This disclaimer applies to and governs the disclosure and use of this Environmental Impact Statement ("EIS"), and by reading, using or relying on any part(s) of the EIS you accept this disclaimer in full. This Environmental Impact Statement, including the Executive Summary, and all chapters of and attachments and appendices to it and all drawings, plans, models, designs, specifications, reports, photographs, surveys, calculations and other data and information in any format contained and/or referenced in it, is together with this disclaimer referred to as the “EIS”. Purpose of EIS The EIS has been prepared by, for and on behalf of Wafi Mining Limited and Newcrest PNG 2 Limited (together the “WGJV Participants”), being the participants in the Wafi-Golpu Joint Venture (“WGJV”) and the registered holders of exploration licences EL 440 and EL1105, for the sole purpose of an application (the “Permit Application”) by them for environmental approval under the Environment Act 2000 (the “Act”) for the proposed construction, operation and (ultimately) closure of an underground copper-gold mine and associated ore processing, concentrate transport and handling, power generation, water and tailings management, and related support facilities and services (the “Project”) in Morobe Province, Independent State of Papua New Guinea. The EIS was prepared with input from consultants engaged by the WGJV Participants and/or their related bodies corporate (“Consultants”). The Permit Application is to be lodged with the Conservation and Environment Protection Authority (“CEPA”), Independent State of Papua New Guinea. Ownership and Copyright The EIS is the sole property of the WGJV Participants, who reserve and assert all proprietary and copyright ©2018 interests. Reliance and Use The EIS is intended and will be made available to CEPA, for review by CEPA and other applicable agencies of the Government of the Independent State of Papua New Guinea (“Authorised Agencies”), for the purpose of considering and assessing the Permit Application in accordance with the Act (”Authorised Purpose”), and for no other purpose whatsoever. The EIS shall not be used or relied upon for any purpose other than the Authorised Purpose, unless express written approval is given in advance by the WGJV Participants. Except for the Authorised Purpose, the EIS, in whole or in part, must not be reproduced, unless express written approval is given in advance by the WGJV Participants. This disclaimer must accompany every copy of the EIS. The EIS is meant to be read as a whole, and any part of it should not be read or relied upon out of context. Limits on investigation and information The EIS is based in part on information not within the control of either the WGJV Participants or the Consultants. While the WGJV Participants and Consultants believe that the information contained in the EIS should be reliable under the conditions and subject to the limitations set forth in the EIS, they do not guarantee the accuracy of that information. No Representations or Warranties While the WGJV Participants, their Related Bodies Corporate and Consultants believe that the information (including any opinions, forecasts or projections) contained in the EIS should be reliable under the conditions and subject to the limitations set out therein, and provide such information in good faith, they make no warranty, guarantee or promise, express or implied, that any of the information will be correct, accurate, complete or up to date, nor that such information will remain unchanged after the date of issue of the EIS to CEPA, nor that any forecasts or projections will be realised. Actual outcomes may vary materially and adversely from projected outcomes. The use of the EIS shall be at the user’s sole risk absolutely and in all respects. Without limitation to the foregoing, and to the maximum extent permitted by applicable law, the WGJV Participants, their Related Bodies Corporate and Consultants: • do not accept any responsibility, and disclaim all liability whatsoever, for any loss, cost, expense or damage (howsoever arising, including in contract, tort (including negligence) and for breach of statutory duty) that any person or entity may suffer or incur caused by or resulting from any use of or reliance on the EIS or the information contained therein, or any inaccuracies, misstatements, misrepresentations, errors or omissions in its content, or on any other document or information supplied by the WGJV Participants to any Authorised Agency at any time in connection with the Authorised Agency’s review of the EIS; and • expressly disclaim any liability for any consequential, special, contingent or penal damages whatsoever. The basis of the Consultants’ engagement is that the Consultants’ liability, whether under the law of contract, tort, statute, equity or otherwise, is limited as set out in the terms of their engagement with the WGJV Participants and/or their related bodies corporate. Disclosure for Authorised Purpose The WGJV Participants acknowledge and agree that, for the Authorised Purpose, the EIS may be: • copied, reproduced and reprinted; • published or disclosed in whole or in part, including being made available to the general public in accordance with section 55 of the Act. All publications and disclosures are subject to this disclaimer. Development of Project subject to Approvals, Further Studies and Market and Operating Conditions Any future development of the Project is subject to further studies, completion of statutory processes, receipt of all necessary or desirable Papua New Guinea Government and WGJV Participant approvals, and market and operating conditions. Engineering design and other studies are continuing and aspects of the proposed Project design and timetable may change. Newcrest Mining Limited Disclaimer Newcrest Mining Limited (“Newcrest”) is the ultimate holding company of Newcrest PNG 2 Limited and any reference below to “Newcrest” or the “Company” includes both Newcrest Mining Limited and Newcrest PNG 2 Limited. Forward Looking Statements The EIS includes forward looking statements. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, “outlook” and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. The Company continues to distinguish between outlook and guidance. Guidance statements relate to the current financial year. Outlook statements relate to years subsequent to the current financial year. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from statements in this presentation. