Glencore International Plc : Form 8.5 (EPT/NON-RI)

GoldmanSachs International

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:	(GS) GOLDMAN SACHS INTERNATIONAL
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	GLENCORE INTERNATIONAL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	XSTRATA PLC
(d) Date position held/dealing undertaken:	04 January 2013
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	YES - disclosed previously for 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:	USD 0.01 ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	16,011,373	0.22	167,487	0.00
(2) Derivatives (other than options):	0	0.00	0	0.00
(3) Options and agreements to purchase/sell:	0	0.00	11,540,000	0.16
TOTAL:	16,011,373	0.22	11,707,487	0.16

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 security	Purchase/sale	Number of securities	Price per unit
USD 0.01 ordinary	Purchase	4	3.8005 GBP
USD 0.01 ordinary	Purchase	4	3.8005 GBP
USD 0.01 ordinary	Purchase	739	3.8005 GBP
USD 0.01 ordinary	Purchase	286	3.8005 GBP
USD 0.01 ordinary	Purchase	900	3.8005 GBP
USD 0.01 ordinary	Purchase	13	3.8005 GBP
USD 0.01 ordinary	Purchase	54	3.8005 GBP
USD 0.01 ordinary	Purchase	233	3.8010 GBP
USD 0.01 ordinary	Purchase	14	3.8010 GBP
USD 0.01 ordinary	Purchase	839	3.8010 GBP
USD 0.01 ordinary	Purchase	600	3.8010 GBP
USD 0.01 ordinary	Purchase	100	3.8010 GBP
USD 0.01 ordinary	Purchase	14	3.8010 GBP
USD 0.01 ordinary	Purchase	600	3.8015 GBP
USD 0.01 ordinary	Sale	230	3.7415 GBP
USD 0.01 ordinary	Sale	370	3.7415 GBP
USD 0.01 ordinary	Sale	200	3.7415 GBP
USD 0.01 ordinary	Sale	90	3.7415 GBP
USD 0.01 ordinary	Sale	70	3.7415 GBP
USD 0.01 ordinary	Sale	320	3.7425 GBP
USD 0.01 ordinary	Sale	20	3.7430 GBP
USD 0.01 ordinary	Sale	30	3.7435 GBP
USD 0.01 ordinary	Sale	30	3.7435 GBP
USD 0.01 ordinary	Sale	20	3.7435 GBP
USD 0.01 ordinary	Sale	50	3.7440 GBP
USD 0.01 ordinary	Sale	10	3.7440 GBP
USD 0.01 ordinary	Sale	90	3.7455 GBP
USD 0.01 ordinary	Sale	30	3.7475 GBP
USD 0.01 ordinary	Sale	20	3.7475 GBP
USD 0.01 ordinary	Sale	40	3.7475 GBP
USD 0.01 ordinary	Sale	70	3.7475 GBP
USD 0.01 ordinary	Sale	90	3.7475 GBP
USD 0.01 ordinary	Sale	40	3.7475 GBP
USD 0.01 ordinary	Sale	20	3.7480 GBP
USD 0.01 ordinary	Sale	20	3.7485 GBP
USD 0.01 ordinary	Sale	40	3.7495 GBP
USD 0.01 ordinary	Sale	40	3.7500 GBP
USD 0.01 ordinary	Sale	50	3.7500 GBP
USD 0.01 ordinary	Sale	60	3.7500 GBP
USD 0.01 ordinary	Sale	40	3.7500 GBP
USD 0.01 ordinary	Sale	290	3.7500 GBP
USD 0.01 ordinary	Sale	40	3.7505 GBP
USD 0.01 ordinary	Sale	40	3.7505 GBP
USD 0.01 ordinary	Sale	20	3.7505 GBP
USD 0.01 ordinary	Sale	30	3.7505 GBP
USD 0.01 ordinary	Sale	30	3.7505 GBP
USD 0.01 ordinary	Sale	20	3.7505 GBP
USD 0.01 ordinary	Sale	20	3.7505 GBP
USD 0.01 ordinary	Sale	40	3.7505 GBP
USD 0.01 ordinary	Sale	140	3.7505 GBP
USD 0.01 ordinary	Sale	60	3.7510 GBP
USD 0.01 ordinary	Sale	120	3.7510 GBP
