TIDMGLEN

RNS Number : 9604Y

Glencore PLC

09 September 2022

Glencore plc

Baar, Switzerland

9 September 2022

2022 H2 Distribution - determination of currency amounts

Glencore confirms the following:

1. On 28 April 2022, the shareholders resolved to pay an aggregate distribution of US$0.26 per share in respect of the financial year ended 31 December 2021, payable in H1 and H2 in two equal tranches of US$0.13 per share from the capital contribution reserves of the Company. On 4 August 2022, the Company announced an additional distribution of US$0.11 per share to be paid alongside the H2 distribution. Therefore, the aggregate distribution amount for H2 will be US$0.24 per share, made from the capital contribution reserves of the Company.

2. This repayment is to be made in US dollars, although shareholders on the Jersey register who have opted for a different currency by 5 September 2022 will receive their distribution payments in either Pounds Sterling, Euros or Swiss Francs. Shareholders who subscribed to the global payment service may have elected by 5 September 2022 to receive payments in the currency of their choosing. Elections will remain in place until revoked by the shareholder.

3. The Pound Sterling, Euro and Swiss Franc amounts payable are determined by reference to the closing mid exchange rates applicable to the US dollar on Thursday 8 September 2022.

The following rates were published in the Financial Times guide to world currencies on Thursday 8 September 2022:

 
 GBP/USD   EUR/USD   USD/CHF 
 1.1489    0.9956    0.9734 
          --------  -------- 
 

Accordingly, for non-US dollar payments the amount payable per share on 22 September 2022 will be approximately:

 
 Pounds Sterling   Euros      Swiss Francs 
 0.208895          0.241061   0.233616 
                  ---------  ------------- 
 

An announcement was made on the JSE on 29 August 2022 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.

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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END

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