FORM 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

FORM 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

BARCLAYS PLC

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:	Â	Barclays Capital Securities Ltd
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	GLENCORE INTL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree
(d) Date position held/dealing undertaken:	Â	27 March 2012
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Â	YES: XSTRATA PLC Â

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 security:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,987,804		0.03%		8,595,760		0.12%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		7,217,759		0.10%		1,141,618		0.02%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				9,455,563		0.14%		12,063,278		0.17%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,800,000		0.08%		0		0.00%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				1,800,000		0.08%		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:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

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	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		500		4.0745 GBP
ORD		Purchase		865		4.0757 GBP
ORD		Purchase		1,000		4.0495 GBP
ORD		Purchase		1,000		4.0565 GBP
ORD		Purchase		2,186		4.0553 GBP
ORD		Purchase		3,000		4.0195 GBP
ORD		Purchase		3,200		50.0000 HKD
ORD		Purchase		3,300		50.0500 HKD
ORD		Purchase		3,346		4.0318 GBP
ORD		Purchase		4,177		4.0899 GBP
ORD		Purchase		5,759		4.0291 GBP
ORD		Purchase		8,192		4.0564 GBP
ORD		Purchase		12,603		4.0338 GBP
ORD		Purchase		26,729		4.0470 GBP
ORD		Purchase		26,729		4.0575 GBP
ORD		Purchase		28,508		4.0430 GBP
ORD		Purchase		94,588		4.0363 GBP
ORD		Purchase		113,200		4.0700 GBP
ORD		Purchase		115,652		4.0292 GBP
ORD		Purchase		282,254		4.0405 GBP
ORD		Sale		200		50.0000 HKD
ORD		Sale		399		4.0520 GBP
ORD		Sale		664		4.0522 GBP
ORD		Sale		1,800		50.0500 HKD
ORD		Sale		2,023		4.0298 GBP
ORD		Sale		2,279		4.0514 GBP
ORD		Sale		2,497		4.0196 GBP
ORD		Sale		3,507		4.0251 GBP
ORD		Sale		3,858		4.0516 GBP
ORD		Sale		4,300		50.0162 HKD
ORD		Sale		8,487		4.0071 GBP
ORD		Sale		9,650		4.0432 GBP
ORD		Sale		12,603		4.0340 GBP
ORD		Sale		28,241		4.0325 GBP
ORD		Sale		32,440		4.0450 GBP
ORD		Sale		67,204		4.0607 GBP
ORD		Sale		87,859		4.0463 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		CFD		Long		500		4.0621 GBP
ORD		CFD		Long		1,800		4.0546 GBP
ORD		CFD		Long		2,000		49.9849 HKD
ORD		CFD		Long		3,849		4.0522 GBP
ORD		CFD		Long		18,583		4.0376 GBP
ORD		CFD		Short		2		4.0000 GBP
ORD		CFD		Short		3		4.0166 GBP
ORD		CFD		Short		3		4.0233 GBP
ORD		CFD		Short		4		4.0275 GBP
ORD		CFD		Short		6		4.0150 GBP
ORD		CFD		Short		6		4.0200 GBP
ORD		CFD		Short		7		4.0100 GBP
ORD		CFD		Short		88		4.0143 GBP
ORD		CFD		Short		154		4.0498 GBP
ORD		CFD		Short		300		50.0650 HKD
ORD		CFD		Short		387		4.0503 GBP
ORD		CFD		Short		495		4.0043 GBP
ORD		CFD		Short		500		4.0393 GBP
ORD		CFD		Short		854		4.0073 GBP
ORD		CFD		Short		1,751		4.0501 GBP
ORD		CFD		Short		1,900		50.1100 HKD
ORD		CFD		Short		2,000		4.0255 GBP
ORD		CFD		Short		8,192		4.0564 GBP
ORD		CFD		Short		25,263		4.0532 GBP
ORD		CFD		Short		49,314		4.0315 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

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

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

Price per unit (if applicable)

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?	Â	YES
Date of disclosure:		28 Mar 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 [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

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 being disclosed:	Â	Barclays Capital Securities Ltd
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:		GLENCORE INTL PLC

2. OPTIONS AND DERIVATIVES

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Put Options

Purchased

250,000

4.4000

American

29 Mar 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

29 Mar 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

29 Mar 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

29 Mar 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 [phone].

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