HIGHLIGHTS
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Group underlying EBITDA of EUR 280 million (including an uplift of EUR 43 million from the settlement of the Campo Morado silver stream)
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Continued strong production from Metal Processing and operationally impacted mining production
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Substantially improved financial position
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Key strategic steps taken to allow for the continued delivery of Nyrstar's strategy
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Management changes aligned with next phase of strategic delivery

- Commenting on the 2014 full year results, Heinz Eigner, Acting Chief Executive Officer of Nyrstar, said:
"We remain confident in the underlying fundamentals of the zinc market and our clear strategy of extracting the maximum value inherent in mineral resources. The completion of our comprehensive strategic financing initiative in the second half of 2014 has ensured that Nyrstar has a strong balance sheet to fund the growth capital required to improve operations through asset improvement projects such as the Port Pirie Redevelopment and the Metal Processing Growth Pipeline. Despite a challenging year for our mining segment, we believe that the appointment of John Galassini as our new Senior Vice President Mining with a focus on delivering accountability, discipline and a results driven mentality in the mining segment will see a turnaround in performance in 2015.

Group underlying EBITDA of EUR 280 million, including an uplift of EUR 43 million from the settlement of the Campo Morado silver stream with Silver Wheaton, increased 51% from 2013. This EBITDA improvement was also driven a strengthening of the zinc price (up 13% year on year) which was partially offset by a sharp decrease in precious metal prices, gold and silver down year on year by 10% and 20% respectively; a significant depreciation of the Euro against the US dollar in the final quarter of 2014 and; lower direct operating costs in the metals processing segment which were assisted by lower energy costs and a depreciation of the Australian dollar.

Metals Processing segment EBITDA was up 60% on 2013 at EUR 239 million. This was driven by positive macro impacts versus 2013, higher zinc treatment charges and premium income and lower operating costs.

Excluding the EUR 43 million gain on the settlement of the silver stream at Campo Morado, Mining segment EBITDA was down 44% on 2013 due to lower precious metals prices, operational challenges and a reduction in the campaigning of gold at El Toqui during the second half as well as the lack of strategic hedging benefits that were realised in 2013. The mining segment has performed below our expectations in 2014; however, we remain keenly focused on improving the performance of our Mining segment and the new Senior Vice President of Mining will focus on and embark on his plans for an improvement in the Mining segment's operational and financial performance.

With the completion of the Comprehensive Strategic Financing in H2 2014, the financial position of the company is substantially improved. The net debt position at the end of 2014 was further reduced to EUR 438 million, down 33% on H1 2014 and cash on hand was EUR 499 million. The Company also has ample undrawn committed funding headroom and an improved debt maturity profile.

Operational performance across our Metals Processing segment was strong with zinc metal production of 1,097 million tonnes at the top end of guidance. The Mining segment experienced a number of operational issues in the second half of the year which negatively impacted production and operating costs. There were however a number of promising developments in the Mining segment over the year such as the commencement of mining from the Port Royal chimney at El Mochito; the successful trials and plant configuration at Campo Morado, which will allow for the production of three clean concentrates products later in 2015; and production at the Tennessee Mines returning to sustainable levels in the final quarter of 2014. Full year own zinc in concentrate production was 278 thousand tonnes (up 3% on 2013).

A number of important milestones have been achieved in 2014, including a substantial improvement of the Company's financial position with the completion of the Comprehensive Strategic Financing initiative; the approval and commencement of the Port Pirie Redevelopment; further progress across the various Metal Processing growth projects and the delivery of the Project Lean sustainable cost savings target of EUR 75 million. In November 2014, Roland Junck stepped down as CEO and departed the company. The Board of Directors expect to communicate on the appointment of a new CEO at the time of the Annual General Meeting scheduled on 29 April 2015.

Looking ahead, 2015 will be a year of focus on the execution and delivery of the initiatives and targets outlined to the market. We have just entered a new phase in the company's evolution, one of delivery and accountability, which is one we look forward to with confidence and one which we believe can create meaningful value for all shareholders. We do that in an environment of solid zinc fundamentals and further supported by a strong US dollar."

CONFERENCE CALL
Management will discuss this statement in a conference call with the investment community on 5 February 2015 at 09:00am Central European Time. The presentation will be webcast live on the Nyrstar website, www.nyrstar.com, and will also be available in archive. The webcast can be accessed via: http://edge.media-server.com/m/p/76cqevde