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Xstrata subsidiary Falconbridge Limited declares preferred share dividends
Toronto, June 19, 2007
Xstrata plc subsidiary, Falconbridge Limited (“Falconbridge”), has declared the following preferred share dividends:
Key financial results
| Name of Falconbridge Security | Trading Symbol | Dividend Amount per Share | Record Date | Payable Date |
|---|---|---|---|---|
| Preferred Shares, Series 2 | FAL.PR.A | Floating rate Floating rate | June 29, 2007 July 31, 2007 August 31, 2007 | July 12, 2007 August 13, 2007 September 12, 2007 |
| Preferred Shares, Series 3 | FAL.PR.B | Cdn$0.2863 | August 15, 2007 | September 4, 2007 |
| Preferred Shares, Series H | FAL.PR.H | Cdn$0.40625 | September 14, 2007 | October 1, 2007 |
On February 21, 2007, the Parliament of Canada enacted amendments to the Income Tax Act (Canada) which are intended to reduce the personal tax rate on “eligible dividends” paid after 2005. Falconbridge hereby notifies its holders of preferred shares that the full amounts of the dividends to be paid on the respective series of preferred shares set out above are designated as eligible dividends for purposes of these amendments and any applicable corresponding provincial provisions
Contact
Stephen K. Young
Telephone +1 416 775 1556
Email syoung@xstratanickel.ca
About Xstrata
Xstrata is a global diversified mining group, listed on the London and Swiss Stock Exchanges, with its headquarters in Zug, Switzerland. Xstrata’s businesses maintain a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with recycling facilities, additional exposures to gold, cobalt, lead and silver and a suite of global technology products, many of which are industry leaders. Xstrata Group's operations and projects span 18 countries: Argentina, Australia, Brazil, Canada, Chile, Colombia, the Dominican Republic, Germany, New Caledonia, Norway, Papua New Guinea, Peru, the Philippines, South Africa, Spain, Tanzania, the USA and the UK. Xstrata employs approximately 43,000 people, including contractors.