RNS Number:5182T
Freeport PLC
19 December 2003

19 December 2003




                           FREEPORT PLC ("FREEPORT")


The Board of Freeport notes recent press speculation. As set out in the 2003
Annual Report, Freeport's intention is to dispose of fully mature assets to
recycle capital whilst developing new Freeport centres, in order to maximise
shareholder value. Capital not required for the business will be returned to
shareholders in the most efficient way possible. Further announcements will be
made as appropriate.









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