USA Roadshow September 2009

Ian Smith CEO & Managing Director

2

Disclaimer

Forward Looking Statements

These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are

subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, and may be unknown to, the company.

Actual results and developments may vary materially from those expressed in these materials. The types of uncertainties which are relevant to

the company may include, but are not limited to, commodity prices, political uncertainty, changes to the regulatory framework which applies to

the business of the company and general economic conditions. Given these uncertainties, readers are cautioned not to place undue

reliance on

such forward looking statements.

Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any

relevant stock exchange listing rules, the company does not in providing this information undertake any obligation to publicly update or revise any

of the forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

Competent Persons StatementThe information in this report that relates to Exploration Results is based on information compiled by C. Moorhead, EGM Minerals

for Newcrest

Mining Limited who is a Member of The Australasian Institute of Mining and Metallurgy, and a full-time employee of Newcrest Mining Limited. Mr

Moorhead has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity

which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration

Results, Mineral Resources and Ore Reserves. Mr Moorhead consents to the inclusion in the report of the matters based on this information in

the form and context in which it appears.

3

Newcrest

Top 10 global gold producer

Top 20 ASX listed company (US$12–14 Billion)

Proven ability to find, build and operate world class gold mines

Multiple growth options

4

Net Debt and Gearing Declined

Record EBITDA and Cash Flow from Operations Strong Capital and Cash Returns

EBIT and EBITDA Margin

Financial Year Ended 30 June 2009

31

41

0

10

20

30

40

50

EBIT Margin EBITDA Margin

%

ROCE = EBIT/ Shareholder Equity + Net DebtROIC = EBITDA / Shareholder Equity + Net Debt

1,039 1,024

800

900

1,000

1,100

1,200

EBITDA Operating Cashflow

A$M

0

40

80

120

160

200

Net Debt Gearing0

5

10

15

20

84

2

%A$M

%

17

23

0

5

10

15

20

25

30

ROCE ROIC

5

0

100

200

300

400

500

600

0% 10% 20% 30% 40% 50%

Global Mid Point US$483/oz

Newcrest Mid Point US$350/oz

Cumulative Production %

Cas

h C

ost U

S$ p

er O

unce

Source: GFMS

First Cost Quartile Producer

Gold Industry Costs for Twelve Months ended June 30 2009

6

Declining cost trend

-4

-2

0

2

4

6

8

10

H1 FY2008 H2 FY2008 H1 FY2009

H2 FY2009

% change relative to preceding half year

1.6

8.4

4.8

(2.4)

AUD depreciation increased costs by A$50M

7

Cost Reduction –

Telfer

400

600

800

1000

Dec 08 Mar 09 Jun 09

A$/oz

Gross Unit Cash Costs -

▼34%

690

908

599

Gross cash costs are prior to stripping and ore inventory adjustments

Gross cash costs pre by product credits declined 17% from December 08 to June 09

Cost reduction programs have reduced Telfer’s cash costs to the mid point of the global gold industry

FY09 cost reduction program focusing on:

Reducing on-site labour by natural attrition

Power station operating strategy

Improved maintenance profile

Reduced consumable consumption

Cost reduction program to continue in FY10

8

Cost Reduction –

GosowongUS$ Unit Cash Cost -

▼ 20%

A$ Unit Cash Cost -

▼ 29%

296280

238

200

250

300

350

Dec 08 Mar 09 Jun 09USD Gross Cash Costs

US$/oz

440 422

314

200

250

300

350

400

450

500

Dec 08 Mar 09 Jun 09

AUD Gross Cash Costs

A$/oz

Significant cost reduction in FY09

–

Modifying mining method–

Centralised administration–

Ongoing mine & mill optimisation

In FY10 expect to see further cost reductions

–

Implementation of owner mining

–

Continued mine & mill optimisations

9

Resources & Reserves

1030 June 2009 Resource and Reserve estimates are based on Newcrest’s production interest. For details refer to the Newcrest Annual Statement of Mineral Resources and Ore Reserves

Reserves 42.8 Million Ounces

Resources80.0 Million Ounces

Gold Resources & Reserves

Cadia

Valley, 55%

Gosowong, 6%

Telfer, 33%

Cracow, 1%Morobe, 5%

Cadia

Valley,54%

Gosowong, 4%

Telfer, 24%

Cracow, 1%

Marsden, 2%

Morobe, 10%Namosi, 5%

Based on US$650/ozBased on US$700/oz

11

Reserves4.67 Million Tonnes

Resources14.36 Million Tonnes

Copper Resources & Reserves

Cadia

Valley, 80% Telfer, 11%

Morobe, 9%

30 June 2009 Resource and Reserve estimates are based on Newcrest’s production interest. For details refer to the Newcrest Annual Statement of Mineral Resources and Ore Reserves