USD 0.01 ordinary	Sale	20	3.7510 GBP
USD 0.01 ordinary	Sale	10	3.7510 GBP
USD 0.01 ordinary	Sale	30	3.7510 GBP
USD 0.01 ordinary	Sale	10	3.7515 GBP
USD 0.01 ordinary	Sale	90	3.7515 GBP
USD 0.01 ordinary	Sale	20	3.7520 GBP
USD 0.01 ordinary	Sale	20	3.7520 GBP
USD 0.01 ordinary	Sale	40	3.7520 GBP
USD 0.01 ordinary	Sale	20	3.7525 GBP
USD 0.01 ordinary	Sale	20	3.7525 GBP
USD 0.01 ordinary	Sale	80	3.7530 GBP
USD 0.01 ordinary	Sale	560	3.7535 GBP
USD 0.01 ordinary	Sale	340	3.7535 GBP
USD 0.01 ordinary	Sale	40	3.7545 GBP
USD 0.01 ordinary	Sale	30	3.7545 GBP
USD 0.01 ordinary	Sale	30	3.7550 GBP
USD 0.01 ordinary	Sale	20	3.7550 GBP
USD 0.01 ordinary	Sale	10	3.7560 GBP
USD 0.01 ordinary	Sale	120	3.7560 GBP
USD 0.01 ordinary	Sale	20	3.7565 GBP
USD 0.01 ordinary	Sale	30	3.7565 GBP
USD 0.01 ordinary	Sale	190	3.7565 GBP
USD 0.01 ordinary	Sale	10	3.7565 GBP
USD 0.01 ordinary	Sale	218	3.7570 GBP
USD 0.01 ordinary	Sale	529	3.7570 GBP
USD 0.01 ordinary	Sale	15	3.7575 GBP
USD 0.01 ordinary	Sale	65	3.7575 GBP
USD 0.01 ordinary	Sale	20	3.7600 GBP
USD 0.01 ordinary	Sale	10	3.7600 GBP
USD 0.01 ordinary	Sale	10	3.7600 GBP
USD 0.01 ordinary	Sale	20	3.7600 GBP
USD 0.01 ordinary	Sale	30	3.7610 GBP
USD 0.01 ordinary	Sale	10	3.7610 GBP
USD 0.01 ordinary	Sale	40	3.7615 GBP
USD 0.01 ordinary	Sale	30	3.7615 GBP
USD 0.01 ordinary	Sale	10	3.7620 GBP
USD 0.01 ordinary	Sale	10	3.7645 GBP
USD 0.01 ordinary	Sale	70	3.7645 GBP
USD 0.01 ordinary	Sale	20	3.7650 GBP
USD 0.01 ordinary	Sale	40	3.7650 GBP
USD 0.01 ordinary	Sale	30	3.7650 GBP
USD 0.01 ordinary	Sale	50	3.7650 GBP
USD 0.01 ordinary	Sale	30	3.7665 GBP
USD 0.01 ordinary	Sale	20	3.7665 GBP
USD 0.01 ordinary	Sale	40	3.7665 GBP
USD 0.01 ordinary	Sale	70	3.7665 GBP
USD 0.01 ordinary	Sale	30	3.7670 GBP
USD 0.01 ordinary	Sale	20	3.7670 GBP
USD 0.01 ordinary	Sale	30	3.7680 GBP
USD 0.01 ordinary	Sale	10	3.7680 GBP
USD 0.01 ordinary	Sale	10	3.7735 GBP
USD 0.01 ordinary	Sale	40	3.7735 GBP
USD 0.01 ordinary	Sale	20	3.7740 GBP
USD 0.01 ordinary	Sale	10	3.7740 GBP
USD 0.01 ordinary	Sale	130	3.7745 GBP
USD 0.01 ordinary	Sale	210	3.7745 GBP
USD 0.01 ordinary	Sale	374	3.7750 GBP
USD 0.01 ordinary	Sale	374	3.7750 GBP
USD 0.01 ordinary	Sale	100	3.7755 GBP
USD 0.01 ordinary	Sale	40	3.7755 GBP
USD 0.01 ordinary	Sale	110	3.7755 GBP
USD 0.01 ordinary	Sale	100	3.7755 GBP
USD 0.01 ordinary	Sale	40	3.7760 GBP
USD 0.01 ordinary	Sale	30	3.7760 GBP
USD 0.01 ordinary	Sale	20	3.7760 GBP
USD 0.01 ordinary	Sale	50	3.7760 GBP
USD 0.01 ordinary	Sale	60	3.7760 GBP
USD 0.01 ordinary	Sale	50	3.7765 GBP
USD 0.01 ordinary	Sale	110	3.7765 GBP
USD 0.01 ordinary	Sale	74	3.7765 GBP
USD 0.01 ordinary	Sale	46	3.7765 GBP
USD 0.01 ordinary	Sale	80	3.7765 GBP
USD 0.01 ordinary	Sale	10	3.7770 GBP
USD 0.01 ordinary	Sale	40	3.7770 GBP
USD 0.01 ordinary	Sale	20	3.7775 GBP
USD 0.01 ordinary	Sale	60	3.7775 GBP
USD 0.01 ordinary	Sale	30	3.7775 GBP
