Immediate release
10th November 2003

                              Freeport plc
                                    
                        Remuneration consultation
                                    
Freeport   plc   confirmed  today  that  following   consultation   with
shareholders  it  will  instigate a review of remuneration  policy.  The
review  will  encompass all aspects of Group remuneration,  taking  into
account  the  increasing emphasis on mainland European development.  The
company   will,  together  with  professional  advisors,  consult   with
independent  advisory groups to ensure that the interests of  management
and shareholders are closely aligned.

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Enquiries:
Sean Collidge
Freeport plc
Tel: +44(0) 20 7299 9360

Media Enquiries
Stephen Benzikie/James Horsman
Edelman Financial
Tel: +44(0) 20 7344 1200