Dividend Announcement

28 Feb 2007 07:02

Mwana Africa PLC28 February 2007 Dividend announcement by Bindura Nickel Corporation London, 28th February 2007 - Mwana Africa plc ("Mwana") has been informed byBindura Nickel Corporation Limited, in which it is a 52.87% shareholder, that ithas declared a third interim dividend. The dividend is payable to ordinary shareholders of Bindura Nickel CorporationLimited registered at the close of business on 9 March 2007. The total dividendis expected to equate to US$5,042,000 (based on the current exchange rate ofUS$1=Zim$250). As a 52.87% shareholder in Bindura Nickel Corporation, Mwana expects to receive,on or about 15 March 2007, a dividend of approximately US$2,665,000 (based onthe current exchange rate of US$1=Zim$250) before a deduction of 5% withholdingtax. Mwana has received two earlier interim dividends from Bindura Nickel CorporationLimited during the current financial year, totalling US$5,288,000 before adeduction of 5% withholding tax. -ENDS- Enquiries: Oliver Baring, Executive Chairman Tel: 020 7654 5588 Kalaa Mpinga, CEO Mwana Africa plc Tom Randell / Maria Suleymanova Tel: 020 7653 6620 Merlin This information is provided by RNS The company news service from the London Stock Exchange