GLENCORE PLC - Glencore announces refinancing of its Short-Term Revolving Credit Facilities

Glencore announces refinancing of its Short-Term Revolving Credit Facilities

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
29 March 2018

       Glencore announces refinancing of its Short-Term
                 Revolving Credit Facilities

Glencore plc ("Glencore") is pleased to announce the refinancing of its
short-term revolving credit facilities (the "Facilities") effective 24th May
2018.

The Facilities were initially launched at USD 6 billion and closed
substantially oversubscribed, raising USD 9.7 billion, reflecting strong
support from Glencore’s broad group of relationship banks.

Due to the stronger commodity price environment, Glencore has increased the
size of the Facilities to USD 9.085 billion. A total of 58 banks committed to
the Facilities, including 31 Mandated Lead Arrangers and Bookrunners.

The Facilities refinance Glencore’s existing USD 7.335 billion short term
revolving credit facilities signed in May 2017.

In line with the current facilities, the new Facilities remain unsecured,
containing a 12-month extension option and 12-month borrower’s term-out
option, thereby extending the final maturity to May 2020. There are no
financial covenants in the Facilities documentation.

BNP Paribas, HSBC Bank plc, The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member
of the Mitsubishi UFJ Financial Group and Santander UK plc were the Active
Bookrunners in the syndication of the Facilities.

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

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

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 146,000 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:
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       www.instagram.com/glencoreplc
       www.linkedin.com/company/8518
       www.slideshare.net/glencore
       www.twitter.com/glencore
       www.youtube.com/glencorevideos

Disclaimer

The companies in which Glencore plc directly and indirectly has an interest are separate and
distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for
convenience only where references are made to Glencore plc and its subsidiaries in general. These
collective expressions are used for ease of reference only and do not imply any other
relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to
refer collectively to members of the Group or to those who work for them. These expressions are
also used where no useful purpose is served by identifying the particular company or companies.

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

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