Fresnillo : Conversion Rate for Special Dividend

Fresnillo Plc

28 Grosvenor Street

London W1K 4QR

19 August 2014

Conversion Rate for Special Dividend

Further to the announcement of the results of Fresnillo plc ("the Company") for the six-months ended 30 June 2014 released on 5 August 2014, the directors of the Company have determined that the exchange rate to be applied to the special dividend is 1.6723 US$/GB£. The sterling equivalent of the special dividend of 5.0 US cents per share announced on 5 August 2014 will be 2.9899 pence per share.

The special dividend will be paid on 11 September 2014 to shareholders on the register on 15 August 2014.

- End-

Fresnillo plc

London Office             Tel: +44 (0)20 7399 2470

Gabriela Mayor, Head of Investor Relations

Mexico City Office                                                                 Tel:       +52 55 52 79 3206

Ana Belém Zárate

Brunswick    Tel: +44 (0)20 7404 5959

Carole Cable

David Litterick

About Fresnillo plc

Fresnillo plc is the world's largest primary silver producer and Mexico's second largest gold producer, listed on the London Stock Exchange under the symbol FRES. 

Fresnillo plc has six operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad and Noche Buena; two development projects - San Julián and Saucito II and four advanced exploration prospects - Centauro Deep, Juanicipio, Orisyvo and Las Casas Rosario as well as a number of other long term exploration prospects. In total, Fresnillo plc has mining concessions covering approximately 2.1 million hectares in Mexico.

Fresnillo plc has a strong and long tradition of mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for both silver and gold.

Fresnillo plc's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver and 500,000 ounces of gold by 2018.