FCX Fcx Intl

RNS Number:4944X
FCX International PLC
20 June 2002


XCF INVESTMENTS LIMITED ("XCF INVESTMENTS") LEVEL OF ACCEPTANCES OF THE
RECOMMENDED INCREASED FINAL CASH OFFER ("AMENDED OFFER") FOR FCX INTERNATIONAL
PLC ("FCX") - AMENDED OFFER EXTENDED

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

By 3.00 p.m. London time on 19 June 2002, XCF Investments had received valid
acceptances of the Amended Offer from the holders of 831,076 FCX Shares
(representing approximately 4.58 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 Amended 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.  The Offer has been extended and the next closing date for
the Offer will be 3.00pm on 3 July 2002.

In aggregate therefore, XCF Investments has received valid acceptances or has
acquired or contracted to acquire a total of 5,902,417 FCX Shares (representing
approximately 32.6 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 Amended 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
            The company news service from the London Stock Exchange

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