In forming his vote for the advice, Glass Lewis said, amongst different issues, that:

• , , , That the Firm and the Board underwent a fairly complete evaluate course of within the months previous to the execution of the Association Settlement.
• , , , We imagine that the standalone case of the Firm will also be considered as having a comparatively excessive danger profile.
• , , , Shareholders ought to think about that the corporate faces vital near-term financing dangers.
• , , , We imagine that Rio Tinto’s present providing represents a good exit worth and a beautiful market premium for minority shareholders.

Peter Gillin, chairman of the board of Turquoise Hill, stated, “Glass Lewis’ suggestion validates the work of 5 impartial administrators on the particular committee, who devoted six months to an intensive course of of research and negotiation to safe a deal that might not be capable to safe a deal.” That’s in the most effective curiosity of the Firm and honest to the Firm’s minority shareholders. The association permits Turquoise Hill’s minority shareholders to amass a 67% premium over Turquoise Hill’s closing share worth as of March 11, via C$43.00 per share per share. Offers a possibility to crystallize the worth of the funding. , 2022, the final enterprise day earlier than Rio Tinto’s preliminary provide to amass minority shares of the corporate. As well as, the transaction, if authorised, will enable minority shareholders can be relieved of the funding, technical, market and geopolitical dangers and uncertainties related to the Firm with the event and operation of a large, advanced block-cave mine in a distant a part of Mongolia. Each the Board of Administrators and the Particular Committee your unanimous suggestions Reiterated that the minority shareholders of the corporate vote for the proposal to approve the association.”

Vote in the present day to transact

Your vote issues irrespective of what number of shares you’ve got. Shareholders should vote earlier than 10:30 a.m. (Montreal time) on October 28, 2022.

For extra data on the way to vote, shareholders are inspired to go to www.turquoisehilltransaction.com.

the way to vote

If you’re a registered shareholder, we’re asking you to take two actions.

First, your vote issues, irrespective of what number of shares you’ve got. Shareholders are inspired to vote prematurely of the Turquoise Hill Shareholders’ Particular Assembly in reference to the association (“Assembly”) on November 1, 2022. If you’re a registered shareholder, whether or not or not you intend to attend the assembly, to vote in your shares on the assembly, you possibly can both use the corporate’s switch agent, TSX Belief Firm (proxy for “Switch”). Agent”), Proxy Division, by mail at: TSX Belief, 1200-1 Toronto Avenue, Toronto, Ontario M5C 2V6, or TST Belief Firm, 1600-2001 Robert-Baurasa Blvd. , Montreal, Quebec H3A 2A6, or by way of the Web at www.tsxtrust.com/vote-proxy on October 28, 2022 at 10:30 a.m. (Montreal time) or, if the assembly is adjourned or adjourned, For those who maintain shares via a dealer, funding seller, financial institution, belief firm or different middleman (“worthwhile shareholder”), 48 hours previous to the beginning of the reconvened assembly, excluding Saturdays, Sundays and statutory holidays, the assembly You have to observe the directions given by your moderator to make sure that your vote is counted.

Second, if the association is authorised and accomplished, earlier than Rio Tinto can challenge consideration on your shares, the depository might want to receive the relevant letter of transmittal accomplished by you, in addition to proof representing the shares. letter and any extra paperwork which may be required. Registered shareholders should full, signal, date and return the hooked up letter of transmittal. If you’re a useful shareholder, you’ll obtain cost on your shares via your monetary middleman upon completion of the association.

questions

When you’ve got any questions in regards to the data contained on this press launch concerning voting your proxy and assembly, please contact our Proxy Solicitation Agent and Strategic Shareholder Advisor, Kingsdale Advisors at 1-888-370-3955 (reply at 1-888-370-3955). toll-free). US), or by calling 416-867-2272 (outdoors North America) or by e-mail at [email protected].

