Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

26 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:	23 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	2865737	5.27690        GBP	3.90134        GBP
Ordinary NPV	Sell	6410917	5.01075        GBP	4.88000        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	9542	107.9667        ZAR
Ordinary NPV	CFD	Long	1391	4.950489        GBP
Ordinary NPV	CFD	Long	4546	4.91518258        GBP
Ordinary NPV	CFD	Long	5114	4.931563        GBP
Ordinary NPV	CFD	Long	442	4.929925        GBP
Ordinary NPV	CFD	Long	14377	4.974322        GBP
Ordinary NPV	CFD	Long	12115	107.60707057        ZAR
Ordinary NPV	CFD	Long	7195	4.986641        GBP
Ordinary NPV	CFD	Long	1523	4.99        GBP
Ordinary NPV	CFD	Long	189	4.98549955        GBP
Ordinary NPV	CFD	Long	1116	4.98470047        GBP
Ordinary NPV	CFD	Long	56790	4.99867        GBP
Ordinary NPV	CFD	Long	198926	4.91913201        GBP
Ordinary NPV	CFD	Long	316066	4.91913203        GBP
Ordinary NPV	CFD	Long	171473	109.2843        ZAR
Ordinary NPV	CFD	Long	433	108.6664        ZAR
Ordinary NPV	CFD	Long	46584	107.19060665        ZAR
Ordinary NPV	CFD	Long	3951	109.28        ZAR
Ordinary NPV	CFD	Long	29966	108.36638657        ZAR
Ordinary NPV	CFD	Long	5314	107.8421        ZAR
Ordinary NPV	CFD	Long	24051	4.969672        GBP
Ordinary NPV	CFD	Long	10584	108.0075737        ZAR
Ordinary NPV	CFD	Long	3221	4.95776182204284        GBP
Ordinary NPV	CFD	Long	150000	4.962817        GBP
Ordinary NPV	CFD	Long	200000	4.959719        GBP
Ordinary NPV	CFD	Long	150000	4.976011        GBP
Ordinary NPV	CFD	Long	148173	4.95028056        GBP
Ordinary NPV	CFD	Long	2080367	5.01        GBP
Ordinary NPV	CFD	Long	713	4.963879        GBP
Ordinary NPV	CFD	Short	12115	107.60707057        ZAR
Ordinary NPV	CFD	Short	29966	108.36638657        ZAR
Ordinary NPV	CFD	Short	46584	107.19060665        ZAR
Ordinary NPV	CFD	Short	3951	109.28        ZAR
Ordinary NPV	CFD	Short	1637	4.996422        GBP
Ordinary NPV	CFD	Short	5314	107.8421        ZAR
Ordinary NPV	CFD	Short	211402	5.01        GBP
Ordinary NPV	CFD	Short	79399	6.75471223        USD
Ordinary NPV	CFD	Short	73600	4.9852794163        GBP
Ordinary NPV	CFD	Short	8095	4.997283        GBP
Ordinary NPV	CFD	Short	3286	4.997444        GBP
Ordinary NPV	CFD	Short	10584	108.0075737        ZAR
Ordinary NPV	CFD	Short	11398	4.93840709        GBP
Ordinary NPV	CFD	Short	9542	107.9667        ZAR
Ordinary NPV	CFD	Short	1466	4.96988404        GBP
Ordinary NPV	CFD	Short	433	108.666363        ZAR
Ordinary NPV	CFD	Short	4820	4.9690980006        GBP
Ordinary NPV	CFD	Short	68402	109.284339        ZAR
Ordinary NPV	CFD	Short	22716	4.955395        GBP
Ordinary NPV	CFD	Short	7787	4.8665        GBP
Ordinary NPV	CFD	Short	103071	109.28434        ZAR
Ordinary NPV	CFD	Short	192344	4.96823939        GBP

(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:	26 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