Tokyo Roadshow 30 June – 1 July 2009

Ian Smith CEO & MD

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

Gold as a Store of Value

Since free float in 1973, gold has consistently beaten inflation

0

200

400

600

800

1000

1200

1400

1600

Jun-73 Jun-76 Jun-79 Jun-82 Jun-85 Jun-88 Jun-91 Jun-94 Jun-97 Jun-00 Jun-03 Jun-06 Jun-09

US CPI Gold USD Source: Bloomberg 10 Jun 09 & US Dept of Labor

4

Gold Equities Outperform

Global gold equities have outperformed global property, US bonds and global equities over the long term

Source: Bloomberg 10 Jun 09

Global Returns (%)

-50%

0%

50%

100%

150%

200%

250%

300%

Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Jun-07 Dec-07 Jun-08 Dec-08 Jun-09

SPX/TSX Global Gold Index S&P/Citigroup World Property Index Global Bonds - Lehman US Aggregate Index S&P Global 1200

5

Current Gold Price Environment

Massive increase in demand for Gold ETFs; 40% increase in calendar year 2009 to over 40Mozs

Comex in strong net long position

Low jewellery demand offset by unprecedented demand for coins & bars

Supply side constraints –

declining global production–

fewer major discoveries

6

Newcrest

7

Newcrest Overview

Top tier gold producer

Top 20 Australian Stock Exchange listed company

Low gearing and strong balance sheet

Multiple growth options

8

Secure Debt Position and Low GearingGearing level approximately 1%Cash Balance at 31 May 2009 was over US$300MUS$969 million of undrawn debt facilities (maturing throughout 2010)

US$350 million US Private Placement Maturity Profile

0

50

100

150

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

120105

100

25

Maturity Date Calendar Year

US$

M

9

First Cost Quartile Producer

Cumulative Production %

Cas

h C

ost U

S$ p

er o

unce

-200

-100

0

100

200

300

400

500

600

10% 20% 30% 40% 50%

Newcrest Average – 9 Months to March 2009 US$347/oz

2008 World Average US$467/oz

Source:GFMS

10

Capital Returns

Source: Company ReportsROCE = EBIT/Shareholder Equity + net debt

Return On Capital Employed (ROCE)2008 Calendar Year

20%

17%

14%

8% 8% 7%6%

5%3%

New

cres

t

Gol

dFie

lds

New

mon

t

Ang

logo

ld

Lihi

r

Bar

rick

Yam

ana

Kin

ross

Gol

dcor

p

11

Cash Returns

Return on Invested Capital (ROIC)2008 Calendar Year

Source: Company ReportsROIC is calculated as EBITDA divided by the sum of Long Term Debt and Total Shareholder Equity

25%

21% 21%

12% 11%9% 9%

7%

New

cres

t

Gol

dFie

lds

New

mon

t

Bar

rick

Lihi

r

Kin

ross

Yam

ana

Gol

dcor

p

12

Newcrest Operations

Telfer Processing Facility

13

Newcrest Operations & Projects

Telfer(100%)

Gosowong(82.5%)

Hidden Valley & Wafi/Golpu(50%)

Cracow(70%)

Cadia Valley(100%)

Namosi (65%)

Australia

Indonesia

Fiji

PNG

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

14

Gosowong

Increased gold production targeting 450,000oz per annumThroughput rates of 65tph from mid 2010Recovery percentages above 95% with commissioning of VertimillCapital spend around US$200M to completion

K1 (existing) K2 & K Link (expansion)

IRR > 50%(on current

reserves)

15

Ridgeway Deeps Block Cave

Cadia Hill

Cadia East Panel Cave

Resource of 83 million gold equivalent ounces (Approximation calculated at Gold: US$600 per ounce; Copper: US$1.70 per pound)

