Commentary & Deal Flow

Nexa Resources SA (NEXA) exp NR/BBB-/BBB- US$600m 144A/Reg S new 10y sr notes due 4/9/34. MWC then 3mos par call. BBVA/Citi/HSBC/JPM (B&D)/Miz/MUFG/Sant/Scotia joint books. Guarantors: Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A. Listing: Luxembourg Stock Exchange Official Listing (LuxSE SOL). Governing Law. State of New York. UOP: Nexa Resources intends to use proceeds from the issuance of the notes (i) to fund the repurchase of existing notes validly tendered and accepted for purchase pursuant to concurrent tender offers, and (ii) the remainder, if any, for general corporate purposes, including liability management transactions. Marketing: Direct Link: www.netroadshow.com/nrs/home/#!/?show=e1859675 (Recommended)ORVisit www.netroadshow.com and enter the entry code: Nexa2024 (not case-sensitive). Pricing 4/3. Settle 4/9 (T+4).

IPTs: T+280 area.

GUIDANCE: T+245 area (+/- 5).

LAUNCHED: $600m 10y at T+240.