Johannesburg, 29 November 2023: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) advises stakeholders that it has
today given notice to its employees and contractors, that it will be implementing a restructuring of its US PGM
operations to reduce the operating and capital cost structures and ensure sustainability through a lower palladium
price environment.
The restructuring follows an initial repositioning for the changing macro environment announced in July 2022
(https://www.sibanyestillwater.com/features/2022/us-pgm-operations-review/), with the subsequent anticipated
decline in the palladium price and impact of ongoing inflationary cost pressures at the operations, necessitating a
reduction in the cost structures.
The restructuring is expected to affect approximately 100 Sibanye-Stillwater employees, the majority of which are at
the Stillwater Mine, with the remainder spread between the East Boulder Mine, the Columbus Metallurgical Complex
and Columbus offices as well as remote work locations. This follows attrition of approximately 20 employees since
beginning of October 2023. A significant amount of contract workers other than essential services will also be
impacted, with the approximately 187 contract workers (69% of current primary mining contract workers) affected across the sites.
The restructuring is not expected to significantly impact current 2E mine production or recycling production but will
result in significantly lower costs and capital.
Neal Froneman, CEO of Sibanye-Stillwater commented: ”We have taken decisive action to address costs at the US PGM operations, to ensure the sustainability of these long-life operations during a challenging period of lower than
anticipated PGM prices. This is not a decision we have taken lightly, and we will engage frankly and candidly with affected stakeholders during this challenging period.”

AND
Dealings in securities by Executive Directors, Associate and Prescribed Officer
Johannesburg, 29 November 2023: Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW) in compliance with
paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following:
Name CE Carter
Position Chief Regional Officer Americas
Company Sibanye-Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market purchase of ADRs
Transaction Date 24 November 2023
Number of ADRs 25 000
Class of Security ADRs
Market Price US$4,33
Total Value US$108 250

see & read morte on
https://thevault.exchange/?get_group_doc=245/1701265620-ssw-dealings-securities-29November2023.pdf