Teck Announces Cash Tender Offers and Consent Solicitations - Seite 3

Tendered Notes and delivered Consents, if applicable, may be withdrawn from the Tender Offers and Consent Solicitations at or prior to 5:00 p.m., New York City time, on March 6, 2017, unless extended by Teck (such date and time, as it may be extended, the "Withdrawal Deadline"). Holders of Notes who tender their Notes and deliver Consents, if applicable, after the Withdrawal Date, but prior to the Expiration Date, may not withdraw their tendered Notes or revoke deliveries of Consents.

All holders of Notes accepted for purchase pursuant to the Tender Offers will receive the applicable consideration set forth in the table above, plus accrued and unpaid interest on such Notes from the last interest payment date with respect to those Notes to, but not including, the applicable settlement date.

Acceptance for tenders of any Notes may be subject to proration if the aggregate principal amount for any series of Notes validly tendered and not validly withdrawn would cause the Aggregate Maximum Tender Amount to be exceeded. Furthermore, if the Tender Offers and Consent Solicitations are fully subscribed as of the Early Tender Date, holders who validly tender Notes and validly deliver Consents, if applicable, after the Early Tender Date will not have any of their Notes accepted for purchase.

The consummation of the Tender Offers is not conditioned upon any minimum amount of Notes being tendered or upon the receipt of the Requisite Consents (as defined below). However, the Tender Offers are subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase and Consent Solicitation Statement. In addition, in order for the proposed amendments to the indenture governing the 2019 Notes and the indenture governing the 2021 Notes to be adopted, Consents must be received in respect of at least a majority of the aggregate principal amount of the 2019 Notes and the 2021 Notes, respectively, then outstanding (the "Requisite Consents").

Citigroup Global Markets Inc., Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are the dealer managers in the Tender Offers and the solicitation agents in the Consent Solicitations. Goldman, Sachs & Co. and TD Securities (USA) LLC are co-managers. Global Bondholder Services Corporation has been retained to serve as the depositary, tabulation agent and information agent for the Tender Offers and Consent Solicitations. Persons with questions regarding the Tender Offers and Consent Solicitations should contact Citigroup Global Markets Inc. at (toll-free) [phone] or (collect) [phone], Mizuho Securities USA Inc. at (toll-free) [phone] or (collect) [phone] or Morgan Stanley & Co. LLC at (toll-free) [phone] or (collect) [phone]. Requests for copies of the Offer to Purchase and Consent Solicitation Statement, the related Letter of Transmittal and Consent and other related materials should be directed to Global Bondholder Services Corporation at (toll-free) [phone] or (collect) [phone].