Ridgeway Sublevel Cave

Cadia Valley

16

Cadia Valley - Ridgeway Deeps

Project on schedule and budget–

All capital committed–

On track for first production mid - 2009

Cave Development–

Undercutting on schedule–

Cave preconditioning program completed ahead of schedule

–

Cave is initiating as expected

Construction of Underground Conveyor

17

Lift 0

Lift 1

Lift 2

Conveyor Decline Main Decline

Orebody Open

Orebody Open

Orebody Open

Orebody Open

1,200m

Cadia Hill Pit

Cadia Valley - Cadia East Feasibility

Development of Australia’s largest underground mine

1. Newcrest resource & reserve estimates as at 30 June 2008

Gold1

Mineral Resource 28.0MozOre Reserve 15.8Moz

Copper1

Mineral Resource 5.57MtOre Reserve 2.68Mt

Capital expenditure < A$2 Billion

Mine life of 30+ years

Future Cadia Valley Production

–

over 700koz gold from FY13

–

over 100kt copper from FY14

18

Telfer

Schematic Long SectionTelfer Regional

Looking West

0 3 km

O’Callaghan’s

15 km10 kmTelfer Operations

CampDome

Shaft

WestDome

Pit

MainDome

Pit

TelferDeeps

West DomeDeeps

Extensionpotential

VerticalStockworkCorridor

Exploration target 40 -

60 Mt@ > 0.25% WO, + Cu Pb Zn MoConfirmed by drilling to date

3

Remaining 50% of Mag target to be drilled

Exploration target is a repeat of theMain Dome Telfer Deeps system

Drilling ongoing to confirm this target

Shaft is located between MD & WD(i.e. similar distance)

Oxide anomaly near surface> 0.5% Cu coincides with large Mag target

Expect to start drilling a large (~100Mt)primary sulphide Cu target in Q4

Exploration target 18-22 Mt@ > 1 g/t Au & > 0.3% Cuconfirmed by drilling to date

Grades appear to be increasing at depth(~1.8 g/t Au / 0.7% Cu)Drilling planned in Q4 to test open potential

O’Callaghan’s

Vertical Stockwork Corridor (VSC) West Dome Deeps

Camp Dome

19

Improvement at Telfer Since January 2008

Significant recovery improvement (grade profile flat)

Underground hoisting increased 20%

Mill utilisation improved 10%

Copper Recovery January 2008 to May 2009

70

75

80

85

90

95

0 2 4 6 8 10 12 14 16

Months

Cu

Rec

over

y%

Gold Recovery January 2008 to May 2009

78

80

82

84

86

88

90

92

94

0 2 4 6 8 10 12 14 16

Months

Gol

d R

ecov

ery%

20

Morobe Mining Joint Venture (PNG)

Porphyry Belt

Mining Locations

New Britain

LaeAureFLY PLATFORM Trough

Lihir

Port Moresby

Madang

Lae

Grasberg

LihirPorgera

OK Tedi

PNG JV Projects

50% equity interest

Exceptional mineral province comprising:

Hidden Valley Project

Wafi-Golpu Project

Morobe coast exploration

Hidden Valley Project as at May 2009

Construction is 86% complete

98% of project capital is committed

On schedule for mill commissioning in mid - 2009

Indonesia PNG

21

Hidden Valley Area

Awei Tuwe

Hidden Hidden Valley Pit

Big Wau

Mill Site

Pihema

Tais Creek

Salemba

Upper BuloloApu

Bulldog

Nosave Puruwang

0 1000Metres

HamataHamata Pit

YafoYafo

Drilling recommenced to convert exploration targets into additional Resource and Reserve

–

Initial drilling at Yafo Prospect intersected 5m @11.94 g/t Au including 1m @ 42.10g/t Au in hole YFDH001

Confident of mine and mill expansion from initial 250koz pa to:

–

over 300koz pa during 2010–

over 400koz pa during 2012

22

Golpu Pre-Concept

Golpu Mineral Resource (1) of 163.1Mt @ 0.57g/t and 1.08% for 3.0Moz Au and 1.76Mt Cu

Conceptual Mining Sequence

Stage 1 Underground: 40Mt @ 0.9g/t Au and 1.1% CuOpen Pit: 30Mt @ 0.7g/t Au and 0.4% Cu

Stage 2 Underground: 40Mt @ 0.6g/t Au and 1.0% Cu

Golpu Stage 1 underground contains similar tonnes and gold grade with double the copper grade of Ridgeway Deeps. This is before the added tonnes of Stage 1 Open Pit and Stage 2 Underground.

