Investor Presentaiton

Transaction rationale 5 The scale and liquidity to attract both gold and generalist investors For personal use only Top-10 global gold miner with sector-leading production growth; pathway to 2Mozpa¹ Size and liquidity to attract generalist as well as gold-focused global investors and Australian large cap funds Increased investor relevance and capital markets presence One of the few global gold companies of this scale with operations exclusively in Tier-1 jurisdictions Long-life producer with over 19Moz in Reserves and 49Moz in Resources¹ • Combined market capitalisation of ~A$16.0 billion with strong global share register Strong balance sheet with pro-forma net cash of A$118 million (as of 30 June 2020) Strengthened platform to capitalise on accretive M&A opportunities 1. Refer to page 3 of this presentation in relation to Ore Reserve and Mineral Resource estimates, and production targets, for Northern Star and Saracen. NORTHERN STAR Saracen PAGE 24

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