Sale of interest in LIORIF

23rd Mar 2005 09:06

Rio Tinto PLC23 March 2005 Sale of interest in LIORIF Rio Tinto's wholly owned subsidiary QIT-Fer et Titane Inc has announced the saleof its entire holding in the Labrador Iron Ore Royalty Income Fund (LIORIF) toRBC Capital Markets for net cash proceeds of US$130 million. The transaction isexpected to complete on Tuesday 29 March 2005. LIORIF has an equity interest of 15.1 per cent in, and receives royalties from,the Iron Ore Company of Canada (IOC), a subsidiary of Rio Tinto. Thistransaction has no effect on Rio Tinto's 59 per cent direct interest in IOC. For further information, please contact: LONDON AUSTRALIA Media Relations Media RelationsLisa Cullimore Ian HeadOffice: +44 (0) 20 7753 2305 Office: +61 (0) 3 9283 3620Mobile: +44 (0) 7730 418 385 Mobile: +61 (0) 408 360 101 Investor Relations Investor RelationsPeter Cunningham Dave SkinnerOffice: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628Mobile: +44 (0) 7711 596 570 Mobile: +61 (0) 408 335 309Richard Brimelow Susie CreswellOffice: +44 (0) 20 7753 2326 Office: +61 (0) 3 9283 3639Mobile: +44 (0) 7753 783 825 Mobile: +61 (0) 418 933 792 Website: www.riotinto.com This information is provided by RNS The company news service from the London Stock Exchange

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