First Quantum implemented its dividend policy in 2005.

Under our policy, we expect to pay two dividends per year, the first an "interim" dividend declared after the release of our second quarter results; the second, a "final" dividend paid after the release of our year end results. Interim dividends are set at one-third of the total dividends (interim and final) declared on a per common share basis applicable in respect of the previous financial year. Final dividends are determined based on our financial performance during the previous applicable financial year.