The Court approved the Settlement on February 13, 2015 and the distribution of the Net Settlement Fund commenced on September 17, 2015.

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Check reissue requests must be submitted in writing and mailed to the Claims Administrator to the below address. Please be sure to include your full name, current address, former address if you need to update your contact information, claim number, and telephone number.

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The case involves claims that Defendants Nevsun, Clifford T. Davis, Peter J. Hardie, and Scott Trebilcock violated the federal securities laws by allegedly materially overstating gold reserves at the Company's Bisha Mine, and allegedly failing to disclose material negative trends about the mine's gold production, during the Class Period. As a consequence, it was alleged that the price of the Company's common stock was artificially inflated during the Class Period.

Defendants deny all of the Lead Plaintiff's allegations and further deny that they did anything wrong. Defendants also deny that the Lead Plaintiff or the Class suffered damages or that the price of shares of Nevsun was artificially inflated by reasons of alleged misrepresentations, non-disclosures or otherwise.

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The Court did not decide in favor of the Lead Plaintiff or Defendants. Instead, the lawyers for both sides of the lawsuit have negotiated a settlement that they believe is in the best interests of their respective clients. The settlement allows both sides to avoid the risks and cost of lengthy and uncertain litigation and the uncertainty of a trial and appeals, and permits Class Members to be compensated without further delay. Lead Plaintiff and his attorneys think the settlement is in the best interests of all Class Members.

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Subject to Court approval, Defendants have agreed to pay or cause to be paid $5,995,000.00 in cash (the "Settlement Fund"). The Settlement Fund, less costs, fees and expenses (the "Net Settlement Fund"), will be divided among all eligible Class Members who send in valid Proof of Claim Forms and whose recovery is permitted under the Settlement ("Authorized Claimants"). Costs, fees and expenses deducted from the Settlement Fund include Court-approved attorneys' fees and expenses, and the costs of claims administration, including the costs of printing and mailing this Notice and the cost of publishing newspaper and news wire notices as ordered by the Court.

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The Court appointed the law firms of Kaplan Fox & Kilsheimer LLP and Rigrodsky & Long, P.A. to represent you and other Class Members. These lawyers are called Lead Counsel. These lawyers will apply to the Court for payment from the Settlement Fund; you will not otherwise be charged for their work. If you want to be represented by your own lawyer, you may hire one at your own expense.

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The Notice summarizes the proposed settlement. More details are in the Stipulation of Settlement dated May 1, 2014 which can be downloaded here.

You can call (844) 322-8214 or write to a representative of Lead Counsel, Kapplan Fox & Kilsheimer, Jeffrey P. Campisi, 850 Third Avenue, 14th Floor, New York, New York 10022, or Rigrodsky & Long, P.A., Timothy J. MacFall, 825 East Gate Boulevard, Suite 200, Garden City, New York 11530.

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