Bearer Warrants

Rio Tinto PLC
19 June 2001


             Conversion of Rio Tinto plc share warrants to bearer             
 
Rio Tinto plc announces that the proposal for the conversion of its share
warrants to bearer into registered ordinary shares by way of a Scheme of
Arrangement was approved by warrantholders on 12 April 2001, sanctioned by
the Court on 30 April 2001 and has now become effective.
 
Under the terms of the Scheme of Arrangement the ordinary shares representing
the outstanding share warrants have been registered in the name of the
Trustee and the share warrants to bearer have ceased to have effect.
 
Arrangements are being made for Rio Tinto share warrants to bearer to be
Delisted and as there has ceased to be any need to distinguish between
registered and bearer shares all references to 'Registered' are to be dropped.
 
 
 
 
For further information, please contact:
 

                                                                 
                LONDON                     AUSTRALIA             
                Media Relations            Media Relations       
                Lisa Cullimore             Fiona Powell          
                + 44 (0) 20 7753 2305      [phone]    
                Investor Relations         Investor Relations    
                Peter Cunningham           Daphne Morros         
                + 44 (0) 20 7753 2401      [phone]    
                Jonathan Murrin                                  
                + 44 (0) 20 7753 2326                            
 

Website: www.riotinto.com