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GLENCORE XSTRATA PLC - SA currency exchange rate

Release Date: 05/05/2014 09:15
Code(s): GLN     PDF:  
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SA currency exchange rate

Glencore Xstrata plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
HKSE Share Code: 805HK
ISIN: JE00B4T3BW64
(“Glencore”)

BAAR, SWITZERLAND                                                                          5 MAY 2014

NOTICE OF DISTRIBUTION CURRENCY EXCHANGE RATES (SOUTH AFRICAN RAND) - FINAL
DISTRIBUTION FOR THE YEAR ENDED 31 DECEMBER 2013

In Glencore’s preliminary results announcement released on the Stock Exchange News Service of the
JSE Limited on 4 March 2014, the board of directors proposed a final distribution of US$0.111 per
ordinary share, subject to the approval by its shareholders at the annual general meeting to be held on
20 May 2014.

The currency exchange rate applicable for the distribution payable to shareholders on the Glencore
Xstrata plc South African branch register has been determined by reference to the closing mid exchange
rates applicable to the South African Rand on Friday, 2 May 2014. The rate was published in the
Financial Times on Saturday, 3 May 2014. This rate is as follows:


                                                                             Distribution per ordinary
Distribution of US$0.111 per
                                      Exchange Rate                          Glencore share in South
ordinary Glencore share
                                                                             African Rand

South African Rand                    10.4625                                1.1613375


Dematerialisation and rematerialisation of registered share certificates in South Africa may not be
effected during the period from Monday, 12 May 2014, to Friday, 16 May 2014, both days inclusive, nor
will transfers between the Jersey register and the South African register be permitted between Friday,
9 May 2014, and Friday, 16 May 2014, both dates inclusive.

If approved by Glencore shareholders, the distribution will be paid on Friday, 30 May 2014.

Additional information for South African shareholders

Following the introduction of Dividend Tax in South Africa, the JSE Listing Requirements were amended
with effect from 1 April 2012 to require the disclosure of additional information in relation to the distribution
payment. The purpose of this note is to provide that additional information.
1.      Dividend Tax will be withheld from the amount of the gross final distribution of 1.1613375 South
        African Rand per ordinary share paid to shareholders on the South African branch register at the
        rate of 15 per cent, unless a shareholder qualifies for an exemption.
2.      After the Dividend Tax has been withheld, the net distribution will be 0.98713687 South African
        Rand per ordinary share.
3.      Glencore had a total of 13,278,405,466 ordinary shares in issue at the distribution declaration
        date of 4 March 2014.
4.      With specific reference to South Africa, Glencore, as a non-resident, was not subject to the
        secondary tax on companies (STC) regime which used to be applicable and therefore no STC
        credits are available for set-off against the Dividend Tax liability on the final distribution. The
        distribution will be paid out of Glencore’s capital reserves.
5.      For the avoidance of doubt, Dividend Tax, and therefore the information provided in this
        announcement, is of only direct application to shareholders on the South African branch register.
6.      Although the distribution is paid out of Glencore’s capital reserves, for shareholders on the South
        African branch register the distribution constitutes a foreign dividend as defined in section 1 of the
        South African Income Tax Act, 58 of 1962 (as amended) and is a dividend for the purposes of
        Dividend Tax, since the shares are listed on the JSE.

Shareholders on the South African branch register who are in any doubt as to their tax position should
seek independent professional advice.



Distribution enquiries:

 John Burton                          Nicola Barrett

 t: +41 (0) 41 709 2619               t: +41 (0) 41 709 2755

 m: +41 (0) 79 944 5434               m: +41 (0) 79 735 3916

 e: john.burton@glencore.com          e: nicola.barrett@glencore.com



Investor enquiries:

 Paul Smith                           Martin Fewings                        Elisa Morniroli

 t: +41 (0) 41 709 2487               t: +41 (0) 41 709 2880                t: +41 (0) 41 709 2818

 m: +41 (0) 79 947 1348               m: +41 (0) 79 737 5642                m: +41 (0) 79 833 0508

 e: paul.smith@glencore.com           e: martin.fewings@glencore.com        e: elisa.morniroli@glencore.com

Media enquiries:

 Charles Watenphul

 t: +41 (0) 41 709 2462

 m: +41 (0) 79 904 3320

 e: charles.watenphul@glencore.com


About Glencore

Glencore Xstrata is one of the world's largest global diversified natural resource companies. As a leading
integrated producer and marketer of commodities with a well-balanced portfolio of diverse industrial
assets, we are strongly positioned to capture value at every stage of the supply chain, from sourcing
materials deep underground to delivering products to an international customer base.

The Group's industrial and marketing activities are supported by a global network of more than 90 offices
located in over 50 countries. Our diversified operations comprise over 150 mining and metallurgical sites,
offshore oil production assets, farms and agricultural facilities. We employ approximately 190,000 people,
including contractors.

SPONSOR
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Date: 05/05/2014 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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