Newcrest Announces Shareholders Vote in Favour of Scheme

Melbourne, Australia--(Newsfile Corp. - October 13, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) refers to the proposed scheme of arrangement under which Newcrest will be acquired by Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd) (Scheme).

Results of the Scheme Meeting

In accordance with the ASX Listing Rules and the Corporations Act, Newcrest advises that the resolution to approve the Scheme as set out in the Notice of Scheme Meeting (Scheme Resolution), was passed by the requisite majorities of Newcrest shareholders at the Scheme Meeting held earlier today. In summary:

• 84.74% of Newcrest shareholders present and voting (in person or by proxy) were in favour of the Scheme Resolution; and

• 92.63% of the votes cast by Newcrest shareholders were in favour of the Scheme Resolution.

Details of the valid proxies received and votes cast are set out in the attachment to this announcement.

Next steps

Newcrest will apply to the Federal Court of Australia (Court) for approval of the Scheme at a hearing scheduled for 10.15am (Melbourne time) on 17 October 2023.

If the Court approves the Scheme at the Second Court Hearing, a copy of the Court orders will be lodged with ASIC, following which the Scheme will become effective.

Special Dividend

Newcrest announced on 5 October 2023 a Special Dividend of US$1.10 per Newcrest share, subject to the Scheme becoming effective. This dividend will be fully franked.

Newcrest shares on the ASX and PNGX will trade ex the Special Dividend from commencement of trading on 18 October 2023. Newcrest shares on the TSX will trade ex the Special Dividend from commencement of trading on 19 October 2023.

The record date for the dividend will be 7.00pm (Melbourne time), 19 October 2023 and it will be paid on 27 October 2023.

Scheme Consideration

Subject to the Scheme becoming effective, eligible Newcrest shareholders will be entitled to receive the Scheme Consideration of 0.400 Newmont securities for each Newcrest share held on the Scheme Record Date, being 7.00pm (Melbourne time) on 30 October 2023. Newcrest shareholders on the:

• Australian share register will receive Newmont CHESS depositary interests (Newmont CDIs);

• PNG share register will receive Newmont PETS depositary interests (Newmont PDIs); and

• Canadian share register will receive Newmont shares (Newmont Shares).

Timetable

The remaining key dates of the Scheme are set out below.

¹ In order to be entitled to both the Special Dividend and the Scheme Consideration, Newcrest shareholders must hold their Newcrest shares on both the Special Dividend Record Date and Scheme Record Date. See section 4.6 of the Scheme Booklet dated 7 September 2023 (released to the ASX, PNGX and TSX on 8 September 2023) for further details.
² The TSX intends to put in place mandatory special settlement rules that will apply to Newcrest shares trading on the TSX. In particular, all trades on the TSX on Tuesday, 17 October 2023 will settle on Wednesday, 18 October 2023 and all trades on the TSX on Wednesday, 18 October 2023 will settle the same day.
³ The Toronto time equivalent is 4.00am on Thursday, 19 October 2023. Accordingly, shareholders on Newcrest's Canadian share register will need to be registered on the Newcrest share register on Wednesday, 18 October 2023 (Toronto time) in order to remain on the register for the Special Dividend Record Date.
⁴ The TSX has granted permission for Newcrest Shares to trade on a T+1 basis during the course of trading on Thursday, 26 October 2023. Non-registered holders of Newcrest shares on Newcrest's Canadian share register should note that full restrictions will be imposed by each of CDS and the Depository Trust Company over Newcrest shares on and from 4.30pm on Friday, 27 October 2023 (New York time) such that there cannot be any trades or withdrawals prior to the Scheme Record Date. These holders should refer to the bulletins published by each of CDS and the Depository Trust Company for further details on trading limitations that may be imposed.
⁵ Newmont shares issued under the Scheme will be issued following close of trade on Friday, 3 November 2023 (New York time), being the business day prior to the Implementation Date.

Unless otherwise indicated, all times and dates in the above timetable are references to the time and date in Melbourne, Australia and all such times and dates are subject to change. Certain times and dates are conditional on the approval of the Scheme by the Court. Any changes will be announced by Newcrest to the ASX, PNGX and TSX (via SEDAR) and notified on Newcrest's website at www.newcrest.com.

Authorised by Claire Hannon, Company Secretary

For further information please contact

Investor Enquiries
Tom Dixon
+61 3 9522 5570
+61 450 541 389
Tom.Dixon@newcrest.com.au

Rebecca Lay
+61 3 9522 5298
+61 438 355 511
Rebecca.Lay@newcrest.com.au

North American Investor Enquiries
Vlada Cvijetinovic
+1 604 335 9202
+1 604 240 2998
Vlada.Cvijetinovic@newcrest.com.au

Media Enquiries
Celina Watt
+61 3 9522 4264
+61 436 677 220
Celina.Watt@newcrest.com.au

This information is available online at www.newcrest.com.

NEWCREST MINING LIMITED

SCHEME MEETING
Friday, 13 October, 2023

As required by section 251AA(2) of the Corporations Act 2001 (Commonwealth) the following statistics are provided in respect of each resolution on the agenda.

** - Note that votes relating to a person who abstains on an item are not counted in determining whether or not the required majority of votes were cast for or against that item

Printed: 13/10/2023
This report was produced from the Link Market Services Meeting System

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/183865