Rule 8.3 - Freeport plc

Guinness Peat Group PLC 15 May 2007 The following is the text of a letter which is being sent today by Guinness Peat Group plc ("GPG") to Freeport plc ("Freeport") in connection with GPG's purchase of shares in Freeport. Disclosure of interest in shares pursuant to Rule 8.3 of the Takeover Code (the "Code") Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify Freeport plc ("Freeport") that following the market acquisition of 125,000 Ordinary shares of 33.33p each ("Shares") on 14 May 2007 at a price of £3.75 per Share, 200,000 Shares on 15 May 2007 at a price of £3.75 per Share, and a further 200,000 Shares on 15 May 2007 at a price of £3.70 per Share, the Group's direct interest now amounts to 6,890,781 Shares representing 18.20% of the issued share capital of Freeport. The Group has no interest in options or derivatives in the Shares of Freeport. Therefore, following the above transaction, in accordance with its disclosure obligations under Rule 8.3 of the Code, the Group has a long interest in relevant securities (as defined in the Code) in an aggregate 18.20% of the issued Shares of Freeport. The Group has an interest by virtue of being a Rule 8.3 shareholder of Freeport. Richard Russell Company Secretary Guinness Peat Group plc 15 May 2007 This information is provided by RNS The company news service from the London Stock Exchange

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