Nexa Resources S.A. Announces Pricing of Initial Public Offering

SÃO PAULO--()--Nexa Resources S.A. (“Nexa Resources” or the “Company”), together with Votorantim S.A., the Company’s controlling shareholder (“VSA”), announced today the pricing of the initial public offering of 31,000,000 of the Company’s common shares at a public offering price of US$16.00 per share, representing an aggregate offering of US$496 million. The common shares are expected to begin trading on the New York Stock Exchange (“NYSE”) and the Toronto Stock Exchange (“TSX”) on October 27, 2017 under the ticker symbol “NEXA”. The offering is expected to close on October 31, 2017, subject to customary closing conditions.

In connection with the offering, VSA has granted the underwriters a 30-day option to purchase up to an additional 4,650,000 common shares at the public offering price less the underwriting discount to cover over-allotments, if any.

J.P. Morgan Securities LLC, BMO Capital Markets, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as global coordinators in this offering. BofA Merrill Lynch, Citigroup Global Markets Inc., Scotia Capital Inc., Banco Bradesco BBI S.A. and Credicorp Capital Sociedad Agente de Bolsa S.A. are acting as joint bookrunners. ABN AMRO Securities (USA) LLC, Banco do Brasil Securities LLC, Macquarie Capital Markets Canada Ltd., MUFG Securities Americas Inc., National Bank of Canada Financial Inc. and RBC Capital Markets, LLC are acting as co-managers.

The offering has been made pursuant to a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”). The offering has been made only by means of a prospectus. A registration statement on Form F-1 relating to the proposed offering was filed with the SEC and became effective today. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. Before you invest, you should read the preliminary prospectus in the registration statement and other documents we filed with the SEC for more complete information about the Company and this offering.

Copies of the prospectus related to the offering may be obtained by contacting J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Telephone number: 1-866-803-9204); BMO Capital Markets, Attention: Prospectus Department, 25 Floor, 3 Times Square, New York, NY 10036 (Telephone number: 1-800-414-3627); Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 (Telephone number: 1-866-718-1649); or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010 (Telephone number: 1-800 221-1037).

The Company has also obtained a receipt for a final base PREP prospectus filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada on the date hereof. A copy of the supplemented PREP prospectus containing pricing information and other important information relating to the common shares may, when available, be obtained from the underwriters at the addresses set out above and will be available on the SEDAR website at www.sedar.com under the Company's profile.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Nexa Resources S.A.

Nexa Resources S.A. is an integrated zinc producer with over 60 years of experience developing and operating mining and smelting assets in Latin America. The Company operates and owns five long-life underground mines, three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil.

Forward Looking Statement

Certain statements contained in this press release contain “forward-looking information” (“forward-looking statements”) within the meaning of United States and Canadian securities laws, including statements regarding the expected closing date of the offering. These forward-looking statements represent the Company's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, including conditions to closing the offering, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Company’s preliminary prospectus filed with the SEC and the final base PREP prospectus filed with the applicable Canadian securities regulatory authorities in connection with the offering. The risk factors and other factors noted in Company’s preliminary prospectus filed with the SEC and the final base PREP prospectus could cause actual events or the Company’s actual results to differ materially from those contained in any forward-looking statement.

Contacts

For U.S. Media
Edelman
Allison Metcalf, 212-819-4831
Allison.Metcalf@edelman.com
or
For Canadian Media
Edelman
Kaitlyn Nightingale, 647-899-7828
Kaitlyn.Nightingale@edelman.com

Release Summary

Nexa Resources S.A. Announces Pricing of Initial Public Offering

Contacts

For U.S. Media
Edelman
Allison Metcalf, 212-819-4831
Allison.Metcalf@edelman.com
or
For Canadian Media
Edelman
Kaitlyn Nightingale, 647-899-7828
Kaitlyn.Nightingale@edelman.com