Investor Presentaiton

For personal use only 2 3 4 5 Transaction rationale NORTHERN STAR Saracen A highly accretive transaction, creating a Top-10 global gold producer with high-margin assets located exclusively in Tier-1 jurisdictions 1 Logical combination of highly complementary assets Sector-leading growth potential on all metrics Right skill-set to drive value creation Significant synergies unique to this merger Increased scale and significance Combined portfolio of high quality assets concentrated in three logical production centres exclusively in Tier-1 jurisdictions Consolidates KCGM, the iconic "Golden Mile", under single ownership for the first time in its +125-year history Pogo provides a platform for growth targeting 300kozpa² in North America utilising combined world-class skill sets • Common shareholdings of >50% consolidated into one company Clear trajectory towards 2Mozpa gold production, with production set to grow by +30% in the next 3 years • Combined free cash flow generation, balance sheet and asset base enables growth options to be optimised Significant exploration opportunities across the portfolio, further unlocked by dominant processing infrastructure Combination of industry-leading management with an outstanding track record of delivering strong returns Aligned company cultures with complementary operational, technical and financial skill-sets • ~A$200 million of combined equity ownership amongst Board and management teams Transaction unlocks A$1.5-2.0B NPV in pre-tax synergies³ expected to be delivered over the next 10 years via geographic, operational and strategic synergies Opportunity to further enhance market-leading ESG credentials across the combined asset base Top-10 global gold miner, exclusively in Tier-1 jurisdictions Long-life producer with over 19Moz in Reserves and 49Moz in Resources Low risk diversified business with the scale, liquidity and quality of cash flows attractive to both gold and generalist investors 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. 2. Targeting 300kozpa by FY23. 3. Discounted at 5% and net of stamp duty PAGE 7

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