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Publication of Broad-based black economic empowerment annual compliance report
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” or “Company” or “the Group”)
Website: www.sibanyestillwater.com
Publication of Broad-based black economic empowerment annual compliance report
Johannesburg, 7 October 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) advises
shareholders that in accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of
the JSE Listings Requirements, the Group’s updated annual compliance report in terms of
section 13G (2) of the Broad-Based Black Economic Empowerment (B-BBBEE) Act 2003, has been
published and is available on the Group’s website at
https://www.sibanyestillwater.com/news-investors/reports/regulatory/2021/.
The publication of the annual compliance report prepared pursuant to Section 13G(2) of
the B-BBBEE Act, is a JSE requirement applicable to all listed companies. The mining
industry is regulated by the Mineral and Petroleum Resources Development Act, 2002 and is
guided by the Broad-Based Socio-Economic Empowerment Charter for the South African Mining
and Minerals Industry (Mining Charter). The Group’s compliance to the Mining Charter is
referenced in our 2020 Integrated Report, available on the website at
https://www.sibanyestillwater.com/news-investors/reports/annual/2020/.
The Group is committed to transformation and to further improve its B-BBEE rating under
the Codes of Good Practice on Black Economic Empowerment gazetted on 11 October 2013.
ENDS
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Public Relations
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD LOOKING STATEMENTS
The information in this document 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 (“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 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. As a consequence, 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”, “forecast”, “potential”, “estimate”,
“expect”, “plan”, “anticipate” 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 light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to
place undue reliance on such statements.
The 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, Sibanye-Stillwater’s future financial position, 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; plans and objectives of management for future operations; Sibanye-Stillwater’s ability to obtain the
benefits of any streaming arrangements or pipeline financing; the ability of Sibanye-Stillwater to comply with
loan and other covenants and restrictions and difficulties in obtaining additional financing or refinancing;
Sibanye-Stillwater’s ability to service its bond instruments; changes in assumptions underlying Sibanye-Stillwater’s
estimation of its current mineral reserves; any failure of a tailings storage facility; the ability to achieve
anticipated efficiencies and other cost savings in connection with, and the ability to successfully integrate,
past, ongoing and future acquisitions, as well as at existing operations; the ability of Sibanye-Stillwater to
complete any ongoing or future acquisitions; the success of Sibanye-Stillwater’s business strategy and
exploration and development activities; the ability of Sibanye-Stillwater to comply with requirements that it
operate in ways that provide progressive benefits to affected communities; changes in the market price of
gold and PGMs; the occurrence of hazards associated with underground and surface mining; any further
downgrade of South Africa’s credit rating; a challenge regarding the title to any of Sibanye-Stillwater’s
properties by claimants to land under restitution and other legislation; Sibanye-Stillwater’s ability to implement
its strategy and any changes thereto; the occurrence of labour disruptions and industrial actions; the
availability, terms and deployment of capital or credit; changes in the imposition of regulatory costs and
relevant government regulations, particularly environmental, tax, health and safety regulations and new
legislation affecting water, mining, mineral rights and business ownership, including any interpretation thereof
which may be subject to dispute; 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 mine production in the United States with one 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 previous experience; power disruptions, constraints and cost
increases; supply chain shortages and increases in the price of production inputs; the regional concentration
of Sibanye-Stillwater’s operations; fluctuations in exchange rates, currency devaluations, inflation and other
macro-economic monetary policies; the occurrence of temporary stoppages of mines for safety incidents and
unplanned maintenance; Sibanye-Stillwater’s ability to hire and retain senior management or sufficient
technically skilled employees, as well as its ability to achieve sufficient representation of historically
disadvantaged South Africans in its management positions; failure of Sibanye-Stillwater’s information
technology and communications systems; the adequacy of Sibanye-Stillwater’s insurance coverage; social
unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-
Stillwater’s South African-based operations; and the impact of HIV, tuberculosis and the spread of other
contagious diseases, such as the coronavirus disease (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, including the Integrated Annual
Report 2020 and the Annual Report on Form 20-F for the fiscal year ended 31 December 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 required). These forward-looking statements have not been reviewed or reported on by the
Group’s external auditors.
Date: 07-10-2021 11:16:00
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