Nyrstar NV

Major Shareholding Notification • Mar 1, 2016

FORM TR-1 BE PARTI
1) Status of the notification
2) Issuer	Final
Identification number 0888-728-945	Name NYRSTAR
3) Reason for the notification
	Acquisition or disposal of voting securities or voting rights
4) Notification by
	A person that notifies alone
5) Persons subject to the notification requirement
	Name (& legal form for legal persons)	Address (for legal persons)
	BlueMountain Capital Management, LLC	280 Park Ave, 12 FL New York, NY 10017 USA
	6) Persons that dispose of, voting rights (Only to be filled in if art. 7 of the Law applies)
	Name (& legal form for legal persons)	Address (for legal persons)
Please continue entering the information in part il concerning the Click persons referred to in points 5 and 6
7) Date on which the threshold is crossed
	29/02/2016	(DD/MM/YYYY)
8) Threshold that is crossed (in %)
	3
		If the holding has fallen below the lowest threshold, you have the option of not entering any numbers under point 10
9) Denominator
	935,639,603
	Please enter the denominator before filling in the data

10) Notified details

A) Voting rights	Previous notification	After the transaction
	# of voting rights	# of voling rights		% of voting rights
Holders of voting rights		Linked to securities I	Not linked to the securities	Linked to securities	Not linked to the securities
BlueMountain Capital Management, LLC		42,500,000		4.54%	0.00%
TOTAL		42,500,000		4.54%	0.00%

Start with "groups" of holders, Calculate subtotals and then finish with the The totals, subtotals and % will be updated once you have clicked on
The totals, subtotals and % will be updated once you have clicked on
CALCULATE> $+1$

$\bullet$

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B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights
	TOTAL		(in relation to all expiration dates)	0	0.00%

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial (instruments)	# of voling rights	% of voling rights
	CALCULATE	42,500,000	4.54%

11) Chain of controlled undertakings through which the holding is effectively held, if applicable

Please describe, or join a diagram in attachment

BlueMountain Capital Management, LLC ("BlueMountain") is the investment manager for certain investment funds who own shares, Investment
power over the shares beneficially owned by the investment funds is held by BlueMounta

12) In case of proxy voting for only one GM

will cease to hold / Holder $\mathbf{0}$ voting rights as of will hold again

13) Additional information

A) Convertible bonds and rights to subscribe to voting securities not yet issued
Holder	Type of financial instrument	Exercise/Conversion Expiration date (DD/MM/YYYY) period or date		Number	# of voting rights that may be acquired if the instrument is exercised/converted
BlueMountain Capital Management, LLC Convertible Bond		25/09/2018	14/09/2018	1,000,000	462,962	$\clubsuit$
B) Shares without voting rights
Holder	Number
						$\bullet$
C) Remarks
The number column in 13A represents 1,000,000 EUR nominal of bonds.
Done at	280 Park Ave, 12 FL New York, NY 10017 USA
On
	1/03/2016	(DD/MM/YYYY)
Name & capacity
			Signature			٠
	Eric M. Albert, Chief Compliance Officer