GLENCORE PLC - GLN: Designation Of Rusal And EN+ As Specially Designated Nationals.

GLN: Designation Of Rusal And EN+ As Specially Designated Nationals.

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

10 April, 2018

         Designation of Rusal and EN+ as Specially Designated Nationals

Glencore notes the designation of United Company Rusal Plc (“Rusal”) and EN+ Group Plc (“EN+”) as
Specially Designated Nationals (“SDNs”) by the United States Government.

Glencore has various contracts with Rusal for the purchase of aluminium and alumina.

Glencore is committed to complying with all applicable sanctions in its business and is taking all
necessary measures in order to mitigate any risks to Glencore’s business as result of the designation of
Rusal and EN+ as SDNs, including in respect of secondary sanctions.

Mr. Glasenberg has resigned from his position as a director of Rusal.

Glencore is still evaluating the position under its contracts with Rusal, but notes that these contracts are
not financially material to Glencore.

Glencore has previously signed a non-binding term sheet with EN+ regarding swapping its shares in
Rusal for Global Depositary Receipts in EN+ (the “Transaction”). Glencore will not proceed with the
Transaction at this time in light of the designation of Rusal and EN+ as SDNs.


For further information please contact:

Media
Charles Watenphul            t: +41 41 709 24 62   m: +41 79 904 33 20   charles.watenphul@glencore.com
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




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.

Follow us on social media:

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.

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

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 Bank Division)

Date: 10/04/2018 09:33:00 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.