Teck Cominco Limited
TSX : TCK.A
TSX : TCK.B
NYSE : TCK

Teck Cominco Limited

April 25, 2007 15:21 ET

Teck Cominco Limited Announces Share Split and Dividend

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Teck Cominco Limited announced today that its shareholders have approved a two-for-one subdivision of its outstanding Class A common shares and Class B subordinate voting shares (the "Share Split"), effective as of the close of business on May 7, 2007 (the "Split Record Date"). Teck Cominco also announced that it will pay an eligible dividend of $0.50 per share on its Class A common shares and Class B subordinate voting shares outstanding on a post-split basis on July 3, 2007, to shareholders of record at the close of business on June 22, 2007.

Shareholders of record on the Split Record Date will keep their current share certificates and will be provided with additional share certificates representing the Class A common shares or Class B subordinate voting shares to which they are entitled as a result of the Share Split. It is currently expected that the Company or its transfer agent, CIBC Mellon Trust Company, will mail those certificates on or about May 10, 2007 (the "Mailing Date"). Currently outstanding share certificates representing Class A common and Class B subordinate voting shares should be retained by shareholders and should not be forwarded to the Company or its transfer agent.

Pursuant to the rules of the Toronto Stock Exchange, the Class A common shares and Class B subordinate voting shares will commence trading on a subdivided basis at the opening of business on May 3, 2007, being two trading days prior to the Split Record Date. Pursuant to the rules of the New York Stock Exchange, the Class B subordinate voting shares will commence trading on a subdivided basis on that exchange one business day after the Mailing Date.

About Teck Cominco:

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and on the New York Stock Exchange under the symbol TCK. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold and specialty metals. Further information can be found at www.teckcominco.com.

Contact Information

  • Teck Cominco Limited
    Greg Waller
    Vice President, Investor Relations & Strategic Analysis
    (604) 687-1117
    (604) 687-6100 (FAX)
    Website: www.teckcominco.com