Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

13 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:	12 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	5,152,283	GBP 4.6875	GBP 4.5355
Ordinary NPV	Sale	27,712	USD 6.3134	USD 6.3134
Ordinary NPV	Purchase	10,266,560	GBP 4.6882	GBP 3.4072

(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	Opening Long Position	1,835	GBP 4.6200
Ordinary NPV	TRS	Opening Long Position	2,655	GBP 4.6230
Ordinary NPV	TRS	Opening Long Position	1,813	GBP 4.6235
Ordinary NPV	TRS	Opening Long Position	6,523	GBP 4.6245
Ordinary NPV	TRS	Opening Long Position	1,280	GBP 4.6265
Ordinary NPV	TRS	Opening Long Position	1,275	GBP 4.6270
Ordinary NPV	TRS	Opening Long Position	1,305	GBP 4.6295
Ordinary NPV	TRS	Opening Long Position	1,923	GBP 4.6300
Ordinary NPV	TRS	Opening Long Position	3,927	GBP 4.6335
Ordinary NPV	TRS	Opening Long Position	1,923	GBP 4.6350
Ordinary NPV	TRS	Opening Long Position	3,004	GBP 4.6355
Ordinary NPV	TRS	Opening Long Position	1,305	GBP 4.6360
Ordinary NPV	TRS	Opening Long Position	1,582	GBP 4.6370
Ordinary NPV	TRS	Opening Long Position	1,816	GBP 4.6390
Ordinary NPV	TRS	Opening Long Position	1,295	GBP 4.6395
Ordinary NPV	TRS	Opening Long Position	1,282	GBP 4.6405
Ordinary NPV	TRS	Opening Long Position	5,401	GBP 4.6415
Ordinary NPV	TRS	Opening Long Position	6,079	GBP 4.6420
Ordinary NPV	TRS	Opening Long Position	2,588	GBP 4.6445
Ordinary NPV	TRS	Opening Long Position	1,214	GBP 4.6450
Ordinary NPV	TRS	Opening Long Position	1,602	GBP 4.6470
Ordinary NPV	TRS	Opening Long Position	4,572	GBP 4.6485
Ordinary NPV	TRS	Opening Long Position	1,245	GBP 4.6490
Ordinary NPV	TRS	Opening Long Position	5,091	GBP 4.6500
Ordinary NPV	TRS	Opening Long Position	1,898	GBP 4.6505
Ordinary NPV	TRS	Opening Long Position	2,713	GBP 4.6510
Ordinary NPV	TRS	Opening Long Position	2,726	GBP 4.6520
Ordinary NPV	TRS	Opening Long Position	2,387	GBP 4.6525
Ordinary NPV	TRS	Opening Long Position	5,019	GBP 4.6530
Ordinary NPV	TRS	Opening Long Position	9,201	GBP 4.6535
Ordinary NPV	TRS	Opening Long Position	10,477	GBP 4.6540
Ordinary NPV	TRS	Opening Long Position	3,995	GBP 4.6545
Ordinary NPV	TRS	Opening Long Position	5,624	GBP 4.6550
Ordinary NPV	TRS	Opening Long Position	3,293	GBP 4.6555
Ordinary NPV	TRS	Opening Long Position	6,056	GBP 4.6560
Ordinary NPV	TRS	Opening Long Position	5,248	GBP 4.6565
Ordinary NPV	TRS	Opening Long Position	1,107	GBP 4.6570
Ordinary NPV	TRS	Opening Long Position	6,846	GBP 4.6575
Ordinary NPV	TRS	Opening Long Position	4,749	GBP 4.6580
Ordinary NPV	TRS	Opening Long Position	7,243	GBP 4.6590
Ordinary NPV	TRS	Opening Long Position	2,477	GBP 4.6595
Ordinary NPV	TRS	Opening Long Position	3,577	GBP 4.6600
Ordinary NPV	TRS	Opening Long Position	1,327	GBP 4.6605
