Stabilisation Notice

Hochschild Mining PLC
03 November 2006

                                                                03 November 2006


The London Stock Exchange
10 Paternoster Square
London, EC4M 7LS


Dear Sirs

Hochschild Mining plc - Offering of 77,250,000 Ordinary Shares

Stabilisation Notice

Pursuant to Core Dealing Rule 3060-3061, JPMorgan Cazenove Limited hereby
notifies the London Stock Exchange that it and its affiliates may stabilise the
offering of the Ordinary Shares of 50p each of Hochschild Mining plc:

1.  Security to be stabilised: Ordinary Shares of 50p each of Hochschild Mining plc;
2.  Security Identifier: GB00B1FW5029;
3.  Stabilising Manager: JPMorgan Cazenove Limited (a member firm) 
    (Contact - Greg Bennett - 020 7588 2828);
4.  Stabilisation period commences: 03 November 2006 at approximately 08:00am London time;
5.  Stabilisation period ends: Close of business on 01 December 2006;
6.  Offer price: 350 pence per share; and
7.  Over-allotment option is equivalent to 15% of the offering.

Yours faithfully

JPMorgan Cazenove Limited



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