Company Announcement: MIM Scheme Meeting

Zug, 6 June 2003

The information contained herein is restricted and is not for publication, release or distribution in Australia, Canada, Japan, the Republic of Ireland, the Republic of South Africa or the United States. This document does not contain or constitute an offer of securities for sale in the United States. The securities referred to in this document have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from it. In addition, the securities referred to in this document will not qualify for distribution under any of the relevant securities laws of Canada, Japan, the Republic of Ireland or the Republic of South Africa nor has any prospectus in relation to the Stock Units or the new Ordinary Shares been lodged with the Australian Securities and Investments Commission. Accordingly, absent registration or unless an exemption from such requirements is available, the securities may not be offered, sold, renounced, resold, taken up, delivered or transferred, directly or indirectly, in or into the United States or into Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa.

MIM Scheme Meeting

ends

Xstrata contacts

Marc Gonsalves Telephone: +44 20 7968 2812 Mobile: +44 7775 662 348 Fax: +44 20 7968 2810 Email: mgonsalves@xstrata.com Justine Winn Telephone: +61 2 9253 6748 Fax: +61 2 9252 7702 Email: justine.winn@xstratacoal.com
Brigitte Mattenberger Telephone: +41 41 726 6071 Fax: +41 41 726 7199 Email: bmattenberger@xstrata.com Michael Oke Prospero Financial Telephone: +44 20 7898 9394 Mobile: +44 7778 469630
Deutsche Bank Financial Adviser, Joint Sponsor, Joint Underwriter and Joint Corporate Broker Brett Olsher, Tel: +44 20 7545 6459 Hamis Douglass, Tel: +61 2 9258 2039 Corporate Broking Marcus Le Grice, Tel: +44 20 7547 6736 Charlie Foreman, Tel: +44 20 7547 6843 Toby Clark, Tel: +44 20 7547 6914
JPMorgan Joint Sponsor, Joint Underwriter and Joint Corporate Broker Ian Hannam, Tel: +44 20 7325 1168 Lloyd Pengilly, Tel: +44 7325 6465 John Lydon, Tel: +44 20 7325 8273

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