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GLEN: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC



  GLEN: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

UK Regulatory Announcement

LONDON

                                                         FORM 8.5 (EPT/NON-RI)

         PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

  EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR
                      WHERE RI STATUS IS NOT APPLICABLE)

                  Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)   Name of exempt principal trader:            Barclays Capital Securities
                                                  Ltd
(b)   Name of offeror/offeree in relation to      GLENCORE INTL PLC
      whose
      relevant securities this form relates:       
(c)   Name of the party to the offer with which   Advisor to Offeree
      exempt
      principal trader is connected                
(d)   Date position held/dealing undertaken:      18 May 2012
(e)   Has the EPT previously disclosed, or is     YES:
      it
      today disclosing, under the Code in         XSTRATA PLC
      respect
      of any other party to this offer?            

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)

Class of
relevant                           ORD                                  
security:
                                   Interests             Short          
                                                         Positions
                                   Number        (%)     Number        (%)
(1)             Relevant
                securities owned
                and/or             1,299,482     0.02%   11,844,616    0.17%
                controlled:
                                                                        
(2)             Derivatives
                (other than
                options):          9,651,260     0.14%   706,661       0.01%
                                                                        
(3)             Options and
                agreements to
                purchase/sell:     250,000       0.00%   2,325,900     0.03%
                                                                        
(4)             TOTAL:
                                   11,200,742    0.16%   14,877,177    0.21%
                                                                              
                                                                              
Class of                           Convertible
relevant                           Bond                                 
security:
                                   Interests             Short          
                                                         Positions
                                   Number        (%)     Number        (%)
(1)             Relevant
                securities owned
                and/or             3,700,000     0.16%   0             0.00%
                controlled:
                                                                        
(2)             Derivatives
                (other than
                options):          0             0.00%   0             0.00%
                                                                        
(3)             Options and
                agreements to
                purchase/sell:     0             0.00%   0             0.00%
                                                                        
(4)             TOTAL:
                                   3,700,000     0.16%   0             0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase
or sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).

(b) Rights to subscribe for new securities (including directors’ and other
executive options)

Class of relevant security in relation to which subscription right exists:   
Details, including nature of the rights concerned and relevant percentages:  

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(b), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant   Purchase/sale   Number of    Price per unit
security                            securities    
ORD                 Purchase        378          3.4993 GBP
ORD                 Purchase        379          3.4637 GBP
ORD                 Purchase        871          3.5147 GBP
ORD                 Purchase        1,000        43.3000 HKD
ORD                 Purchase        1,120        3.4465 GBP
ORD                 Purchase        7,150        3.4940 GBP
ORD                 Purchase        11,313       3.4595 GBP
ORD                 Purchase        11,774       3.4558 GBP
ORD                 Purchase        19,111       3.4966 GBP
ORD                 Purchase        20,000       3.5082 GBP
ORD                 Purchase        25,709       3.5079 GBP
ORD                 Purchase        28,145       3.4924 GBP
ORD                 Purchase        46,716       3.4600 GBP
ORD                 Purchase        59,878       3.4718 GBP
ORD                 Purchase        90,655       3.4798 GBP
ORD                 Purchase        100,000      3.4681 GBP
ORD                 Purchase        104,298      3.4787 GBP
ORD                 Purchase        106,886      3.4830 GBP
ORD                 Purchase        118,300      43.3459 HKD
ORD                 Purchase        129,487      3.4743 GBP
ORD                 Purchase        277,930      3.4809 GBP
ORD                 Purchase        332,518      3.4766 GBP
ORD                 Sale            563          3.4905 GBP
ORD                 Sale            1,249        3.5102 GBP
ORD                 Sale            1,300        44.1500 HKD
ORD                 Sale            1,323        3.4625 GBP
ORD                 Sale            1,628        3.5167 GBP
ORD                 Sale            3,300        43.9500 HKD
ORD                 Sale            3,955        3.4765 GBP
ORD                 Sale            5,000        42.9000 HKD
ORD                 Sale            5,000        43.1000 HKD
ORD                 Sale            5,000        43.2500 HKD
ORD                 Sale            5,872        3.4940 GBP
ORD                 Sale            8,300        42.9500 HKD
ORD                 Sale            8,700        43.2000 HKD
ORD                 Sale            10,000       43.7500 HKD
ORD                 Sale            12,512       3.4601 GBP
ORD                 Sale            13,700       43.8000 HKD
ORD                 Sale            13,900       43.2793 HKD
ORD                 Sale            15,000       43.8500 HKD
ORD                 Sale            25,146       3.5083 GBP
ORD                 Sale            34,000       3.4535 GBP
ORD                 Sale            35,512       3.4681 GBP
ORD                 Sale            42,348       3.4725 GBP
ORD                 Sale            44,234       3.4824 GBP
ORD                 Sale            47,600       43.1500 HKD
ORD                 Sale            69,973       3.4851 GBP
ORD                 Sale            120,048      3.5022 GBP
ORD                 Sale            134,130      3.4813 GBP
ORD                 Sale            200,000      3.4995 GBP
ORD                 Sale            280,000      3.5257 GBP
ORD                 Sale            314,500      3.5256 GBP
ORD                 Sale            350,800      3.4753 GBP
ORD                 Sale            582,319      3.4827 GBP

