Director Shareholding

[REMOVED GRAPHICS] 2nd October 2002 For Immediate Release Freeport plc ("the Company") Director Shareholdings The Company has been notified today that the following directors have received awards under the Company's Long Term Incentive Plan ("LTIP") in respect of the three year Plan Cycle from 27 June 1999 to 29 June 2002, which have vested on 1 October 2002. The Trustee of the LTIP (BWCI Trust Company Limited) released from trust ordinary shares in satisfaction of such vesting on 1 October 2002 as detailed below: Director Number of Ordinary % of issued share capital Shares Awarded S M Collidge 7,394 0.01 P T G Woolley 4,347 0.01 G A M Russell 4,347 0.01 Following these transactions these directors have the following interests in the share capital of the Company. Director Ordinary Shares Held % of issued share capital S M Collidge 885,949 1.63 P T G Woolley 29,975 0.06 G A M Russell 21,061 0.04 S M Collidge also holds warrants over (a) 1,380,780 ordinary shares which are exercisable at 345 pence per share until 31 May 2003, and (b) 394,508 ordinary shares which are exercisable at 430 pence per share until 31 May 2003. Enquiries: Freeport plc - Ian Brownstein, Company Secretary 020 7299 9365 Edelman Financial - Stephen Benzikie 020 7344 1325 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/02/20021002BIT00410/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/02/20021002BIT00410/wkr0002.pdf