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:		Barclays Capital Securities Ltd
(b)		Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
		relevant securities this form relates:
(c)		Name of the party to the offer with which exempt		Advisor to Offeree
		principal trader is connected
(d)		Date position held/dealing undertaken:		11 June 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect
		of any other party to this offer?		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:				ORD
				Interests				Short Positions
				Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,280,049		0.05%		12,639,246		0.18%
(2)		Derivatives (other than
		options):		9,089,952		0.13%		949,939		0.01%
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
(4)		TOTAL:
				12,620,001		0.18%		15,915,085		0.22%
Class of relevant security:				Convertible Bond
				Interests				Short Positions
				Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		4,700,000		0.20%		0		0.00%
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
(4)		TOTAL:
				4,700,000		0.20%		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:
Details, including nature of the rights concerned and relevant percentages:

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		Purchase/sale		Number of		Price per unit
security				securities
ORD		Purchase		318		3.6628 GBP
ORD		Purchase		542		3.6886 GBP
ORD		Purchase		1,120		3.6460 GBP
ORD		Purchase		1,169		3.6796 GBP
ORD		Purchase		7,009		3.6687 GBP
ORD		Purchase		8,427		3.6803 GBP
ORD		Purchase		10,884		3.6806 GBP
ORD		Purchase		15,062		3.6543 GBP
ORD		Purchase		17,250		3.6836 GBP
ORD		Purchase		23,280		3.6413 GBP
ORD		Purchase		87,774		3.6361 GBP
ORD		Purchase		192,394		3.6260 GBP
ORD		Purchase		265,965		3.6400 GBP
ORD		Purchase		305,782		3.6559 GBP
ORD		Purchase		703,251		3.6449 GBP
ORD		Purchase		200		43.8500 HKD
ORD		Purchase		500		44.4000 HKD
ORD		Purchase		1,300		43.5000 HKD
ORD		Purchase		1,800		44.2000 HKD
ORD		Purchase		2,900		44.2500 HKD
ORD		Purchase		5,000		43.6500 HKD
ORD		Purchase		10,000		43.7500 HKD
ORD		Purchase		11,100		44.3000 HKD
ORD		Sale		90,136		3.6773 GBP
ORD		Sale		991		3.6276 GBP
ORD		Sale		10,898		3.6865 GBP
ORD		Sale		13,708		3.6442 GBP
ORD		Sale		20,200		43.8047 HKD
ORD		Sale		22,655		3.6691 GBP
ORD		Sale		22,968		3.6355 GBP
ORD		Sale		23,137		3.6344 GBP
ORD		Sale		30,373		3.6499 GBP
ORD		Sale		36,033		3.6169 GBP
ORD		Sale		38,122		3.6479 GBP
ORD		Sale		67,230		3.6419 GBP
ORD		Sale		273,929		3.6454 GBP
ORD		Sale		276,273		3.6405 GBP
ORD		Sale		348,773		3.6583 GBP

(b) Derivatives transactions (other than options)

Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security						securities
ORD		CFD		Long		5,916		3.6304 GBP
ORD		CFD		Long		12,600		3.6858 GBP
ORD		SWAP		Long		18,916		3.6385 GBP
ORD		SWAP		Long		23,137		3.6344 GBP
ORD		CFD		Long		74,176		3.6353 GBP
ORD		SWAP		Long		80,938		3.6423 GBP
ORD		CFD		Long		109,974		3.6576 GBP
ORD		CFD		Short		1,837		3.6284 GBP
ORD		CFD		Short		12,600		44.3412 HKD
ORD		CFD		Short		15,954		3.6873 GBP
ORD		CFD		Short		42,485		3.6791 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Product description e.g. call option

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

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?

YES

Date of disclosure:		12 Jun 2012
Contact name:		Geoff Smith
Telephone number:		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 monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

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

2. OPTIONS AND DERIVATIVES

Class

Product

Writing,

Number

Exercise

Type

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

relates

ORD

Put Options

Purchased

250,000

4.4000

American

13 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

13 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

13 Jun 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

13 Jun 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 +44 (0)20 7638 0129.

Copyright Business Wire 2012

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