BofA-Gold Road Resources Australian gold M A continues,GOR recommend revised offer from GFI-20250505

$3.7bn final offer, 12% additional premium

The Gold Road (GOR) Board unanimously recommend the revised (and final) takeoveroffer from Gold Fields (GFI). The deal values GOR at A$3.40/sh ($3.7bn) in an all cashoffer with a fixed $2.52/sh (including GOR’s planned $0.35/sh special dividend onscheme becoming effective) which is an 11% increase from the $2.27/sh prior. And avariable component based on NST shareholding value upon scheme implementation(value of $0.88/sh at 2 nd May-25), which implemented represents a 12% premium to theprior offer made on 24 th March-25 ($3.05/sh) and 39% premium to their 3-month VWAP.Deal implementation is expected in Oct-25.