Annual General MeetingBrussels

30 April 2008

2

Julien De WildeChairman

3

Please switchoff your mobilephones

4

Board of Directors

Peter MansellPaul Fowler Karel Vinck

Ray Stewart Roland Junck

5

Senior Management Team

Greg McMillanHeinz Eigner

Paul BibbyErling Sorensen

6

Today’s meeting is in Dutch in accordance withthe applicable laws.

Interventions in Dutch, French or English will betranslated simultaneously.

7

Constitution

of the

Bureau

8

Agenda

1. Submission of, and discussion on, the annual report of the Board ofDirectors and the report of the Statutory Auditors on the statutoryfinancial statements for the fiscal year ended on 31 December 2007

2. Approval of the statutory financial statements of the company for thefiscal year ended on 31 December 2007, and of the proposedallocation of the result

3. Submission of, and discussion on, the annual report of the Board ofDirectors and the report of the Statutory Auditors on the consolidatedfinancial statements for the fiscal year ended on 31 December 2007

4. Submission of the consolidated financial statements of the companyfor the fiscal year ended on 31 December 2007

5. Discharge from liability to the Directors of the company

6. Discharge from liability to the Statutory Auditors of the company

7. Approval, as far as needed and applicable, in accordance with Article556 of the Belgian Company Code

9

Convening

and

Composition

of the

Meeting

10

Deliberation

11

Paul FowlerChief Executive Officer

12

Key 2007 Highlights

� Good financial performance in challenging market conditions

� Successful completion of IPO

� Set platform for future growth through integration of assets

� Total zinc production of 1,073,000 tonnes, up 3% from 2006

� Revenue of €3,815 million, up 13% from 2006

� EBITDA of €560 million, up 5% from 2006

� Proposed dividend of €0.40 per share

13

Safety, Health and Environment

� Safety & Health� 16% reduction in 2007 indicative

of LTR 9.3� Targeting 25% improvement in

2008

� Environment� 56 recordable incidents in 2007,

all minor� Targeting 20% reduction in 2008� Capital projects focusing on

emission reduction andaddressing historicalcontamination

11.1

9.3

0

2

4

6

8

10

12

2006 2007

LTR*

* Excludes Chinese joint ventures

14

Plant Performance

Zinc Lead

129

253*

225

121

250239

77

1,269 1,294

0

200

400

600

800

1,000

1,200

1,400

2006 2007 Auby Balen &Overpelt

Budel Clarksville Hobart Port Pirie Other0

50

100

150

200

250

300

3502007Year-on-Year

* Excludes 11,000 tonnes of cathodes purchased from Auby for conversion into zinc and zinc alloys

� Production (‘000s tonnes)

15

Total Operating Costs

0

200

400

600

800

2006 2007

Employee

Energy

Other

626*

727** � Year-on-year increase inunderlying costs by 16%� Increased allocation of

corporate and other costs inH1 for former Zinifex sites

� Higher maintenance costs inH2 due to technical problems

� Stable energy costs despitehigher production levels

* Modified Pro Forma basis** Operating costs are on an underlying basis

€ millions

16

Capital Expenditure

0

20

40

60

80

100

120

140

160

2006 2007 2008

102*

150

� Expect capex spend to be€150 million in 2008.� €70 million on maintenance� €50 million on environmental� €30 million on growth projects

108*

€ millions

Maintenance

Environment

Growth

* Modified Pro Forma basis

17

Challenging Market Conditions

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

1.1

1.15

1.2

1.25

1.3

1.35

1.4

1.45

1.5

1.55

Jan-06 Jun-06 Dec-06 Jun-07 Dec-07

€ \ US$ Exchange Rate

Source: Bloomberg

Zinc LME Spot(US$\tonne)

€ \ US$Exchange Rate

Zinc LME Spot

18

Financial Highlights

N/A547353194Underlying EBITDA*

533560358202EBITDA*

1,1441,219721498Gross Profit

3,3893,8152,0901,725Revenue

224221117104Lead Production (‘000 tonnes)

