Dividend Policy

Nevsun is well positioned to fund growth and provide a strong dividend return to shareholders. As such, the Board initiated a semi-annual dividend of $0.03 per common share ($0.06 annually) on May 18, 2011, only three months after declaring commercial production at the Bisha Mine. The dividend was increased November 21, 2011, on strong gold production to $0.05 per common share ($0.10 annually) and most recently on confidence in the transition to copper production to $0.07 cents per common share ($0.14 annually).

Total dividend increase since May 18, 2011, is 133%.

Dividend Per Share Record Date Payment Date
$0.035 June 30, 2014 July 15, 2014
$0.035 March 31, 2014 April 15, 2014
Changed dividend to quarterly at same rate
$0.07 December 31, 2013 January 15, 2014
$0.07 June 28, 2013 July 15, 2013
$0.05 December 31, 2012 January 15, 2013
$0.05 June 30, 2012 July 16, 2012
$0.05 December 31, 2011 January 15, 2012
$0.03 June 30, 2011 July 15, 2011

Nevsun dividends qualify as an 'eligible dividend' for Canadian income tax purposes.

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