Teck Announces Cash Tender Offers and Consent Solicitations - Seite 2

C87392AE3 $600,000,000 5 $1,155.00 $30 n/a $1,185.00

(1) Includes the Early Tender Premium or Consent Payment, as applicable.

The terms and conditions of the Tender Offers and Consent Solicitations are described in an Offer to Purchase and Consent Solicitation Statement, dated February 21, 2017 (the "Offer to Purchase and Consent Solicitation Statement"), and the related Letter of Transmittal and Consent. Teck reserves the right, but is under no obligation, to increase the Aggregate Maximum Tender Amount without extending withdrawal rights except as required by law. The amounts of each series of Notes to be purchased may be prorated as set forth in the Offer to Purchase and Consent Solicitation Statement.

In conjunction with the Tender Offers, Teck will be soliciting consents from holders of the 3.000% Notes due 2019 (the "2019 Notes") to amend the indenture governing the 2019 Notes and from holders of the 8.000% Notes due 2021 (the "2021 Notes") to amend the indenture governing the 2021 Notes (the "Consent Solicitations").

The proposed amendments to the indenture governing the 2019 Notes and the indenture governing the 2021 Notes would shorten the minimum period required to deliver notice of optional redemption of the 2019 Notes and the 2021 Notes, respectively, to holders thereof from thirty (30) days to three business days prior to a redemption date, although Teck does not currently intend to redeem the 2019 Notes or the 2021 Notes. Holders that tender their 2019 Notes or 2021 Notes will be required to consent to the proposed amendments applicable to such Notes, and holders of 2019 Notes or 2021 Notes that consent to the proposed amendments will be required to tender their 2019 Notes and 2021 Notes, respectively.

The Tender Offers and Consent Solicitations will expire at 12:00 midnight, New York City time, at the end of the day on March 20, 2017, unless extended or earlier terminated by Teck (the "Expiration Date"). No tenders or related consents submitted after the Expiration Date will be valid. Subject to the terms and conditions of the Tender Offers and Consent Solicitations, the consideration for each U.S.$1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offers will be the tender offer consideration for such series of Notes set forth in the table above (with respect to each series of Notes, the "Tender Offer Consideration"). Holders of Notes that are validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on March 6, 2017 (such date and time, as it may be extended, the "Early Tender Date") and accepted for purchase pursuant to the Tender Offers and Consent Solicitations will receive the applicable Total Consideration for such series, which includes the early tender premium or consent payment, as applicable, for such series of Notes set forth in the table above (with respect to each series of Notes, the "Early Tender Premium" or "Consent Payment", as applicable). Holders of Notes tendering their Notes and delivering Consents, if applicable, after the Early Tender Date will only be eligible to receive the Tender Offer Consideration, which is the Total Consideration less the Early Tender Premium or Consent Payment, as applicable.