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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
Baar, Switzerland
24 November 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 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 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]: 21 November 2014
6. Date on which issuer notified: 24 November 2014
7. Threshold(s) that is/are crossed or reached [vi, vii]: 9% (downwards)
8. Notified details:
A: Voting rights attached to shares [viii, ix]
Class/type of shares Situation previous Resulting situation after the triggering transaction:
if possible using the ISIN CODE to the triggering transaction:
Number of Number of Number Number of voting % of voting rights [x]
Shares Voting Rights of shares rights
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 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 price Expiration date [xvii] Exercise/ Number of voting rights % of voting rights
instrument Conversion period [xviii] instrument refers to [xix, xx]
Options on N/A Dates starting 27 May 2015 N/A 9,301,065 Nominal Delta
ordinary shares and ending 14 Dec 2015 (after delta adjustment) See section 13 0.071%
Total (A+B+C)
Number of voting rights Percentage of voting rights
1,185,498,039 8.996%
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 on 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 13,177,255,391 as set out
in the public announcement made by Glencore Plc on 21 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
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 Finsbury
t: +41 (0) 41 709 2462 Guy Lamming / Dorothy Burwell
m: +41 (0) 79 904 3320 t: +44 (0) 20 7251 3801
e: charles.watenphul@glencore.com
Company secretarial:
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
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 of 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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