Notification of Major Interest in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: 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 the notification 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

See above

5. Date of the transaction and date on which the threshold is crossed or reached: v

4 June 2015

6. Date on which issuer notified:

10 June 2015

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

Above 5%

  8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of

Shares

Number of

Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

CA3359341052

27,120,387

See (1) on Additional Information in Box 13

27,120,387

NIL

NIL

41,889,617

NIL

6.08%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be

acquired if the instrument is

exercised/ converted.

% of voting rights

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 financial instrument

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

  Proxy Voting:

10. Name of the proxy holder:

NA

11. Number of voting rights proxy holder will cease to hold:

NA

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

NA

13. Additional information:

(1) The 27,120,387 shares are directly held by Ellington immediately prior to 4 June 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 41,889,617 shares are directly held by Ellington immediately after the close of the equity offering as announced by First Quantum Minerals Ltd. on 4 June 2015 ("Equity Offering"). Notification using shares in issue figure of 688,967,162 shares comprising (i) 600,505,712 shares as immediately prior to the Equity Offering; and (ii) 88,461,450 shares issued pursuant to the Equity Offering and exercise of the over-allotment option.

14. Contact name:

Christina Choo

15. Contact telephone number:

+65 6828 6828