Teck's Financial and Operations Outlook

• • • Teck Full Sale of the Steelmaking Coal Business Announced the sale of steelmaking coal assets (EVR) with a majority stake to Glencore, and minority stakes to Nippon Steel Corporation (NSC) and POSCO NSC and POSCO transactions closed on January 3, 2024 - - NSC acquired 20% interest in EVR in exchange for cash and its prior 2.5% interest in Elkview Operations POSCO exchanged 2.5% interest in Elkview Operations and 20% in Greenhills JV, for 3% interest in EVR Proceeds of US$1.3B received from NSC; the Board authorized a share buyback of up to $500 million Total proceeds of US$8.6B expected; US$6.9B from Glencore and US$1.7B from NSC • Expected close of Glencore transaction no later than Q3 2024, with regulatory approvals underway including anti-trust and Investment Canada Act

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