1,0451,073545528Zinc Production (‘000 tonnes)

20062007H1H2unless otherwise indicated

12 months to 31 December2007€ millions

* Includes income from associates

As Nyrstar did not exist in 2006 it is unable to calculate an underlying 2006 result

� Unaudited modified pro forma results

19

Strategy

IndustryLeadership

Optimisingthe AssetsSynergiesSkills

Transfer

Enhancingthe OperationsTechnology Experience Productivity

TreatmentCharge

Regional Premiums

Industry consolidation

GrowthProjects

20

Outlook

� End-use demand predominantly driven by metals-intensive growth of

emerging economies

� Increase in smelting capacity mainly from China and India needed to

support domestic demand

� Surplus zinc mine production likely to result in higher treatment

charges over the medium term

� Treatment charge negotiations progressing as expected

� Premiums are tightening yet remain above historical norms

� Total metal production in 2008 expected to increase by up to 3%

21

Julien De WildeChairman

22

Shareholder Questions

23

Voting

24

Agenda

and

Proposed Resolutions

25

1. Submission of, and discussion on, the annualreport of the board of directors and the report ofthe statutory auditors on the statutory financialstatements for the fiscal year ended on December31, 2007.

26

2. Approval of the statutory financial statements of thecompany for the fiscal year ended on December 31,2007, and of the proposed allocation of the result.

Proposed resolution: The general shareholders’meeting approves the statutory financial statementsfor the fiscal year ended on December 31, 2007, aswell as the allocation of the result as proposed bythe board of directors.

1. Allocation to the legal reserves €3,092,813.53

2. Carried forward to the next fiscal year €18,763,457.10

3. Profit to be distributed €40,000,000

1. FOR

2. AGAINST

3. ABSTAIN

27

3. Submission of, and discussion on, the annualreport of the board of directors and the report ofthe statutory auditors on the consolidatedfinancial statements for the fiscal year ended onDecember 31,2007.

28

4. Submission of the consolidated financialstatements of the company for the fiscal yearended on December 31,2007.

29

5. Discharge from liability to the directors of thecompany.

Proposed solution: The general shareholders’meeting grants discharge from liability to each ofthe directors who were in office during theprevious fiscal year, for the performance of theirmandate during that fiscal year.

1. FOR

2. AGAINST

3. ABSTAIN

30

6. Discharge from liability to the statutory auditors ofthe company

Proposed resolution: The general shareholders’meeting grants discharge from liability to thestatutory auditors which were in office during theprevious fiscal year, for the performance of theirmandate during that fiscal year.

1. FOR

2. AGAINST

3. ABSTAIN

31

7. Approval, as far as needed and applicable, in accordance with Article556 of the Belgian Company Code.

Proposed resolution: To the extent necessary, the general shareholders’meeting approves the three-year € 350 million Multicurrency RevolvingFacility Agreement entered into by the company on December 19, 2007(“Multicurrency Revolving Facility Agreement”).

The general shareholders’ meeting takes note of, approves and ratifies, asfar as needed and applicable, in accordance with Article 556 of theBelgian Company Code, any clauses included in the MulticurrencyRevolving Facility Agreement (including, without being limited to, Article8.2) which in accordance with Article 556 of the Belgian Company Codeentail rights to third parties that have an impact on the company’s equityor give rise to a liability or obligation of the company, whereby theexercise of such rights is dependent upon a public take-over bid on thecompany’s shares or a change of the control over the company. Thegeneral shareholders’ meeting grants a special power of attorney to eachdirector and the company secretary of the company, acting singly and withthe power of substitution, to perform the formalities required by Article 556of the Belgian Company Code with respect to this resolution.

1. FOR

2. AGAINST

3. ABSTAIN

32

Julien De WildeChairman

Annual General MeetingBrussels

30 April 2008