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GlobeNewswire·

Teck Announces the Mailing of a Letter of Transmittal in Connection with the Merger of Equals with Anglo American

TECK
  • Teck Resources Limited mailed a Letter of Transmittal to registered holders of Class A common shares & Class B subordinate voting shares regarding the court-approved merger with Anglo American plc.
  • Each Teck Share will be exchanged for 1.3301 Anglo American ordinary shares, or eligible Canadian shareholders may elect to receive exchangeable shares of Anglo Teck Exchangeco Limited instead.
  • The Letter of Transmittal is strictly for registered shareholders; beneficial shareholders holding through intermediaries must contact their broker or bank to deposit shares & make elections.
  • Registered shareholders holding share certificates or DRS advice must deposit a completed form with Computershare Investor Services Inc. to receive certificated Anglo Shares or DRS exchangeable shares.
  • Non-registered shareholders holding through CDS will have Anglo Shares credited to their CDS participant account, while those holding through DTC will receive American Depositary Receipts (ADRs).
  • Registered shareholders are advised to review the November 3, 2025 management proxy circular & the Letter of Transmittal instructions available on SEDAR+, EDGAR, or Teck's website.
  • Failure to deposit a properly completed Letter of Transmittal by the Election Deadline results in receiving Anglo Shares as the default consideration without the ability to elect exchangeable shares.
  • The Election Deadline has not yet been determined but will be announced at least seven business days in advance via a news release.
  • Shareholders failing to deposit required documentation by the third anniversary of the Merger closing will forfeit their right to consideration & be removed from the Anglo Shares register.
  • A 1.5% UK stamp duty or stamp duty reserve tax may apply if Anglo Shares are transferred to clearance services or ADR depositaries post-issuance; registered shareholders holding certificates are advised to transfer shares to CDS or DTC before the Merger closes.
  • The release contains forward-looking statements regarding the merger completion, regulatory approvals, tax implications, & shareholder election timing subject to risks & uncertainties.