Recommended cash and scrip offer by OZ Minerals Highlights of...

Recommended cash and scrip offer by OZ Minerals Highlights of the Offer for Avanco Shareholders • Highly compelling, unanimously recommended offer of $0.085 cash plus 0.009 OZ Minerals shares for every one Avanco share • Offer price represents $0.168 per Avanco share, a 118% premium to the last closing price of Avanco1 • Significant premium values Avanco at $444m2 • Offer consideration is final and will not be increased3 • Shareholders collectively representing 30.62% of Avanco shares have indicated support. OZ Minerals has a Pre-Bid Acceptance Deed representing over 18.45% of Avanco shares • Implementation by way of a Takeover with a 50.1% bid acceptance condition • The Bid Implementation Deed has limited other conditions that are customary for a transaction of this nature