Teck Announces the Mailing of a Letter of Transmittal in Connection with the Merger of Equals with Anglo American

About this update from Teck Resources Limited Class A

Teck Announces the Mailing of a Letter of Transmittal in Connection with the Merger of Equals with Anglo American VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it has mailed a letter of transmittal and election form (the “Letter of Transmittal”) to each registered holder of Class A common shares and Class B subordinate voting shares of Teck (collectively, the “Teck Shares”) in connection with the previously-announced court-approved plan of arrangement (the “Plan of Arrangement”) under section 192 of the Canada Business Corporations Act, involving, among other things, the merger of equals of Anglo American plc (“Anglo American”) and Teck (the “Merger”). The Letter of Transmittal explains how to exchange Teck Shares for the consideration under the Merger and, for eligible Canadian Teck shareholders, how to elect to receive the exchangeable share consideration under the Merger. Under the Merger, each Teck Share will be exchanged for 1.3301 ordinary shares (the “Anglo Shares”) of Anglo American (the “Exchange Ratio”), or, for eligible Canadian shareholders who so elect, the Exchange Ratio of exchangeable shares of Anglo Teck Exchangeco Limited (the “Exchangeable Shares”). The Letter of Transmittal is for use by registered shareholders only. Beneficial (non-registered) shareholders whose Teck Shares are registered in the name of an intermediary such as a broker, investment dealer, bank, trust company, trustee, nominee or other intermediary should not use the Letter of Transmittal but rather should contact their intermediary for instructions and assistance in depositing their Teck Shares and, if applicable, in making an election as to the form of consideration they wish to receive. Every intermediary has its own procedures with respect to depositing Teck Shares pursuant to the Merger and making an election and may have an earlier deadline. The table below summarizes the default settlement pathway for each category of Teck shareholder: Shareholder TypeDefault Settlement PathwayRegistered Teck shareholders (holding a share certificate or DRS advice)Must deposit a completed Letter of Transmittal with Computershare Investor Service...

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