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 whose relevant
securities this form relates:                              GLENCORE INTL PLC

Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which exempt       Advisor to Offeree
principal trader is connected:
(d) Date position held/dealing undertaken:                 23 November 2012
                                                            YES:

(e) Has the EPT previously disclosed, or is it 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:   5,418,070    0.08%   28,853,482   0.41%
                                                                   
(2)              Derivatives (other
                 than
                 options):            28,476,301   0.40%   2,410,936    0.03%
                                                                   
(3)              Options and
                 agreements to
                 purchase/sell:       1,000,000    0.01%   250,000      0.00%
                                                                   
(4)              TOTAL:
                                      34,894,371   0.49%   31,514,418   0.44%

                                                                  
Class of                         Convertible Bond
relevant                        XS0475310396                         
security:
                                 Interests                    Short Positions
                               Number               (%)     Number    (%)
(1)          Relevant
             securities owned
             and/or              1,400,000            0.06%   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:
                                 1,400,000            0.06%   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   
Convertible Bond    Sale            1,000,000    121.5000 USD
ORD                 Purchase        142          3.4105 GBP
ORD                 Purchase        334          3.4036 GBP
ORD                 Purchase        800          3.4070 GBP
ORD                 Purchase        1,100        42.4500 HKD
ORD                 Purchase        1,421        3.4498 GBP
ORD                 Purchase        2,100        42.3500 HKD
ORD                 Purchase        2,709        3.4282 GBP
ORD                 Purchase        3,300        3.4444 GBP
ORD                 Purchase        3,472        3.4314 GBP
ORD                 Purchase        3,700        42.4000 HKD
ORD                 Purchase        7,800        42.5000 HKD
ORD                 Purchase        7,828        3.4488 GBP
ORD                 Purchase        8,700        42.3000 HKD
ORD                 Purchase        12,250       3.4515 GBP
ORD                 Purchase        14,393       3.4358 GBP
ORD                 Purchase        24,621       3.4376 GBP
ORD                 Purchase        54,829       3.4300 GBP
ORD                 Purchase        88,940       3.4147 GBP
ORD                 Purchase        109,718      3.4437 GBP
ORD                 Purchase        121,385      3.4206 GBP
ORD                 Purchase        214,336      3.4451 GBP
ORD                 Sale            100          42.3000 HKD
ORD                 Sale            100          42.4000 HKD
ORD                 Sale            200          42.4500 HKD
ORD                 Sale            344          3.4525 GBP
ORD                 Sale            756          3.4334 GBP
ORD                 Sale            1,371        3.4560 GBP
ORD                 Sale            1,411        3.4389 GBP
ORD                 Sale            2,709        3.4284 GBP
ORD                 Sale            3,311        3.4366 GBP
ORD                 Sale            3,447        3.4136 GBP
ORD                 Sale            4,030        3.4156 GBP
ORD                 Sale            6,462        3.4285 GBP
ORD                 Sale            8,200        3.4510 GBP
ORD                 Sale            8,236        3.4174 GBP
ORD                 Sale            9,739        3.4549 GBP
ORD                 Sale            12,734       3.4447 GBP
ORD                 Sale            15,420       3.4416 GBP
ORD                 Sale            23,400       42.3940 HKD
ORD                 Sale            31,279       3.4089 GBP
ORD                 Sale            43,553       3.4480 GBP
ORD                 Sale            51,976       3.4142 GBP
ORD                 Sale            54,904       3.4381 GBP
ORD                 Sale            67,761       3.4350 GBP
ORD                 Sale            151,100      3.4273 GBP

(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                400          42.3491 HKD
ORD        CFD           Long                1,047        3.4374 GBP
ORD        SWAP          Long                8,236        3.4174 GBP
ORD        SWAP          Long                25,435       3.4105 GBP
ORD        CFD           Long                79,387       3.4215 GBP
ORD        SWAP          Long                83,255       3.4122 GBP
ORD        SWAP          Short               1,700        3.4436 GBP
ORD        CFD           Short               2,261        3.4444 GBP
ORD        SWAP          Short               4,100        3.4371 GBP
ORD        CFD           Short               52,289       3.4297 GBP
ORD        CFD           Short               121,385      3.4206 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:                                   26 Nov 2012
Contact name:                                         Geoff Smith
Telephone number:                                     0203 555 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.

                     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 person whose open positions are       BARCLAYS CAPITAL SECURITIES
being disclosed:                                   LTD
Name of offeror/offeree in relation to whose       GLENCORE INTL PLC
relevant securities the disclosure 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   25 Nov
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   25 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