Directors’ Declaration

In the opinion of the Directors of Newcrest Mining Limited:

The Concise Financial Report of the Consolidated Entity for the year ended 30 June 2004 is in accordance with

Accounting Standard AASB 1039 ‘Concise Financial Reports’;
The financial statements and specific disclosures included in this Concise Financial Report have been derived from the full Financial Report for the year ended 30 June 2004;
There are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable and the companies and the parent entity to the Deed of Cross Guarantee described in Note 30 of the full Financial Report, will together be able to meet any obligations or liabilities to which they are, or may become, subject by virtue of the Deed of Cross Guarantee dated 6 November 1992; and
The financial statements and notes are in accordance with the Corporations Act 2001, including Sections 296 and 297.

This statement has been made in accordance with a resolution of the Directors.

[Signature]

Ian R Johnson
Chairman

[Signature]

Anthony J Palmer
Managing Director and Chief Executive Officer

31 August 2004
Melbourne