Form 8.5 (EPT/RI)-Glencore plc

JPMorgan Securities Plc

04 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:	03 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 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	Purchase	109	111.1400 ZAR	110.2500 ZAR
		17,509,486	5.1935 GBP	5.0453 GBP
	Sale	109	111.1400 ZAR	110.2500 ZAR
		7,591,397	5.1920 GBP	5.0430 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	1,908	5.0453 GBP
			1,128	5.0602 GBP
			26,123	5.0650 GBP
			81,460	5.0732 GBP
			459	5.0752 GBP
			29,299	5.0872 GBP
			75,873	5.0934 GBP
			1,201	5.1041 GBP
			128,158	5.1101 GBP
			468,384	5.1523 GBP
			1,601	5.1612 GBP
			94,880	5.1730 GBP
			1,587	5.1735 GBP
			6,950	110.8880 ZAR
			20,856	111.2876 ZAR
			3,947	111.3703 ZAR
			85,004	111.4145 ZAR
			171	111.6440 ZAR
		Decrease Short	20,340	5.0538 GBP
			248,554	5.0634 GBP
			250,000	5.0727 GBP
			28,586	5.0817 GBP
			22,155	5.0973 GBP
			35,984	5.1025 GBP
			1,448	5.1059 GBP
			55,156	5.1147 GBP
			665,213	5.1150 GBP
			70,049	5.1187 GBP
			28,475	5.1192 GBP
			5,680	5.1194 GBP
			24,027	5.1465 GBP
			2,480	5.1490 GBP
			800	5.1540 GBP
			30,791	5.1575 GBP
			7,000	5.1606 GBP
			52,587	5.1649 GBP
			46,536	5.1650 GBP
			110,231	5.1697 GBP
			331	5.1728 GBP
			323	5.1729 GBP
			6,950	110.8880 ZAR
			688	111.1500 ZAR
			20,856	111.2876 ZAR
			3,947	111.3703 ZAR
			85,004	111.4000 ZAR
			72	111.6125 ZAR
			83	111.6643 ZAR
			16	111.6800 ZAR
		Increase Long	838	5.0569 GBP
			4,751	5.0654 GBP
			39,438	5.0778 GBP
			49,253	5.0936 GBP
			470,976	5.0959 GBP
			35,047	5.1125 GBP
			111,741	5.1143 GBP
			47,631	5.1630 GBP
			4,688	5.1732 GBP
			8,148	110.9777 ZAR
			2,037	111.4000 ZAR
			937	111.6485 ZAR
		Increase Short	10,504,463	5.0813 GBP
			38,226	5.0996 GBP
			360,587	5.1042 GBP
			800	5.1187 GBP
		5,935	5.1251 GBP
		470	5.1252 GBP
		5,600	5.1284 GBP
		53,835	5.1293 GBP
		642	5.1313 GBP
		4,100	5.1333 GBP
		150,000	5.1405 GBP
		15,035	5.1412 GBP
		1,105	5.1442 GBP
		50,000	5.1498 GBP
		10,988	5.1516 GBP
		100,000	5.1573 GBP
		146	5.1584 GBP
		54,534	5.1639 GBP
		69,089	5.1653 GBP
		18	5.1732 GBP
		64,266	5.1734 GBP
		937	5.1735 GBP
		125,000	5.1865 GBP
		8,148	110.9777 ZAR
		688	111.1722 ZAR
		350	111.3200 ZAR
		2,037	111.4000 ZAR
		587	111.8675 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:	04 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