RNS Number:8544L
Jupiter Asset Management Limited
3 June 2003




                                  Date of Disclosure   3RD JUNE 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     2ND 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
    SEE FORM 8 ENCLOSURE


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



FORM 8 ENCLOSURE

A purchaser of a Long 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.

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

Contract for Differences

Freeport PLC                      Jupiter Asset    Number of     Reference Price
                                    Management       Shares         (pence)
                                      Limited

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
Freeport PLC,        2 June 2003     Buy             5,000          313p
Long CFD

                     Current CFD positions held:   435,000



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

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