Shareholder Services & Information

Dividends

Yamana currently pays a quarterly dividend of US$0.01 per share.

On May 7th, the Board of Directors modified its dividend policy, indicating that the quarterly dividend is to become a monthly dividend, and will increase at the end of June to an annualized US$0.12 per share, or US$0.01 per share per month. This dividend will initially be paid for the quarter at US$0.03 per share, payable July 14, 2008 to holders of record at the close of business on June 30, 2008, and US$0.01 per share per month thereafter.

Pursuant to new tax legislation, Canadian resident individuals who receive "eligible dividends" in 2007 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. Yamana Gold has designated that all dividends paid in 2007 by Yamana Gold Inc. are "eligible dividends" for these purposes.

Dividend Schedule

Warrants

Yamana's public warrants which trade on the TSX are summarized as follows:

• The YRI.wt.a warrants relate to previous Desert Sun Mining warrants and have an exercise price of C$2.50 with expiry on November 20, 2008. On exercise the holder would receive 0.6 of a Yamana share.
• The YRI.wt.b warrants relate to previous ‘A‘ warrants of Northern Orion and have an exercise price of C$2.00.  Expired on May 29, 2008. On exercise the holder would receive 0.543 of a Yamana share.
• The YRI.wt.c warrants relate to previous ‘B’ warrants of Northern Orion and have an exercise price of C$6.00 with expiry on February 17, 2010. On exercise the holder would receive 0.543 of a Yamana share. 

Electronic Delivery of Shareholder Document

If you would like to receive your shareholder and financial documents electronically, please enroll in Yamana’s electronic delivery program through CIBC Mellon Trust Company at www.cibcmellon.com/electronicdelivery.  

Transfer Agent

For information regarding shareholdings, dividends, certificates, change of address, or exchange of share certificates due to an acquisition, please contact CIBC Mellon Trust Company at:  

CIBC Mellon Trust Company
320 Bay Street, Box 1
Toronto, Ontario
M5H 4A6
416-643-5500
1-800-387-0825
inquiries@cibcmellon.com

Auditors                                                Legal Counsel

Deloitte & Touche LLP               Cassels, Brock & Blackwell LLP
                                                Dorsey & Whitney LLP