USD 0.01 ordinary	Sale	10	3.7775 GBP
USD 0.01 ordinary	Sale	210	3.7775 GBP
USD 0.01 ordinary	Sale	360	3.7775 GBP
USD 0.01 ordinary	Sale	290	3.7780 GBP
USD 0.01 ordinary	Sale	90	3.7785 GBP
USD 0.01 ordinary	Sale	240	3.7785 GBP
USD 0.01 ordinary	Sale	130	3.7785 GBP
USD 0.01 ordinary	Sale	10	3.7790 GBP
USD 0.01 ordinary	Sale	40	3.7790 GBP
USD 0.01 ordinary	Sale	20	3.7790 GBP
USD 0.01 ordinary	Sale	60	3.7790 GBP
USD 0.01 ordinary	Sale	40	3.7795 GBP
USD 0.01 ordinary	Sale	30	3.7800 GBP
USD 0.01 ordinary	Sale	10	3.7800 GBP
USD 0.01 ordinary	Sale	10	3.7800 GBP
USD 0.01 ordinary	Sale	10	3.7800 GBP
USD 0.01 ordinary	Sale	20	3.7805 GBP
USD 0.01 ordinary	Sale	60	3.7825 GBP
USD 0.01 ordinary	Sale	70	3.7830 GBP
USD 0.01 ordinary	Sale	110	3.7835 GBP
USD 0.01 ordinary	Sale	30	3.7855 GBP
USD 0.01 ordinary	Sale	10	3.7855 GBP
USD 0.01 ordinary	Sale	80	3.7855 GBP
USD 0.01 ordinary	Sale	90	3.7865 GBP
USD 0.01 ordinary	Sale	60	3.7865 GBP
USD 0.01 ordinary	Sale	40	3.7865 GBP
USD 0.01 ordinary	Sale	70	3.7875 GBP
USD 0.01 ordinary	Sale	270	3.7875 GBP
USD 0.01 ordinary	Sale	60	3.7890 GBP
USD 0.01 ordinary	Sale	70	3.7890 GBP
USD 0.01 ordinary	Sale	20	3.7890 GBP
USD 0.01 ordinary	Sale	40	3.7895 GBP
USD 0.01 ordinary	Sale	10	3.7895 GBP
USD 0.01 ordinary	Sale	50	3.7915 GBP
USD 0.01 ordinary	Sale	10	3.7915 GBP
USD 0.01 ordinary	Sale	20	3.7925 GBP
USD 0.01 ordinary	Sale	40	3.7925 GBP
USD 0.01 ordinary	Sale	170	3.7925 GBP
USD 0.01 ordinary	Sale	60	3.7925 GBP
USD 0.01 ordinary	Sale	10	3.7930 GBP
USD 0.01 ordinary	Sale	140	3.7930 GBP
USD 0.01 ordinary	Sale	20	3.7930 GBP
USD 0.01 ordinary	Sale	40	3.7930 GBP
USD 0.01 ordinary	Sale	20	3.7980 GBP
USD 0.01 ordinary	Sale	10	3.7990 GBP
USD 0.01 ordinary	Sale	100	3.7995 GBP
USD 0.01 ordinary	Sale	400	3.7995 GBP
USD 0.01 ordinary	Sale	200	3.7995 GBP
USD 0.01 ordinary	Sale	300	3.8000 GBP
USD 0.01 ordinary	Sale	280	3.8005 GBP
USD 0.01 ordinary	Sale	300	3.8005 GBP
USD 0.01 ordinary	Sale	10	3.8010 GBP
USD 0.01 ordinary	Sale	30	3.8010 GBP
USD 0.01 ordinary	Sale	73	3.8010 GBP
USD 0.01 ordinary	Sale	500	3.8010 GBP
USD 0.01 ordinary	Sale	1,094	3.8015 GBP
USD 0.01 ordinary	Sale	20	3.8015 GBP
USD 0.01 ordinary	Sale	300	3.8015 GBP
USD 0.01 ordinary	Sale	100	3.8015 GBP
USD 0.01 ordinary	Sale	126	3.8015 GBP
USD 0.01 ordinary	Sale	10	3.8015 GBP
USD 0.01 ordinary	Sale	700	3.8015 GBP
USD 0.01 ordinary	Sale	84	3.8015 GBP
USD 0.01 ordinary	Sale	374	3.8015 GBP
USD 0.01 ordinary	Sale	500	3.8015 GBP
USD 0.01 ordinary	Sale	500	3.8015 GBP
USD 0.01 ordinary	Sale	10	3.8015 GBP
USD 0.01 ordinary	Sale	500	3.8015 GBP
USD 0.01 ordinary	Sale	100	3.8020 GBP
USD 0.01 ordinary	Sale	300	3.8020 GBP
USD 0.01 ordinary	Sale	500	3.8020 GBP
USD 0.01 ordinary	Sale	10	3.8020 GBP
USD 0.01 ordinary	Sale	20	3.8020 GBP
USD 0.01 ordinary	Sale	10	3.8025 GBP
USD 0.01 ordinary	Sale	100	3.8030 GBP
USD 0.01 ordinary	Sale	110	3.8050 GBP
USD 0.01 ordinary	Sale	370	3.8050 GBP

