Annual General Meeting 2021

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To:Company Announcements Office

From: Maria Sanz Perez

Date: 10 November 2021

Subject: Annual General Meeting 2021

See attached the addresses by the Chairman and the Managing Director and CEO, and the accompanying presentations, which will be given to shareholders at the Company's AGM this morning.

The AGM will be held at 10.30am today via an online platform at https://agmlive.link/NCM21

Information as to how shareholders may participate in the AGM is set out in the AGM Online Meeting Guide published on our website at www.newcrest.com/investor- centre/agm. A webcast of the AGM will be available on the Company's website after the meeting.

Yours sincerely

Maria Sanz Perez

Company Secretary

Authorised by the Newcrest Disclosure Committee

For further information please contact

Investor Enquiries:	North American Investor Enquiries:
Tom Dixon	Ryan Skaleskog
[phone]	[phone]
[phone]	[phone]
[e-mail]	[e-mail]
Media Enquiries:
Tim Salathiel
[phone]
[phone]
[e-mail]

This information is available on our website at www.newcrest.com

Newcrest Mining Limited	Level 8, 600 St Kilda Road, Melbourne VIC 3004	www.newcrest.com
ABN 20 005 683 625	PO Box 6213, St Kilda Road, Melbourne VIC 3004
	T [phone] F+61 3 9525 2996

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Newcrest Mining Limited - 2021 Annual General Meeting

CHAIRMAN'S ADDRESS

Good morning and welcome to the 2021 Annual General Meeting of Newcrest Mining Limited. I am Peter Hay, the Chairman of your Board of Directors and of this meeting.

I would like to start by acknowledging the Wurundjeri people, past, present and emerging, who are the Traditional Owners and custodians of the land on which I am presenting today. I would also like to pay respect to the Elders, past, present and emerging, of the Kulin Nation. We respect and value the importance of preserving their cultures and customs.

The Notice of Meeting was lodged with the ASX on 5 October and has been made available to all shareholders.

It is now just after 10:30am and I have been notified that a quorum is present, and so I declare the meeting open. Today's voting will be conducted by way of a poll and I now declare the poll open on all items of business.

The safety, health and wellbeing of our workforce, shareholders and stakeholders is of great importance to us and so once again we are holding this year's AGM virtually. Every effort has been made to ensure that this meeting runs smoothly for our shareholders.

If you have any problems using the online platform, please check the Virtual Meeting Online Guide located within the AGM section of our website, or call the number on the right-hand side of your screen.

Before I start, please note the disclaimers on this slide and the next slide.

Dialled into the meeting today are Newcrest's Board of Directors whom I shall introduce shortly. Further information about their qualifications and professional experience can be found in this year's Annual Report and on Newcrest's website.

As recently announced, I will be retiring as Non-Executive Chairman and Non-Executive Director following this meeting. Peter Tomsett has been appointed as Non-Executive Chairman with effect from the close of today's meeting, subject to his re-election as a Director at this meeting.

Joining me today is Sandeep Biswas, Newcrest's Managing Director and Chief Executive Officer.

Newcrest Mining Limited	Level 8, 600 St Kilda Road, Melbourne VIC 3004	www.newcrest.com
ABN 20 005 683 625	PO Box 6213, St Kilda Road, Melbourne VIC 3004
	T [phone] F+61 3 9525 2996

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Also joining me today are:

• Gerard Bond, who is Newcrest's Finance Director and Chief Financial Officer. This will be Gerard's last Newcrest AGM as he has decided to leave Newcrest in early 2022.
  Gerard is the longest serving member of the Newcrest Board and Executive Committee and he has made a significant contribution to Newcrest's success during his ten years with the Company. I would like to thank Gerard for his dedication and service and wish him every success for the future.
• Philip Aiken, who is the Chairman of the Human Resources and Remuneration Committee and a member of the Safety and Sustainability Committee and the Nominations Committee. Phil is standing for re-election today.
• Roger Higgins, who is the Chairman of the Safety and Sustainability Committee and a member of the Human Resources and Remuneration Committee.
• Sally-AnneLayman, who is a member of the Audit and Risk Committee and a member of the Safety and Sustainability Committee.
• Vickki McFadden, who is the Chairman of the Audit and Risk Committee and a member of the Human Resources and Remuneration Committee.
• Peter Tomsett, who is a member of the Audit and Risk Committee, the Safety and Sustainability Committee and the Nominations Committee. Peter is standing for re-election today and as I mentioned earlier, it is intended that he will replace me as the Chairman of the Board with effect from the close of today's meeting.
• Joining us for the first time today is Jane McAloon. Jane has extensive experience in the resources, energy, infrastructure and utilities industries. Jane was appointed to the Board on 1 July 2021 and is a member of the Human Resources and Remuneration Committee. Jane is standing for election today. Welcome Jane.

