Director Shareholding

Antofagasta PLC
25 March 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Antofagasta plc




2. Name of director


Mr Andronico Luksic




3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


Holding of the director named in 2 above




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


Lanzville Investment  Establishment




5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


Mr. Andronico Luksic, the director named in 2 above, indirectly controls 
Lanzville




6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Share purchase



7. Number of shares / amount of stock acquired


22,000



8. Percentage of issued class


0.011 per cent




9. Number of shares/amount of stock disposed


N/A



10. Percentage of issued class


N/A




11. Class of security


Ordinary shares



12. Price per share


595p



13. Date of transaction


24 March 2003




14. Date company informed


25 March 2003




15. Total holding following this notification


128,187,246 ordinary shares (including interests of connected persons)



16. Total percentage holding of issued class following this notification


65.01 per cent



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


N/A




18. Period during which or date on which exercisable


N/A




19. Total amount paid (if any) for grant of the option


N/A




20. Description of shares or debentures involved: class, number


N/A




21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


N/A




22. Total number of shares or debentures over which options held following this
notification


N/A



23. Any additional information






24. Name of contact and telephone number for queries


Hussein Barma, 020 7382 7862




25. Name and signature of authorised company official responsible for making
this notification


Hussein Barma, Chief Financial Officer



Date of Notification


25 March 2003



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