May 20, 2013

Freeport-McMoRan Copper & Gold Inc. (FCX) and Plains Exploration & Production Company (PXP) today announced that the shareholders of PXP approved FCX’s acquisition of PXP at a special meeting held today. A majority of the outstanding shares approved the transaction. The transaction is anticipated to close on May 31, 2013. Following completion of the transaction, there are expected to be