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GLN - Notification of distribution currency exchange rates (South African Rand) Final distribution YE 31 Dec 2014
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
(“Glencore”)
BAAR, SWITZERLAND 10 APRIL 2015
NOTICE OF DISTRIBUTION CURRENCY EXCHANGE RATES (SOUTH AFRICAN RAND) - FINAL
DISTRIBUTION FOR THE YEAR ENDED 31 DECEMBER 2014
In Glencore’s preliminary results announcement released on the Stock Exchange News Service of the
JSE Limited on 3 March 2015, the board of directors proposed a final distribution of US$0.12 per ordinary
share, subject to the approval by its shareholders at the annual general meeting to be held on
7 May 2015.
The currency exchange rate applicable for the distribution payable to shareholders on the Glencore plc
South African branch register has been determined by reference to the close of business exchange rate
applicable to the South African Rand on Thursday 9 April 2015. This rate is as follows:
Distribution of US$0.12 per Distribution per ordinary
ordinary Glencore share Exchange Rate Glencore share in South African Rand
South African Rand 11.8963 1.427556
Dematerialisation and rematerialisation of registered share certificates in South Africa may not be
effected during the period from Monday 20 April to Friday 24 April 2015, both days inclusive, nor will
transfers between the Jersey register and the South African register be permitted between Monday,
20 April and Friday, 24 April 2015, both dates inclusive.
If approved by Glencore shareholders, the distribution will be paid on Thursday, 21 May 2015.
Additional information for South African shareholders
Following the introduction of Dividend Tax in South Africa, the JSE Listing Requirements were amended
with effect from 1 April 2012 to require the disclosure of additional information in relation to the distribution
payment. The purpose of this note is to provide that additional information.
1. Dividend Tax will be withheld from the amount of the gross final distribution of 1.427556 South
African Rand per ordinary share paid to shareholders on the South African branch register at the
rate of 15 per cent, unless a shareholder qualifies for an exemption.
2. After the Dividend Tax has been withheld, the net distribution will be 1.2134226 South African
Rand per ordinary share.
3. Glencore had a total of 13,278,405,466 ordinary shares in issue at the distribution declaration
date of 3 March 2015.
4. With specific reference to South Africa, Glencore, as a non-resident, was not subject to the
secondary tax on companies (STC) regime which used to be applicable and therefore no STC
credits are available for set-off against the Dividend Tax liability on the final distribution. The
distribution will be paid out of Glencore’s capital reserves.
5. For the avoidance of doubt, Dividend Tax, and therefore the information provided in this
announcement, is of only direct application to shareholders on the South African branch register.
Shareholders on the South African branch register who are in any doubt as to their tax position should
seek independent professional advice.
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
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
Sustainability:
Michael Fahrbach
t: +41 (0) 41 709 2571
m: +41 (0) 79 908 9460
e: michael.fahrbach@glencore.com
www.glencore.com
www.youtube.com/glencorevideos
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 181,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the
International Council on Mining and Metals. We are an active participant in the Extractive Industries
Transparency Initiative.
SPONSOR
Absa Bank Limited (acting through its Corporate and Investment Banking Division)
Date: 10/04/2015 01:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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