TIDMGLEN

RNS Number : 9187X

Glencore PLC

01 September 2022

This press release relates to the disclosure of information that qualified, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED), OR IN OR INTO AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW

Glencore plc

Baar, Switzerland

1 Sept 2022

Notice to holders of the U.S.$625 million Non-Dilutive Cash-Settled Guaranteed Convertible Bonds due 2025 issued by Glencore Funding LLC (the "Bonds", ISIN: XS1799614232)

Capitalised terms used and not defined in this notice shall bear the meanings given to them in the terms and conditions of the Bonds (the "Conditions").

Pursuant to the Conditions, Glencore plc ("Glencore"), through its subsidiary Glencore Funding LLC (the "Issuer"), hereby notifies Bondholders that as a result of the Cash Dividend of U.S.$0.24 per Ordinary Share payable on 22 September 2022 to Shareholders of record on 2 September 2022, the Calculation Agent has determined that, effective 1 September 2022:

   -- the Conversion Price is adjusted to GBP4.6942 (previously GBP4.8273) pursuant to Condition 6(a)  (ii)  of the 
      Conditions; and 
   -- the Conversion Ratio (pursuant to the definition thereof in the Conditions) based on such  adjusted Conversion 
      Price as aforesaid is 30,219.84577 (previously 29,386.61363).

For further information please contact:

 
Investors 
Martin Fewings     t: +41 41 709 28 80  m: +41 79 737 56 42  martin.fewings@glencore.com 
Media 
Charles Watenphul  t: +41 41 709 24 62  m: +41 79 904 33 20  charles.watenphul@glencore.com 
Company Secretarial 
John Burton        t: +41 41 709 26 19  m: +41 79 944 54 34  john.burton@glencore.com 
Nicola Leigh       t: +41 41 709 27 55  m: +41 79 735 39 16  nicola.leigh@glencore.com 
Lionel Mateo       t: +41 41 709 28 47  m: +41 79 152 09 05  lionel.mateo@glencore.com

www.glencore.com

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 responsibly - sourced commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that enable decarbonisation while meeting the energy needs of today.

Glencore companies employ around 135,000 people, including contractors. With a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 40 offices.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased our medium-term emission reduction target to a 50% reduction by 2035 and introduced a new short-term target of a 15% reduction by 2026.

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Disclaimer

The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. 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. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

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September 01, 2022 03:51 ET (07:51 GMT)

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