Freeport plc                                      13 November 2003

At Freeport plc's Annual General Meeting held earlier today Sean
Collidge announced that
Clive Lewis would be stepping down as Chairman of the Remuneration
Committee with immediate effect and that Michael Blackburn (senior
independent non-executive director) will act as interim Chairman of the
Remuneration Committee. Clive Lewis has expressed his desire to retire
from the Board before the end of the current financial year on the
appointment of a replacement non-executive director.

Resolutions 1, 3, 4, 5, 6, 7, 8, 9 and 10 were passed at the meeting.
Resolution 2, that the Report on Directors' Remuneration for the year
ended 28 June 2003 be approved, was not passed.

Enquiries:
Freeport plc        Sean Collidge, Executive Chairman       020 7299 9360
Edelman Financial   Stephen Benzikie                        020 7344 1325