GLEN: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) Glencore International Plc

  GLEN: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) Glencore International 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 whose   GLENCORE INTL PLC
   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:         16 November 2012
(e) Has the EPT previously disclosed, or is it     YES:
    today disclosing, under the Code in respect
   of any other party to this offer?              XSTRATA PLC

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 controlled:   4,313,247    0.06%   28,208,999    0.40%
                                                                   
(2)             Derivatives (other
                than
                options):            25,634,368   0.36%   1,989,534     0.03%
                                                                   
(3)             Options and
                agreements to
                purchase/sell:       1,000,000    0.01%   250,000       0.00%
                                                                   
(4)             TOTAL:
                                     30,947,615   0.44%   30,448,533    0.43%

Class of                       Convertible Bond
relevant                     XS0475310396                        
security:
                               Interests                  Short        
                                                           Positions
                             Number              (%)     Number       (%)
(1)        Relevant
           securities owned
           and/or              2,300,000           0.10%   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:
                               2,300,000           0.10%   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        100          40.6000 HKD
ORD                   Purchase        628          3.2217 GBP
ORD                   Purchase        653          3.2159 GBP
ORD                   Purchase        1,100        40.7818 HKD
ORD                   Purchase        1,900        3.2550 GBP
ORD                   Purchase        2,994        3.2155 GBP
ORD                   Purchase        3,081        3.2340 GBP
ORD                   Purchase        3,398        3.2384 GBP
ORD                   Purchase        3,905        3.2132 GBP
ORD                   Purchase        6,903        3.2205 GBP
ORD                   Purchase        13,156       3.2193 GBP
ORD                   Purchase        15,285       3.2264 GBP
ORD                   Purchase        23,069       3.2253 GBP
ORD                   Purchase        31,258       3.2327 GBP
ORD                   Purchase        44,591       3.2199 GBP
ORD                   Purchase        58,586       3.2194 GBP
ORD                   Purchase        81,377       3.2511 GBP
ORD                   Purchase        89,272       3.2292 GBP
ORD                   Purchase        100,000      3.2171 GBP
ORD                   Purchase        219,179      3.2268 GBP
ORD                   Purchase        219,302      3.2203 GBP
ORD                   Purchase        315,079      3.2285 GBP
ORD                   Purchase        2,135,000    3.2249 GBP
ORD                   Sale            100          40.6000 HKD
ORD                   Sale            300          3.2495 GBP
ORD                   Sale            910          3.2110 GBP
ORD                   Sale            1,000        40.8000 HKD
ORD                   Sale            1,113        3.2070 GBP
ORD                   Sale            3,753        3.2196 GBP
ORD                   Sale            5,500        3.2165 GBP
ORD                   Sale            6,000        3.2133 GBP
ORD                   Sale            8,728        3.2154 GBP
ORD                   Sale            10,860       3.2084 GBP
ORD                   Sale            13,005       3.2244 GBP
ORD                   Sale            22,009       3.2130 GBP
ORD                   Sale            22,744       3.2149 GBP
ORD                   Sale            71,829       3.2159 GBP
ORD                   Sale            111,036      3.2294 GBP
ORD                   Sale            117,824      3.2201 GBP
ORD                   Sale            118,461      3.2152 GBP
ORD                   Sale            166,180      3.2160 GBP
ORD                   Sale            176,615      3.2221 GBP
ORD                   Sale            270,000      3.2330 GBP
ORD                   Sale            300,000      3.2117 GBP
ORD                   Sale            361,450      3.2167 GBP
ORD                   Sale            911,226      3.2246 GBP
ORD (traded as ADR)   Purchase        1,400        10.3100 USD
ORD (traded as ADR)   Sale            1,400        10.3100 USD

(b) Derivatives transactions (other than options)

Class of  Product      Nature of dealing  Number of   Price per
relevant   description                       reference    unit
security                                   securities   
ORD        CFD           Long                1,200        3.2372 GBP
ORD        SWAP          Long                4,800        3.2140 GBP
ORD        SWAP          Long                11,500       3.2148 GBP
ORD        CFD           Long                15,471       3.2360 GBP
ORD        SWAP          Long                19,800       3.2127 GBP
ORD        CFD           Long                77,724       3.2202 GBP
ORD        CFD           Short               100          40.6487 HKD
ORD        SWAP          Short               1,900        3.2550 GBP
ORD        CFD           Short               9,388        3.2153 GBP
ORD        CFD           Short               12,885       3.2173 GBP
ORD        CFD           Short               23,649       3.2229 GBP
ORD        CFD           Short               81,377       3.2511 GBP
ORD        CFD           Short               185,316      3.2268 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:  19 Nov 2012
Contact name:        Geoff Smith
Telephone number:    020 3555 4632

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.

143221.01

                     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     1,000,000    3.2000     American   18 Nov
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   18 Nov
           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