Standard Life Disclosable Interest in Xstrata

Zug, 3 December 2003

Xstrata Plc ("Xstrata") announces that it was notified by Standard Life Investments ("Standard Life") yesterday that Standard Life has increased its holdings in Xstrata to 25,345,770 ordinary shares of US$0.50 each, representing 4.014% of Xstrata's issued share capital.

For information, Standard Life's previous notified holding was 3.99%.

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