NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

30 May 2014

FINAL RESULTS - SHARE PURCHASE PLAN AND PLACEMENT

Lynas Corporation (ASX:LYC, OTC:LYSDY) (Lynas) confirms that both its Share Purchase Plan and Top Up Placement have closed fully subscribed, adding $39.97 million (net of costs) to the Company's working capital reserves as it ramps up production at the Lynas Advanced Materials Plant (LAMP) in Malaysia.
Participation from existing Lynas shareholders in the recent share purchase plan (SPP) raised A$30.08 million, and has resulted in the issue of 266.18 million new Lynas shares. As announced on 28 May 2014, the issue price for the SPP shares is A$0.113 per new share.
Lynas is also pleased to announce that it has successfully completed the "Top Up Placement" (Placement) that was announced on 5 May 2014. An additional A$12 million was raised through the placement of 106.19 million ordinary Lynas shares to institutional and sophisticated investors at a price of A$0.113 per new share, the same price per share as for the SPP.
"We are delighted to have received such a strong response from our shareholders," said Lynas Chairman Nicholas Curtis. "The net proceeds to Lynas from the SPP and Placement of approximately $40 million will augment our working capital as we continue production and sales ramp-up at the LAMP in Malaysia to achieve positive operational cash flow.
"Following the successful capital raising, we are working constructively with financiers to restructure our debt repayment obligations to further solidify the Company's financial profile
through the build-up and retention of operating cash. I look forward to providing a further update on this in the near term."
The new shares issued under the SPP and the Placement (New Shares) will rank equally with existing fully paid ordinary Lynas shares. Allotment and trading of the New Shares issued under the SPP will take place on 30 May 2014. Allotment and trading of the New Shares issued under the Placement will take place on Monday 2 June 2014.
In accordance with the Lynas Convertible Bond Deed Poll that was released to the ASX on 24
January 2012, the Conversion Price under the Convertible Bond Deed Poll has been adjusted from
A$1.15 to A$0.98 as a result of the issue of the New Shares.

For further information please contact Alan Jury or Alistair Reid on +61 2 8259 7100.


For all media enquiries please contact Cameron Morse from FTI Consulting on +61 8 9485 8888.

IMPORTANT NOTICE

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any

securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (as amended) and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.

distributed by