Form 8.5 (EPT/RI)

Citigroup Global Markets Limited

15 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:	14 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 ADR	Purchase	155	USD 85.5800	USD 85.4633
Rio Tinto plc ADR	Sale	155	USD 85.5800	USD 85.4633
Rio Tinto plc 10p ordinary	Purchase	1,019,058	GBP 63.5700	GBP 62.2050
Rio Tinto plc 10p ordinary	Sale	292,993	GBP 63.5500	GBP 62.2100
Rio Tinto plc 10p ordinary	Sale	110	EUR 73.4400	EUR 72.5400
Rio Tinto plc 10p ordinary	Sale	10,386	USD 85.5178	USD 85.5178
Rio Tinto plc 10p ordinary	Purchase	110	EUR 73.4400	EUR 72.5400
Rio Tinto Limited ordinary	Purchase	70,686	AUD 147.3333	AUD 146.2970
Rio Tinto Limited ordinary	Sale	70,686	AUD 147.3333	AUD 146.2970

(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	Reducing Long Position	25,134	GBP 62.6749
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	576	GBP 62.4962
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	100,000	GBP 62.6826
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	129	GBP 62.7500
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	16,990	GBP 62.7570
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	59,317	GBP 62.8613
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	30,000	GBP 63.1223
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	2,221	GBP 63.1604
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	11,135	GBP 63.1843
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	1,015	GBP 63.2374
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	501	GBP 63.2651
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	5,429	GBP 63.2747
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	87,031	GBP 63.3388
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	41,802	GBP 63.3390
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	12,000	GBP 63.3449
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	1,100	GBP 63.3746
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	30,000	GBP 63.3950
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	83,034	GBP 63.5485
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	3	GBP 62.3600
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	369	GBP 62.4551
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	199	GBP 62.9890
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	88,778	GBP 63.3525
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	41	GBP 63.3575
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	187	GBP 63.3577
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	21,802	GBP 63.5436
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	595	GBP 63.5490
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	1,189	GBP 63.5490
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	85	GBP 62.6400
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	13	GBP 62.6800
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	16	GBP 62.6900
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	66	GBP 62.7000
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	81	GBP 62.7100
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	69	GBP 62.7400
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	76	GBP 62.7500
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	26,386	GBP 63.2278
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	48,914	GBP 63.5544
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	108	GBP 63.2042
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	2,830	GBP 63.0443
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	2,830	GBP 63.0443
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	180,124	GBP 63.2398
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	180,124	GBP 63.2398
Rio Tinto plc 10p ordinary	TRS	Increasing Short Position	59,717	GBP 63.5551
Rio Tinto plc 10p ordinary	TRS	Reducing Long Position	59,717	GBP 63.5551
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	978	GBP 63.1105
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	978	GBP 63.1105
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	1,148	GBP 63.3339
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	1,148	GBP 63.3339
Rio Tinto plc 10p ordinary	TRS	Increasing Long Position	704	GBP 63.5478
Rio Tinto plc 10p ordinary	TRS	Reducing Short Position	704	GBP 63.5478

(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:	15 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