Dividend conversion rate

Hochschild Mining PLC
02 October 2007


                             HOCHSCHILD MINING plc

                    Announcement of Dividend Conversion Rate

Further to the statement on dividend conversion to US dollars set out in the
interim results announcement of 18 September 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$2.02293 per £1 Sterling (US$1 = £0.4943).

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.  Hochschild currently operates five 
underground epithermal vein mines, four located in southern Peru and one in 
southern Argentina and one open pit mine in northern Mexico.  Hochschild also 
has one early stage development project in Mexico and fifteen long-term prospects 
throughout Latin America. Hochschild has over forty years experience in the 
mining of precious metal epithermal vein deposits.




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