We are also joined online today by members of our Management Team, including:

• Craig Jones, Chief Operating Officer (Papua New Guinea);
• Phil Stephenson, Chief Operating Officer (Australia and Americas);
• Seil Song, Chief Development Officer;
• Suresh Vadnagra, Chief Technical and Projects Officer;
• Lisa Ali, Chief People and Sustainability Officer; and
• Maria Sanz Perez, who I introduced at the start of the meeting.

Also joining us online today are representatives from the Company's auditors, Ernst & Young, who can answer questions put to them by shareholders on the conduct of the audit and the auditor's report.

Before we address the formal business of the meeting, I will provide an overview of the financial year and then Sandeep will talk in more detail about Newcrest's operational and financial performance during the period.

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FY21 was a very strong year for Newcrest. We once again maintained our relentless focus on safety, and we continued to put our values into action in showing our support and commitment to our people and to our host communities.

As a result of our record financial performance, we were very pleased to announce a large increase in dividends to shareholders.

In February 2021, we announced our new company purpose, being to create a brighter future for people through safe and responsible mining. In February we also announced our aspirations for the next five years, called Forging an even stronger Newcrest. This plan builds on our achievements to date and will help drive our aspirations across five key pillars of safety & sustainability, people, operating performance, technology & innovation, and profitable growth.

Our aspirations are about delivering more than just safety, profits and growth - we want to leave a positive legacy for all our stakeholders. I am pleased to report that we have already made good progress, which Sandeep will outline in more detail shortly.

The primary objective of the Board and the Executive team is ensuring that everyone returns home safe and healthy each day. I am pleased to report that we are now more than six years free of fatalities and in FY2021 we reported an industry leading total recordable injury free rate of 2.3 per million hours worked, a 12% improvement on the prior year. This is a significant achievement, and a real credit to our people. It has now been six years since we put Newcrest's safety transformation plan into action, and the success of this plan and its benefits are evident throughout our business.

The past 12 months have been very challenging, with the impact of the COVID-19 pandemic continuing to influence many aspects of daily life. Caring about people is a core Newcrest value and we have worked very hard to safeguard the health and safety of our people during this time. Our mines were able to keep operating with minimal interruption from COVID-19 because of very strong risk prevention and mitigation protocols across the business. This would not have been possible without the unwavering hard work and dedication of our people, and our strong relationships with governments, partner organisations and local communities.

In April 2020, we announced a A$20 million Community Support Fund to help support our host communities with the challenges of COVID-19. Since then, we have funded over 40 programs across the globe for healthcare, essential goods, business and financial support, mental health and education and vaccine rollout. As a founding member of the COVID Vaccination Alliance of UNICEF Australia, Newcrest has committed to supporting the vaccine rollout in Papua New Guinea. We are working with the local health authorities to provide necessary training to health workers, and education material and logistics support.

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In Ecuador, we have contributed to the establishment of the first Intensive Care Unit in the Province of Zamora-ChinChipe. The Intensive Care Unit will provide much needed care in response to COVID-19 and over the longer term, it will help meet other critical health needs in the region.

We believe that a planned, transparent and collaborative approach to community engagement is critical to maintain our licence to operate and to ensure that our host communities benefit from Newcrest's presence.

During the year we developed our Sustainability Strategy which is aligned to the United Nations Sustainable Development Goals. We have developed 8 material sustainability areas and we have defined short-term targets, multi-year management actions and longer-term priorities for each material area.

Some of our achievements in FY21 are highlighted on the slide.

In May this year we announced our goal of net zero carbon emissions by 2050. We have formed a dedicated project team to develop a detailed roadmap to support this goal, including looking at how we can embrace existing and emerging technologies as they become available.

We understand that our employees, younger generations, investors, governments and the broader society look to the corporate world to play a leading role on ESG matters. We are confident that we, and the resources sector generally, have the skills and experience to identify and apply innovative technologies that will support our transition to a low carbon future.

During the year, we signed a landmark 15-year renewable energy Power Purchase Agreement with a wind farm development which is expected to account for a significant portion of Cadia's future projected energy requirements. This agreement, together with the forecast decarbonisation of NSW electricity generation, is expected to deliver a reduction of ~20% in Newcrest's overall greenhouse gas emissions from calendar year 2024. It is a significant step towards achieving our target of a 30% reduction in greenhouse gas emissions by 2030. We will continue to explore ways to reduce Cadia's emission intensity with the long term aim to virtually eliminate Cadia's energy-related greenhouse gas emissions.

We also signed the new compensation, relocation and benefits sharing agreements with the mining lease area landholders at Lihir. These agreements build on the strong relationships we have developed over recent years and we are very pleased to be part of this new journey of collaboration and partnership with the Lihir landholders.

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