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:      17 December 2012
(e)   Has the EPT previously disclosed, or is     YES:
      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             5,008,890         0.07%   36,515,403    0.51%
             controlled:
                                                                   
(2)          Derivatives
             (other than
             options):          36,235,269        0.51%   2,810,851     0.04%
                                                                   
(3)          Options and
             agreements to
             purchase/sell:     1,000,000         0.01%   250,000       0.00%
                                                                   
(4)          TOTAL:
                                42,244,159        0.60%   39,576,254    0.56%
                                                                   
Class of                        Convertible
relevant                       Bond                                  
security:                       XS0475310396
                                Interests                Short         
                                                          Positions
                              Number            (%)     Number        (%)
(1)          Relevant
             securities owned
             and/or             2,000,000         0.09%   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:
                                2,000,000         0.09%   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        14           3.5077 GBP
ORD                   Purchase        363          3.5006 GBP
ORD                   Purchase        500          43.8500 HKD
ORD                   Purchase        667          3.4830 GBP
ORD                   Purchase        1,200        43.9500 HKD
ORD                   Purchase        1,200        44.0500 HKD
ORD                   Purchase        1,627        3.5210 GBP
ORD                   Purchase        1,700        43.9000 HKD
ORD                   Purchase        1,800        43.8000 HKD
ORD                   Purchase        3,000        44.1000 HKD
ORD                   Purchase        4,000        44.1500 HKD
ORD                   Purchase        4,253        3.5174 GBP
ORD                   Purchase        5,400        44.0000 HKD
ORD                   Purchase        8,083        3.5180 GBP
ORD                   Purchase        8,307        3.5172 GBP
ORD                   Purchase        16,732       3.5194 GBP
ORD                   Purchase        26,270       3.5111 GBP
ORD                   Purchase        38,178       3.5090 GBP
ORD                   Purchase        38,923       3.5142 GBP
ORD                   Purchase        125,213      3.5106 GBP
ORD                   Purchase        147,293      3.4877 GBP
ORD                   Purchase        155,768      3.5026 GBP
ORD                   Purchase        207,490      3.5235 GBP
ORD                   Purchase        373,871      3.5087 GBP
ORD                   Sale            100          43.7000 HKD
ORD                   Sale            663          3.5159 GBP
ORD                   Sale            667          3.4830 GBP
ORD                   Sale            1,400        3.5207 GBP
ORD                   Sale            7,385        3.5050 GBP
ORD                   Sale            8,083        3.5180 GBP
ORD                   Sale            8,207        3.5173 GBP
ORD                   Sale            8,395        3.5141 GBP
ORD                   Sale            9,078        3.5012 GBP
ORD                   Sale            9,873        3.5070 GBP
ORD                   Sale            11,785       3.5061 GBP
ORD                   Sale            15,549       3.5076 GBP
ORD                   Sale            18,800       44.0156 HKD
ORD                   Sale            26,589       3.5081 GBP
ORD                   Sale            37,883       3.5092 GBP
ORD                   Sale            48,780       3.5049 GBP
ORD                   Sale            71,454       3.5018 GBP
ORD                   Sale            147,670      3.4878 GBP
ORD                   Sale            152,500      3.5104 GBP
ORD                   Sale            207,185      3.5084 GBP
ORD                   Sale            278,761      3.5100 GBP
ORD                   Sale            317,607      3.5060 GBP
ORD (traded as ADR)   Purchase        1,000        11.2800 USD
ORD (traded as ADR)   Sale            1,000        11.2800 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                100          43.6413 HKD
ORD        CFD           Long                1,000        3.4947 GBP
ORD        SWAP          Long                1,400        3.5207 GBP
ORD        SWAP          Long                11,785       3.5061 GBP
ORD        CFD           Long                13,228       3.5093 GBP
ORD        CFD           Long                55,626       3.5033 GBP
ORD        CFD           Long                106,004      3.5097 GBP
ORD        CFD           Long                110,000      3.5072 GBP
ORD        CFD           Long                152,500      3.5104 GBP
ORD        SWAP          Short               4,253        3.5174 GBP
ORD        CFD           Short               17,219       3.5250 GBP
ORD        CFD           Short               140,565      3.5014 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:  18 Dec 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.

                     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   19 Dec
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   19 Dec
           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