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: [phone]

Octavio Alvidrez, Head of Investor Relations


Mexico City Office

Gabriela Mayor Tel:       [phone]



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.




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