(b) Derivatives transactions (other than options)

Class of   Product       Nature of dealing   Number of    Price per
relevant   description                       reference    unit
security                                     securities    
ORD        SWAP          Long                600          3.5120 GBP
ORD        SWAP          Long                649          3.4685 GBP
ORD        CFD           Long                1,300        44.0941 HKD
ORD        SWAP          Long                1,628        3.5167 GBP
ORD        CFD           Long                1,667        3.5552 GBP
ORD        CFD           Long                3,300        43.8944 HKD
ORD        CFD           Long                13,900       43.2793 HKD
ORD        CFD           Long                30,440       3.5017 GBP
ORD        CFD           Long                37,369       3.4913 GBP
ORD        CFD           Long                66,113       3.4538 GBP
ORD        CFD           Long                280,000      3.5257 GBP
ORD        CFD           Short               1,000        43.3547 HKD
ORD        CFD           Short               6,100        3.4803 GBP
ORD        SWAP          Short               7,150        3.4939 GBP
ORD        CFD           Short               20,594       3.5253 GBP
ORD        SWAP          Short               25,999       3.4760 GBP
ORD        CFD           Short               40,000       3.4756 GBP
ORD        CFD           Short               74,939       3.4459 GBP
ORD        SWAP          Short               120,142      3.4784 GBP
ORD        CFD           Short               146,021      3.4648 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

                         Writing,      Number of               Type                 Option
Class of   Product       purchasing,   securities   Exercise                        money
relevant   description   selling,      to which     price      e.g.        Expiry   paid/
security   e.g. call     varying       option       per unit   American,   date     received
           option        etc.          relates                 European             per unit
                                                               etc.

(ii) Exercising

                     Product
Class of relevant    description          Number of           Exercise price
security                                  securities          per unit
                     e.g. call option

(d) Other dealings (including subscribing for new securities)

                    Nature of dealing
Class of relevant                        Details   Price per unit (if
security            e.g. subscription,             applicable)
                    conversion

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the exempt
principal trader making the disclosure and any party to the offer or any
person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state “none”
NONE

(b) Agreements, arrangements or understandings relating to options or
derivatives

Details of any agreement, arrangement or understanding, formal or informal,
between the exempt principal trader making the disclosure and any other person
relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”
NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?   YES

Date of disclosure:   21 May 2012
Contact name:         Geoff Smith
Telephone number:     020 7116 2913

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is
available for consultation in relation to the Code’s dealing disclosure
requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

                     SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

  DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR
                                  SELL ETC.

            Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose                     Barclays Capital Securities
positions/dealings                               Ltd
are being disclosed:                              
Name of offeror/offeree in relation to whose     GLENCORE INTL PLC
relevant securities this from relates:            

2. OPTIONS AND DERIVATIVES

Class      Product       Writing,      Number       Exercise   Type       Expiry
of         description   purchasing,   of           price                 date
relevant                 selling,      securities   per unit
security                 varying etc   to which
                                       option
                                       relates                             
ORD        Put Options   Purchased     250,000      4.4000     American   20 May
                                                                          2012
ORD        Put Options   Written       -1,000,000   4.8000     American   20 May
                                                                          2012
ORD        Call          Written       -75,900      4.3890     European   6 Jul
           Options                                                        2012
ORD        Call          Written       -250,000     4.6000     American   20 May
           Options                                                        2012
ORD        Call          Written       -1,000,000   4.8000     American   20 May
           Options                                                        2012

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position
can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions)
with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation
to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Contact:

BARCLAYS PLC
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