To view the PDF file, sign up for a MySharenet subscription.

GLENCORE PLC - GLN - Stake in Rosneft held by Glencore-QIA Consortium

Release Date: 08/09/2017 13:57
Code(s): GLN     PDF:  
Wrap Text
GLN - Stake in Rosneft held by Glencore-QIA Consortium

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
8 September 2017

Stake in Rosneft held by Glencore-QIA Consortium

The consortium (the Consortium) controlled by Glencore and Qatar Investment Authority has
concluded an agreement with CEFC China Energy Company Limited (CEFC) regarding a
transaction in terms of which the Consortium would dispose of a 14.16% stake in Rosneft Oil
Company (Rosneft) to CEFC (the Shares) at a premium of approximately 16% to the 30 day
volume weighted average price of Rosneft shares on 8 September 2017.

The transaction is conditional on the Consortium electing to proceed following the completion of
final negotiations and on receipt by CEFC of all necessary regulatory approvals.

Following the transaction, Glencore and QIA would retain an economic interest in Rosneft
shares commensurate with their original equity investment announced in December 2016,
which amounts to approximately 0.5% and 4.7% respectively.

A further announcement will be made in due course.

For further information please contact:

Investors
Martin Fewings               t: +41 41 709 2880     m: +41 79 737 5642      martin.fewings@glencore.com
Ash Lazenby                  t: +41 41 709 2714     m: +41 79 543 3804      ash.lazenby@glencore.com

Media
Charles Watenphul            t: +41 41 709 2462     m: +41 79 904 3320      charles.watenphul@glencore.com

www.glencore.com

Notes for Editors

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 around 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 sectors. We also provide financing, logistics and other services to
producers and consumers of commodities. Glencore's companies employ around 155,000 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.

Follow us on social media:
        www.facebook.com/Glencore
        www.flickr.com/photos/glencore
        www.instagram.com/glencoreplc
        www.linkedin.com/company/8518
        www.slideshare.net/glencore
        www.twitter.com/glencore
        www.youtube.com/glencorevideos

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Date: 08/09/2017 01:57:00 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.

Share This Story