Glencore plc (JSE:GLN) News - GLN - 2022 H1 Distribution - determination of currency amounts

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
29 April 2022

      2022 H1 Distribution - determination of currency amounts

Glencore confirms that:
 1.   as approved by shareholders at yesterday’s AGM, it will make a return of capital on
      20 May 2022 to holders of record on the Jersey register at the close of business on
      22 April 2022.

 2.   this repayment is of US$0.13 per ordinary share and is to be made in US dollars, although
      shareholders on the Jersey register who have opted for a different currency by 25 April 2022
      will receive their distribution payments in either Pounds Sterling, Euros or Swiss Francs.
      Shareholders who formerly held shares through the Computershare Hong Kong nominee
      will receive distribution payments in US dollars unless they elected to receive payments in
      either Swiss francs, Sterling or Euros, or subscribed to the global payment service to elect to
      receive payments in the currency of their choosing (including Hong Kong Dollars), by 25
      April 2022.
      Elections will remain in place until revoked by the shareholder.

 3.   the Pound Sterling, Euro and Swiss Franc amounts payable are determined by reference to
      the closing mid exchange rates applicable to the US dollar on 28 April 2022.

The following rates were published in the Financial Times guide to world currencies today:
 GBP/USD              EUR/USD                USD/CHF
 1.2440               1.0516                 0.9716

Accordingly, for non-US dollar payments the amount payable per share on 20 May 2022 will be
approximately:
 Pounds Sterling      Euros                  Swiss Francs
 0.104502             0.123621               0.126308

An announcement was made in South Africa on 19 April 2022 regarding the determination of the
South African Rand amount payable in respect of shares on the Johannesburg register.

The distributions for 2022 are deemed “qualified dividends” for US Federal income tax purposes.
Distributions paid by the Company constitute “qualified dividends” because the Company is a
“qualified foreign corporation” for US Federal income tax purposes.

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. Through a
network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source,
market and distribute the commodities that enable decarbonisation while meeting the energy needs of
today.

Glencore companies employ around 135,000 people, including contractors. With a strong footprint in over
35 countries in both established and emerging regions for natural resources, our marketing and industrial
activities are supported by a global network of more than 40 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 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.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris
Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021, we increased
our medium-term emission reduction target to a 50% reduction by 2035 and introduced a new short-term
target of a 15% reduction by 2026.

Follow us on social media:
www.facebook.com/Glencore
www.instagram.com/glencoreplc
www.linkedin.com/company/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: 29-04-2022 04:15:00
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