Company Announcement: Standard Life Investments Disclosable Interests in Xstrata

Zug, 29 September 2003

Xstrata Plc ("Xstrata") announces that it was notified by Standard Life Investments ("Standard Life") on Friday 26 September 2003 that Standard Life has decreased its holdings in Xstrata to 25,123,554 ordinary shares of US$0.50 each, representing 3.98% of Xstrata's issued share capital.

For information, Standard Life's previous notified holding was 4.095%.

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