About Turquoise Hill

Turquoise Hill is a global mining firm centered on the operation and continued improvement of the Oyu Tolgoi copper-gold mine in Mongolia, which is the corporate’s main and solely bodily mineral useful resource asset. Turquoise Hill is owned by the Oyu Tolgoi mine via a 66% curiosity in Oyu Tolgoi LLC; Erdenes Oyu Tolgoi LLC, a Mongolian state-owned entity, holds the remaining 34% curiosity.

forward-looking statements and forward-looking data

Sure statements made herein, together with statements regarding issues that aren’t historic info and statements of the Firm’s beliefs, intentions and expectations concerning improvement, outcomes and occasions that may or might happen sooner or later, are throughout the that means ” future data”. relevant Canadian securities regulation and “forward-looking statements” throughout the that means of the “secure harbor” provisions of the US Personal Securities Litigation Reform Act of 1995. Ahead statements and knowledge regarding future occasions or future efficiency mirror present expectations or beliefs about future occasions and customarily “estimate”, “imagine”, “might”, “estimate” , are recognized by phrases akin to “anticipate”, “intend”, “possible”, “might”, “plan”. The expressions “looking for”, “ought to”, “will” and so forth recommend statements about future outcomes or an angle. These embrace, however usually are not restricted to, statements in regards to the association, together with the anticipated time of the assembly, and the potential dangers the Firm might face if the association just isn’t accomplished.

Ahead-looking statements and knowledge are made on the premise of sure assumptions and different materials elements which, if unfaithful, might trigger the Firm’s precise outcomes, efficiency or achievements to vary materially from future outcomes, efficiency or achievements expressed or expressed by such statements. are implied. or data. No assurance will be on condition that such statements or data will show to be true. Such statements and knowledge are primarily based on a variety of assumptions in regards to the potential of the events to acquire obligatory shareholder approval (together with minority approval) and courtroom approval, in a well timed method and on passable phrases; The power of the Events, in a well timed method, to fulfill different situations and situations regarding the association, present and future enterprise methods, native and world financial situations, and different necessities and assumptions regarding the atmosphere by which the Firm Will work The anticipated dates indicated might change for a variety of causes, together with an incapability to acquire the required shareholder approval (together with minority approval) and courtroom approval, or the necessity to prolong the deadline to fulfill different situations. to finish the association.

Readers are cautioned to not place undue reliance on forward-looking data or statements. By their nature, forward-looking statements contain a variety of assumptions, inherent dangers and uncertainties, each normal and particular, that contribute to the probability that the anticipated outcomes won’t materialize. Occasions or circumstances might trigger the Firm’s precise outcomes to vary materially from these anticipated or anticipated and expressed or implied in these forward-looking statements. Essential elements that would trigger precise outcomes to vary materially from these forward-looking statements embrace the “Danger Elements” part and the “Danger Elements” part of the Firm’s Administration Proxy Round dated September 27, 2022 (“Round”). The Firm’s Annual Info Kind, as a complement to the “Danger and Uncertainty” part of the Firm’s administration dialogue and evaluation for the three and 6 months ended June 30, 2022 (“Q2 2022 MD&A”). Additional data on these and different dangers, uncertainties or elements included in Turquoise Hill’s filings with the SEC, in addition to Schedule 13E-3 and Circulars.

Readers are additional cautioned that the “Danger Elements” part of the round, the “Danger Elements” part of the Firm’s Annual Info Kind, the “Dangers and Uncertainties” part of the Q2 2022 MD&A and the record of things listed in Schedule 13E-3 which can have an effect on the longer term It’s not exhaustive. Traders and others ought to fastidiously think about the foregoing elements and different uncertainties and potential occasions and shouldn’t depend on the Firm’s forward-looking statements and knowledge to make selections concerning the Firm. As well as, the forward-looking statements and knowledge contained herein are made as of the date of this doc and the corporate undertakes no obligation to replace or revise any included forward-looking statements or data, whether or not because of new Whether or not data, future occasions or in any other case, besides as required by relevant regulation. The forward-looking statements and knowledge contained herein are expressly certified by this warning assertion.

View the supply model at Businesswire.com: https://www.businesswire.com/information/residence/20221019005625/en/

Vice President Investor Relations and Communications
Roy McDowall
[email protected]

Twitter@TurquoiseHillRe . observe us on