SIBANYE STILLWATER LIMITED - Sibanye-Stillwater concludes one-year wage agreement with unions at its SA gold operations

Sibanye-Stillwater concludes one-year wage agreement with unions at its SA gold operations

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 the "Group" or the "Company")
Website: www.sibanyestillwater.com


Sibanye-Stillwater concludes one-year wage agreement with unions at its SA gold
operations

Johannesburg, 11 November 2024: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) is pleased
to announce the conclusion of wage negotiations at its SA gold operations, which began
in July 2024. A one-year agreement was reached with the representative unions, the
Association of Mineworkers and Construction Union (AMCU), the National Union of
Mineworkers (NUM), UASA, and Solidarity, with respect to annual wages and benefits for
employees at its Beatrix, Driefontein and Kloof operations.

This agreement, effective from 1 July 2024 to 30 June 2025, demonstrates the Group's
commitment to providing fair, inflation-linked wages while considering the
sustainability and prospects of the SA gold operations.        The final wage agreement
comprises increases of 5.5% or R900 per month (whichever is higher) for both category
4 to 8 employees and miners and artisans for the year ending 30 June 2025, with officials
receiving a 5.5% increase.

Sibanye-Stillwater CEO Neal Froneman said: "We are pleased to have finalised this wage
agreement, which is both fair for employees and affordable for the SA gold operations.
Our one-year wage offer is in contrast with recent five-year agreements between South
African PGM and gold companies and organised labour. Since early 2023, the SA gold
operations have undergone significant restructuring in a very volatile inflationary
environment and the operations have not yet fully stabilised. We therefore believe it
is more prudent and fair to re-engage again in July 2025."


About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio
of operations, projects and investments across five continents. The Group is also one of the
foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings
retreatment operations.

Sibanye-Stillwater is one of the world's largest primary producers of platinum, palladium, and
rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium,
nickel, chrome, copper and cobalt. The Group has recently begun to diversify its asset portfolio
into battery metals mining and processing and increase its presence in the circular economy by
growing its recycling and tailings reprocessing exposure globally. For more information refer
to 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

LinkedIn: https://www.linkedin.com/company/sibanye-stillwater
Facebook: https://www.facebook.com/SibanyeStillwater
YouTube: https://www.youtube.com/@sibanyestillwater/videos
X: https://twitter.com/SIBSTILL

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 presentation 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 or the Group) future financial position, business strategies, business prospects,
industry forecasts, production and operational guidance, climate and ESG-related targets and metrics, and
plans and objectives for future operations, project finance and the completion or successful integration
of 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 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 2023 Integrated
Report and annual report on Form 20-F filed with the Securities and Exchange Commission (SEC) on 26 April
2024 (SEC File no. 333-234096). These forward-looking statements speak only as of the date of this
presentation. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required). This information has not been reviewed
by the Group's external auditors.

WEBSITES
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aid to their location and such information is not incorporated in, and does not form part of, this
announcement.

Date: 11-11-2024 08:00:00
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