GLEN: J.P. Morgan Securities plc.: Form 8.5 (EPT/RI) Glencore International Plc

  GLEN: J.P. Morgan Securities plc.: Form 8.5 (EPT/RI) Glencore International
  Plc

UK Regulatory Announcement

LONDON

                              FORM 8.5 (EPT/RI)

   PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED
           INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

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

1. KEY INFORMATION

(a) Name of exempt principal trader:               J.P. Morgan Securities plc
(b) Name of offeror/offeree in relation to whose
relevant securities this form relates:             Glencore International Plc

Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which      Xstrata Plc
exempt principal trader is connected:
(d) Date dealing undertaken:                       21 December 2012
(e) Has the EPT previously disclosed, or is it
today disclosing, under the Code in respect of     Yes
any other party to this offer?

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of    Purchases/   Total number    Highest price per      Lowest price
relevant   sales       of securities  unit paid/received    per unit
security                                                        paid/received
            Purchases    2,989,076       3.5170 GBP             3.4315 GBP
Ordinary
Shares                                                   

            Sales        1,695,603       3.5195 GBP             3.4405 GBP

(b) Derivatives transactions (other than options)

                           Nature of dealing
Class of    Product                                       Number of     Price
relevant   description   e.g. opening/closing a        reference    per
security                   long/short position,           securities    unit
            e.g. CFD       increasing/reducing a
                           long/short position
                                                                        3.5017
                           Long                           915,000       GBP
Ordinary
Shares     Equity Swap                                            

                           Short                          500,000       3.4970
                                                                        GBP

* these certificates are subject to a strike price of 3.4965 GBP and a kick-in
event if the share price falls to 2.7972 GBP. If the kick-in event does not
occur the buyer receives 1,000 CHF or EUR respectively at maturity; if the
kick-in event does occur the buyer is exposed to the fall in the share price.

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

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

(ii) Exercising

Class of relevant   Product description           Number of     Exercise price
security                                        securities   per unit
                    e.g. call option
                                                                3.40
Ordinary Shares    Assignment of a Call Option  1,500,000   
                                                                GBP

(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 2(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

3. 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”

(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”

Date of disclosure:  21 December 2012
Contact name:        Andrew Mhango
Telephone number:    0207 134 6114

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.

Contact:

J.P. Morgan Securities plc.
 
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