Citigroup Global Markets Limited (Financial adviser and corporate broker to KAZ Minerals)
Robert Way, Tom Reid, David Fudge
Tel: +44 20 7986 4000
UBS AG London Branch (Financial adviser and corporate broker to KAZ Minerals)
Ian Hart, Jason Hutchings, David Roberts
Tel: +44 20 7567 8000
Linklaters LLP is acting as legal adviser to KAZ Minerals.
REGISTERED OFFICE
NOTES TO EDITORS
KAZ Minerals PLC ( KAZ Minerals or the Group ) is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan, Russia and Kyrgyzstan. It operates the Aktogay and Bozshakol open pit copper mines in the East Region and Pavlodar region of Kazakhstan, three underground mines and associated concentrators in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan. In 2020, total copper production was 306 kt with by-products of 196 koz of gold, 3,374 koz of silver and 50 kt of zinc in concentrate. The Group acquired the Baimskaya project in the Chuko
Citigroup Global Markets Limited (Financial adviser and corporate broker to KAZ Minerals) Robert Way, Tom Reid, David Fudge Tel: +44 20 7986 4000 UBS AG London Branch (Financial adviser and corporate broker to KAZ Minerals) Ian Hart, Jason Hutchings, David Roberts Tel: +44 20 7567 8000 REGISTERED OFFICE NOTES TO EDITORS KAZ Minerals PLC ( KAZ Minerals or the Group ) is a high growth copper company focused on large scale, low cost, open pit mining in Kazakhstan, Russia and Kyrgyzstan. It operates the Aktogay and Bozshakol open pit copper mines in the East Region and Pavlodar region of Kazakhstan, three underground mines and associated concentrators in the East Region of Kazakhstan and the Bozymchak copper-gold mine in Kyrgyzstan. In 2020, total copper production was 306 kt with by-products of 196 koz of gold, 3,374 koz of silver and 50 kt of zinc in concentrate. The Group
Linklaters LLP is acting as legal adviser to KAZ Minerals.
Important notices
VTB Capital, which is authorised by the PRA and regulated by the PRA and the FCA in the United Kingdom, is acting exclusively for Bidco and no one else in connection with the Acquisition and will not be responsible to anyone other than Bidco for providing the protections afforded to clients of VTB Capital nor for giving advice in relation to the Acquisition or any matter or arrangement referred to in this announcement.
Citigroup, which is authorised by the PRA and regulated in the UK by the FCA and the PRA, is acting as financial adviser for KAZ Minerals and for no one else in connection with the Acquisition and other matters described in this announcement, and will not be responsible to anyone other than KAZ Minerals for providing the protections afforded to clients of Citigroup nor for providing advice in connection with the Acquisition or any other matters referred to in this announcement. Neither Citi
INCREASED CASH OFFER 1. Increased Offer
On 28 October 2020 the board of Nova Resources B.V. ( Bidco ) and the Independent Committee announced the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued share capital of KAZ Minerals PLC ( KAZ Minerals ) (other than the KAZ Minerals Shares already owned or controlled by members of the Consortium) (the 2.7 Announcement ) and on 7 December 2020, Bidco announced (the Switch Announcement ) that the Acquisition was to be implemented by way of a recommended takeover offer (the Original Offer ).
Bidco and KAZ Minerals are pleased to announce the terms of a significantly increased offer comprising 780 pence in cash for each KAZ Minerals Share (the Increased Offer ), which has been unanimously recommended by the Independent Committee of KAZ Minerals.