Class of relevant security	Purchases/sales	Total number of securities
USD 0.01 ordinary	Purchases	4,400
USD 0.01 ordinary	Sales	19,706

(b)        Derivatives transactions (other than options)

Class of relevant security

Product description e.g. CFD

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(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?

YES

Date of disclosure:	07 January 2013
Contact name:	Audrey Malone and Darren Adam
Telephone number:	[phone] / [phone]

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 [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

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

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Identity of person whose open positions are being disclosed:	(GS) GOLDMAN, SACHS INTERNATIONAL
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	GLENCORE INTERNATIONAL PLC

2.         OPTIONS AND DERIVATIVES

Class of relevant security	Product description e.g. call option*	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
USD 0.01 ordinary	Call Option	Selling	570,000	3.9500 GBP	EUROPEAN	10/01/2013
USD 0.01 ordinary	Call Option	Selling	600,000	3.9500 GBP	EUROPEAN	10/01/2013
USD 0.01 ordinary	Call Option	Selling	1,200,000	3.9500 GBP	EUROPEAN	10/01/2013
USD 0.01 ordinary	Call Option	Selling	400,000	3.7500 GBP	EUROPEAN	18/01/2013
USD 0.01 ordinary	Call Option	Selling	1,000,000	3.8000 GBP	EUROPEAN	26/02/2013
USD 0.01 ordinary	Call Option	Selling	400,000	3.8000 GBP	EUROPEAN	26/02/2013
USD 0.01 ordinary	Call Option	Selling	600,000	3.8000 GBP	EUROPEAN	26/02/2013
USD 0.01 ordinary	Call Option	Selling	570,000	3.8000 GBP	EUROPEAN	26/02/2013
USD 0.01 ordinary	Call Option	Selling	600,000	3.7000 GBP	EUROPEAN	15/02/2013
USD 0.01 ordinary	Call Option	Selling	1,200,000	3.7000 GBP	EUROPEAN	15/02/2013
USD 0.01 ordinary	Call Option	Selling	400,000	3.7000 GBP	EUROPEAN	15/02/2013
USD 0.01 ordinary	Call Option	Selling	800,000	3.7000 GBP	EUROPEAN	15/02/2013
USD 0.01 ordinary	Call Option	Selling	800,000	3.8500 GBP	EUROPEAN	20/03/2013
USD 0.01 ordinary	Call Option	Selling	800,000	3.8500 GBP	EUROPEAN	20/03/2013
USD 0.01 ordinary	Call Option	Selling	400,000	3.8500 GBP	EUROPEAN	20/03/2013
USD 0.01 ordinary	Call Option	Selling	1,200,000	3.8500 GBP	EUROPEAN	20/03/2013

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

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

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website

This information is provided by RNS

The company news service from the London Stock Exchange

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