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Regulatory update

September 26, 2012

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INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
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BAAR, Switzerland, Sept. 26, 2012 /PRNewswire/ – Glencore International plc
(Glencore) notes the announcement by Viterra Inc. (Viterra). The sole
remaining regulatory approval required to close Glencore’s acquisition
of Viterra is the approval of the Ministry of Commerce of the People’s
Republic of China (MOFCOM) under the Chinese Anti-Monopoly law.

As Viterra’s announcement states, Glencore and Viterra continue to
engage with MOFCOM to ensure approval as soon as possible. In order to
accommodate MOFCOM’s review process, Glencore and Viterra have extended
the outside date for completion of the transaction by one month to
November 15, 2012.  MOFCOM is expected to provide its approval within
this timeframe. Glencore will update the market in due course in
relation to MOFCOM’s approval and when it expects the closing of the
acquisition to occur.

About Glencore International plc

Glencore is one of the world’s leading integrated producers and
marketers of commodities, headquartered in Baar, Switzerland, and
listed on the London and Hong Kong Stock Exchanges. Glencore has
worldwide activities in the production, sourcing, processing, refining,
transporting, storage, financing and supply of Metals and Minerals,
Energy Products and Agricultural Products.

SOURCE Glencore International plc


Source: PR Newswire