TORONTO, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Lundin Mining Corporation (TSX:LUN) (Nasdaq Stockholm:LUMI) (“Lundin Mining” or
the “Company”) today announced that its Board of Directors has declared a dividend of CAD$0.03 per share, payable on April 11,
2018, to shareholders of record at the close of business on March 23, 2018. This dividend qualifies as an 'eligible dividend'
for Canadian income tax purposes. The declaration, timing, amount and payment of future dividends remain at the discretion of the
Board of Directors.
Dividends on shares traded on the Toronto Stock Exchange will be paid in Canadian Dollars (CAD) on April 11,
2018.
Dividends on shares traded on Nasdaq Stockholm will be paid in Swedish kronor (SEK) in accordance with Euroclear
principles on April 12, 2018. To execute the payment of the dividend, a temporary administrative cross-border transfer
closure will be applied by Euroclear from and including March 22, 2018 up to and including March 23, 2018, during which period
shares of the Company cannot be transferred between TSX and Nasdaq Stockholm.
Notice to all Non-Canadian Resident Shareholders
In 2012, the Canada Revenue Agency (CRA) changed how the tax withholding rate applied to dividend payments made
to non-residents is determined. The CRA now requires a certification of residency from each shareholder so that the preferred tax
treaty rate can be applied where applicable to person’s resident in countries which have a tax treaty with Canada.
Shares traded on Toronto Stock Exchange
Form NR301 will be mailed to any new Registered non-resident shareholders as at the dividend record date (March
23, 2018), by Computershare Investor Services Inc. In order to receive the preferred treaty rate, you must complete and mail back
the form as soon as possible. Failure to supply a completed NR301 form will result in Computershare withholding the statutory 25%
withholding tax rate on any payments to Registered non-resident shareholders. You can also download the form at https://cda.computershare.com/Content/4f677775-5e6c-4e64-a695-a5785771fec3. Instructions on how
to correctly complete the NR301 are on the back of the form. Shareholders who hold their shares through a broker should contact
their broker directly. They do not need to return a form to Computershare. If you have already completed Form NR301, you do not
need to complete a new form.
Shares traded on Nasdaq Stockholm
Dividend payments will be made net of 25% Canadian withholding tax and any other deemed applicable country of
residence tax. Holders who are entitled to reclaim taxes applicable under tax treaties should contact the applicable tax
authorities, directly. Shareholders who hold their shares through a nominee should contact their nominee.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations in Chile, the United States
of America, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds an indirect 24%
equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
The content contained herein is not tax advice. Do not use or otherwise rely upon any of the content
without first seeking independent tax advice.
Cautionary Statement in Forward-Looking Information
Certain of the statements made and information contained herein, other than statements of historical fact and
historical information, is “forward-looking information” within the meaning of applicable Canadian securities laws. Such
statements include, but are not limited to, payment of the dividend, future dividends. Words such as “if”, “will be”, “may”
and “schedule”, or variations of these terms or similar terminology or statements that certain actions, events or results “could”
occur or be achieved are intended to identify such forward-looking information. Although the Company believes that the expectations
reflected in the forward-looking information contained herein are reasonable, these statements by their nature involve risks and
uncertainties, and are not guarantees of future performance. Forward-looking information is based on a number of assumptions, and
subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the
forward-looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers should not
to place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any
forward‐looking statements or to explain any material difference between subsequent actual events and such forward‐ looking
statements, except to the extent required by applicable law.
This is information that Lundin Mining Corporation is obliged to make public pursuant to the EU Market Abuse
Regulation. The information was submitted for publication, through the agency of the contact persons set out below on February 15,
2018 at 6:20 p.m. Eastern Time.
For further information, please contact:
Mark Turner, Director, Business Valuations and Investor Relations: +1-416-342-5565
Sonia Tercas, Senior Associate, Investor Relations: +1-416-342-5583
Robert Eriksson, Investor Relations Sweden: +46 8 545 015 50
