RNS Number:1880M
Schroder Investment Management Ltd
11 June 2003



                                                                    FORM 8.1/8.3
Date of Disclosure: 11/06/03

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


Date of Dealing:     10/06/03

Dealing in:     FREEPORT Plc

(1)     Class of securities (e.g. ordinary shares):          ORDINARY 25p SHARES
         
(2) Amount bought                     Amount sold             Price per unit (p)

       15,598                                                        312.5

(3)     Resultant total of the same class owned or controlled:     3,498,183

     Percentage of class:      6.934%

(4)     Party making disclosure:     SCHRODER INVESTMENT MANAGEMENT LMITED

(5)     EITHER     (a)     Name of purchaser/vendor (Note 1) :

        OR         (b)     If dealing for discretionary client(s), name of fund
                           management organisation:

                            SCHRODER INVESTMENT MANAGEMENT LMITED

 6. Reason for disclosure (Note 2)


    (a) associate of     (i) offeror (Note 3)               NO
                         (ii) offeree company               YES

    Specify which category or categories of associate (1-8 overleaf):     6

    If category (8), explain:

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


Signed on behalf of the party named in (4) above: .............................

(Also print name of signatory): Alison Dunn

Telephone and extension number: 020 7658 2959



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