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GLENCORE PLC - GLN - Sale of Glencore Stake in Sagittarius Mines Inc and Tampakan Project

Release Date: 24/06/2015 09:30
Code(s): GLN     PDF:  
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GLN - Sale of Glencore Stake in Sagittarius Mines Inc and Tampakan Project

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 June, 2015

Sale of Glencore Stake in Sagittarius Mines Inc and Tampakan Project
Following Glencore plc’s (“Glencore”) disposal of its shares in Indophil Resources NL (“Indophil”), a subsidiary of
Glencore today executed a share sale agreement ("SSA") with an affiliate of Indophil for the sale of its entire
remaining interest in the Tampakan Project in the Philippines (“Tampakan”).

The SSA includes a number of conditions precedent that are required to be obtained prior to 30 June 2015
(subject to mutual agreement to extend such date). Details of the sale will be made available following certain
administrative steps after the completion date. Glencore will provide a further update when the transaction
outlined by the SSA is completed.

In January 2015, a subsidiary of Glencore disposed of its shares in Indophil Resources NL (which holds a 37.5%
interest in the Class A shares of Sagittarius Mines Inc. and is the owner of Tampakan) to Alsons Prime
Investments Corporation pursuant to a scheme of arrangement in Australia.

For further information please contact:

Investor:
Martin Fewings                          Elisa Morniroli
t: +41 (0) 41 709 2880                  t: +41 (0) 41 709 2818
m: +41 (0) 79 737 5642                  m: +41 (0) 79 833 0508
e: martin.fewings@glencore.com          e: elisa.morniroli@glencore.com

Media:
Charles Watenphul                       Pam Bell
t: +41 (0) 41 709 2462                  t: +44 (0) 207 412 3471
m: +41 (0) 79 904 3320                  m: +44 7730 319 806
e: charles.watenphul@glencore.com       e: pam.bell@glencore.co.uk

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)

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