Gold Fields offers Northern Star shareholders 0.3125 shares plus A$7.25 cash per share in takeover proposal

• Gold Fields submitted a non-binding proposal on Sept. 13, 2026 to acquire 100% of Northern Star via a scheme of arrangement.
• Offer terms: 0.3125 Gold Fields shares and A$ 7.25 cash per Northern Star share, implying A$ 27.00 per share.
• Northern Star’s board declined further engagement in a Sept. 24, 2026 response, citing timing as inappropriate.
• Mix-and-match elections proposed, capped at A$ 10.4 billion cash and 447 million new Gold Fields shares.
• Gold Fields estimates post-tax synergies at US$ 4-5 billion, with at least US$ 4 billion targeted from asset disposals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gold Fields Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S603556), on September 28, 2026, and is solely responsible for the information contained therein.