Glencore : Notification of Major Interest in Shares

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:ii

GLENCORE PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

No

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

Change in the delta applicable to instruments with similar economic effect to qualifying financial instruments.

Yes

3. Full name of person(s) subject to the
notification obligation:iii

Qatar Holding LLC

Qatar Investment Authority (as parent undertaking only)

4. Full name of shareholder(s)
(if different from 3.):iv

Qatar Holding LLC

5. Date of the transaction and date on
which the threshold is crossed or
reached: v

18 November 2014

6. Date on which issuer notified:

20 November 2014

7. Threshold(s) that is/are crossed or
reached: vi, vii

9% (upwards)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

USD 0.01 Ordinary Shares

JE00B4T3BW64

1,176,196,974

1,176,196,974

1,176,196,974

1,176,196,974

N/A

8.924%

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date xiii

Exercise/
Conversion Period xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Options on ordinary shares

N/A

Dates starting  27 May 2015

and ending

14 Dec 2015

N/A

9,942,895

(after delta adjustment)

Nominal

Delta

See section 13.

0.075%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,186,139,869

9.00%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Qatar Holding LLC is the beneficial holder of the specified shares and voting rights in Glencore PLC. Qatar Holding LLC is established as a limited liability company in the Qatar Financial Centre ("QFC") and is licensed by the QFC Authority under License No. 00004.  Qatar Holding LLC is wholly-owned by Qatar Investment Authority ("QIA") and makes this notification on behalf of itself and QIA.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

On a nominal basis the voting rights underlying the options on ordinary shares total 33,690,000. The voting rights underlying the options on ordinary shares have been re-calculated on a delta-adjusted basis, as permitted by the Financial Conduct Authority's (the "FCA") Disclosure and Transparency Rules (the "DTRs").

As required under the FCA DTRs, this notification has been prepared using the total voting rights figure of 13,179,963,930 as set out in the public announcement made by Glencore Plc on 19 November 2014.

14. Contact name:

Dr. Tariq Alsabbagh,

Acting Director, Legal Department

General Counsel, Qatar Holding LLC / Qatar Investment Authority

15. Contact telephone number:

+974.4499.5806

Paul Smith
t: +41 (0) 41 709 2487
m: +41 (0) 79 947 1348
e:paul.smith@glencore.com

Martin Fewings
t: +41 (0) 41 709 2880
m: +41 (0) 79 737 5642
e: martin.fewings@glencore.com

Elisa Morniroli
t: +41 (0) 41 709 2818
m: +41 (0) 79 833 0508
e: elisa.morniroli@glencore.com

Charles Watenphul
t: +41 (0) 41 709 2462
m: +41 (0) 79 904 3320
e: charles.watenphul@glencore.com

Finsbury
Guy Lamming / Dorothy Burwell
t: +44 (0) 20 7251 3801

John Burton
t: +41 (0) 41 709 2619
m: +41 (0) 79 944 5434
e:john.burton@glencore.com

Nicola Barrett
t: +41 (0) 41 709 2755
m: +41 (0) 79 735 3916
e: nicola.barrett@glencore.com