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:	17 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:	16,008,475	0.22	257,804	0.00
(2) Derivatives (other than options):	0	0.00	0	0.00
(3) Options and agreements to purchase/sell:	0	0.00	9,170,000	0.12
TOTAL:	16,008,475	0.22	9,427,804	0.13

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	717	3.7865 GBP
USD 0.01 ordinary	Purchase	726	3.7865 GBP
USD 0.01 ordinary	Purchase	1,700	3.7865 GBP
USD 0.01 ordinary	Purchase	257	3.7865 GBP
USD 0.01 ordinary	Purchase	800	3.7865 GBP
USD 0.01 ordinary	Purchase	900	3.7865 GBP
USD 0.01 ordinary	Purchase	900	3.7870 GBP
USD 0.01 ordinary	Purchase	800	3.7870 GBP
USD 0.01 ordinary	Purchase	1,700	3.7870 GBP
USD 0.01 ordinary	Purchase	1,700	3.7870 GBP
USD 0.01 ordinary	Purchase	100	3.7870 GBP
USD 0.01 ordinary	Purchase	100	3.7870 GBP
USD 0.01 ordinary	Purchase	100	3.7870 GBP
USD 0.01 ordinary	Purchase	800	3.7870 GBP
USD 0.01 ordinary	Purchase	800	3.7875 GBP
USD 0.01 ordinary	Purchase	500	3.7875 GBP
USD 0.01 ordinary	Purchase	563	3.7875 GBP
USD 0.01 ordinary	Purchase	100	3.7875 GBP
USD 0.01 ordinary	Purchase	1,700	3.7875 GBP
USD 0.01 ordinary	Purchase	98	3.7875 GBP
USD 0.01 ordinary	Purchase	237	3.7875 GBP
USD 0.01 ordinary	Purchase	1,700	3.7875 GBP
USD 0.01 ordinary	Purchase	100	3.7875 GBP
USD 0.01 ordinary	Purchase	100	3.7875 GBP
USD 0.01 ordinary	Purchase	2	3.7875 GBP
USD 0.01 ordinary	Purchase	338	3.7880 GBP
USD 0.01 ordinary	Purchase	800	3.7880 GBP
USD 0.01 ordinary	Purchase	732	3.7880 GBP
USD 0.01 ordinary	Purchase	1,700	3.7880 GBP
USD 0.01 ordinary	Purchase	800	3.7880 GBP
USD 0.01 ordinary	Purchase	120	3.7880 GBP
USD 0.01 ordinary	Purchase	100	3.7880 GBP
USD 0.01 ordinary	Purchase	680	3.7880 GBP
USD 0.01 ordinary	Purchase	1,062	3.7880 GBP
USD 0.01 ordinary	Purchase	400	3.7880 GBP
USD 0.01 ordinary	Purchase	330	3.7880 GBP
USD 0.01 ordinary	Purchase	638	3.7880 GBP
USD 0.01 ordinary	Purchase	710	3.7880 GBP
USD 0.01 ordinary	Purchase	900	3.7885 GBP
USD 0.01 ordinary	Purchase	850	3.7885 GBP
USD 0.01 ordinary	Purchase	1	3.7885 GBP
USD 0.01 ordinary	Purchase	800	3.7885 GBP
USD 0.01 ordinary	Purchase	200	3.7885 GBP
USD 0.01 ordinary	Purchase	306	3.7885 GBP
USD 0.01 ordinary	Purchase	425	3.7885 GBP
USD 0.01 ordinary	Purchase	332	3.7885 GBP
USD 0.01 ordinary	Purchase	798	3.7885 GBP
USD 0.01 ordinary	Purchase	499	3.7885 GBP
USD 0.01 ordinary	Purchase	119	3.7885 GBP
USD 0.01 ordinary	Purchase	100	3.7890 GBP
USD 0.01 ordinary	Purchase	200	3.7890 GBP
USD 0.01 ordinary	Purchase	500	3.7890 GBP
USD 0.01 ordinary	Purchase	562	3.7890 GBP
USD 0.01 ordinary	Purchase	400	3.7890 GBP
USD 0.01 ordinary	Purchase	500	3.7890 GBP
