Press Release: PT Inco approves a semi-annual interim dividend of $0.05 per share

JAKARTA, October 27, 2003 ? The Board of Commissioners of PT International Nickel Indonesia Tbk. approved a semi-annual interim dividend of U.S. $0.05 per share at a meeting held in Toronto, payable on December 5, 2003 for shareholders of record as of November 18, 2003. Indonesian shareholders will be paid in the Rupiah equivalent of the U.S. $ amount based on the Bank of Indonesia middle rate on November 18, 2003. Foreign shareholders will be paid in U.S. $. (end of release)

Editor's note: PT Inco operates nickel mines in Soroako, South Sulawesi. The company is owned by Canadian nickel miner Inco Limited (58.73 percent), Sumitomo Metal Mining Co., Ltd. of Japan (20.09 percent) and the public (21.18 percent).