Sibanye-Stillwater’s transformative growth that has made it one of the largest PGM producers in the world at a low point in the PGM commodity price cycle, has resulted in a significant, but temporary, change in its capital structure. The Group is pursuing its

deleveraging strategy, and Group liquidity remains sound.

The Group debt maturity profile has been carefully structured, with major debt repayments only due from mid-2022. Various financial options which, will accelerate the deleveraging are being assessed, with a decision on these expected soon.

The SA and US PGM operations continue to perform well, and the recent regression in safety at the SA Gold operations is being addressed with initiatives to reduce costs across the SA region being implemented.

The proposed acquisition of Lonmin is proceeding as planned. Sibanye-Stillwater remains convinced by the compelling strategic rationale of this transaction.