Dividend Conversion Rate

Hochschild Mining PLC
18 June 2007


                             HOCHSCHILD MINING plc


                    Announcement of Dividend Conversion Rate



Further to the statement on dividend conversion to US dollars set out in the
Chairman's Letter of 25 May 2007, the Directors of Hochschild Mining plc have
determined that the exchange rate at which dividend payments will be calculated
in respect of shareholders electing to receive their dividend in US dollars,
will be US$ 1.97278 per £1 Sterling (US$ 1 = £0.5069).



Enquiries:

Hochschild Mining plc

Wray Barber                                                 [phone]
Head of Investor Relations


Finsbury

Robin Walker                                                [phone]
Public Relations



About Hochschild Mining plc



Hochschild Mining plc (HOC.L for Reuters / HOC LN for Bloomberg) is a publicly
held company listed on the London Stock Exchange. Hochschild is a leading
precious metals company with a primary focus on the exploration, mining,
processing and sale of silver and gold. The Company currently operates three
underground epithermal vein mines located in southern Peru. The Company also has
three advanced stage development projects, one in each of Mexico, Peru and
Argentina and one early stage development project in Mexico. In addition, the
Company has over twenty long-term prospects throughout Latin America. The
Company has over forty years experience in the mining of precious metal
epithermal vein deposits. For further information please visit
www.hochschildmining.com.




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