Nyrstar Announces Intention to Restructure its Balen/Overpelt Plant for a Long-Term Future

Balen, Belgium (15 October 2008) - Nyrstar NV today informed its Belgian works councils of an intended restructuring of its smelting activities at the Balen/Overpelt plant. This is part of Nyrstar's ongoing strategic review of its global operations through which it is seeking to enhance its operational and financial performance in the face of difficult economic conditions. The recently announced review of Nyrstar's Australian assets in Hobart, Tasmania, and Port Pirie in regional South Australia and the proposed sale of Nyrstar's 60% interest in Nyrstar Yunnan Zinc Alloys Co Ltd also form an important part of this strategic review. The Balen/Overpelt plant is Nyrstar's largest zinc smelter producing 255,000 tonnes of zinc cathode in 2007, together with ancillary zinc oxide washing, alloying and casting facilities. The restructuring is aimed at preserving the long-term future of the plant and employment in response to increasing energy and high labour costs. The intended changes at Balen/Overpelt will reduce the number of roles in the plant by 205 over the next 24 months. Nyrstar is committed to managing the reductions fairly and respectfully, mindful of its impact on the local community. Nyrstar employs approximately 800 people in Belgium. As part of the intended changes at Balen/Overpelt, Nyrstar has committed to invest an additional ¤5 million in skills training for its employees, together with further investment in plant modernisation. Implementation of these intended changes at Balen/Overpelt is expected to generate annual cost savings of ¤14 million through improved production efficiencies and labour savings. As required by law, the management at the plant will immediately enter into the first phase of information and consultation with employee representatives. Commenting on the plans, Lucien van den Boogaard, general manager of Balen/Overpelt, said, "The intended restructuring is essential if we are to have a sustainable future for the plant and employment. We will deliver a fair outcome for all employees affected." - end - About Nyrstar Nyrstar NV is the world's largest producer of zinc metal and alloys, and in addition, is one of the world's largest primary lead smelting and refining companies. The company produces other valuable by-products including copper, gold and indium, along with significant quantities of refined silver. In 2007 Nyrstar produced more than one million tonnes of zinc. Incorporated in Belgium and with its corporate offices in London (United Kingdom) and Balen (Belgium), Nyrstar has wholly-owned operations in Australia, Belgium, France, the Netherlands and the USA and joint ventures in Australia, China and France. Nyrstar is listed on Euronext Brussels under the symbol NYR. For further information visit the Nyrstar website, www.nyrstar.com Contacts Investors / Media Jan Altink Director IR and Communications T: +44 20 7408 8119 M: +44 7912 269 483 jan.altink@nyrstar.com Craig Chapman IR Manager T: +44 20 7408 8195 M: +44 7912 391 370 craig.chapman@nyrstar.com or Jan Van Heuverswyn Interel (Belgium) T: +32 475 370 338 jan.van-heuverswyn@interel.eu This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.