, as well as

that its ability to ensure sufficient representation of historically disadvantaged South Africans in its management
posts; failure of Sibanye-Stillwater’s information and communication technology systems; the adequacy of

Sibanye-Stillwater’s insurance coverage; social unrest, disease or natural or man-made disaster

settlements near some of the South African Sibanye-Stillwater operations; and the impact of HIV,
tuberculosis and the spread of other contagious diseases, such as the coronavirus disease (COVID-19). Further away

details of the potential risks and uncertainties affecting Sibanye-Stillwater are described in the documents filed by Sibanye-Stillwater
with the Johannesburg Stock Exchange and the United States Securities and Exchange Commission, including the

2020 Integrated Annual Report and Annual Report on Form 20-F for the year ended December 31, 2020.

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 extent legally

mandatory). These forward-looking statements have not been reviewed or reported by the Group’s external auditors.

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