CMOC Group Limited — M&A Activity 2016

Oct 20, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Stock Code: 03993)

UPDATE ON THE ACQUISITION OF FREEPORT-MCMORAN INC.’S COPPER AND COBALT BUSINESSES

References are made to the announcements of the China Molybdenum Co., Ltd.* (the “ Company ”) dated 9 May 2016, 15 May 2016, 20 May 2016, 25 May 2016, 8 July 2016, 15 July 2016, 25 July 2016, 29 July 2016, 8 August 2016, 22 August 2016, 31 August 2016, 8 September 2016, 15 September 2016, 25 September 2016 and 28 September 2016 in relation to the acquisition of Freeport-McMoRan Inc.’s Copper and Cobalt Businesses and the circular of the Company dated 8 September 2016 (the “ Circular ”). Capitalised terms used in this announcement have the same meanings as those defined in the Circular, unless otherwise stated herein.

As disclosed in the announcement dated 15 May 2016 and the Circular, one of the conditions precedent to the Closing is that the right of first offer held by THL under the terms of the TFHL JVSA shall have expired or been waived in writing by THL. As disclosed in the announcement dated 25 July 2016 and the Circular, the Company, FMDRC and THL have agreed to extend the period in which THL had the right to acquire FMDRC’s interest in TFHL to 15 September 2016 at 11:59 p.m. (New York time). As disclosed in the announcements dated 15 September 2016 and 28 September 2016, the Company, FMDRC and THL have agreed to further extend the period to 20 October 2016 at 11:59 p.m. (Shanghai time). The Company, FMDRC and THL have agreed to further extend the period to 15 November 2016 at 11:59 p.m. (Shanghai time).

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SHAREHOLDERS AND POTENTIAL INVESTORS SHOULD NOTE THAT THE ACQUISITION REMAINS SUBJECT TO VARIOUS CONDITIONS PRECEDENT AND MAY OR MAY NOT BECOME UNCONDITIONAL OR BE COMPLETED. THERE IS THEREFORE NO ASSURANCE THAT THE ACQUISITION WILL PROCEED. SHAREHOLDERS AND POTENTIAL INVESTORS ARE REMINDED TO EXERCISE CAUTION WHEN DEALING IN THE SECURITIES OF THE COMPANY.

By Order of the Board China Molybdenum Co., Ltd. Li Chaochun* Chairman

Luoyang City, Henan Province, PRC, 20 October 2016

As at the date of this announcement, the Company’s executive directors are Messrs. Li Chaochun and Li Faben; the Company’s non-executive directors are Messrs. Ma Hui, Yuan Honglin and Cheng Yunlei; and the Company’s independent non-executive directors are Messrs. Bai Yanchun, Xu Shan and Cheng Gordon.

• for identification purposes only

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