Teck Cominco Issues Notes in September 2005

On September 28, 2005, Teck Cominco Ltd. completed the issue of US$1 billion in aggregate principal amount of debt securities consisting of US$300 million in aggregate principal amount of 5.375 per cent notes due October 1, 2015 and US$700 million in aggregate principal amount of 6.125 per cent notes due October 1, 2035. The offering was conducted in the US pursuant to Teck Cominco's US$1 billion shelf registration statement filed under the Multijurisdictional Disclosure System. The offering was managed by JP Morgan Securities Inc. and Citigroup Global Markets Inc., as joint book-running managers, with a syndicate that included Merrill Lynch, Pierce, Fenner & Smith Inc., RBC Capital Markets Corp., BMO Nesbitt Burns Corp., TD Securities (USA) Inc., CIBC World Markets Corp., Scotia Capital (USA) Inc., BNP Paribas Securities Corp. and HSBC Securities (USA) Inc.

Peter Rozee, senior vice-president, commercial affairs, directed the legal work for Teck Cominco. Lang Michener LLP acted as Canadian counsel for Teck Cominco with a team in Toronto that included Geofrey Myers, Hellen Siwanowicz and Adam Davis (corporate and securities), Robert Cranston (lending) and Kalle Soomer, Q.C., (tax), and a team in Vancouver that included Barry Finlayson and Barbara Collins (corporate and securities) and John Morrison (lending). Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel for Teck Cominco with a team that included Edwin Maynard, Valérie Demont and Cheryl Ashman (corporate and securities) and David Sicular and Sonia Inamdar (tax).

The underwriters were represented by US counsel Shearman & Sterling LLP with a team that included Christopher Cummings, Tania Garcia-Eaton and Tasmin Waley (corporate and securities) and Laurence Crouch and Eileen O'Pray (tax).