https://www.**promotion blocked**.au/tickers/asx-nst/announcements/2020-12-11/...

https://www.**promotion blocked**.au/tickers/asx-nst/announcements/2020-12-11/6a1011944/scheme-booklet-registered-with-asic/

If the Scheme is approved and becomes Effective, Saracen Shareholders will receive:
• scrip consideration of 0.3763 New Northern Star Shares for every 1 Scheme Share held at the Record Date4
, currently expected to fall on 5 February 2021; and
• a fully franked*Special Dividend of A$0.038 per Saracen Share held on the Special Dividend Record Date (currently expected to fall on 3
February 2021) which will be declared and paid by Saracen on or before the date the Scheme is implemented. If a favourable class ruling
is obtained from the ATO, Saracen Shareholders who are able to obtain the full benefit of the tax offset of A$0.016 per Saracen Share may
receive additional value (Refer to Section 9.2 for further details).
The Scheme Booklet contains detailed information about the Merger, including the reasons to vote in favour of, or against, the Scheme and the risks of
holding Northern Star Shares (section 8.4 in particular).