Regulated Information
Notice pursuant to Article 8 of the Belgian Royal Decree of 27 April 2007

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW.

1 September 2014

Nyrstar NV ("Nyrstar" or the "Company"), the integrated mining and metals business, announces today the launch of a comprehensive strategic financing aimed at strengthening its financial flexibility and ability to maximise long-term growth opportunities. The comprehensive strategic financing involves a capital increase through the issuance of new ordinary shares with (non-statutory) preferential subscription rights for existing shareholders (the "Rights Offering"), an international rated notes offering to institutional investors (the "Notes Offering"), and a tender offer for Nyrstar's outstanding retail bonds (the "Tender Offer") that will be financed through part of the proceeds of the Rights Offering and Notes Offering.

The comprehensive strategic financing announced today is the culmination of an extensive review by Nyrstar of a range of funding options available to it, and follows on from the announcement made on Thursday 24 July 2014 regarding the Company's ongoing evaluation of financing options in order to address its funding needs.

HIGHLIGHTS
  • The comprehensive strategic financing is intended to allow Nyrstar to continue with the implementation of its stated strategy to capture the maximum value inherent in mineral resources and concurrently to enhance the Company's financial position and financial flexibility;
  • Rights Offering of new shares for an expected amount of ca. EUR 250 million with (non-statutory) preferential subscription rights for the existing shareholders.  Underwriting banks have been appointed and have provided a commitment to underwrite the Rights Offering;
  • Notes Offering to institutional investors of ca. EUR 350 million of Senior Unsecured Notes due 2019;
  • Use of Proceeds: the proceeds of the Rights Offering and Notes Offering will be used to:
    • Launch a Tender Offer for Nyrstar's outstanding retail bonds with a view to repurchasing any-and-all of its outstanding 2015 retail bonds and a portion of its outstanding 2016 retail bonds;
    • Fund capital expenditures required for Nyrstar's continued transformation through capital projects comprising the Smelting Strategic Review ("SSR") investment programme and the Port Pirie Redevelopment (the "Port Pirie Redevelopment"); and
    • Reduce net debt (towards a targeted Net Debt / EBITDA ratio of 2.5x), for transaction costs and for general corporate purposes.

Roland Junck, Chief Executive Officer of Nyrstar, said: "I am pleased to announce the launch of this comprehensive strategic refinancing, which represents an important step forward in Nyrstar's strategy to capture the maximum value inherent in mineral resources. The completion of these capital markets transactions should significantly enhance Nyrstar's financial position and flexibility. We are proactively addressing our near-term 2015 bond maturity, preparing for the further 2016 bond maturity, and providing significant new growth capital to continue the execution of our strategy."

For further information

Investors:
Amy Rajendran  Group Manager Investor Relations  T: +41 44 745 8103  M: +41 79 722 3089  E: amy.rajendran@nyrstar.com:
mailto:amy.rajendran@nyrstar.com

Media:
Dirk Delmartino  Brunswick Group (Brussels)  T: +32 2 235 6510
Pip Green  Brunswick Group (London)  T: +44 20 7404 5959
nyrstar@brunswickgroup.com:
mailto:nyrstar@brunswickgroup.com

The full press release can be downloaded from the following link:


Press Release (English):
http://hugin.info/138416/R/1852626/647499.pdf
Press Release (Dutch):
http://hugin.info/138416/R/1852626/647500.pdf
Press Release (French):
http://hugin.info/138416/R/1852626/647501.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nyrstar via Globenewswire
HUG#1852626