Newcrest recognises that risk is inherent in its business and that effective risk management is essential to protecting business value and securing the growth of the Company.

Accordingly, we will:

• Consider risk when establishing the appropriate strategic direction for the Company with regard to the diverse environments in which the Company operates
• Maintain a framework to describe how risk management is effectively implemented and integrated into Newcrest business systems and processes
• Apply risk management techniques as an integral part of decision-making at all levels
• Identify the potential impacts on the Company by undertaking risk assessment using approved criteria for likelihood and materiality
• Ensure that risk control measures are designed, implemented and operated to achieve a reduced level of residual risk and that control effectiveness is verified
• Implement processes for crisis management and business continuity planning that enable the Company to effectively respond to material risk events
• Provide effective risk financing strategies including insurance for the management of risk