Holding(s) in Company

Guinness Peat Group PLC
23 November 2005



Freeport plc


The following is the text of a Disclosure sent today to the Company Secretary of 
Freeport plc.


"Disclosure of Interest in Shares pursuant to ss. 198-202 of the Companies Act 
1985


Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify 
Freeport plc ("Freeport") that, following the market purchase of 404,234 
Ordinary 33.33p shares of Freeport ("Shares") on 23 November 2005, the Group's 
interest in the Shares now amounts to 1,504,264 representing 3.97% of the issued 
share capital.


No member of the Group is party to any agreement or arrangement relating to the 
exercise of any rights conferred by holding the Shares subject to this 
notification."


Richard Russell 
Company Secretary





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