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company’s good faith assumptions as to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions will prove to be correct. There may be other factors that could cause actual results or events not to be as anticipated, and many events are beyond the reasonable control of the Company. Readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in the EIS speak only at the date of issue. Except as required by applicable laws or regulations, the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in assumptions on which any such statement is based. Non-IFRS Financial Information Newcrest results are reported under International Financial Reporting Standards (IFRS) including EBIT and EBITDA. The EIS also includes non-IFRS information including Underlying profit (profit after tax before significant items attributable to owners of the parent company), All-In Sustaining Cost (determined in accordance with the World Gold Council Guidance Note on Non-GAAP Metrics released June 2013), AISC Margin (realised gold price less AISC per ounce sold (where expressed as USD), or realised gold price less AISC per ounce sold divided by realised gold price (where expressed as a %), Interest Coverage Ratio (EBITDA/Interest payable for the relevant period), Free cash flow (cash flow from operating activities less cash flow related to investing activities), EBITDA margin (EBITDA expressed as a percentage of revenue) and EBIT margin (EBIT expressed as a percentage of revenue). These measures are used internally by Management to assess the performance of the business and make decisions on the allocation of resources and are included in the EIS to provide greater understanding of the underlying performance of Newcrest’s operations. The non-IFRS information has not been subject to audit or review by Newcrest’s external auditor and should be used in addition to IFRS information. Ore Reserves and Mineral Resources Reporting Requirements As an Australian Company with securities listed on the Australian Securities Exchange (ASX), Newcrest is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act 2001 and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and that Newcrest’s Ore Reserve and Mineral Resource estimates comply with the JORC Code. Competent Person’s Statement The information in the EIS that relates to Golpu Ore Reserves is based on information compiled by the Competent Person, Mr Pasqualino Manca, who is a member of The Australasian Institute of Mining and Metallurgy. Mr Pasqualino Manca, is a full-time employee of Newcrest Mining Limited or its relevant subsidiaries, holds options and/or shares in Newcrest Mining Limited and is entitled to participate in Newcrest’s executive equity long term incentive plan, details of which are included in Newcrest’s 2017 Remuneration Report. Ore Reserve growth is one of the performance measures under recent long term incentive plans. Mr Pasqualino Manca has sufficient experience which is relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code 2012. Mr Pasqualino Manca consents to the inclusion of material of the matters based on his information in the form and context in which it appears. Harmony Gold Mining Company Limited Disclaimer Harmony Gold Mining Company Limited (“Harmony”) is the ultimate holding company of Wafi Mining Limited and any reference below to “Harmony” or the “Company” includes both Harmony Gold Mining Company Limited and Wafi Mining Limited. Forward Looking Statements These materials contain forward-looking statements within the meaning of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, with respect to our financial condition, results of operations, business strategies, operating efficiencies, competitive positions, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters. These include all statements other than statements of historical fact, including, without limitation, any statements preceded by, followed by, or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “should”, “could”, “estimates”, “forecast”, “predict”, “continue” or similar expressions or the negative thereof. These forward-looking statements, including, among others, those relating to our future business prospects, revenues and income, wherever they may occur in this report and the exhibits to this report, are essentially estimates reflecting the best judgment of our senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in these materials. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation: overall economic and business conditions in South Africa, Papua New Guinea, Australia and elsewhere, estimates of future earnings, and the sensitivity of earnings to the gold and other metals prices, estimates of future gold and other metals production and sales, estimates of future cash costs, estimates of future cash flows, and the sensitivity of cash flows to the gold and other metals prices, statements regarding future debt repayments, estimates of future capital expenditures, the success of our business strategy, development activities and other initiatives, estimates of reserves statements regarding future exploration results and the replacement of reserves, the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, fluctuations in the market price of gold, the occurrence of hazards associated with underground and surface gold mining, the occurrence of labour disruptions, power cost increases as well as power stoppages, fluctuations and usage constraints, supply chain shortages and increases in the prices of production imports, availability, terms and deployment of capital, changes in government regulation, particularly mining rights and environmental regulation, fluctuations in exchange rates, the adequacy of the Group’s insurance coverage and socio-economic or political instability in South Africa and Papua New Guinea and other countries in which we operate. For a more detailed discussion of such risks and other factors (such as availability of credit or other sources of financing), see the Company’s latest Integrated Annual Report and Form 20-F which is on file with the Securities and Exchange Commission, as well as the Company’s other Securities and Exchange Commission filings. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events, except as required by law. Competent Person’s Statement The Wafi-Golpu Joint Venture is an unincorporated joint venture between a wholly-owned subsidiary of Harmony Gold Mining Company Limited and a wholly-owned subsidiary of Newcrest Mining Limited. The information in the EIS that relates to Golpu Ore Reserves is based on information compiled by the Competent Person, Mr Pasqualino Manca, who is a member of The Australasian Institute of Mining and Metallurgy. Mr Pasqualino Manca, is a full-time employee of Newcrest Mining Limited or its relevant subsidiaries, holds options and/ or shares in Newcrest Mining Limited and is entitled to participate in Newcrest’s executive equity long term incentive plan, details of which are included in Newcrest’s 2017 Remuneration Report. Ore Reserve growth is one of the performance measures under recent long term incentive plans. Mr Pasqualino Manca has sufficient experience which is relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code 2012. Mr Pasqualino Manca consents to the inclusion of material of the matters based on his information in the form and context in which it appears.