FCX Fcx Intl

RNS Number:8205W
FCX International PLC
5 June 2002



LETTER TO FCX INTERNATIONAL PLC  
DATED 31 MAY 2002
 

Notification concerning interests in shares in FCX International plc 
(the "Company")


We have been authorised and instructed by the following entities to make formal
notifications under the Companies Act 1985 (the "Act") on behalf of each of
them, resulting from the recommended cash offer made by Altium Capital Limited
on behalf of XCF Investments Limited on 29 May 2002 (the "Offer"). The entities
concerned are:


•      XCF Investments Limited
       Registered in England with the company number 4430927

•      XCF (Holdings) Limited
       Registered in England with the company number 4430846
   
•      Alchemy Partners GP (Guernsey) LP,
       as General Partner of a number of Limited Partnerships 

•      Stichting AP GP


Each of the above entities (the "Interested Entities") has acquired a notifiable
interest, within the meaning of Sections 199(2), 203 and 208 of the Act, in
aggregate in 4,130,958 ordinary shares of 50p each in the capital of the Company
("Ordinary Shares") as a consequence of the Offer. 

Accordingly, we have been instructed to give notice to the Company, pursuant to
the provisions of Sections 198(1) and 202(4) of the Act, of the matters referred
to below. This notice is given in fulfilment of, and for the express purpose of
discharging the obligations imposed on each of the Interested Entities by, the
said Sections and the related provisions of Part VI of the Act:

1   As a result of irrevocable undertakings entered into with Mr Stradling and 
    Mr Williams (together the "Independent Directors"), the Interested 
    Entities have acquired a notifiable interest in 197,315 Ordinary Shares 
    (representing approximately 0.91% of the existing issued share capital of 
    the Company). The Independent Directors (or their family trusts or nominees) 
    continue to be the registered holders of such Ordinary Shares, full details 
    being set out in Schedule 1 to this letter. The interest of the Interested 
    Entities in such shares is an interest as is mentioned in Section 208(5) of 
    the Act.

2   As a result of arrangements entered into with members of the Company's 
    management (being Mr Perkins, Mr Price and Mr Lauriello or members of their 
    immediate families or their nominees), the Interested Entities have acquired 
    a notifiable interest in 94,330 Ordinary Shares in aggregate (representing 
    approximately 0.52% of the existing issued share capital of the Company). 
    Mr Perkins, Mr Price and Mr Lauriello (or members of their immediate 
    families or their nominees) continue to be the registered holders of such 
    Ordinary Shares, full details being set out in Schedule 2 to this letter. 
    The interest of the Interested Entities in such shares is an interest as is 
    mentioned in Section 208(5) of the Act.

3   As a result of market purchases on 29 and 30 May 2002 by XCF Investments 
    Limited, the Interested Entities have acquired a notifiable interest in 
    3,839,313 Ordinary Shares (representing approximately 21.18% of the existing 
    issued share capital of the Company). The Interested Entities acquired a 
    notifiable interest in 3,574,247 Ordinary shares (representing approximately 
    19.72% of the existing issued share capital of the Company) as a result of 
    market purchases on 29 May 2002. The balance of the notifiable interest in 
    3,839,313 Ordinary Shares, i.e., in a further 265,066 Ordinary Shares 
    (representing approximately 1.46% of the existing issued share capital of 
    the Company), was acquired as a result of market purchases on 30 May 2002.



LETTER FROM MACFARLANES




                              SCHEDULE 1     


Shares in respect of which irrevocable undertakings have been given by the 
Independent Directors in which the Interested Entities have a notifiable 
interest


Name of registered holder                 Number of Ordinary Shares held

Stuart Stradling                                        5,000
 
Kenneth Williams                                          275

Chardon Nominees Limited                              192,040





                              SCHEDULE 2


Shares held by management (or members of their immediate family or their
nominees) in which the Interested Entities have a notifiable interest.


Name of registered holder                 Number of Ordinary Shares held

John Perkins                                              910 

Eddie Price                                                20

Felice Lauriello                                       17,049

Maureen Perkins                                        10,000 

Kim Price                                              15,137

Halifax Investment Services Limited                       798 

Barclays Nominees (Branches) Limited                   50,416 




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