Re: Dividend

Antofagasta PLC
16 May 2006



                            Antofagasta plc


Recommended Final (including Special) Dividend of 94 cents per ordinary
         share-Dividend no 22 - amount payable in sterling


London, 16 May 2006


Further to the preliminary results announcement of 14 March 2006, the sterling
equivalent of the recommended final dividend of 94 cents will be 49.9442 pence
per ordinary share. This is based on an exchange rate of £1 = US$ 1.8821.


Payment of the dividend is scheduled for Thursday 15 June 2006 subject to
shareholders' approval at the Annual General Meeting of Antofagasta plc on 14
June 2006.


Further details relating to the dividend are given in the preliminary results
announcement of 14 March 2006.


Enquiries                                    Issued by

Antofagasta plc                              Bankside Consultants

Tel: [phone]                        Tel: [phone]                       

www.antofagasta.co.uk                                                

Desmond O'Conor                              Keith Irons                             

Email: [e-mail]             Email: [e-mail]                   
                                                                             
                                             Oliver Winters
Hussein Barma                                Email: [e-mail]
Email: [e-mail]


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