• De Grey Mining acquired by Northern Star Resources via scheme of arrangement
• All De Grey shares transferred to Northern Star, shareholders receive 0.119 new Northern Star shares per De Grey share
• De Grey to be delisted from ASX by 6 May 2025

De Grey Mining Ltd (ASX:DEG) has announced that the acquisition of 100% of the shares in De Grey by Northern Star Resources Ltd (ASX:NST) by way of a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) has been implemented. All De Grey shares have been transferred to Northern Star, and De Grey shareholders who held shares on the Record Date (5:00 pm (AWST) on 28 April 2025) (other than Ineligible Shareholders) have been issued the Scheme Consideration of 0.119 New Northern Star Shares for each De Grey Share held on the Record Date. The New Northern Star Shares to which Ineligible Shareholders would otherwise be entitled have been issued to a Sale Agent, who will sell those shares and distribute the proceeds to the Ineligible Shareholders. An application has been made to delist De Grey from the ASX, which is expected to take effect by close of trading on 6 May 2025. De Grey has received a non-binding draft class ruling from the ATO indicating that CGT scrip-for-scrip roll-over relief is available for certain De Grey shareholders, but the final class ruling is not expected to be issued until after the announcement.