MMG Limited (MMG) disclosed that its non-wholly-owned subsidiary, Minera Las Bambas S.A. (MLB), has executed a revolving facility agreement with Bank of China Limited, Sydney Branch, securing a credit line of US$500.00 million for up to three years. The funds can be drawn, repaid, and re-drawn during the facility term, and will be used to meet MLB’s general funding requirements.

The agreement contains customary change-of-control covenants. Bank of China may accelerate repayment on no less than five days’ notice if China Minmetals Corporation (CMC) fails to: • maintain beneficial ownership of more than 50% of MMG’s issued share capital; • retain effective control over MLB; or • preserve the ability—directly or indirectly—to cast over 50% of MMG’s voting rights, appoint or remove a majority of MMG’s directors, or dictate MMG’s operating and financial policies.

Equivalent control conditions apply to MMG’s interest in MLB. Breach of any of these provisions entitles the lender to declare all outstanding amounts immediately due and payable.

The disclosure is made in accordance with Rule 13.18 of the Hong Kong Listing Rules.