Form 8.5 (EPT/RI) - Glencore PLC

Citigroup Global Markets Limited

19 January 2026

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH

RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	Citigroup Global Markets Limited
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:  Use a separate form for each offeror/offeree	Glencore plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Glencore plc
(d) Date dealing undertaken:	16 January 2026
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?  If it is a cash offer or possible cash offer, state "N/A"	Rio Tinto plc and Rio Tinto Limited

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary NPV	Sale	2,525,364	GBP 4.8840	GBP 4.7665
Ordinary NPV	Sale	21,805	USD 6.4040	USD 6.4040
Ordinary NPV	Purchase	24,262	ZAR 106.0800	ZAR 106.0400
Ordinary NPV	Purchase	3,494,962	GBP 4.8840	GBP 3.3822
Ordinary NPV	Sale	443,653	ZAR 106.4400	ZAR 106.0400

(b) Cash-settled derivative transactions

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
Ordinary NPV	TRS	Reducing Long Position	80,000	GBP 3.3822
Ordinary NPV	TRS	Reducing Long Position	6,000	GBP 3.4380
Ordinary NPV	TRS	Reducing Short Position	33,612	GBP 4.8007
Ordinary NPV	TRS	Reducing Short Position	2,520	GBP 4.8049
Ordinary NPV	TRS	Reducing Short Position	91	GBP 4.8075
Ordinary NPV	TRS	Reducing Short Position	5,383	GBP 4.8120
Ordinary NPV	TRS	Reducing Short Position	140,296	GBP 4.8227
Ordinary NPV	TRS	Reducing Short Position	26,115	GBP 4.8235
Ordinary NPV	TRS	Reducing Short Position	4,708	GBP 4.8240
Ordinary NPV	TRS	Reducing Short Position	4,627	GBP 4.8257
Ordinary NPV	TRS	Reducing Short Position	15,879	GBP 4.8258
Ordinary NPV	TRS	Increasing Short Position	45,906	GBP 4.7860
Ordinary NPV	TRS	Reducing Long Position	3,423	GBP 4.7860
Ordinary NPV	TRS	Reducing Short Position	807	GBP 4.8262
Ordinary NPV	TRS	Increasing Short Position	57,957	GBP 4.7860
Ordinary NPV	TRS	Increasing Short Position	42,666	GBP 4.7863
Ordinary NPV	TRS	Increasing Short Position	3,794	GBP 4.7928
Ordinary NPV	TRS	Increasing Short Position	17,973	GBP 4.8073
Ordinary NPV	TRS	Increasing Short Position	1,732	GBP 4.8138
Ordinary NPV	TRS	Increasing Short Position	6,795	GBP 4.8148
Ordinary NPV	TRS	Increasing Short Position	4,763	GBP 4.8159
Ordinary NPV	TRS	Increasing Short Position	399	GBP 4.8234
Ordinary NPV	TRS	Increasing Short Position	4,074	GBP 4.8266
Ordinary NPV	TRS	Increasing Short Position	8,530	GBP 4.8270
Ordinary NPV	TRS	Increasing Short Position	502	GBP 4.8306
Ordinary NPV	TRS	Increasing Short Position	10,039	GBP 4.8338
Ordinary NPV	TRS	Increasing Short Position	1,494	GBP 4.8373
Ordinary NPV	TRS	Increasing Short Position	4,080	GBP 4.8394
Ordinary NPV	TRS	Increasing Short Position	1,161	GBP 4.8399
Ordinary NPV	TRS	Increasing Short Position	6,517	GBP 4.8406
Ordinary NPV	TRS	Increasing Short Position	12,605	GBP 4.8410
Ordinary NPV	TRS	Increasing Short Position	4,385	GBP 4.8448
Ordinary NPV	TRS	Increasing Short Position	4,273	GBP 4.8457
Ordinary NPV	TRS	Increasing Short Position	7,736	GBP 4.8462
Ordinary NPV	TRS	Increasing Short Position	187	GBP 4.8540
Ordinary NPV	TRS	Increasing Short Position	319	GBP 4.8646
Ordinary NPV	TRS	Reducing Short Position	173,965	GBP 4.7860
Ordinary NPV	TRS	Increasing Short Position	6,035	GBP 4.8712
Ordinary NPV	TRS	Increasing Short Position	80,122	GBP 4.7860
Ordinary NPV	TRS	Increasing Short Position	96	GBP 4.7860
Ordinary NPV	TRS	Increasing Short Position	39,026	GBP 4.7884
Ordinary NPV	TRS	Reducing Short Position	535,793	GBP 4.7925
Ordinary NPV	TRS	Reducing Short Position	246,900	GBP 4.7979
Ordinary NPV	TRS	Increasing Short Position	65,865	GBP 4.7860

(c) Stock-settled derivative transactions (including options)

(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) Exercise

Class of relevant security	Product description  e.g. call option	Exercising/ exercised against	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)

3. 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:  Irrevocable commitments and letters of intent should not be included. 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

Date of disclosure:	19 January 2026
Contact name:	Christopher Alexander Pollock
Telephone number:	02895 954 053

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 Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on [phone].

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

END