Filed by Inco Limited
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: Falconbridge Limited
Commission File No. 1-11284
Inco Limited Commission File No. 1-1143
INCO BOARD RECOMMENDS THAT SHAREHOLDERS DEFER ACTION ON
TECK COMINCOS UNSOLICITED TAKEOVER OFFER
Toronto,
Canada, May 23, 2006 Inco Limited (NYSE, TSX: N) has been advised that Teck Cominco
Limited has filed documents with the U.S. Securities and Exchange Commission and the Canadian
securities regulatory authorities regarding its unsolicited offer, which is scheduled to expire on
July 24, 2006, to acquire all of the issued and outstanding common shares of Inco.
The Board of Directors of Inco recommends that shareholders not take any action with respect to the
offer, including tendering any shares, until the Board has fully evaluated the offer and
communicated its views to shareholders, which it expects to do next week.
Note to Security Holders:
In response to the takeover offer by Teck Cominco Limited, Inco will file with the U.S. Securities
and Exchange Commission (SEC) a Solicitation/Recommendation Statement on Schedule 14D-9, which will
include a Directors Circular as an exhibit thereto. INCOS SECURITY HOLDERS ARE URGED TO READ THE
DIRECTORS CIRCULAR AS WELL AS THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Security holders may obtain
a free copy of the Directors Circular and Solicitation/Recommendation Statement on Schedule 14D-9
(when they become available), as well as any other documents filed by Inco in connection with the
takeover offer by Teck, free of charge at the SECs website at www.sec.gov. The Directors
Circular may also be obtained free of charge at the website of the Canadian System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com. In addition, documents filed with the
SEC and on SEDAR may be obtained free of charge by contacting Incos media or investors relations
departments.
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May 23, 2006
IN 06/18
For further information:
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Media relations:
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Steve Mitchell
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(416) 361-7950 |
Investor Relations:
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Sandra Scott
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(416) 361-7758 |
or www.inco.com |
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