London, 19 May 2011

Glencore International plc announces the successful placing of 1,137,331,973 ordinary shares to institutional investors (the “International Offer”) at a price of 530 pence per share, and of 31,250,000 new ordinary shares to professional and retail investors in Hong Kong (the “Hong Kong Offer” and, together with the International Offer, the “Global Offer”) at a price of HK$66.53 per ordinary share.

The total number of ordinary shares of the Company in issue after Admission in London and Hong Kong will be 6,922,713,511 (prior to exercise of the over-allotment option).

Highlights

• IPO successfully priced at 530 pence per share in the International Offer and HK$66.53 per share in the Hong Kong

• Largest ever IPO on the premium listing segment of the London Stock Exchange.

•  First ever simultaneous London primary and Hong Kong secondary IPO.

• Gross proceeds raised of approximately US$10 billion[ii],[iii] (prior to exercise of the over-allotment option), comprising a primary component of approximately US$7.9 billion, and secondary sales by existing shareholders of approximately US$2.1 billion.

• 6,922,713,511 ordinary shares in issue at Admission with a market capitalisation of approximately US$59.2 billion at the offer price (equal to £36.7 billion and HK$461 billion)2.

•  It is anticipated that Glencore will become only the third company ever to enter the FTSE 100 under the fast-entry rule at close of business on UK Admission (24 May 2011), and that the Company will also be eligible for early inclusion in the relevant MSCI indices, subject to  confirmation from MSCI.

• A select group of cornerstone investors has subscribed at the offer price for shares worth US$3.1 billion, equal to approximately 31 per cent of the Global Offer. This represents one of the largest cornerstone investments by value ever achieved for an IPO, and one of very few cornerstone tranches ever undertaken in an IPO outside of Asia. The shares subscribed for by cornerstone investors will be locked up for 6 months post-Admission.

• 2.7 per cent of the Global Offer has been allocated to the Hong Kong Offer. In addition, a proportion of investors in the Institutional Offer have elected to take shares registered on Glencore’s Hong Kong branch share register.

• Conditional dealings on the London Stock Exchange will commence at 8.00am BST today, 19 May 2011 under the ticker “GLEN”.

• Admission and unconditional dealings expected to commence on 24 May 2011 in London and on 25 May 2011 in Hong Kong.

• As stabilising manager, Morgan Stanley Securities Limited has been granted an over-allotment option (the “Over-Allotment Option”) of up to 116,858,197 ordinary shares, representing 10 per cent of the ordinary shares in the Global Offer exercisable for a period of 30 calendar days from the commencement of conditional dealings of the ordinary shares on the London Stock Exchange.

• Following Admission, Glencore’s directors and employees will continue to hold approximately 83.1 per cent of the Company’s ordinary shares, which are subject to various lock-up arrangements, as described in the Prospectus and the Pricing Statement and prior to exercise of the Over-Allotment Option.

Ivan Glasenberg, Glencore’s Chief Executive Officer, said:“Glencore’s offer has seen substantial interest from investors around the world and was significantly oversubscribed throughout the price range providing Glencore with a high quality, diverse and geographically spread investor base.

"We welcome and look forward to building long-term mutually beneficial relationships with our new shareholders, as we have with our customers, suppliers and capital partners over the years. Indeed, the final pricing of our offer reflects this approach. The significant level of investor interest re-affirms our belief that industry conditions and Glencore’s business model today provide us with a compelling basis to continue to deliver and sustain superior returns.”

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