RNS Number:2447M
Schroder Investment Management Ltd
12 June 2003



                                                                    FORM 8.1/8.3
Date of Disclosure: 12/06/03

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

                         ON TAKEOVERS AND MERGERS


Date of Dealing:     11/06/03

Dealing in:     FREEPORT Plc

(1)     Class of securities (e.g. ordinary shares):   ORDINARY 25p SHARES

(2) Amount bought                     Amount sold             Price per unit (p)

    8,912                                                     312.5

(3)  Resultant total of the same class owned or controlled:     3,507,095

     Percentage of class:      6.952%

(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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