Cadia

Valley, 56%

Morobe, 6%

Namosi, 27%

Telfer

6%

Marsden, 5%

Based on US$2.00/Ib Based on US$1.70/Ib

12

Additional Resources

O’Callaghans

Inferred Resources Contained Metal

Grade Million Tonnes

Dry Tonnes

(millions)

Tungsten Trioxide (% W03)

Copper (% Cu)

Zinc(% Zn)

Lead (% Pb)

Tungsten Trioxide

Copper Zinc Lead

59 0.29 0.27 0.77 0.39 0.17 0.16 0.46 0.23

30 June 2009 Resource and Reserve estimates are based on Newcrest’s production interest. For details refer to the Newcrest Annual Statement of Mineral Resources and Ore Reserves

Silver 2009 -

44.6 Million Ounces(based on US$13/oz)

Gosowong, 5%

Cracow, 1%

Morobe

JV, 94%

13

Newcrest Operations & Projects

Telfer(100%)

Gosowong(82.5%)

Hidden Valley & Wafi/Golpu(50%)

Cracow(70%)

Cadia Valley(100%)

Namosi (69.94%)

Australia

Indonesia

Fiji

PNG

Mine Sites3 X Surface Mines4 X Underground Mines4 X Major Advanced Exploration Targets

14

Cadia

Valley

“Robust long term production future”

Huge resource base1

44 million ounces of gold

8 million tonnes of copper

Cadia East

Ridgeway Deeps

Near mine growth potential

1. Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2009

15

Caving Technology Evolution

CAVE BACK

CAVE ORE

DRAWPOINTS

NEXT PANEL

UNDERCUT ADVANCE

AIRGAP

OREBODY

Ridgeway 2000

Ridgeway Deeps 2009

Cadia

East 2012

Telfer 2005

Blind Sublevel Caving

Deep Sublevel Caving

Integrated High Panel Caves

Deep Block CavingRapid

Development

Cave Design

Preconditioning

New Processes Developed

16

Telfer

“Re-emerging…”

Large resource base1

19.6 million ounces of gold

0.92 million tonnes of copper

0.17 million tonnes of tungsten

0.46 million tonnes of zinc

0.23 million tonnes of lead

Brownfields exploration focus in 2009/10

1. Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2009

17

O’Callaghans Skarn

Resource area

ExistingJuly drilling

Drill hole

500m

15.2m @ 0.30 WO3, 0.18% Cu, 1.71% Zn

6m @ 0.35 WO3, and 41.5m @ 0.30 WO3

0.38% Cu

33m @ 0.30 WO3, 0.38% Cu, 5.4% Zn

41.75m @ 0.37 WO3, 0.38% Cu, 2.6% Zn, 2.1% Pb

Inferred Resource1

59 millions tonnes at average grade:

0.29% WO3

0.27% Cu

0.77% Zn

0.39% Pb

1. Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2009. Details of drilling results can be found on the Newcrest website.

18

Gosowong

“A very high grade gold field”

450koz pa mine

5 million ounces discovered to date1

Reserves replaced in 2009

Targeting a second mining front at Toguraci North

Includes past production from Gosowong, Toguraci and Kencana + Mineral Resources to June 30, 2009. Refer annual statement.

19

Toguraci North –

Strong Results

Damar

TND007: 2.3m @ 331g/t Au

TND003: 7.7m @ 12g/t Au

Yahut

TND013: 8.2m @ 24g/t Au

Lengket

TFD037: 5.5m @ 19g/t Au

Toguraci Pit470 kOz

Au

Toguraci NorthToguraci North

Legend

Exploration Targets

400m

.

Details of drilling results can be found on the Newcrest website.

20

Namosi

JVSPL1420

0 5kilometres

Waivaka

Waisoi

Wainabama

2km

“Enormous potential”

69.94% equity earn-in completed

Waisoi resource1 estimated at 1300 Mt @ 0.14g/t gold + 0.42% copper

NCM share 4 million ounces gold and 3.83 million tonnes copper

High grades intercepted recently at Waivaka

Extensive target inventory

1. Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2009. Waisoi Resource shown is 100%.

21

High Grades at Waivaka

Next hole = NVD008

(drilled 200 metres to the west along strike)

603m @ 0.53% copper + 0.03g/t gold

including high grade 94m@ 1.21% copper and 0.23g/t gold

drilling ongoing

Earlier drill holeSection Line

Details of drilling results can be found on the Newcrest website.

