Turquoise Hill Resources Ltd. completes US$2.4 billion rights offering

January 13, 2014

Client: Turquoise Hill Resources Ltd.

On January 13, 2014, Turquoise Hill Resources Ltd. (TRQ) completed its rights offering pursuant to which rights were issued to all holders of its outstanding common shares to subscribe for an aggregate of 1,006,116,602 common shares, which generated gross proceeds of approximately US$2.4 billion. TRQ used the net proceeds from the rights offering to repay all outstanding amounts under its US$1.8 billion interim funding facility and its secured US$600 million bridge facility with Rio Tinto plc (together with its affiliates, Rio Tinto).

TRQ was represented by Dustin S. Isaacs, General Counsel and Corporate Secretary, acting as in-house counsel; and Norton Rose Fulbright Canada LLP with a team comprised of Steve Malas, Elliot Shapiro, Michael J. Lang, Amélie Métivier, Meghan Stewart, Catherine Simard and Catherine Tees (Corporate and securities), Martin Thériault (Banking) and Derek Chiasson (Tax).