FCX Fcx Intl

RNS Number:3748X
FCX International PLC
18 June 2002


      XCF INVESTMENTS LIMITED ("XCF INVESTMENTS") LEVEL OF ACCEPTANCES 
     OF THE RECOMMENDED CASH OFFER ("OFFER") FOR FCX INTERNATIONAL PLC 
                        ("FCX") AND REVISED OFFER

         NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE 
                   UNITED STATES, CANADA, AUSTRALIA OR JAPAN

By 3.00 p.m. London time on 17 June 2002, XCF Investments had received valid 
acceptances of the Offer from the holders of 633,717 FCX Shares (representing 
approximately 3.50 per cent. of the existing issued share capital of FCX). XCF 
Investments has also acquired 4,977,011 FCX Shares (representing approximately 
27.46 per cent. of the existing issued share capital of FCX) since the offer 
document was posted on 29 May 2002.  In addition XCF Investments has contracted 
to acquire 94,330 FCX Shares outside the terms of the Offer from Management and
Management Associates (as each such term is defined in the offer document dated 
29 May 2002) representing 0.52% of the existing issued share capital of FCX.

In aggregate therefore, XCF Investments has received valid acceptances or has 
acquired or contracted to acquire a total of 5,705,058 FCX Shares (representing 
approximately 31.47 per cent. of the existing issued share capital of FCX.

The total number of acceptances received includes acceptances in respect of 
197,315 FCX Shares (representing approximately 1.09 per cent. of the existing 
issued share capital of FCX) which were the subject of irrevocable
undertakings to accept the Offer.

Prior to the commencement of the Offer Period on 29 January 2002, save as 
disclosed in the offer document dated 29 May 2002, neither XCF Investments nor 
any person acting or deemed to be acting in concert with it owned any FCX Shares
(or rights over such shares) nor since that date (other than as disclosed above)
has XCF Investments or any person acting in concert with it acquired or agreed 
to acquire any FCX Shares (or rights over such shares).

This announcement, which is the sole responsibility of XCF Investments, has been
approved by Altium Capital Limited solely for the purpose of Section 21 of the 
Financial Services and Markets Act 2000.

Altium Capital Limited, which is regulated in the United Kingdom by the 
Financial Services Authority, is acting exclusively for XCF Investments and XCF 
(Holdings) Limited as financial adviser (within the meaning of the Rules of the 
Financial Services Authority) and no-one else in connection with the Offer and 
is not advising any other person or treating any other person as its client in 
relation thereto and will not be responsible to anyone other than XCF 
Investments and XCF (Holdings) Limited for providing the protections afforded to
clients of Altium Capital or for providing advice in relation to the Offer, the 
contents of this announcement or any other matters referred to herein.

Enquiries:


XCF Investments Limited
Paul Bridges                                        020 7240 9596

Altium Capital Limited
Richard Hughes                                      0161 831 9133





                      This information is provided by RNS
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