ACQUISITION OF 18.91% INTEREST IN KAZZINC COMPLETE

RNS Number : 4582O

Glencore International PLC

11 October 2012

 



FOR IMMEDIATE RELEASE
BAAR, SWITZERLAND

11 October 2012

GLENCORE INTERNATIONAL PLC

CLOSING OF GLENCORE INTERNATIONAL PLC'S ACQUISITION OF AN 18.91 PER CENT INTEREST IN KAZZINC

Glencore International plc ("Glencore" or the "Company") announces the completion of the purchase of an 18.91 per cent. ownership interest in Kazzinc LLP ("Kazzinc") from Verny Investments in consideration for the issue of 176,742,520 new ordinary shares of the Company (the "Glencore Consideration Shares") and cash consideration of USD 400 million.

Admission of the Glencore Consideration Shares to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities is expected to occur at 8.00 a.m. (UK time) on 11 October 2012. Listing of the Glencore Consideration Shares on the Main Board of the Hong Kong Stock Exchange is expected to occur at 9.00 a.m. (Hong Kong time) on 12 October 2012.

This transaction increases Glencore's ownership interest in Kazzinc to 69.61 per cent.

A copy of this announcement will be made available on the Company's website (www.glencore.com).

Enquiries

For enquiries about Glencore, please contact:

Paul Smith (Investors)  t: [phone]   m: [phone] e: [e-mail]	Charles Watenphul (Media) t: [phone]   m:[phone]  e:[e-mail]	John Burton (Company Secretary) t: [phone] m: [phone] e: [e-mail]
Elisa Morniroli (Investors) t: [phone] m: [phone] e: [e-mail]	Finsbury (Media) Guy Lamming Dorothy Burwell t: [phone]

About Glencore International plc

Glencore is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.

About Kazzinc

Kazzinc is a fully integrated zinc producer with significant copper, precious metals and lead resources in Kazakhstan. Kazzinc owns three major polymetallic facilities, Zyrianovsk, Ridder and Ust-Kamenogorsk, as well as a gold mining operation, Vasilkovskoye in Kokshetau, which is the largest gold mining and processing operation in Kazakhstan.

 

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