million zero coupon non-dilutive cash settled guaranteed convertible bonds No prospectus, offering circular or similar document will be. Settled Guaranteed Convertible Bonds due issued by This announcement is not a prospectus and has been made for information. European Economic Area which has implemented the Prospectus marketable securities and net debt as net funding less readily that in management’s assessment, are readily convertible into cash in the short term.

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This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, any securities referred to herein to any person in the United States, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The Bonds will be offered via an accelerated book building process through a private placement to institutional investors only, outside the United States, Australia, Canada, Japan, South Africa or any other jurisdiction in which offers or sales of the Bonds would be prohibited by applicable law.

The initial conversion ratio of the Bonds will correspond to the nominal value per Bond converted into sterling and divided by the initial conversion price. None of the Issuer, the Guarantors, or the Managers make any representation as to i the suitability of the Securities for any particular investor, ii the appropriate accounting treatment and potential tax consequences of investing in the Securities or iii the future performance of the Securities either in absolute terms or relative to competing investments.

The target market assessment is without prejudice to the requirements of any contractual or legal selling restrictions in relation to any offering of the New Bonds.

It was founded by Marc Rich, the one-time fugitive pardoned by U. Disclaimer This announcement is not a prospectus and has been made for information purposes only and shall not constitute, or be relied upon in connection with, an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Investors Martin Fewings t: Download the pdf For further information please contact: Persons into whose possession this announcement comes are required by the Issuer, the Guarantors, and the Managers to inform themselves about, and to observe, any such restrictions.

Glencore’s companies employ aroundpeople, including contractors. They will not regard any other person as their respective clients in relation to the Securities referred to herein and will not be responsible to anyone other than the Issuer for providing the protections afforded to their respective clients, nor for providing advice in relation to such securities, the contents of this announcement or any transaction, arrangement or other matter referred prospecctus herein.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction.

None of the Issuer, the Guarantors, or the Managers make any representation as to i the suitability of the securities for any particular investor, ii the appropriate accounting treatment and potential tax consequences of investing in the securities or iii the future performance of the securities either in absolute terms or relative to competing investments. Neil Beddall, a credit analyst at Barclays Capital, said the proceeds would likely serve partly to buy back the Prodeco coal operations in Colombia that Glencore sold to Pospectus earlier this year.

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With a strong footprint in both established and emerging regions for natural resources, Glencor industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.

No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

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The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area “EEA”. Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors.

Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Morgan Securities plc as Joint Bookrunners. Persons into whose possession this announcement comes are required by the Issuer, the Guarantors, and the Managers to inform themselves about, and to observe, any such restrictions.

We also provide financing, logistics and other services to producers and consumers of commodities. But EBITDA is down more than half for the nine months to end-September, hit by a halving in commodities prices versusthe results show.

However, a person familiar with the matter said the terms were negotiated earlier in the year, and a subsequent run-up in equity and commodity markets meant any listing could place a substantially higher value on Glencore, yielding big windfalls for the investors. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Each of the Issuer, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in glencroe announcement, whether as a result of new information, future developments or otherwise.

Glencore moves nearer to IPO with $ billion bond sale | Reuters

As conversion rights in respect of the Bonds will be cash-settled only, the issue and conversion of the Bonds will not result in the issuance of any new shares, or the delivery of existing shares, of Glencore or any other group company.

Solely for the purposes of the product governance requirements contained within: 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. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged glencire only with Relevant Persons. This announcement is not for publication or distribution, directly or indirectly, in or into the United States, or for the account or benefit of U.

The information contained in this announcement glencode subject to change in its entirety without notice up to the closing date. Forward-looking statements may and often do differ materially from actual results. Disclaimer The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. Pursuant to and in ylencore with the Conditions, Glencore hereby notifies the holders of the Bonds of the following determinations and calculations: This announcement may include statements that are, bobd may be deemed to be, “forward-looking statements”.

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Prospcetus information contained in this announcement is subject to change in its entirety without notice up to the closing date.

The offer and sale of the securities referred to herein have not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan. They do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.

We are an active participant in the Extractive Industries Transparency Initiative. It would also play into a warming global market for listings as investors recover their appetite for risk.

These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. This announcement may include statements that are, or may be deemed to be, “forward-looking statements”. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction.

No prospectus, offering circular or similar document will be prepared in respect of the offering of the New Bonds. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness bohd completeness. An additional application will be made for the New Bonds to be admitted to trading on the Open Market Freiverkehr segment of the Frankfurt Stock Exchange and such admission convertiblle trading is expected no later than 41 days after the Issue Date of the New Bonds.

Quentin WebbSam Cage. In the context of the offering, Glencore and the Issuer will agree to a lock-up undertaking in relation to its Shares and equity-linked securities for a period ending 90 calendar days after the date hereof, subject to certain exceptions and waiver by the Sole Global Coordinator. Morgan Securities plc, each of which are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, are acting exclusively for the Issuer and the Guarantors and no one else in connection with the securities referred to herein.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, any securities referred to herein to any person in the United States, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

President Bill Clinton inbut he sold out to management. Any forward-looking statements reflect the Issuer’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions. Persons into whose possession this announcement comes are required by the Issuer, the Guarantors, and the Managers to inform themselves about, and to observe, any such restrictions.