Mining designs associated with the nearby 6Moz WafiMineral Resource plus additional regional exploration targets are still maturing.

(1) Harmony Gold Mining Company Limited. JORC compliant estimate as at 30 June 2008. For details refer Harmony website.

23

Sustainable Growth

Gosowong - Rehabilitation

24

Exploration Success Exceeds Production Depletion

Reserves Growth : Production RatioExcluding Acquisitions (2000 – 2008)

Source: Company Reports

-1.3 -0.8 -0.3 0.2 0.30.7

1.0

3.4

AngloGold Goldfields

Newmont Barrick Harmony Goldcorp Kinross Newcrest

25

Low Cost Successful Explorer

Source: Metals Economics Group, Halifax, Nova Scotia, 2009Note: Preliminary data

Major Gold Producer Discoveries 1997 - 2008

0

5

10

15

20

25

Newcrest Average of successful explorers* Average of all major gold producers*0

5

10

15

20

25

30

35

Attributable ounces discovered (million oz) Discovery Cost (US$/oz)

Million oz US$/oz

21.5Moz

$12.72/oz

15.9Moz

4.0Moz

$17.22/oz

$31.88/oz

* Excluding Newcrest

26

Project Portfolio Doubled

+= Pre 2008 = Now

27

Newcrest Reserves

Newcrest Resource & Reserve estimates as at 30 June 2008

Operations, 40%

Projects, 60%

Operations, 46%

Projects, 54%

Gold Mineral Resources 70.6 Moz Gold Ore Reserves 40.0 Moz

Copper Mineral Resources 9.18Mt Copper Ore Reserves 4.15Mt

28

Gold production to increase 40% over 5 years

1.63-1.70Moz

2.30Moz

FY2009 FY2014

15 %

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.

29

Market Consensus Below Newcrest Estimates

Sell side Consensus Newcrest 5 year plan

1.5

1.6

1.7

1.8

1.9

2.0

2.1

2.2

2.3

2.4

FY2009 FY2010 FY2011 FY2012 FY2013 FY2014

2.30Moz

2.07Moz

1.63 – 1.70Moz

MozGold Production

30

Cash Cost per ounce down 30%R

elat

ive

$/oz

B

ase

Year

FY2

009

US$ @AUD:USD 0.80

US$ @ AUD:USD 0.65

A$ (Cu Price: FY10 =A$2.50/lb; FY11 – FY14 = A$3.00/lb)

Increased Au prod. with improved costs offset by slight drop in Cu

The additional effect of Cadia East commencing

40

60

80

100

120

FY2009 FY2010 FY2011 FY2012 FY2013 FY2014

31

Circle diameter represents relative market capitalisationCash Margin equals US$900/oz less calendar 2008 cash costs Reserve Life equals current gold Ore Reserves / calendar 2008 gold production

Newcrest

Kinross

Goldcorp

Lihir

Gold Fields

Barrick

NewmontAnglogold

350

400

450

500

550

600

650

13 18 23 28

Reserve Life (Years)

Cas

h M

argi

n U

S$/o

z

Primed for Value Growth

32

Appendices

Hidden Valley – Sag Mill & Grinding Area

33

Cadia Valley - Feasibility Production Profiles

FY 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Ridgeway

Ridgeway Deeps Ridgeway Deeps 2

Cadia EastCadia Hill

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

24.0

26.0

28.0

30.0

32.0

34.0

Ore

Mill

ed (M

t)

Production Profile 2

Production Profile 1

Gold Production Koz +500 +575 +650Copper Production kt +75+55 +90

+750+105

Gold Production Koz +500 +575Copper Production kt +55

+650 +700 +700 to +750+75 +100 +125 +135

Profile 1

Profile 2

34

5 Moz discovered to date

10 drill rigs currently in operation from both surface and underground

1. Kencana (3.6Mozs to date) –

targeting extensions to repetitions ofknown bonanza shoots

2. Gosowong Toguraci (1.4Mozs to date) –

testing known fertile structures for new bonanza shoots

3. Regional –

locating new fertile structures

K2; 1.4Moz

K1; 1.8Moz

K-Link; 0.3 Moz

K1 NORTH

K1 DEEPS

K2 SOUTHK2 DEEPS

K2 NORTH

Gosowong – A World Class Epithermal Goldfield

35

Telfer - Vertical Stockwork Corridor

Drilling has confirmed an exploration target of18-22Mt at >1 g/t Au, 0.39% Cu (open at depth)

