NORTHERN STAR RESOURCES LTD — AGM Information 2016

Nov 28, 2016

CHAIRMAN’S AGM ADDRESS

Dear Shareholders

With the support of Shareholders today, I will hand the Chairmanship of Northern Star to Bill Beament.

Planning for succession is vitally important for all businesses. We have brought on board in Shirley and David, highly experienced Directors both with senior executive experience in the resource industry. The step up for Bill to Executive Chair is the next step in an illustrious career and allows the promotion of our COO Stuart Tonkin to CEO. This in turn has allowed promotions within our excellent management team. The decision to stand down as Chair was easy and logical. I will be staying on the Board for my remaining 2 year term - just in case they need to access some of the experience that only comes with White Hair.

It has been an outstanding year in which to end my time as Chairman.

ASX ANNOUNCEMENT 29 November 2016

Australian Securities Exchange Code: NST

Board of Directors

Mr Chris Rowe Non-Executive Chairman

Mr Bill Beament Managing Director

Mr Peter O’Connor Non-Executive Director

Mr John Fitzgerald Non-Executive Director

Ms Shirley In’tVeld Non-Executive Director

Mr David Flanagan Non-Executive Director

Issued Capital

Shares 601M Options 3M

Current Share Price A$3.66

Market Capitalisation A$2.2 billion

Cash and Cash Equivalents 31 Sep 2016 - A$350 million

Level 1, 388 Hay St Subiaco WA 6008 T +6 8 6188 2100 F +6 8 6188 2111 E info@nsrltd.com www.nsrltd.com

The combination of the higher US-dollar gold price and lower Australian dollar provided our industry with the ideal environment to deliver strong returns for Shareholders.

With this wind in our back, the onus was on us as a company to maximise the opportunity by continuing to drive down costs and to set ourselves up for the next chapter of growth by investing in exploration and development.

I believe we did make the most of this opportunity, delivering a 65% increase in net profit to a record A$151.4 million for the year to 30 June 2016.

All-in sustaining costs continued to fall, averaging A$1,041/oz, helping to fuel a 21% rise in underlying free cash flow to a record A$224.3 million.

The strong performance culminated in your Company finishing the year with cash and cash equivalents of A$326 million, up from A$178 million a year earlier. And we have no bank debt.

As a result, we increased the full-year dividend from 5¢ to 7¢, fully-franked.

We also paid a special dividend of 3¢ a share, fully franked, from the proceeds of the Plutonic gold mine sale.

The sale of Plutonic enables us to focus our resources on four key operational centres: Kalgoorlie, Jundee, Paulsens and Tanami.

Each of these centres has significant upside and they will underpin growth in our production to 600,000ozpa by 2018. Bill Beament will discuss this strategy in more detail as part of his presentation later this afternoon so I will leave my commentary there.

But I would like to take this opportunity to thank all those who have supported me during my 13 years as Chairman of Northern Star. It has been a remarkable journey for me in so many respects. I am proud to have been Chairman of this wonderful Company and I look forward to remaining closely involved as we seek to capitalise on the next generation of opportunities we have created for ourselves.

Yours sincerely

CHRIS ROWE Non-Executive Chairman

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