4 September 2007 Zinifex completes transfer of zinc smelting and alloying business to Nyrstar Nyrstar the world’s leading zinc metal producer is born Zinifex today announced that it had completed the transfer of its zinc and lead smelting and alloying assets to Nyrstar, thereby formally launching the joint- venture with Umicore and creating the world’s largest zinc metal producer. Incorporated in Belgium and headquartered in London, Nyrstar has wholly owned operations in Australia, Belgium, France, the Netherlands and the USA and joint ventures in Australia, China and France as well as a 24.9 per cent interest in Padaeng Industry Public Company Limited in Thailand. Nyrstar’s shareholders, Umicore and Zinifex, have contributed approximately 40 per cent and 60 per cent, respectively, of the relative value of Nyrstar’s assets. Nyrstar is however structured on an equal ownership basis, with Zinifex and Umicore each owning 50 per cent of the shares in Nyrstar and having equal voting rights, with an appropriate equalisation arrangement to be implemented at a future point. The formation of Nyrstar marks another significant milestone in the transformation of Zinifex to a fully-fledged mining company. It is the intention of both Zinifex and Umicore to undertake an initial public offering of shares in Nyrstar at an appropriate time. For more information, please read the attached Nyrstar statement which was issued separately and can also be viewed at Nyrstar’s website www.nyrstar.com For personal use only For further information, please contact: Matthew Foran Manager – Stakeholder Relations Tel: +61 (03) 9288 0456 or 0409 313 637 Email:
[email protected] PRESS RELEASE Nyrstar completes transfer of zinc and lead smelting assets from Umicore and Zinifex Creation of world’s largest zinc metal producer and a major lead producer Production of over one million tonnes of zinc per year 3 September 2007, Brussels, Belgium.