Sterling Dividend Conversion Announcement 2010

Fresnillo Plc 28 Grosvenor Street London W1K 4QR United Kingdom www.fresnilloplc.com < http://www.fresnilloplc.com/> 17 May 2010 Conversion Rate for Final Dividend Further to the announcement of the final dividend for 2009 released on 29 April 2010, the directors of Fresnillo plc ("the Company") have determined that the exchange rate to be applied to the 2009 final dividend is US$1: GB£0.687. The sterling equivalent of the final dividend of 16.2 cents per ordinary share will be 11.1302 pence per ordinary share. The final dividend will be paid on 2 June 2010 to shareholders on the register on 14 May 2010, subject to shareholder approval at the Company's Annual General Meeting on 28 May 2010. - End- For further information, please visit our website:  www.fresnilloplc.com < http://www.fresnilloplc.com/> or contact: Fresnillo plc London Office    Tel: +44 (0)20 7399 2470 Octavio Alvidrez, Head of Investor Relations Mexico City Office Gabriela Mayor Tel:       +52 55 52 79 3203 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 has four producing mines, all of them in Mexico - Fresnillo, Ciénega, Herradura and Soledad-Dipolos; one development project - Saucito; and three exploration prospects - San Juan, San Julian, Orysivo, as well as a number of other long term exploration prospects and, in total, has mining concessions covering approximately 1.75 million hectares in Mexico. Fresnillo has a strong and long tradition of mining, a proven track record of mining development and reserves replacement, and a low cost of production, being in the lowest quartile of the cost curve for both silver and gold. Fresnillo's goal is to maintain the Group's position as the world's largest primary silver company, producing 65 million ounces of silver and over 400,000 ounces of gold by 2018. [HUG#1416320]