Add-on Acquisition • Metals/Mining

Xstrata Acquires Falconbridge Limited

On May 17, 2006, Xstrata acquired metals/mining company Falconbridge Limited for 14.6B USD

Acquisition Context

This is Xstrata’s 1st transaction in the Metals/Mining sector.
This is Xstrata’s largest (disclosed) transaction.
This is Xstrata’s 1st transaction in Canada.
This is Xstrata’s 1st transaction in Ontario.

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M&A Deal Summary
Date	May 17, 2006
Target	Falconbridge Limited
Sector	Metals/Mining
Buyer(s)	Xstrata
Deal Type	Add-on Acquisition
Deal Value	14.6B USD

Target Company

Falconbridge Limited

Toronto, Ontario, Canada

Falconbridge is an international copper and nickel company with investments in fully integrated zinc and aluminium assets, with additional by-products and co-products, including silver, gold, platinum group metals, lead, selenium, tellurium, cadmium, indium, cobalt, nickel sulphate and sulphuric acid.

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Buyer Overview 1

Buyer

Xstrata

London, United Kingdom

Category	Company
Founded	1926
Sector	Metals/Mining
Employees	70,000

DESCRIPTION

Xstrata plc will grow and manage a diversified portfolio of metals and mining businesses with the single aim of delivering industry-leading returns for our shareholders.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Metals/Mining	1 of 1
Type: Add-on Acquisition	1 of 1
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2006	1 of 1
Size (of disclosed)	1 of 1

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