RNS Number:1759R
Freeport PLC
22 October 2003

22 October 2003



                          FREEPORT PLC ("the Company")




The Company was notified on 21 October 2003 by the executive directors of the
Company that share options over ordinary shares in the Company were granted to
the executive directors of the Company on 14 October 2003 under the Company's
Executive Share Option Scheme ("the Scheme"). The options were granted under the
rules of the Scheme at an exercise price of 360 pence per ordinary share. The
options are not exercisable during the three year period after grant and they
become exercisable during the period from 14 October 2006 to 13 October 2013.
500,000 share options were granted to Sean Collidge and 220,000 share options
were granted to each of Jonathan Rawnsley, Gary Russell and Peter Woolley. These
options will become exercisable following the disposal of investment properties
within The Freeport Limited Partnership subject to a performance target
determined by the Remuneration Committee of the Company.



Contact:

Sean Collidge, Executive Chairman, Freeport plc                   020 7299 9360

Peter Woolley, Finance Director, Freeport plc                     020 7299 9360







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