200mOpen at depth

Telfer DeepsMining Shape

Drilling interceptsLooking West

North

0.8

1.8

Average resource grade

VerticalStockworkCorridorResourceshapes

Au g/t Cu %

0.27

0.71

36

Telfer - Tungsten Resources

Deposit Country Deposit Size Ore Tonnes

Mt

Grade WO3

%

% of World’s

Resources

1.

Shizhuyuan China 175 0.40 27

2.

Cantung Canada 48 1.01 15

3.

Xingluokeng China 116 0.25 11

4.

Yaogangxian China 22 1.20 8

Panasquiria Portugal 9.5 0.24 1

O’Callaghans Australia 40 -

60 0.25 4

1. China has 60% of world’s Tungsten resources2. Canada has 15% of world’s Tungsten resources3. O’Callaghans potential still growing (half drilled)

37

PNG Joint Venture

US$532M for a 50% interest in Harmony’s PNG assets:

–

3,400 + square kilometres–

Hidden Valley operation–

Wafi-Golpu projects –

Morobe coast exploration

Exceptional mineral provinceCompetitive priceLeverages regional capability

Acquisition Cost (US$/oz)

22

118

38

0

20

40

60

80

100

120

140

PNG Equity Cost PNG PostDevelopment

Industry average last18 months

Gol

d Eq

uiva

lent

s

38

Exploration - Morobe Mining JV – Wafi-Golpu

Nambonga North Nambonga North

Golpu Resource(1)

163Mt @ 0.57g/t Au 1.08% Cu3.0Moz Au, 1.76Mt CuOpen at Depth

Golpu Resource(1)

163Mt @ 0.57g/t Au 1.08% Cu3.0Moz Au, 1.76Mt CuOpen at Depth

1 kmGhavembu

Kesiago

Hesson Ck

Zenapu Hekeng

Resources

Exploration Targets

Key

Wafi Resource(1)

103Mt @ 1.88g/t Au6.2Moz Au

Wafi Resource(1)

103Mt @ 1.88g/t Au6.2Moz Au

Kesiago Prospect

4km from Wafi-Golpu resource

High potential intercept-

KDH001 389.4m @ 0.24 g/t

Au -

Discovery of new porphyrymineralisation

Highly prospective province containing over 10Moz gold

(1) Harmony Gold Mining Company Limited. JORC compliant estimate as at 30 June 2008. For details refer Harmony website.

39

Viti Levu

Namosi

Waivaka

Waisoi EastWaisoi WestWaisoi

0 2.5 5

kilometres? ?

MINERALISATIONGRADE HIGHER

Proposed Pit

366m @ 0.65% Cu, 0.29g/t Au (192-558m)(0.3% Cu cutoff)

Incl. 40m @ 1.34% Cu, 0.64g/t Au (342-382m)

Waisoi (East + West) drilling has confirmedan exploration target of 1,250 – 1,400Mt

containing ~ 6Moz Au & 5.6Mt Cu

40

Exploration - Cracow

200m

CBK2407.95m (5.6m) @ 5.7g/t Au

CBK22642.1m (19.75m) @ 6 g/t AuIncl. 12.35m (5.8m) @ 12 g/t AuIncl. 0.7m (0.35m) @ 19 g/t Au

CBK25212.95m (9.65m) @ 7.09 g/t AuIncl. 3.05m (2.04m) @ 21.76 g/t Au

New KilkennyOre Shoot Potential

Kilkenny Longsection

>50 m.g/t Au20-50 m.g/t Au1-20 m.g/t Au

Lode Intersection

m.g/t = g/t Au x true width (m)

NSAExisting Resources

CBK2595.5m (2.91m) @ 3.65 g/t Au

CBK259W112.8m (6.04m) @ 14.18 g/t AuIncl. 2.0m (0.94m)@ 79.43 g/t Au

Cracow