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	14 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:		1,459,462		0.02%		9,667,459		0.14%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,743,563		0.13%		588,994		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:
				10,453,025		0.15%		12,582,353		0.18%
											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		3,658		3.7816 GBP
ORD		Purchase		7,737		3.7685 GBP
ORD		Purchase		9,384		3.7635 GBP
ORD		Purchase		11,528		3.7015 GBP
ORD		Purchase		15,800		3.7304 GBP
ORD		Purchase		25,827		3.7555 GBP
ORD		Purchase		33,904		3.7531 GBP
ORD		Purchase		37,033		3.7371 GBP
ORD		Purchase		52,262		3.7475 GBP
ORD		Purchase		52,437		3.7237 GBP
ORD		Purchase		81,561		3.7272 GBP
ORD		Purchase		85,303		3.7176 GBP
ORD		Purchase		96,170		3.7289 GBP
ORD		Purchase		117,100		47.2666 HKD
ORD		Purchase		292,817		3.7254 GBP
ORD		Purchase		754,637		3.7409 GBP
ORD		Purchase		1,615,000		3.7184 GBP
ORD		Sale		200		3.7170 GBP
ORD		Sale		258		3.7086 GBP
ORD		Sale		376		3.7585 GBP
ORD		Sale		400		47.7500 HKD
ORD		Sale		600		48.0213 HKD
ORD		Sale		700		47.5500 HKD
ORD		Sale		933		3.7239 GBP
ORD		Sale		1,900		47.6000 HKD
ORD		Sale		2,600		47.8500 HKD
ORD		Sale		3,901		3.7575 GBP
ORD		Sale		5,000		47.5000 HKD
ORD		Sale		5,300		3.6992 GBP
ORD		Sale		7,500		3.7860 GBP
ORD		Sale		7,620		3.7202 GBP
ORD		Sale		9,532		3.7408 GBP
ORD		Sale		10,100		48.0000 HKD
ORD		Sale		11,000		47.9000 HKD
ORD		Sale		11,028		3.7183 GBP
ORD		Sale		15,000		3.7135 GBP
ORD		Sale		15,000		47.3000 HKD
ORD		Sale		18,800		47.1000 HKD
ORD		Sale		20,000		47.3500 HKD
ORD		Sale		20,300		47.4000 HKD
ORD		Sale		38,200		47.1500 HKD
ORD		Sale		76,859		3.7237 GBP
ORD		Sale		107,598		3.7190 GBP
ORD		Sale		252,175		3.7519 GBP
ORD		Sale		297,082		3.7306 GBP
ORD		Sale		1,441,328		3.7220 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		600		48.0213 HKD
ORD		CFD		Long		2,926		3.7001 GBP
ORD		SWAP		Long		3,299		3.7101 GBP
ORD		CFD		Long		4,277		3.7571 GBP
ORD		CFD		Long		26,900		47.7803 HKD
ORD		CFD		Short		3,658		3.7816 GBP
ORD		CFD		Short		4,699		3.7748 GBP
ORD		SWAP		Short		19,199		3.7266 GBP
ORD		CFD		Short		26,905		3.8143 GBP
ORD		SWAP		Short		33,904		3.7531 GBP
ORD		CFD		Short		85,303		3.7176 GBP
ORD		SWAP		Short		118,594		3.7303 GBP
ORD		CFD		Short		249,852		3.7321 GBP
ORD		CFD		Short		257,502		3.7359 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	15 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

16 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

16 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

16 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

16 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.