Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

03 February 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:	J.P. Morgan Securities Plc
(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:	Corporate Broker to Rio Tinto plc and Rio Tinto Limited
(d) Date dealing undertaken:	02 February 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, Rio Tinto plc and 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	Purchase	11,223,794	5.0102 GBP	4.7104 GBP
	Sale	10,377,019	5.0195 GBP	4.7570 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	Equity Swap	Decrease Long	76,276	4.8597 GBP
			64,713	4.8688 GBP
			14,370	4.9322 GBP
			7,115	4.9433 GBP
			66,898	4.9611 GBP
			9,950	4.9902 GBP
			650,437	4.9932 GBP
			54,162	4.9972 GBP
			400	4.9988 GBP
			259,104	5.0070 GBP
			189,320	5.0100 GBP
			1,102	5.0102 GBP
			155,849	105.5516 ZAR
			817	105.7047 ZAR
			29,194	108.0301 ZAR
			18,269	108.1576 ZAR
			13,328	109.2880 ZAR
		Decrease Short	5,000	4.8174 GBP
			329	4.8177 GBP
			11,570	4.8333 GBP
			1,596	4.8673 GBP
			18,223	4.8736 GBP
			6,384	4.8928 GBP
			2,198	4.9158 GBP
			5	4.9235 GBP
			64,493	4.9270 GBP
			14,282	4.9352 GBP
			11,600	4.9651 GBP
			13,103	4.9654 GBP
			37,692	4.9806 GBP
			6,450	4.9872 GBP
			318	4.9940 GBP
			14,395	5.0012 GBP
			6,179	5.0022 GBP
			5,337	5.0039 GBP
			2,394	5.0095 GBP
			4,395	5.0096 GBP
			4,679	5.0098 GBP
			1,441,953	5.0100 GBP
			10,890	103.7161 ZAR
			335	104.7600 ZAR
			79,124	105.0515 ZAR
			55,950	105.9261 ZAR
			347	106.1000 ZAR
			135	106.9500 ZAR
			29,194	108.0301 ZAR
			968	108.1486 ZAR
			18,269	108.1576 ZAR
			3,651	108.2552 ZAR
			13,328	109.2880 ZAR
			5,266	109.9058 ZAR
		Increase Long	9,286	4.8180 GBP
			9,281	4.8523 GBP
			57	4.8579 GBP
			31,620	4.9212 GBP
			183,065	4.9440 GBP
			60,469	4.9463 GBP
			12,461	4.9474 GBP
			11,963	4.9758 GBP
			205,775	5.0013 GBP
			15,133	108.5239 ZAR
			6,302	109.4258 ZAR
			10,645	109.5437 ZAR
			2	109.8600 ZAR
	Increase Short	55,549	4.7104 GBP
		93,252	4.7649 GBP
		18,652	4.8078 GBP
		250,000	4.8193 GBP
		74,596	4.8265 GBP
		474,664	4.8286 GBP
		130,948	4.8296 GBP
		11,908	4.8453 GBP
		250,000	4.8595 GBP
		15,370	4.9060 GBP
		1,140	4.9227 GBP
		62,631	4.9324 GBP
		4,477	4.9434 GBP
		2,500	4.9461 GBP
		375,748	4.9495 GBP
		79	4.9860 GBP
		25,087	4.9909 GBP
		19,701	5.0033 GBP
		41,669	5.0035 GBP
		33,218	5.0053 GBP
		4,850	5.0102 GBP
		15,133	108.5239 ZAR
		6,919	109.4400 ZAR
		2,432	109.4744 ZAR
		2,565	109.4877 ZAR
		1,775	109.5656 ZAR
		2,584	109.6428 ZAR
		672	109.6650 ZAR
	Opening a short position	2	109.8600 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:	03 February 2026
Contact name:	Hetvi Shah
Telephone number:	44 2034 936359

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

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