Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

21 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:	UBS Investment Bank, London
(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:	Rio Tinto plc
(d) Date dealing undertaken:	20 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"	YES

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	Buy	4149060	4.86000        GBP	4.74571        GBP
Ordinary NPV	Sell	5552212	4.91000        GBP	4.74571        GBP

(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	CFD	Long	84500	4.79805006        GBP
Ordinary NPV	CFD	Long	729	106.1419        ZAR
Ordinary NPV	CFD	Long	426	4.785        GBP
Ordinary NPV	CFD	Long	3945	4.81120012        GBP
Ordinary NPV	CFD	Long	99533	106.16770267        ZAR
Ordinary NPV	CFD	Long	18644	4.790749        GBP
Ordinary NPV	CFD	Long	5236	4.79644993911383        GBP
Ordinary NPV	CFD	Long	487	106.6367        ZAR
Ordinary NPV	CFD	Long	196	4.8055        GBP
Ordinary NPV	CFD	Long	791	4.80476        GBP
Ordinary NPV	CFD	Long	9051	106.1947155        ZAR
Ordinary NPV	CFD	Long	3000	4.7795        GBP
Ordinary NPV	CFD	Long	51801	4.79729839535955        GBP
Ordinary NPV	CFD	Long	8375	106.1053994        ZAR
Ordinary NPV	CFD	Long	204	4.793        GBP
Ordinary NPV	CFD	Long	1388	4.81170017        GBP
Ordinary NPV	CFD	Long	267987	4.79502252        GBP
Ordinary NPV	CFD	Long	79530	4.791773        GBP
Ordinary NPV	CFD	Long	125998	106.3327        ZAR
Ordinary NPV	CFD	Long	539	106.4082        ZAR
Ordinary NPV	CFD	Long	326071	4.80393        GBP
Ordinary NPV	CFD	Long	5000000	4.7885        GBP
Ordinary NPV	CFD	Long	15622	4.80553834        GBP
Ordinary NPV	CFD	Long	353	4.79807365        GBP
Ordinary NPV	CFD	Long	48809	4.81381739        GBP
Ordinary NPV	CFD	Long	26651	4.81987        GBP
Ordinary NPV	CFD	Long	1816	106.39177863        ZAR
Ordinary NPV	CFD	Long	38400	4.7974        GBP
Ordinary NPV	CFD	Long	321179	4.8095        GBP
Ordinary NPV	CFD	Long	17230	4.79805049        GBP
Ordinary NPV	CFD	Long	264	4.82        GBP
Ordinary NPV	CFD	Long	3387	4.81927664599941        GBP
Ordinary NPV	CFD	Long	87197	106.10080519        ZAR
Ordinary NPV	CFD	Long	137660	4.80106392561383        GBP
Ordinary NPV	CFD	Long	2281	4.8196144        GBP
Ordinary NPV	CFD	Short	68451	4.82        GBP
Ordinary NPV	CFD	Short	5000000	4.7885        GBP
Ordinary NPV	CFD	Short	77500	4.8160051985        GBP
Ordinary NPV	CFD	Short	226914	6.46519885        USD
Ordinary NPV	CFD	Short	48	4.813864        GBP
Ordinary NPV	CFD	Short	729	106.1419        ZAR
Ordinary NPV	CFD	Short	12320	4.784083        GBP
Ordinary NPV	CFD	Short	110441	4.78903504        GBP
Ordinary NPV	CFD	Short	487	106.6367        ZAR
Ordinary NPV	CFD	Short	87197	106.10080519        ZAR
Ordinary NPV	CFD	Short	11388	4.8057        GBP
Ordinary NPV	CFD	Short	74025	106.333485        ZAR
Ordinary NPV	CFD	Short	539	106.4082        ZAR
Ordinary NPV	CFD	Short	4583	4.814437        GBP
Ordinary NPV	CFD	Short	51973	106.331529        ZAR
Ordinary NPV	CFD	Short	274	4.805328        GBP
Ordinary NPV	CFD	Short	31000	4.80179968        GBP
Ordinary NPV	CFD	Short	1141	4.80572305        GBP
Ordinary NPV	CFD	Short	1598	4.801352        GBP
Ordinary NPV	CFD	Short	3575	4.79883        GBP
Ordinary NPV	CFD	Short	9051	106.1947155        ZAR
Ordinary NPV	CFD	Short	8375	106.1053994        ZAR
Ordinary NPV	CFD	Short	401	4.82072319201995        GBP
Ordinary NPV	CFD	Short	43100	4.78620487238979        GBP
Ordinary NPV	CFD	Short	99533	106.16770267        ZAR
Ordinary NPV	CFD	Short	1816	106.39177863        ZAR

(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:	21 January 2026
Contact name:	Richard Howard
Telephone number:	[phone]

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 Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END