Recommended cash offer update

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FOR IMMEDIATE RELEASE

2 December 2020

Recommended cash offer update

On 28 October 2020, the board of Nova Resources B.V. and the Independent Committee of KAZ Minerals PLC 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 (other than the KAZ Minerals Shares already owned or controlled by the Consortium) to be implemented by way of a scheme of arrangement.  On 19 November 2020, KAZ Minerals announced that it had asked the Court to adjourn the originally scheduled Court hearing seeking permission to convene the Court Meeting in connection with the Scheme. Posting of the Scheme Document can only take place after this hearing has been held and permission of the Court has been granted. A further announcement regarding the Court process will be made when appropriate.

Capitalised terms used in this announcement have the meaning given to them in the announcement dated 28 October 2020.

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