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GLENCORE PLC - GLN - Notification of major interest in shares

Release Date: 22/07/2014 08:01
Code(s): GLN     PDF:  
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GLN - Notification of major interest in shares

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

22 July 2014

For filings with the FCA include the annex
For filings with issuer exclude the annex
                                                              
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)


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

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     Yes

   An event changing the breakdown of voting rights                                                               No

   Other (please specify):                                                                                        No

3. Full name of person(s) subject to the                  Qatar Holding LLC  
   notification obligation: (iii)                         Qatar Investment Authority (as parent undertaking only)

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

5. Date of the transaction and date on
   which the threshold is crossed or reached: (v)         17 July 2014
       
6. Date on which issuer notified:                         21 July 2014

7. Threshold(s) that is/are crossed or                    9% (downwards)
   reached: (vi, vii)

8. Notified details:
                                      
A: Voting rights attached to shares (viii, ix)
Class/type of          Situation previous          Resulting situation after the triggering transaction
shares                 to the triggering
                       transaction
                                                                                                                              
if possible using      Number         Number       Number          Number of voting                  % of voting rights (x)
the ISIN CODE          of             of           of shares       rights
                       Shares         Voting                             
                                      Rights       Direct          Direct(xi)      Indirect (xii)   Direct       Indirect
                                      
USD 0.01 Ordinary
Shares
JE00B4T3BW64           N/A            N/A          1,170,930,474   1,170,930,474   N/A              8.818%       N/A
                                                                   
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial      Expiration     Exercise/                    Number of voting                 % of voting
instrument             date(xiii)     Conversion Period (xiv)      rights that may be               rights
                                                                   acquired if the
                                                                   instrument is
                                                                   exercised/ converted
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      Exercise     Expiration          Exercise/       Number of voting rights        % of voting rights (xix,xx)
instrument             price        date (xvii)         Conversion      instrument refers to
                                                        per
                                                        (xviii)
Options on ordinary    N/A          Dates               N/A             10,143,792                     Nominal       Delta
shares                              starting 21                        (after delta adjustment)        See           0.076%
                                    Oct 2014                                                           section 13    
                                    and ending                                                 
                                    27 May 2015                                                                         
                                                                                                                                             
Total (A+B+C)
Number of voting rights                                    Percentage of voting rights
1,181,074,266                                              8.895%

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 100,695,000. 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”)
                                    isclosure and Transparency Rules (the “DTRs”).

                                    As required under the FCA DTRs, this notification has
                                    been prepared using the total voting rights figure
                                    of 13,278,405,466 as set out in the public announcement
                                    made by Glencore Plc on 02 January 2014.

14. Contact name:                   Mr. Ahmad Al-Sayed, Managing Director & CEO of Qatar Holding LLC

15. Contact telephone number:       +974.4499.5806

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

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