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Newmont Agreement
to Acquire Newcrest

Setting the Standard for Safe, Profitable and Responsible Gold and Copper Production from a World-Class Portfolio of Top-Tier Operations

Newmont & Newcrest — A Powerful Value Proposition

STRONGLY Positioned to Deliver Substantial Synergies & Portfolio Optimization

The New
SUSTAINABILITY STANDARD

The Gold Sector’s Recognized Sustainability Leader

Sharing industry-leading safety systems, processes and culture

Values-based organization driven by a clear purpose

Social engagement based on inclusion, transparency and integrity

Commitment to leading environmental practices and achieving climate goals

World-Class
PORTFOLIO

10 Tier 1 Operations with Gold & Copper Exposure

Multi-decade low-cost production profile with growth options in gold and copper

Unique combination of low-risk regional production platforms in Australia and Canada

Targeting >$2B cash from portfolio optimization over next 24 months

Delivering
SYNERGIES

Proven Track Record of Newmont Team & Operating Model

Value creation from scale, cost efficiencies, access to talent and technology

Productivity gains from technology, complementary ore body experience and functional excellence

$500M annual synergies identified from G&A, supply chain and Full Potential

Driving
CAPITAL ALLOCATION

Committed to Leading Shareholder Returns

Disciplined capital allocation strategy – sustain, grow and deliver shareholder returns through dividend framework

Maintaining the industry’s strongest balance sheet with flexibility throughout the commodity cycle

World-class global capital markets footprint and investor relevance

See endnotes re the proposed Newcrest transaction, synergies, portfolio optimization, dividends and definition of Tier 1 asset.

Tier 1 Operations with Gold & Copper Exposure

Targeting >$2B Cash from Portfolio Optimization Over Next 24 Months*

PORTFOLIO OF TIER 1 ASSETS

10

~2/3 of total gold production from Tier 1 assets

STABLE MINING JURISDICTIONS

~80%

Gold production from the Americas and Australia

DOUBLING COPPER EXPOSURE

50Blbs

Of Newcrest copper reserves and resources and Newmont’s 42Blbs of copper reserves and resources**

*See endnotes re portfolio optimization and definition of Tier 1 asset. **Amounts presented on an attributable basis. Reserves and resources data for Newcrest are historical reserves estimates as at June 30, 2022, sourced from Newcrest’s company Annual Mineral Resources and Ore Reserves Statement, dated August 18, 2022. Newmont has been unable to update, and does not expect to be able to update, the Newcrest historical reserves estimates, prior to the completion of the Transaction. Accordingly, Newmont is not treating these historical estimates as current estimates of mineral resources or mineral reserves because a qualified person (as defined under SEC standards) has not done sufficient work to classify the estimate as a current estimate of mineral resources or mineral reserves. See endnote regarding reserve and resource estimates.

Shared Commitment to Safety and Leading Sustainability Practices

Setting the Standard for Sustainable and Responsible Mining

THE GOLD SECTOR’S RECOGNIZED SUSTAINABILITY LEADER

Newmont Ranked Top Gold Miner in the Dow Jones Sustainability Index for Eight Consecutive Years

Unrivaled Global Portfolio, Designed to Deliver Long-Term Value

See endnotes regarding definition of Tier 1 asset and past performance.
*Newmont’s minority ownership interest is 38.5% of Nevada Gold Mines and 40% of Pueblo Viejo; Newcrest’s minority ownership interest is 32% of FrutaDel Norte.
**Amounts presented on an attributable basis. Reserves and resources data for Newcrest are historical reserves estimates as at June 30, 2022, sources from Newcrest’s company Annual Mineral Resources and Ore Reserves Statement, dated August 18, 2022. Newmont has been unable to update, and does not expect to be able to update, the Newcrest historical reserves estimates, prior to the completion of the Transaction. Accordingly, Newmont is not treating these historical estimates as current estimates of mineral resources or mineral reserves because a qualified person (as defined under SEC standards) has not done sufficient work to classify the estimate as a current estimate of mineral resources or mineral reserves. See endnote regarding reserve and resources estimates.

Transaction Details

Recommended Share-For-Share Transaction

Newmont to acquire all outstanding Newcrest equity at an exchange ratio of 0.400X of a Newmont share (or 0.400 Newmont CDIs) for each Newcrest share

Newcrest to fund and pay to its shareholders a special dividend of up to USD$1.10 per Newcrest share

Newmont stockholders and Newcrest shareholders will own approximately 69% and 31% of combined entity, respectively

Roadmap to Completion

Subject To Approval And Customary Conditions

Newmont Board of Directors unanimously recommends stockholders vote to approve issuance of Newmont common stock comprising Scheme of Arrangement Consideration

Newcrest Board of Directors unanimously recommends shareholders vote to approve Scheme of Arangement

Subject to approval by both Newmont stockholders and Newcrest shareholders

Regulatory approvals to be obtained in several jurisdictions

Transaction is expected to close in the fourth quarter of 2023