FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader: BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose GLENCORE INTL PLC
relevant securities this form relates:
(c) Name of the party to the offer with which exempt Advisor to Offeree
principal trader is connected
(d) Date position held/dealing undertaken: 3 January 2013
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect
of any other party to this offer? XSTRATA PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security: ORD
Interests Short Positions
Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,109,607 0.06% 40,192,965 0.57%
(2) Derivatives (other than
options): 39,608,722 0.56% 2,566,686 0.04%
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
(4) TOTAL:
43,718,329 0.62% 42,759,651 0.60%
Class of relevant security: Convertible Bond XS0475310396
Interests Short Positions
Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,200,000 0.14% 0 0.00%
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
(4) TOTAL:
3,200,000 0.14% 0 0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant Purchase/sale Number of Price per unit
security securities
ORD Purchase 230 3.7590 GBP
ORD Purchase 400 47.0000 HKD
ORD Purchase 400 47.2500 HKD
ORD Purchase 1,000 47.1000 HKD
ORD Purchase 1,200 46.7500 HKD
ORD Purchase 1,400 46.6500 HKD
ORD Purchase 1,400 46.9000 HKD
ORD Purchase 2,100 3.7695 GBP
ORD Purchase 2,199 3.7617 GBP
ORD Purchase 2,421 3.7780 GBP
ORD Purchase 2,600 47.3500 HKD
ORD Purchase 3,100 46.6000 HKD
ORD Purchase 3,723 3.7708 GBP
ORD Purchase 3,947 3.7691 GBP
ORD Purchase 5,000 47.5500 HKD
ORD Purchase 5,300 46.8000 HKD
ORD Purchase 10,000 47.3000 HKD
ORD Purchase 12,701 3.7652 GBP
ORD Purchase 18,700 47.4000 HKD
ORD Purchase 20,453 3.7724 GBP
ORD Purchase 21,300 46.7000 HKD
ORD Purchase 25,381 3.7741 GBP
ORD Purchase 94,659 3.7735 GBP
ORD Purchase 97,650 3.7734 GBP
ORD Purchase 233,955 3.7676 GBP
ORD Purchase 610,000 3.7541 GBP
ORD Sale 230 3.7591 GBP
ORD Sale 500 46.8000 HKD
ORD Sale 600 46.9000 HKD
ORD Sale 800 46.9500 HKD
ORD Sale 2,199 3.7617 GBP
ORD Sale 2,421 3.7780 GBP
ORD Sale 4,477 3.7750 GBP
ORD Sale 5,246 3.7756 GBP
ORD Sale 21,231 3.7711 GBP
ORD Sale 23,858 3.7608 GBP
ORD Sale 33,989 3.7696 GBP
ORD Sale 55,900 47.1597 HKD
ORD Sale 75,456 3.7599 GBP
ORD Sale 103,096 3.7761 GBP
ORD Sale 201,335 3.7709 GBP
ORD Sale 352,884 3.7590 GBP
ORD Sale 566,300 3.7623 GBP
ORD (traded as ADR) Purchase 3,200 12.0575 USD
ORD (traded as ADR) Sale 3,200 12.0575 USD

(b) Derivatives transactions (other than options)

Class of Product Nature of dealing Number of Price per
relevant description reference unit
security securities
ORD CFD Long 1,900 46.8349 HKD
ORD CFD Long 5,208 3.7620 GBP
ORD SWAP Long 5,551 3.7751 GBP
ORD CFD Long 15,900 3.7596 GBP
ORD CFD Long 59,794 3.7650 GBP
ORD CFD Long 75,000 3.7691 GBP
ORD CFD Long 103,096 3.7761 GBP
ORD CFD Long 105,698 3.7655 GBP
ORD CFD Long 206,692 3.7642 GBP
ORD CFD Short 1,645 3.7606 GBP
ORD CFD Short 15,900 46.7913 HKD
ORD CFD Short 20,826 3.7682 GBP
ORD CFD Short 59,794 3.7650 GBP
ORD CFD Short 233,955 3.7676 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type

e.g. American, European etc.

Expiry date Option money paid/ received per unit

(ii) Exercising

Class of relevant security Product description

e.g. call option

Number of securities Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security Nature of dealing

e.g. subscription, conversion

Details Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached? NO
Date of disclosure:

4 Jan 2013

Contact name: Geoff Smith
Telephone number: 020 3555 4632

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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