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GLENCORE PLC - GLN - Response to press speculation - Rio Tinto plc

Release Date: 07/10/2014 16:25
Code(s): GLN     PDF:  
Wrap Text
GLN - Response to press speculation - Rio Tinto plc

GLENCORE 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

Baar, Switzerland
7 October 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD BE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Glencore plc ("Glencore") response to press speculation - Rio Tinto plc ("Rio Tinto")
Glencore notes the recent press speculation regarding a possible merger between Glencore and Rio
Tinto.

Glencore announces that in July 2014 it made an informal enquiry by telephone call to Rio Tinto,
seeking to gauge whether there might be any interest at Rio Tinto in investigating some form of
merger between the two companies. Rio Tinto responded that it was not interested in pursuing these
discussions.

Glencore confirms that it is no longer actively considering any possible merger transaction with, or
offer for the shares of, Rio Tinto.

As a consequence of this announcement, the Panel Executive has determined that Glencore is for a
period of 6 months from the date of this announcement subject to Rule 2.8 of the City Code on
Takeovers and Mergers in relation to Rio Tinto. Glencore however reserves its rights to make an
offer in the future with the consent of the Takeover Panel, either with the recommendation of the
Board of Rio Tinto, in the event of a third party offer for Rio Tinto, or in the event of a material
change in circumstances.

For further information please contact:

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

www.glencore.com

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer
and marketer of more than 90 commodities. The Group's operations comprise over 150 mining and
metallurgical sites, oil production assets and agricultural facilities.

With a strong footprint in both established and emerging regions for natural resources, Glencore's
industrial and marketing activities are supported by a global network of more than 90 offices located in
over 50 countries.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation,
oil and food processing. We also provide financing, logistics and other services to producers and
consumers of commodities. Glencore's companies employ around 200,000 people, including contractors.

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

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