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	11 April 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

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		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,045,601		0.02%		11,172,699		0.16%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,724,964		0.14%		500,708		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		850,000		0.01%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				11,620,565		0.17%		13,999,307		0.20%
											Â
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,500,000		0.07%		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:
				1,500,000		0.07%		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)	Â	Purchases and sales	Â	Â	Â	Â
Class of relevant		Purchase/sale		Number of		Price per unit
security		Â		securities		Â
Convertible Bond		Sale		100,000		127.9500 USD
ORD		Purchase		100		3.9560 GBP
ORD		Purchase		1,200		49.0000 HKD
ORD		Purchase		1,300		49.2500 HKD
ORD		Purchase		1,327		3.9607 GBP
ORD		Purchase		1,395		3.9377 GBP
ORD		Purchase		1,500		3.9554 GBP
ORD		Purchase		1,800		48.8500 HKD
ORD		Purchase		2,177		3.9762 GBP
ORD		Purchase		6,493		3.9240 GBP
ORD		Purchase		11,500		3.9770 GBP
ORD		Purchase		14,666		3.9810 GBP
ORD		Purchase		19,802		3.9500 GBP
ORD		Purchase		24,700		48.5000 HKD
ORD		Purchase		26,729		3.9520 GBP
ORD		Purchase		49,646		3.9683 GBP
ORD		Purchase		54,534		3.9727 GBP
ORD		Purchase		86,859		3.9658 GBP
ORD		Purchase		437,628		3.9665 GBP
ORD		Purchase		596,965		3.9695 GBP
ORD		Sale		100		48.9500 HKD
ORD		Sale		100		49.1000 HKD
ORD		Sale		150		3.9681 GBP
ORD		Sale		300		48.9000 HKD
ORD		Sale		400		49.0500 HKD
ORD		Sale		510		3.9956 GBP
ORD		Sale		571		3.9136 GBP
ORD		Sale		755		3.9533 GBP
ORD		Sale		1,235		3.9734 GBP
ORD		Sale		1,400		3.9881 GBP
ORD		Sale		1,500		3.9678 GBP
ORD		Sale		1,613		3.9873 GBP
ORD		Sale		2,900		3.9682 GBP
ORD		Sale		3,529		3.9632 GBP
ORD		Sale		3,999		3.9656 GBP
ORD		Sale		4,400		48.7143 HKD
ORD		Sale		7,500		48.8500 HKD
ORD		Sale		10,200		3.9500 GBP
ORD		Sale		10,574		3.9660 GBP
ORD		Sale		15,580		3.9559 GBP
ORD		Sale		19,932		3.9718 GBP
ORD		Sale		20,600		48.5000 HKD
ORD		Sale		82,498		3.9719 GBP
ORD		Sale		161,513		3.9636 GBP
ORD		Sale		165,476		3.9713 GBP
ORD		Sale		872,727		3.9707 GBP
ORD (traded as ADR)		Purchase		334		12.4700 USD
ORD (traded as ADR)		Sale		334		12.4700 USD

(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		3,999		3.9656 GBP
ORD		CFD		Long		4,400		48.7143 HKD
ORD		CFD		Long		8,400		3.9589 GBP
ORD		CFD		Long		8,400		48.8068 HKD
ORD		CFD		Long		59,491		3.9655 GBP
ORD		CFD		Long		70,552		3.9719 GBP
ORD		CFD		Short		8,400		3.9486 GBP
ORD		CFD		Short		8,400		48.8210 HKD
ORD		CFD		Short		10,199		3.9923 GBP
ORD		CFD		Short		29,876		3.9725 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:	Â	12 April 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	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

600,000

3.7500

European

24 Apr 2012

ORD

Put Options

Purchased

250,000

4.4000

American

13 Apr 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

13 Apr 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

13 Apr 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

13 Apr 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.