Conversion Rate for Final Dividend

Fresnillo Plc

         28 Grosvenor Street

London W1K 4QR

United Kingdom

 www.fresnilloplc.com

                                                          12 May 2009

                 Conversion Rate for Final Dividend

Further to the preliminary announcement of annual results released on
23 February 2009, the directors of Fresnillo plc ("the Company") have
determined that the  exchange rate to  be applied to  the 2008  final
dividend is US$1: GB£0.6639. The sterling equivalent of the  dividend
of 7.7  cents per  share announced  at the  time of  the  preliminary
announcement will be 5.1122 pence per share.

The final dividend will be paid on 29 May 2009 to shareholders on the
register on  8  May 2009,  subject  to shareholder  approval  at  the
Company's Annual General Meeting on 27 May 2009.

                               - End-

For    further    information,    please    visit    our    website:
www.fresnilloplc.com or contact:
Fresnillo plc
London
Office                                                                        Tel:
[phone]
Octavio Alvidrez, Head of Investor Relations

Mexico City Office
Gabriela
Mayor
Tel:       [phone]

JPMorgan
Cazenove
Tel: [phone]
Ian Hannam
Andrew Wray

Brunswick

Tel: [phone]
Patrick Handley
Carole Cable

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  three  producing  mines,  all  of  them  in  Mexico  -
Fresnillo, Ciénega and Herradura; two development projects - Saucito,
Soledad & Dipolos; 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 intends to  maintain its  position as  the world's  largest
primary silver  producer  with  the  aim  of  approximately  doubling
production, on a silver equivalent ounce basis by 2018 and increasing
its gold production.

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