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MARKET RELEASE
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater” or “the Group” or “the Company”)
CHANGE IN AUDITOR FOR THE 2019 FINANCIAL REPORTING PERIOD
Johannesburg, 26 September 2018. Shareholders are referred to the SENS announcement
released and posted to shareholders on 4 May 2018, wherein, the Company was to
embark on a process of selecting a new independent external audit firm for the
Group, with respect to the financial year ending 31 December 2019.
Pursuant to Sections 3.84 (g) (iii) and 3.86 of the JSE Listings Requirements, the
Board of Directors, following a recommendation from the Audit Committee, wishes to
inform Shareholders that after a formal tender process to appoint a new firm of
external auditors, Ernst & Young South Africa (EY) have been appointed as the
Company’s external auditors, with Lance Ian Neame Tomlinson as the designated audit
partner for the financial year ending 31 December 2019.
KPMG Inc’s appointment as external auditors will end on conclusion of its
responsibilities relating to the 31 December 2018 financial year audit, which is
expected to be concluded during the first half of 2019 calendar. EY’s appointment
as external auditor will be effective immediately after KPMG Inc’s appointment
ends, subject to receiving the requisite shareholder approval in the next annual
general meeting, expected to be held during May 2019.
The audit reports of KPMG Inc on the consolidated financial statements of Sibanye-
Stillwater as of and for the years ended 31 December 2017, 2016 and 2015 and the
audit report of KPMG Inc on the effectiveness of internal control over financial
reporting as of 31 December 2017 did not contain any adverse opinion or disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles. During Sibanye-Stillwater’s financial years ended 31
December 2017, 2016 and 2015 and through the subsequent 2018 interim period, there
were no disagreements between Sibanye-Stillwater and KPMG Inc on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which disagreements if not resolved to their satisfaction,
would have caused them to make reference in connection with their opinion on the
consolidated financial statements, to the subject matter of the disagreement, or
reportable events.
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863