Disclosure under Takeovers Panel Guidance Note 20

• Elliott Associates and Elliott International hold a long equity derivative position in Northern Star Resources.
• The position involves 76,194,999 shares with a reference price range of AU$ 17.37 to AU$ 31.66.
• No material changes to previously disclosed information.

Northern Star Resources Ltd (ASX: NST) disclosed that Elliott Associates, L.P. and Elliott International, L.P. hold an aggregate long equity derivative position in its fully paid ordinary shares. The position involves 76,194,999 shares with a reference price range of AU$ 17.37 to AU$ 31.66. The initial entry date for these derivatives was 12 February 2026. There have been no material changes to information previously disclosed to the market.