Glencore: Glencore plc ("Glencore") response to press speculation - Rio Tinto plc ("Rio Tinto") Dienstag, 07. Oktober 2014 - 16:28

Glencore plc
Baar, Switzerland
7 October 2014




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OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD BE A
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Glencore plc ("Glencore") response to press speculation - Rio Tinto plc
("Rio Tinto")

Glencore notes the recent press speculation regarding a possible merger
between Glencore and Rio Tinto.

Glencore announces that in July 2014 it made an informal enquiry by
telephone call to Rio Tinto, seeking to gauge whether there might be any
interest at Rio Tinto in investigating some form of merger between the two
companies. Rio Tinto responded that it was not interested in pursuing these
discussions.

Glencore confirms that it is no longer actively considering any possible
merger transaction with, or offer for the shares of, Rio Tinto.

As a consequence of this announcement, the Panel Executive has determined
that Glencore is for a period of 6 months from the date of this
announcement subject to Rule 2.8 of the City Code on Takeovers and Mergers
in relation to Rio Tinto. Glencore however reserves its rights to make an
offer in the future with the consent of the Takeover Panel, either with the
recommendation of the Board of Rio Tinto, in the event of a third party
offer for Rio Tinto, or in the event of a material change in circumstances.


For further information please contact:

Investor:

Paul Smith
t: +41 (0) 41 709 2487
m: +41 (0) 79 947 1348
e: paul.smith@glencore.com

Martin Fewings
t: +41 (0) 41 709 2880
m: +41 (0) 79 737 5642
e: martin.fewings@glencore.com

Elisa Morniroli
t: +41 (0) 41 709 2818
m: +41 (0) 79 833 0508
e: elisa.morniroli@glencore.com


Media:

Charles Watenphul
t: +41 (0) 41 709 2462
m: +41 (0) 79 904 3320
e: charles.watenphul@glencore.com

www.glencore.com

About Glencore
Glencore is one of the world’s largest global diversified natural resource
companies and a major producer and marketer of more than 90 commodities.
The Group's operations comprise over 150 mining and metallurgical sites,
oil production assets and agricultural facilities.


With a strong footprint in both established and emerging regions for
natural resources, Glencore's industrial and marketing activities are
supported by a global network of more than 90 offices located in over 50
countries.


Glencore's customers are industrial consumers, such as those in the
automotive, steel, power generation, oil and food processing. We also
provide financing, logistics and other services to producers and consumers
of commodities. Glencore's companies employ around 200,000 people,
including contractors.