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		GLENCORE INTL PLC
Â	relevant securities this form relates:		Â
(c)	Name of the party to the offer with which exempt		Advisor to Offeree
Â	principal trader is connected		Â
(d)	Date position held/dealing undertaken:		29 May 2012
(e)	Has the EPT previously disclosed, or is it		YES:
	today disclosing, under the Code in respect		XSTRATA PLC
Â	of any other party to this offer?		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:		1,535,072		0.02%		11,445,563		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,256,351		0.13%		973,476		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:
				11,041,423		0.16%		14,744,939		0.21%
											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:		5,400,000		0.23%		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:
				5,400,000		0.23%		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		400		42.0500 HKD
ORD		Purchase		400		42.1000 HKD
ORD		Purchase		400		42.8000 HKD
ORD		Purchase		416		3.5265 GBP
ORD		Purchase		645		3.5194 GBP
ORD		Purchase		1,000		42.2000 HKD
ORD		Purchase		1,100		42.2407 HKD
ORD		Purchase		1,173		3.5125 GBP
ORD		Purchase		1,400		42.4000 HKD
ORD		Purchase		1,500		3.5580 GBP
ORD		Purchase		1,800		42.5000 HKD
ORD		Purchase		5,000		42.2500 HKD
ORD		Purchase		5,118		3.5100 GBP
ORD		Purchase		6,000		42.6000 HKD
ORD		Purchase		7,471		3.5382 GBP
ORD		Purchase		11,300		42.5792 HKD
ORD		Purchase		12,400		42.7500 HKD
ORD		Purchase		26,721		3.5025 GBP
ORD		Purchase		26,892		3.5366 GBP
ORD		Purchase		30,126		3.5497 GBP
ORD		Purchase		47,378		3.5410 GBP
ORD		Purchase		50,543		3.5338 GBP
ORD		Purchase		62,478		3.5294 GBP
ORD		Purchase		193,289		3.5354 GBP
ORD		Purchase		250,000		3.5463 GBP
ORD		Sale		416		3.5267 GBP
ORD		Sale		528		3.5511 GBP
ORD		Sale		614		3.5000 GBP
ORD		Sale		700		42.6500 HKD
ORD		Sale		1,000		42.8500 HKD
ORD		Sale		1,211		3.5410 GBP
ORD		Sale		2,600		42.8000 HKD
ORD		Sale		2,600		42.9000 HKD
ORD		Sale		3,100		43.0000 HKD
ORD		Sale		4,943		3.5095 GBP
ORD		Sale		5,118		3.5101 GBP
ORD		Sale		5,200		42.6000 HKD
ORD		Sale		5,400		42.5500 HKD
ORD		Sale		10,000		42.2970 HKD
ORD		Sale		13,177		3.5367 GBP
ORD		Sale		23,660		3.5348 GBP
ORD		Sale		23,923		3.5236 GBP
ORD		Sale		30,017		3.5436 GBP
ORD		Sale		73,808		3.5157 GBP
ORD		Sale		120,593		3.5435 GBP
ORD		Sale		163,753		3.5114 GBP
ORD		Sale		180,788		3.5310 GBP
ORD		Sale		200,000		3.4509 GBP
ORD		Sale		200,409		3.5203 GBP
ORD		Sale		290,915		3.5316 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		169		3.5642 GBP
ORD		CFD		Long		5,100		3.5172 GBP
ORD		CFD		Long		9,300		42.8485 HKD
ORD		CFD		Long		18,800		3.5160 GBP
ORD		SWAP		Long		51,649		3.5176 GBP
ORD		CFD		Long		82,942		3.5232 GBP
ORD		CFD		Long		93,509		3.5426 GBP
ORD		CFD		Long		163,753		3.5113 GBP
ORD		SWAP		Long		274,217		3.5191 GBP
ORD		SWAP		Short		500		3.5140 GBP
ORD		CFD		Short		1,100		42.2407 HKD
ORD		CFD		Short		9,300		3.5137 GBP
ORD		SWAP		Short		10,306		3.5237 GBP
ORD		CFD		Short		14,019		3.5179 GBP
ORD		CFD		Short		18,800		42.7544 HKD
ORD		CFD		Short		27,928		3.5489 GBP
ORD		CFD		Short		90,000		3.5735 GBP
ORD		CFD		Short		250,000		3.5463 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	30 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].

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 the person whose positions/dealings	Â	Barclays Capital Securities Ltd
are being disclosed:		Â
Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
relevant securities this from relates:		Â

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

31 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

31 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

31 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

31 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.