Sibanye-Stillwater completes the acquisition of Metallix

The acquisition of Metallix strengthens and complements Sibanye-Stillwater’s existing US recycling operations and is expected to unlock significant value through cost and operational synergies across the combined businesses. For more information, refer to the announcement from 21 July 2025: https://www.sibanyestillwater.com/news-investors/news/transactions/metallix/.

¹ Change in final cash purchase consideration from the US$82 million announced on 21 July 2025 is mainly attributable to working capital movements in the ordinary course of business since the initial announcement and closure of the acquisition.

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 a foremost global recycler of a suite of metals 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 also diversified into battery metals mining and processing and has increased its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally. For more information refer to www.sibanyestillwater.com.

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Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Advisors and counsel
Financial Advisor: Goldman Sachs International
Legal Advisors: Davis Polk & Wardwell LLP

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FORWARD LOOKING STATEMENTS

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