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	Rio Tinto plc and Rio Tinto Limited
(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"	Glencore plc

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
Rio Tinto plc 10p ordinary	Sale	333,381	GBP 61.3500	GBP 60.0200
Rio Tinto plc 10p ordinary	Purchase	858,771	GBP 61.3521	GBP 60.0100
Rio Tinto plc 10p ordinary	Sale	110	EUR 70.2100	EUR 69.7400
Rio Tinto plc 10p ordinary	Sale	3,991	USD 82.6738	USD 82.6738
Rio Tinto plc ADR	Purchase	743	USD 83.1500	USD 81.8800
Rio Tinto plc ADR	Sale	150,743	USD 83.1500	USD 81.8800
Rio Tinto plc 10p ordinary	Purchase	110	EUR 70.2100	EUR 69.7400
Rio Tinto Limited ordinary	Purchase	47,380	AUD 144.7600	AUD 141.4782
Rio Tinto Limited ordinary	Sale	47,380	AUD 144.7600	AUD 141.4782

(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
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	103	GBP 60.3500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	24	GBP 60.4200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	276	GBP 60.4400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	514	GBP 60.4500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	214	GBP 60.4550
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	601	GBP 60.4600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	37	GBP 60.4650
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,023	GBP 60.4700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	171	GBP 60.4750
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	690	GBP 60.4800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	111	GBP 60.4850
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	533	GBP 60.4900
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	31	GBP 60.4950
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	727	GBP 60.5000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	92	GBP 60.5050
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	556	GBP 60.5100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	9	GBP 60.5150
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,050	GBP 60.5200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	106	GBP 60.5250
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,539	GBP 60.5300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	13	GBP 60.5350
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,158	GBP 60.5400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	399	GBP 60.5500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	620	GBP 60.5600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,132	GBP 60.5700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	578	GBP 60.5800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	25	GBP 60.5850
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,012	GBP 60.5900
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	688	GBP 60.6000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	77	GBP 60.6050
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	944	GBP 60.6100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	29	GBP 60.6150
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	314	GBP 60.6200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	56	GBP 60.6250
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	472	GBP 60.6300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	488	GBP 60.6400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	882	GBP 60.7200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	62	GBP 60.7250
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	455	GBP 60.6500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	11	GBP 60.6550
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	655	GBP 60.6600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	59	GBP 60.6650
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,182	GBP 60.6700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	37	GBP 60.6750
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	682	GBP 60.6800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	55	GBP 60.6850
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	2,245	GBP 60.6900
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,353	GBP 60.7000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	171	GBP 60.7100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,126	GBP 60.7300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	299	GBP 60.7350
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,204	GBP 60.7400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	14	GBP 60.7450
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	683	GBP 60.7500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	188	GBP 60.7550
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	632	GBP 60.7600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	85	GBP 60.7650
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,251	GBP 60.7700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	883	GBP 60.7800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	698	GBP 60.7900
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	99	GBP 60.7950
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	243	GBP 60.8000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	258	GBP 60.8050
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	359	GBP 60.8100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,096	GBP 60.8200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	73	GBP 60.8250
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	966	GBP 60.8300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	40	GBP 60.8350
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	765	GBP 60.8400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	340	GBP 60.8450
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,427	GBP 60.8500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	180	GBP 60.8550
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,035	GBP 60.8600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	467	GBP 60.8700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	12	GBP 60.8750
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	646	GBP 60.8800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	10	GBP 60.8850
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	12	GBP 60.8900
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	11	GBP 60.9000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	146	GBP 60.9100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	123	GBP 60.9200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	155	GBP 60.9300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	239	GBP 60.9400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	250	GBP 60.9500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	33	GBP 60.9600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	271	GBP 60.9700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	186	GBP 60.9800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	46	GBP 60.9850
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	183	GBP 60.9950
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	663	GBP 61.0000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	65	GBP 61.0050
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	656	GBP 61.0100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	10	GBP 61.0150
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	165	GBP 61.0200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	829	GBP 61.0300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	87	GBP 61.0350
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	780	GBP 61.0400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	151	GBP 61.0450
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	114	GBP 61.0500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	10	GBP 61.0550
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	845	GBP 61.0600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	284	GBP 61.0700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,047	GBP 61.0800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	661	GBP 61.0900
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	129	GBP 61.0950
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	607	GBP 61.1000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	404	GBP 61.1050
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	776	GBP 61.1100
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	128	GBP 61.1150
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,612	GBP 61.1200
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	604	GBP 61.1300
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	132	GBP 61.1350
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	288	GBP 61.1400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	332	GBP 61.1450
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,170	GBP 61.1500
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	343	GBP 61.1550
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	1,275	GBP 61.1600
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	151	GBP 61.1650
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	132	GBP 61.1700
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	80	GBP 61.1800
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	57	GBP 61.1950
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	476	GBP 61.2000
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	289	GBP 61.2400
Rio Tinto plc 10p ordinary	TRS	Opening Long Position	35,503	GBP 61.3500
Rio Tinto plc 10p ordinary	TRS	Closing Short Position	10,057	GBP 60.5300
Rio Tinto plc 10p ordinary	TRS	Closing Short Position	199	GBP 60.5500
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	261	GBP 60.1200
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	92	GBP 60.4700
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	88	GBP 60.5500
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	89	GBP 60.6500
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	74	GBP 60.7300
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	34	GBP 61.0400
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	13	GBP 61.0900
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	331	GBP 61.3500
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	97	GBP 60.5400
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	72	GBP 60.5500
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	49	GBP 60.5800
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	61	GBP 61.3500
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	22,900	GBP 61.0216
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	18,310	GBP 60.4083
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	66,408	GBP 60.4288
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	329	GBP 60.4343
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	1,564	GBP 60.4690
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	36,419	GBP 60.5484
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	11,186	GBP 60.6076
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	1,261	GBP 60.6615
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	4,741	GBP 60.6696
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	1,612	GBP 60.7154
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	25,000	GBP 60.7386
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	94,628	GBP 60.7568
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	6,874	GBP 60.7537
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	18,869	GBP 60.7702
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	6,352	GBP 60.8498
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	2,334	GBP 60.9172
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	34,583	GBP 61.2182
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	95,033	GBP 61.3076
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	254	GBP 60.3135
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	2,937	GBP 60.3203
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	2,544	GBP 60.3741
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	37,847	GBP 60.4325
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	162	GBP 60.5791
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	477	GBP 60.6070
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	1,048	GBP 60.6148
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	515	GBP 60.7088
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	181	GBP 61.0783
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	470	GBP 61.3479
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	476	GBP 60.6762
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	476	GBP 60.6762
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	2,481	GBP 60.9114
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	2,481	GBP 60.9114
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	102,588	GBP 60.9430
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	102,588	GBP 60.9430
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	17,874	GBP 61.3521
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	17,874	GBP 61.3521
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	4,500	GBP 60.6270
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	4,500	GBP 60.6270
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	7,951	GBP 60.6270
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	7,951	GBP 60.6270
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	14,889	GBP 60.7293
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	14,889	GBP 60.7293
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	6,874	GBP 60.7537
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	9,457	GBP 60.7929
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	9,457	GBP 60.7929
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	10,358	GBP 61.3500
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	50	GBP 60.4582
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	405	GBP 60.6612
Rio Tinto plc 10p ordinary	TRS	Closing Short Position	20,482	GBP 61.3500

(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