Scheme becomes Effective

• De Grey Mining Ltd's acquisition by Northern Star Resources Ltd via scheme of arrangement is now legally effective
• De Grey shares to be suspended from trading on ASX, with scheme consideration to be issued on 5 May 2025
• Non-binding draft ATO class ruling provides CGT scrip-for-scrip rollover relief for eligible De Grey shareholders

De Grey Mining Ltd (ASX:DEG) has announced that it has lodged with ASIC a copy of the Federal Court of Australia's orders approving the acquisition of 100% of De Grey's shares by Northern Star Resources Ltd (ASX:NST) via a scheme of arrangement. As a result, the scheme is now legally effective. De Grey shares will be suspended from trading on the ASX at the close of trading on 23 April 2025. De Grey shareholders who hold shares at the record date of 28 April 2025 (other than ineligible shareholders) will be issued 0.119 new Northern Star shares as scheme consideration on 5 May 2025, when the scheme is expected to be implemented. De Grey has received a non-binding draft class ruling from the ATO indicating that CGT scrip-for-scrip rollover relief will be available for certain De Grey shareholders in respect of the new Northern Star shares received as consideration. However, the final class ruling is not expected to be issued by the ATO until after the implementation date.