GLENCORE PLC - GLN: Stake in Rosneft held by Glencore-QIA Consortium: Completion of Sale.

Release Date: 07/09/2018 09:57
Code(s): GLN
Wrap Text
GLN: Stake in Rosneft held by Glencore-QIA Consortium: Completion of Sale.

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

Baar, Switzerland
7 September 2018

Stake in Rosneft held by Glencore-QIA Consortium: Completion of

Glencore refers to the announcement on 4 May 2018 concerning the Consortium’s
agreement to sell a 14.16% stake in Rosneft to a wholly owned subsidiary of
This transaction has now completed.
As a result of the transaction, the Consortium arrangements have been
terminated and Glencore holds a direct equity stake in Rosneft of 0.57% and
QIA holds a direct equity stake in Rosneft of 18.93%.   The margin guarantees
provided by Glencore have been terminated.

For further information please contact:

Martin Fewings               t: +41 41 709 2880   m: +41 79 737 5642
Ash Lazenby                  t: +41 41 709 2714   m: +41 79 543 3804

Charles Watenphul            t: +41 41 709 2462   m: +41 79 904 3320

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,

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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.

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.

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

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