Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

First Quantum Minerals Ltd.

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

SailingStone Capital Partners LLC

4. Full name of shareholder(s)  (if different from 3.):iv

NA

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

25 September 2015

6. Date on which issuer notified:

25 September 2015

7. Threshold(s) that is/are crossed orreached: vi, vii

10.33%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

CA3359341052

68,501,626

71,157,036

71,157,036

NIL

10.33%

NIL

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

NIL

NIL

NIL

NIL

NIL

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

NIL

NIL

NIL

NIL

NIL

Nominal

Delta

NIL

NIL

Total (A+B+C)

Number of voting rights

Percentage of voting rights

71,157,036

10.33%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

NIL

Proxy Voting:

10. Name of the proxy holder:

NA

11. Number of voting rights proxy holder will ceaseto hold:

NA

12. Date on which proxy holder will cease to holdvoting rights:

NA

13. Additional information:

This TR-1 is being submitted to replace previous TR-1 submitted on September 16, 2015.

14. Contact name:

Kathlyne Kiaie

15. Contact telephone number:

+1 415 429 5178