Freeport-McMoRan Inc. announced on August 15, 2019, that it has completed the sale of $600 million aggregate principal amount of its 5.00% Senior Notes due 2027 and $600 million aggregate principal amount of its 5.25% Senior Notes due 2029. FCX intends to use the net proceeds from the $1.2 billion senior notes offering to fund its previously announced make-whole redemption of all of its outstanding $728 million aggregate principal amount of 6.875% Senior Notes due 2023, the purchase of approximately $404.9 million aggregate principal amount of its 4.00% Senior Notes due 2021 (the 2021 Notes) and $12.3 million aggregate principal amount of its 3.55% Senior Notes due 2022 (the 2022 Notes) tendered as of 5:00 p.m., New York City time, on August 14, 2019 (the Early Tender Deadline) pursuant to its cash tender offers, and the payment of accrued and unpaid interest, premiums, fees and expenses in connection therewith. FCX’s previously announced tender offers for up to $430 million aggregate purchase price (exclusive of accrued interest) of its 2021 Notes, 2022 Notes and 3.875% Senior Notes due 2023 (collectively, the Notes) are being made solely pursuant to the terms and conditions, including the acceptance priority levels, set forth in the Offer to Purchase dated August 1, 2019. The financing condition for the tender offers was satisfied upon completion of the senior notes offering. Holders of 2021 Notes and 2022 Notes who validly tendered and did not validly withdraw their 2021 Notes and 2022 Notes at or prior to the Early Tender Deadline, and whose 2021 Notes and 2022 Notes are accepted for purchase, will be entitled to receive total consideration of $1,031.25 per $1,000 2021 Notes (which includes the $30.00 early tender premium) and $1,017.50 per $1,000 2022 Notes (which includes the $30.00 early tender premium) plus accrued and unpaid interest from the last interest payment date to, but not including, the Early Settlement Date. Notes validly tendered at or prior to the Early Tender Deadline cannot be withdrawn, except as provided for in the Offer to Purchase or as required by applicable law. FCX does not expect to accept for purchase any Notes tendered after the Early Tender Deadline because the aggregate principal amount of Notes tendered would result in an aggregate purchase price that exceeds $430 million. The tender offers are scheduled to expire at 11:59 p.m., New York City time, on August 28, 2019, unless extended, earlier expired or terminated by FCX.