22

Hidden Valley

First gold poured in June 2009

Existing resource 5.4 million ounces gold and 42.0 million ounces silver

Resource drilling and expansion studies underway

Multiple near mine targets

“Delivered, producing … expanding”

Mineral Resource numbers based on 100% equity. For details refer Harmony website.

2

kilometres

0 1

Hidden Valley

Mill Site

Tais CreekAwei Tuwe

Nosave

Bulldog

EL 677

EL 497

ML 151

PuruwangBig Wau

Apu Creek

Yafo

Hamata

SalembaUpper Bulolo

Pihema

Yava

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RODS EDITSWafi-Golpu

Porphyry exploration TargetGold Target

Diatreme

Nambonga North Porphyry1.0 Moz AuNambonga North Porphyry1.0 Moz Au

Wafi Gold 6.2 Moz AuWafi Gold 6.2 Moz Au

Golpu Porphyry2.9 Moz Au, 1.7 Mt CuGolpu Porphyry2.9 Moz Au, 1.7 Mt Cu

MiapilliNorthern Margin Au

Resource

Highly mineralised district – > 10Moz

Delivered Nambonga Resource – FY09

Focus on unlocking Wafi-Golpu potential

Testing Northern Margin for high grade gold

Drilling below Golpu resource planned

Mineral Resource numbers based on 100% equity for Wafi, Golpu and Nambonga North. For details refer to Harmony website.

24

Gold production to increase 40% over 5 years

1.63Moz

2.30Moz

FY2009 FY2014

1.81 –

1.91Moz

5 %

5 %

5 %

5 %

Hidden ValleyGosowong

Hidden ValleyCVO

Ridgeway Deeps Cadia East

Hidden ValleyCadia East

TelferCadia East

5 year Copper production to increase 30% from FY2009. Total copper to exceed 100,000t pa from FY2013.

Excludes future production from the following internal opportunities :

Wafi/Golpu, O’Callaghans, Namosi, Camp Dome, Gosowong 2 Vertical Stockwork

Corridor, West Dome Deeps, Marsden.

25

Guidance –

5 Year Capital

0

20

40

60

80

100

120

FY2009 FY2010 FY2011 FY2012 FY2013 FY2014

Rel

ativ

e $M

Bas

e Ye

ar F

Y200

9

PNG Acquisition & Ridgeway Deeps Construction

Construction

of Cadia

East Project

100 = $1.27 Billion for Capital Expenditure in FY09

Additional Future Growth Options?

26

Appendices

27

Project Portfolio Doubled

+= Pre 2008 = Now

28

Ridgeway Deeps Block Cave

Cadia Hill

Cadia East Panel Cave

Resource of 94 million gold equivalent ounces1

(Approximation calculated at Gold: US$700 per ounce; Copper: US$2.00 per pound)

Ridgeway Sublevel Cave

Cadia Valley

1. Cadia Province Gold Resource 44.0Moz and Copper Resource 7.98Mt. Newcrest Annual Statement of Mineral Resources & Ore Reserves to June 30, 2009. Refer to Newcrest website for more details.

29

Lift 0

Lift 1

Lift 2

Conveyor Decline Main Decline

Orebody Open

1,200m

Cadia Hill Pit

Cadia Valley -

Cadia East Feasibility

Development of Australia’s largest underground mine

Feasibility on track for completion at end calendar 2009

Capital expenditure less than A$2 Billion

Mine life of 30+ years

Production increasing

–

Gold over 700koz pa by 2013

–

Copper over 75kt pa by 2012

Newcrest resource & reserve estimates as at 30 June 2009For details refer to the Newcrest 2009 Annual Report

Gold Mineral Resource 33.2MozOre Reserve 18.7Moz

CopperMineral Resource 6.59MtOre Reserve 3.16Mt

30

Gosowong

Expansion Project

Increased gold production targeting 450,000oz per annumOre Reserve 2.4Moz & Mineral Resource 2.8Moz (Kencana) Successful commissioning of vertimill in May 09Capital spend around US$200M to completion

K1 (existing) K2 & K Link (expansion)

IRR > 50%(on current

reserves)

Newcrest Resource & Reserve estimates as at 30 June 2009 For details refer to the Newcrest 2009 Annual Report

31

Porphyry Belt

Mining Locations

Papua New Guinea Joint Venture

New Britain

LaeAureFLY PLATFORMTrough

Lihir

Port Moresby

Madang

Lae

Grasberg

LihirPorgera

OK Tedi

PNG JV Projects

32

Morobe PNG Province

PapuaNew

Guinea

Bulolo

Lae

N

S

EW

0 25 50kilometres

Hidden Valley project

Wafi/Golpu project

Morobe Coast project

Kesiago

Biamena

Hamata Yafo

Hidden Valley

Wafi-GolpuNambonga