Ordinary NPV	TRS	Opening Long Position	2,400	GBP 4.6610
Ordinary NPV	TRS	Opening Long Position	463	GBP 4.6620
Ordinary NPV	TRS	Opening Long Position	235	GBP 4.6622
Ordinary NPV	TRS	Opening Long Position	2,733	GBP 4.6625
Ordinary NPV	TRS	Opening Long Position	1,816	GBP 4.6630
Ordinary NPV	TRS	Opening Long Position	3,771	GBP 4.6635
Ordinary NPV	TRS	Opening Long Position	4,799	GBP 4.6645
Ordinary NPV	TRS	Opening Long Position	1,414	GBP 4.6650
Ordinary NPV	TRS	Opening Long Position	1,056	GBP 4.6660
Ordinary NPV	TRS	Opening Long Position	1,008	GBP 4.6662
Ordinary NPV	TRS	Opening Long Position	2,569	GBP 4.6665
Ordinary NPV	TRS	Opening Long Position	264	GBP 4.6668
Ordinary NPV	TRS	Opening Long Position	3,486	GBP 4.6670
Ordinary NPV	TRS	Opening Long Position	7,076	GBP 4.6675
Ordinary NPV	TRS	Opening Long Position	5,783	GBP 4.6680
Ordinary NPV	TRS	Opening Long Position	446	GBP 4.6682
Ordinary NPV	TRS	Opening Long Position	7,210	GBP 4.6685
Ordinary NPV	TRS	Opening Long Position	12,704	GBP 4.6690
Ordinary NPV	TRS	Opening Long Position	5,881	GBP 4.6695
Ordinary NPV	TRS	Opening Long Position	6,153	GBP 4.6700
Ordinary NPV	TRS	Opening Long Position	7,533	GBP 4.6705
Ordinary NPV	TRS	Opening Long Position	3,168	GBP 4.6710
Ordinary NPV	TRS	Opening Long Position	2,668	GBP 4.6715
Ordinary NPV	TRS	Opening Long Position	5,748	GBP 4.6720
Ordinary NPV	TRS	Opening Long Position	4,327	GBP 4.6725
Ordinary NPV	TRS	Opening Long Position	5,930	GBP 4.6730
Ordinary NPV	TRS	Opening Long Position	7,867	GBP 4.6735
Ordinary NPV	TRS	Opening Long Position	3,260	GBP 4.6740
Ordinary NPV	TRS	Opening Long Position	5,061	GBP 4.6745
Ordinary NPV	TRS	Opening Long Position	1,466	GBP 4.6750
Ordinary NPV	TRS	Opening Long Position	2,479	GBP 4.6755
Ordinary NPV	TRS	Opening Long Position	5,483	GBP 4.6760
Ordinary NPV	TRS	Opening Long Position	1,093	GBP 4.6765
Ordinary NPV	TRS	Opening Long Position	2,845	GBP 4.6770
Ordinary NPV	TRS	Opening Long Position	6,329	GBP 4.6775
Ordinary NPV	TRS	Opening Long Position	8,435	GBP 4.6780
Ordinary NPV	TRS	Opening Long Position	6,837	GBP 4.6785
Ordinary NPV	TRS	Opening Long Position	2,186	GBP 4.6790
Ordinary NPV	TRS	Opening Long Position	5,521	GBP 4.6800
Ordinary NPV	TRS	Opening Long Position	4,985	GBP 4.6805
Ordinary NPV	TRS	Opening Long Position	11,351	GBP 4.6809
Ordinary NPV	TRS	Opening Long Position	6,917	GBP 4.6810
Ordinary NPV	TRS	Opening Long Position	7,260	GBP 4.6815
Ordinary NPV	TRS	Opening Long Position	2,529	GBP 4.6820
Ordinary NPV	TRS	Opening Long Position	1,057	GBP 4.6825
Ordinary NPV	TRS	Opening Long Position	7,968	GBP 4.6830
Ordinary NPV	TRS	Opening Long Position	3,122	GBP 4.6835
Ordinary NPV	TRS	Opening Long Position	3,640	GBP 4.6840
Ordinary NPV	TRS	Opening Long Position	4,812	GBP 4.6845
Ordinary NPV	TRS	Opening Long Position	397,620	GBP 4.6850
