Newcrest Mining : prices US$1.15 billion bond issuances and commences repurchase of existing near-term bond maturities

Market Release

8 May 2020

Newcrest prices US$1.15 billion bond issuances and commences repurchase of existing near-term bond maturities

Newcrest announced today that it has priced a combined aggregate principal amount of US$1.15 billion of senior unsecured notes (the "Notes"), offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the US Securities Act of 1933, as amended (the "Securities Act") and outside the United States in reliance on Regulation S under the Securities Act.

The Notes are as follows:

• US$650 million 10-year Notes maturing 13 May 2030 with a fixed rate coupon of 3.25% per annum, and
• US$500 million 30-year Notes maturing 13 May 2050 with a fixed rate coupon of 4.20% per annum.

The proceeds will be used to repurchase existing near-term corporate bond maturities as set out below. Settlement and completion of the Notes is expected to occur on 13 May 2020 (New York time), subject to customary closing conditions.

Newcrest has additionally commenced overnight a (i) a cash tender offer for any and all of its outstanding 4.45% Notes due 2021 (US$750 million outstanding) and (ii) a cash tender offer for its outstanding 4.20% Notes due 2022 for up to US$400 million aggregate maximum repurchase amount (of a total of US$750 million outstanding). Refer to the separately released announcement "Newcrest announces cash tender offer for certain outstanding senior notes" for further information.

To the extent that less than all of the 2021 Notes are tendered and accepted for repurchase, Newcrest has separately commenced a mandatory redemption process of the 2021 Notes that remain outstanding following the closing of the tender offer.

Sandeep Biswas, Newcrest Managing Director and Chief Executive Officer, said "I am pleased with the very strong demand for Newcrest credit which has enabled us to secure long-term debt at coupons much lower than that on our existing corporate bonds. This has allowed us to restructure and extend our debt maturity profile to better match our long asset life".

Authorised by the Newcrest Disclosure Committee

For further information please contact

Investor Enquiries	North American Investor Enquiries
Chris Maitland	Tamara Brown
[phone]	[phone]
[phone]	[phone]
[e-mail]	[e-mail]
Media Enquiries
Chris Maitland	Rebecca Murphy
[phone]	[phone]
[phone]	[phone]
[e-mail]	[e-mail]
Newcrest Mining Limited - Level 8, 600 St Kilda Road, Melbourne, Victoria, Australia - www.newcrest.com	1
ACTIVE 256722728

Disclaimer

This announcement does not constitute or form part of any offer, solicitation or invitation to sell, issue or subscribe for securities of Newcrest Finance Pty Limited or Newcrest, or a solicitation to buy or an offer to purchase any such securities, in the United States or any other jurisdiction. No securities have been or will be registered under the Securities Act or the securities laws of any state of the United States or any other jurisdiction. No securities may be offered, sold or delivered in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or other securities laws. No public offering is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. The tender offer is being made only pursuant to the related Offer to Purchase and only in such jurisdictions as is permitted under applicable law. Any failure to comply with these restrictions may result in a violation of the Securities Act or the applicable laws of other jurisdictions. No money, securities or other consideration is being solicited by this announcement or the information contained herein and, if sent in response to this announcement or the information contained herein, will not be accepted.

This announcement includes "forward-looking statements" within the meaning of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements inherently involve known and unknown risks and uncertainties. Newcrest provides no assurance that the forward-looking statements contained herein will prove accurate. No undue reliance should be placed on any forward-looking statements.

Newcrest Mining Limited - Level 8, 600 St Kilda Road, Melbourne, Victoria, Australia - www.newcrest.com

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ACTIVE 256722728