GLENCORE PLC - Clarification announcement

Clarification announcement

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
13 March 2015

OAO Russneft restructuring-clarification

Glencore plc refers to the Russian channel 24 television interview on 11 March 2015 with Mikhail
Gutseriev, Chairman of Russneft. In this interview Mr Gutseriev referred to an agreement to issue shares
in Russneft to Glencore.

The Glencore group holds large minority interests in production subsidiaries of Russneft. Glencore
confirms that it has agreed to a share exchange whereby Glencore would exchange these minority
interests for a 49% shareholding in Russneft's holding company.

Completion of this share-for-share exchange remains outstanding.

Also, contrary to certain media reports, no conversion has taken place of any of Russneft’s outstanding
loan commitments to Glencore.


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


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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