RNS Number:8097L
Jupiter Asset Management Limited
2 June 2003


The following replaces the Rule 8 - Freeport PLC announcement released on 
29th May 2003 at 15:00 under RNS 6836L. Under section 3, the resultant total of 
the same class owned or controlled should read 1,863,714 (3.45%) not 2,293,714 
(4.24%) as previously stated.


In addition the following wording has been removed from the Form 8 enclosure: 
"Jupiter Asset Management Limited is the beneficial owner of 2,293,714 Freeport 
PLC Ordinary shares. 430,000 of these shares are held to hedge Contract for 
Differences ('CFD') positions for clients. A Long CFD is a product where the 
client to whom the product is sold is taking a long economic interest in the 
underlying share price such that the client can realise a gain if the price of 
the underlying securities rises above the reference price." 
The remainder of the enclosure is as previously stated.



                                  Date of Disclosure     29TH MAY 2003 

                    DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 
                       OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing     28TH MAY 2003

Dealing in          FREEPORT PLC                         (name of company)

1)  Class of securities (eg ordinary shares)     ORDINARY 

2)  Amount bought                Amount sold             Price per unit
    70,000                                               305P


3)  Resultant total of the same class owned or controlled 
    (and percentage of class)         1,863,714             (3.45%)


4) Party making disclosure     JUPITER ASSET MANAGEMENT LIMITED


5)  EITHER (a) Name of purchaser/vendor (Note 1)    
    OR     (b) if dealing for discretionary client(s), name of fund 
               management organisation

               JUPITER ASSET MANAGEMENT LIMITED

6)  Reason for disclosure (Note 2)                                     
    (a) associate of (i) offeror (Note 3)                       NO
                    (ii) offeree company                        NO

Specify which category or categories of associate (1-8 overleaf) 

If category (8), explain

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)  YES

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)     THOMAS ELLIOTT

Telephone and extension number     020 7314 4785


Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, eg where an owner normally acts on 
         instructions of a controller

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or which an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Note 6 on Rule 8

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026


                                                 Date of Disclosure: 29 May 2003
Form 8 Enclosure

A purchaser of a CFD contract will realise a gain if the price of the underlying
security goes up. A seller of a CFD contract will realise a gain if the price of
the underlying security goes down.

There are no written or oral agreements between Jupiter Asset Management Limited
and any clients concerning the control of voting rights in relation to the
underlying shares used to hedge the CFDs.

The CFD contracts are open-ended and there is no rollover into new contracts.

Contract for Differences

Freeport PLC                    Jupiter Asset     Underlying     Reference Price 
                                Management        Number of      (pence)
                                Limited           Shares
          
Product name    Date Executed        Buy/Sell 
          
Freeport PLC,     14 May 2003            Buy          50,000                282p
Long CFD                    

Freeport PLC,     16 May 2003            Buy          50,000                294p
Long CFD                    

Freeport PLC,     23 May 2003            Buy         132,098             305.61p
Long CFD                    

Freeport PLC,     27 May 2003            Buy          17,902              305.61
Long CFD                    

Freeport PLC,     28 May 2003            Buy         180,000              305.67
Long CFD                    

                     Current CFD positions held:     430,000     




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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