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	3 May 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:		1,191,349		0.02%		11,871,007		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		11,151,816		0.16%		559,505		0.01%
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:
				12,593,165		0.18%		14,756,412		0.21%
											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:		1,200,000		0.05%		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:
				1,200,000		0.05%		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

(a)	Â	Purchases and sales	Â	Â	Â	Â
Class of relevant		Purchase/sale		Number of		Price per unit
security		Â		securities		Â
ORD		Purchase		671		4.2791 GBP
ORD		Purchase		856		4.2600 GBP
ORD		Purchase		875		4.2608 GBP
ORD		Purchase		1,100		53.5000 HKD
ORD		Purchase		5,546		4.2561 GBP
ORD		Purchase		7,204		4.2800 GBP
ORD		Purchase		7,341		4.2707 GBP
ORD		Purchase		8,000		53.1500 HKD
ORD		Purchase		8,300		53.6753 HKD
ORD		Purchase		9,751		4.2627 GBP
ORD		Purchase		11,200		53.4500 HKD
ORD		Purchase		14,100		53.3000 HKD
ORD		Purchase		20,100		53.6000 HKD
ORD		Purchase		22,900		53.5500 HKD
ORD		Purchase		32,675		4.2656 GBP
ORD		Purchase		34,556		4.2599 GBP
ORD		Purchase		38,900		53.3500 HKD
ORD		Purchase		42,486		4.2731 GBP
ORD		Purchase		42,700		53.7000 HKD
ORD		Purchase		84,900		4.2673 GBP
ORD		Purchase		162,685		4.2684 GBP
ORD		Purchase		195,464		4.2598 GBP
ORD		Sale		8		4.2940 GBP
ORD		Sale		19		4.2795 GBP
ORD		Sale		230		4.2774 GBP
ORD		Sale		284		4.2570 GBP
ORD		Sale		671		4.2791 GBP
ORD		Sale		700		53.7500 HKD
ORD		Sale		731		4.2654 GBP
ORD		Sale		1,000		53.5000 HKD
ORD		Sale		1,800		53.9000 HKD
ORD		Sale		3,100		53.6500 HKD
ORD		Sale		3,400		4.2644 GBP
ORD		Sale		4,700		4.2709 GBP
ORD		Sale		5,000		4.2576 GBP
ORD		Sale		6,691		4.2640 GBP
ORD		Sale		6,700		53.7000 HKD
ORD		Sale		7,188		4.2691 GBP
ORD		Sale		7,987		4.2577 GBP
ORD		Sale		9,891		4.2686 GBP
ORD		Sale		10,700		53.6000 HKD
ORD		Sale		13,947		4.2767 GBP
ORD		Sale		26,720		4.2725 GBP
ORD		Sale		28,457		4.2681 GBP
ORD		Sale		32,161		4.2735 GBP
ORD		Sale		32,675		4.2657 GBP
ORD		Sale		38,900		53.5500 HKD
ORD		Sale		53,200		53.4500 HKD
ORD		Sale		93,200		53.4859 HKD
ORD		Sale		94,489		4.2707 GBP
ORD		Sale		105,092		4.2671 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		SWAP		Long		190		4.2763 GBP
ORD		SWAP		Long		300		4.2710 GBP
ORD		CFD		Long		1,157		4.2761 GBP
ORD		CFD		Long		3,533		4.2596 GBP
ORD		SWAP		Long		8,100		4.2682 GBP
ORD		CFD		Long		63,261		4.2718 GBP
ORD		CFD		Long		107,800		53.4506 HKD
ORD		CFD		Short		2,500		53.5415 HKD
ORD		CFD		Short		25,623		4.2563 GBP
ORD		CFD		Short		35,000		4.2716 GBP
ORD		CFD		Short		63,300		53.5808 HKD
ORD		CFD		Short		80,715		4.2674 GBP
ORD		CFD		Short		107,761		4.2538 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	4 May 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.

143221.01

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

5 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

5 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

5 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

5 May 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.