MMG (01208): The final deadline for completion conditions of the acquisition of the nickel business of Anglo American Resources has been extended to October 31st.

MMG (01208) announces that it has conditionally agreed to acquire the nickel business of Anglo American Resources in Brazil (Acquisition) and has submitted a filing with the European Commission regarding the ongoing merger control review process to be completed by November 5, 2025. The completion of the Acquisition is subject to certain conditions being satisfied or waived, including obtaining merger control approvals in multiple jurisdictions, acceptance of the filing related to the Acquisition by the National Development and Reform Commission of the People's Republic of China (NDRC), and acceptance of the filing related to the Acquisition by the Ministry of Commerce of the People's Republic of China (MOFCOM). As all other conditions have been met, the European Commission has extended the review to Phase II. The duration of the review by the European Commission is yet to be determined. The final deadline for the completion of the conditions has been extended to June 30, 2026 (Final Deadline) under the Share Purchase Agreement. After the Final Deadline, any party may choose to terminate the agreement. The parties have agreed to further extend the Final Deadline to October 31, 2026. Furthermore, MMG will continue to cooperate with Anglo American Resources and the European Commission to assist in the review process.