Freeport-McMoRan Inc. announced the early tender results of its previously announced cash tender offers to purchase up to $1.5 billion aggregate purchase price (the principal amount of Notes that does not cause such amount to be exceeded, subject to further increase, decrease or elimination, the Aggregate Maximum Tender Cap) of its 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024 (the 2024 Notes) (collectively, the Notes). Based on information received from D.F. King & Co. Inc., the Tender and Information Agent, the aggregate principal amounts of each series of Notes that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on July 24, 2020 (such time and date, the Early Tender Deadline). In addition, FCX announced that it has amended the terms and conditions of the tender offers to extend the deadline for receiving the Early Tender Premium of $30.00 for each $1,000 principal amount of Notes tendered to be through 11:59 p.m., New York City time, on August 7, 2020, unless extended, or earlier expired or terminated by FCX (such time and date, as the same may be extended, or earlier expired or terminated in sole discretion with respect to one or more series of Notes, the Expiration Date) with respect to each series of Notes. Furthermore, FCX announced that it has eliminated the aggregate purchase sublimit of $100 million of aggregate principal amount of 2024 Notes that may be purchased pursuant to the tender offers. Subject to these amendments and previously announced amendment to the tender offers, all other terms and conditions of the tenders offers remain unchanged and are being made solely pursuant to the terms and conditions, including the Aggregate Maximum Tender Cap and acceptance priority levels, set forth in the Offer to Purchase, dated July 13, 2020 (as amended and supplemented from time to time, the Offer to Purchase). FCX expects to accept for purchase all of the notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline, and settlement of such Notes is expected to occur on July 28, 2020 (the Early Settlement Date). Holders of Notes who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Deadline and whose Notes are accepted for purchase will be entitled to receive the applicable Total Consideration set forth in the table above, which includes the Early Tender Premium for the Notes, of $30.00 per $1,000 principal amount of Notes validly tendered, 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. Because the deadline for receiving the Early Tender Premium has been extended through the Expiration Date, holders who validly tender Notes following the Early Tender Deadline and at or prior to the Expiration Date will now receive the applicable Total Consideration set forth in the table above (which includes the $30.00 Early Tender Premium) for such Notes accepted for purchase.