USD 0.01 ordinary	Purchase	200	3.7895 GBP
USD 0.01 ordinary	Purchase	100	3.7895 GBP
USD 0.01 ordinary	Purchase	500	3.7895 GBP
USD 0.01 ordinary	Purchase	200	3.7895 GBP
USD 0.01 ordinary	Purchase	200	3.7895 GBP
USD 0.01 ordinary	Purchase	425	3.7895 GBP
USD 0.01 ordinary	Purchase	800	3.7900 GBP
USD 0.01 ordinary	Purchase	200	3.7900 GBP
USD 0.01 ordinary	Purchase	800	3.7900 GBP
USD 0.01 ordinary	Purchase	200	3.7905 GBP
USD 0.01 ordinary	Sale	1,288	3.7125 GBP
USD 0.01 ordinary	Sale	525	3.7365 GBP
USD 0.01 ordinary	Sale	1,161	3.7420 GBP
USD 0.01 ordinary	Sale	85	3.7605 GBP
USD 0.01 ordinary	Sale	1,400	3.7605 GBP
USD 0.01 ordinary	Sale	743	3.7770 GBP
USD 0.01 ordinary	Sale	1,560	3.7853 GBP
USD 0.01 ordinary	Sale	266	3.7895 GBP
USD 0.01 ordinary	Sale	453	3.7895 GBP
USD 0.01 ordinary	Sale	1,700	3.7895 GBP
USD 0.01 ordinary	Sale	637	3.7895 GBP
USD 0.01 ordinary	Sale	273	3.7895 GBP
USD 0.01 ordinary	Sale	1,427	3.7895 GBP
USD 0.01 ordinary	Sale	100	3.7895 GBP
USD 0.01 ordinary	Sale	163	3.7895 GBP
USD 0.01 ordinary	Sale	500	3.7900 GBP
USD 0.01 ordinary	Sale	1,700	3.7900 GBP
USD 0.01 ordinary	Sale	356	3.7900 GBP
USD 0.01 ordinary	Sale	1,000	3.7900 GBP
USD 0.01 ordinary	Sale	1,700	3.7900 GBP
USD 0.01 ordinary	Sale	1,700	3.7900 GBP
USD 0.01 ordinary	Sale	1,700	3.7900 GBP
USD 0.01 ordinary	Sale	800	3.7900 GBP
USD 0.01 ordinary	Sale	400	3.7900 GBP
USD 0.01 ordinary	Sale	1,700	3.7900 GBP
USD 0.01 ordinary	Sale	183	3.7905 GBP
USD 0.01 ordinary	Sale	1,700	3.7905 GBP
USD 0.01 ordinary	Sale	1,000	3.7905 GBP
USD 0.01 ordinary	Sale	737	3.7905 GBP
USD 0.01 ordinary	Sale	17	3.7905 GBP
USD 0.01 ordinary	Sale	695	3.7905 GBP
USD 0.01 ordinary	Sale	105	3.7905 GBP
USD 0.01 ordinary	Sale	700	3.7905 GBP
USD 0.01 ordinary	Sale	1,700	3.7905 GBP
USD 0.01 ordinary	Sale	63	3.7905 GBP
USD 0.01 ordinary	Sale	23	3.7905 GBP
USD 0.01 ordinary	Sale	185	3.7910 GBP
USD 0.01 ordinary	Sale	100	3.7910 GBP
USD 0.01 ordinary	Sale	103	3.7910 GBP
USD 0.01 ordinary	Sale	512	3.7910 GBP
USD 0.01 ordinary	Sale	151	3.7910 GBP
USD 0.01 ordinary	Sale	328	3.7915 GBP
USD 0.01 ordinary	Sale	100	3.7915 GBP
USD 0.01 ordinary	Sale	144	3.7915 GBP
USD 0.01 ordinary	Sale	1,700	3.7915 GBP
USD 0.01 ordinary	Sale	396	3.7915 GBP

Class of relevant security	Purchases/sales	Total number of securities
USD 0.01 ordinary	Purchases	36,727
USD 0.01 ordinary	Sales	101,917

(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:	18 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	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
USD 0.01 ordinary	Call Option	Selling	400,000	3.9700 GBP	EUROPEAN	16/04/2013

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

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