Sibanye Gold Adjusts Conversion Price for 2028 Bonds

Sibanye Gold Limited announced a change to the conversion price of its USD 500 million 4.250% Guaranteed Unsecured Convertible Bonds, maturing in 2028. The adjustment stems from a dividend payment of R2.0100 per ordinary share for shareholders on record as of September 18, 2026. This payment prompted the conversion price to adjust from the previous USD 1.3054 to a new price of USD 1.2533, effective from September 16, 2026.

The adjustment follows Condition 6.2(c) of the bonds' terms and conditions. Details of these terms are documented in the Trust Deed relating to the 2028 Bonds dated November 28, 2023. Sibanye Stillwater Limited, which issued the notice, is based in Johannesburg, South Africa.