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ASX : NST NORTHERN STAR RESOURCES LIMITED ASX Announcement 10 February 2021 RECORD PROFITS , CASHFLOW AND INTERIM DIVIDEND Growth strategy on track , with completion of Saracen merger paving way for increase in production to 2Mozpa , underpinned by organic sources and low capital intensity All results relate only to Northern Star ; Saracen and Northern Star financial results to be combined from 12 February 2021 ( merger implementation date ) HIGHLIGHTS ■ Record underlying net profit after tax¹ ( NPAT ) of A $ 194.4M for the December Half , up 63 % from previous corresponding period ( pcp ) ■ Earnings per share of A25 ¢ ; up 27 % from pcp ■ Record statutory NPAT of A $ 184.5M , up 46 % from pcp ■ Record underlying free cashflow of A $ 226M , up 94 % from pcp , after record investment of A $ 108M in exploration and expansionary capital to grow production by 40 % over the coming three years ▪ Record Group EBITDA² of A $ 472.2M , up 47 % from pcp Revenue of A $ 1.1B , up 34 % from pcp ■ Interim dividend increased to A9.5 ¢ ( fully franked ) , up 27 % from pcp ; Based on payout policy of 6 % of revenue and calculated on the pre - merger issued capital base ■ Significant financial , operational and Company growth achieved while maintaining superior returns , with annualised average return on equity of 17.4 % ■ Gold sales of 480,431oz at an average price of A $ 2,386 / oz ; 39 % of gold sold into the hedge book , reducing hedging to ~ 10 % of next three years ' production · Outstanding results across operations ; EBITDA from operations of A $ 517M , up 42 % from pcp ; EBITDA margin of 46 % ■ Cash , bullion and investments of A $ 372M at 31 December ; Bank debt A $ 375M On track to meet NST FY2021 production guidance of 940,000-1,060,000oz Northern Star will host an interim results conference call today at 8:00 am AWST ( 11:00 am AEDT ) . The call can be accessed at https://webcast.boardroom.media/northern-star-resources- Itd / 20210210 / NaN6017468828cb65001a531637 Northern Star Resources ( ASX : NST ) is pleased to announce record profits , cashflow and interim dividend for the six months to December 31 , 2020 . The results stemmed from gold sales at the upper end of first - half guidance of 480,431oz . Production guidance for the full year is 940,000 oz - 1.06Moz , with the second half expected to be stronger than the first . Northern Star Resources Limited - ABN : 43 092 832 892 Level 1 , 388 Hay Street PO Box 2008 Subiaco WA 6008 , Australia Subiaco WA 6904 T : +61 8 6188 2100 F : +61 8 6188 2111 E : info@nsrltd.com W : www.nsrltd.com 1