Rule 8.3- Freeport PLC

Guinness Peat Group PLC
25 June 2007


Re Free port plc

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 590,000
Ordinary shares of Freeport ("Shares") on 22 June 2007 at £3.40 per Share, the
Group's direct interest now amounts to 7,480,781 Shares representing 19.8% 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 aggregate 19.8% 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
Tel: [phone]

25 June 2007   





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