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

Temasek Holdings (Private) Limited

Tembusu Capital Pte. Ltd.

Bartley Investments Pte. Ltd.

 Ellington Investments Pte. Ltd.

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

28 August 2015

6. Date on which issuer notified:

3 September 2015

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

Below 5%

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

36,985,423

See (1) on Additional Information in Box 13

36,985,423

NIL

NIL

33,959,623

NIL

4.97%

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

33,959,623

4.97%

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

Temasek Holdings (Private) Limited ("Temasek") (Indirect) - 33,959,623 shares = 4.97% (see (2) in Box 13 below)

Tembusu Capital Pte. Ltd. ("Tembusu") (Indirect) - 33,959,623 shares = 4.97% (see (2) in Box 13 below)

Bartley Investments Pte. Ltd. ("Bartley") (Indirect) - 33,959,623 shares = 4.97% (see (2) in Box 13 below)

Ellington Investments Pte. Ltd. ("Ellington") (Direct) - 33,959,623 shares = 4.97% (see (2) in Box 13 below)

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:

(1) The 36,985,423 shares are directly held by Ellington immediately prior to 28 August 2015. Ellington is a wholly owned subsidiary of Bartley which is in turn a wholly owned subsidiary of Tembusu. Tembusu is a wholly owned subsidiary of Temasek.

(2) The 33,959,623 shares are directly held by Ellington immediately after the sale of 3,025,800 shares on 28 August 2015. Notification using shares in issue figure of 683,291,722 voting rights as at close of business on 31 July 2015.

14. Contact name:

Christina Choo

15. Contact telephone number:

+65 6828 6828