19 Aug - 4 min read

GLN - Share buy-back programme

GLN - Share buy-back programme

GLENCORE PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Registration number 107710)
JSE Share Code: GLN
LSE Share Code: GLEN
ISIN: JE00B4T3BW64
LEI: 2138002658CPO9NBH955
Baar, Switzerland
19 August 2021

                                    Share buy-back programme

As announced on 5 August 2021, Glencore plc (the “Company”) will commence a share repurchase or buy-
back programme of up to USD650 million (the “Programme”), which may continue until the 2021 full year
results are announced in February 2022.

The Programme will be effected in accordance with the terms of the authority granted by shareholders at
the 2021 AGM and its purpose is to reduce the capital of the Company. It is currently intended that any
ordinary shares of the Company (the “Shares”) purchased will be held in treasury.

The Company has entered into an agreement with Citigroup Global Markets Limited (the “Bank”) to conduct
the Programme, under which trading decisions may be undertaken by the Bank in accordance with the
directions of the Company. If the Company is unable to do so, the Bank is mandated to make trading
decisions concerning purchases under the Programme independently of the Company.

The Bank may undertake transactions in the Shares (which may include sales as well as purchases and
may include participation in block purchases) in order to meet its obligations pursuant to its agreement with
the Company.

The implementation of the Programme is in line with the Company’s stated financial policies and thresholds.

Any buy-back of the Shares pursuant to the Programme will be effected in accordance with Chapter 12 of
the FCA Listing Rules, the EU Market Abuse Regulation 596/2014 and the Commission Delegated
Regulation (EU) 2016/1052 (which are part of UK law by virtue of the European Union (Withdrawal) Act
2018).

The market will be notified in accordance with those rules if and when purchases are made.

For further information please contact:
Investors
Martin Fewings           t: +41 41 709 28 80    m: +41 79 737 56 42      martin.fewings@glencore.com
Media
Charles Watenphul        t: +41 41 709 24 62    m: +41 79 904 33 20      charles.watenphul@glencore.com
Company Secretarial
John Burton              t: +41 41 709 26 19    m: +41 79 944 54 34      john.burton@glencore.com
Nicola Leigh             t: +41 41 709 27 55    m: +41 79 735 39 16      nicola.leigh@glencore.com
Lionel Mateo             t: +41 41 709 28 47    m: +41 79 152 09 05      lionel.mateo@glencore.com

www.glencore.com
Glencore LEI: 2138002658CPO9NBH955

Notes for Editors
Glencore is one of the world's largest global diversified natural resource companies and a major producer
and marketer of more than 60 responsibly-sourced commodities that advance everyday life. The Group's
operations comprise around 150 mining and metallurgical sites and oil production assets.

With a strong footprint in over 35 countries in both established and emerging regions for natural resources,
Glencore's industrial activities are supported by a global network of more than 30 marketing offices.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation,
battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers
and consumers of commodities. Glencore's companies employ around 135,000 people, including
contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the
International Council on Mining and Metals. We are an active participant in the Extractive Industries
Transparency Initiative. Our ambition is to be a net zero total emissions company by 2050.

Follow us on social media:
        www.facebook.com/Glencore
        www.flickr.com/photos/glencore
        www.instagram.com/glencoreplc
        www.linkedin.com/company/8518
        www.slideshare.net/glencore
        www.twitter.com/glencore
        www.youtube.com/glencorevideos

Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal
entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where
references are made to Glencore plc and its subsidiaries in general. These collective expressions are used
for ease of reference only and do not imply any other relationship between the companies. Likewise, the
words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work
for them. These expressions are also used where no useful purpose is served by identifying the particular
company or companies.

Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 19-08-2021 04:40:00
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