Commentary & Deal Flow

Nexa Resources SA (NEXA), exp BBB-/BBB- by S&P/Fitch, US$500m (no grow) 144A/Reg S new 12y sr notes due 4/8/37. MWC then 3mos par call. Citi (B&D)/GS/Itau BBA/JPM/Sant as JGCs. BBVA/BNP/Bradesco/Scotia/UBS as JBRs. Guarantors: Nexa Resources Cajamarquilla S.A. and Nexa Recursos Minerais S.A.. Listing: Luxembourg Stock Exchange Securities Official Listing (LuxSE SOL). Governing Law: State of New York. UOP: Nexa Resources intends to use proceeds from the issuance of the notes primarily (i) to fund the repurchase of the 5.375% senior notes due 2027 (“2027 Notes”) and the 6.500% senior notes due 2028 (“2028 Notes”) pursuant to the Offer to Purchase for Cash Any and All of the outstanding 2027 Notes and 2028 Notes (“Tender Offers”), (ii) to fund the redemption of any remaining existing 2027 Notes not repurchased in the Tender Offers, and (iii) in the case of remaining proceeds, for general corporate purposes, including liability management transactions. Marketing: Direct Link: www.netroadshow.com/nrs/home/#!/?show=f1e01053(Recommended) OR Visit www.netroadshow.com and enter the entry code: Nexa2025 (not case-sensitive). Pricing 4/1. Settle 4/8 (T+5). 144A CUSIP: 65290DAC7.

IPTs: T + High 200s.

GUIDANCE: T10+250 area (+/- 5).