Ordinary NPV	TRS	Opening Long Position	1,287	GBP 4.6855
Ordinary NPV	TRS	Opening Long Position	3,777	GBP 4.6860
Ordinary NPV	TRS	Opening Long Position	3,001	GBP 4.6865
Ordinary NPV	TRS	Opening Long Position	3,728	GBP 4.6870
Ordinary NPV	TRS	Opening Long Position	1,613	GBP 4.6875
Ordinary NPV	TRS	Reducing Short Position	851	GBP 4.6685
Ordinary NPV	TRS	Reducing Short Position	859	GBP 4.6715
Ordinary NPV	TRS	Reducing Short Position	350	GBP 4.6720
Ordinary NPV	TRS	Reducing Short Position	157	GBP 4.6725
Ordinary NPV	TRS	Reducing Short Position	3,171	GBP 4.5585
Ordinary NPV	TRS	Reducing Short Position	22	GBP 4.5908
Ordinary NPV	TRS	Reducing Short Position	1,122	GBP 4.6355
Ordinary NPV	TRS	Reducing Short Position	162	GBP 4.6620
Ordinary NPV	TRS	Reducing Short Position	167	GBP 4.6625
Ordinary NPV	TRS	Reducing Short Position	235	GBP 4.6800
Ordinary NPV	TRS	Reducing Short Position	3,864	GBP 4.6850
Ordinary NPV	TRS	Closing Long Position	2,326	GBP 4.6530
Ordinary NPV	TRS	Closing Long Position	2,530	GBP 4.6532
Ordinary NPV	TRS	Closing Long Position	8,923	GBP 4.6540
Ordinary NPV	TRS	Closing Short Position	389	GBP 4.6733
Ordinary NPV	TRS	Closing Short Position	3,461	GBP 4.6733
Ordinary NPV	TRS	Reducing Short Position	39,828	GBP 4.6579
Ordinary NPV	TRS	Reducing Short Position	476,482	GBP 4.6708
Ordinary NPV	TRS	Closing Short Position	9,500	GBP 4.6733
Ordinary NPV	TRS	Closing Short Position	247	GBP 4.6733
Ordinary NPV	TRS	Increasing Short Position	611,671	GBP 4.6592
Ordinary NPV	TRS	Increasing Short Position	54,324	GBP 4.6720
Ordinary NPV	TRS	Increasing Short Position	1,415	GBP 4.6726
Ordinary NPV	TRS	Increasing Short Position	7,526	GBP 4.6763
Ordinary NPV	TRS	Reducing Short Position	238,010	GBP 4.6790
Ordinary NPV	TRS	Increasing Short Position	17,380	GBP 4.6773
Ordinary NPV	TRS	Increasing Short Position	1,860	GBP 4.6778
Ordinary NPV	TRS	Increasing Short Position	162,575	GBP 4.6819
Ordinary NPV	TRS	Increasing Short Position	824	GBP 4.6840
Ordinary NPV	TRS	Increasing Short Position	763,362	GBP 4.6851
Ordinary NPV	TRS	Increasing Short Position	84,897	GBP 4.6074
Ordinary NPV	TRS	Increasing Short Position	232,303	GBP 4.6715
Ordinary NPV	TRS	Reducing Short Position	56,820	GBP 4.5794
Ordinary NPV	TRS	Reducing Short Position	40,280	GBP 4.6127
Ordinary NPV	TRS	Reducing Short Position	320,544	GBP 4.6280
Ordinary NPV	TRS	Reducing Short Position	80,000	GBP 4.6850
Ordinary NPV	TRS	Increasing Short Position	91,714	GBP 4.6850
Ordinary NPV	TRS	Reducing Short Position	18,773	GBP 4.6629
Ordinary NPV	TRS	Increasing Short Position	294	GBP 4.6312

(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:	13 January 2026
Contact name:	Craig Watson
Telephone number:	02890 409 605

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