GLN - Share Buyback Programme 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 24 December, 2014 Share buy-back programme Glencore plc (the “Company”) has entered into an irrevocable agreement with Citigroup Global Markets Limited (“Citi”) to continue its share buy-back programme next year to repurchase on its behalf ordinary shares of the Company (the “Shares”) to be held in treasury, subject to a maximum aggregate consideration of GBP120 million. This agreement is for the period commencing on 2 January 2015 and ending not later than 24 March 2015. Any buy-back of the Shares pursuant to the agreement will be effected in accordance with Chapter 12 of the UKLA Listing Rules and the Company’s general authority by shareholders to repurchase shares. Existing arrangements concerning the buy-back programme will continue during 2014. Citi may undertake transactions in the Shares (which may include sales as well as purchases and may include participation in block purchases) in order to meet its obligations pursuant to this agreement. 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) Date: 24/12/2014 09:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.