H2 Distribution-Determination of currency amounts

Glencore plc

Baar, Switzerland

11 September 2023

2023 H2 Distribution

Determination of currency amounts

Glencore confirms that:

1. On 26 May 2023, the shareholders resolved to pay an aggregate distribution of US$0.44 per share in respect of the financial year ended 31 December 2022, payable in H1 and H2 in two equal tranches of US$0.22 per share from the capital contribution reserves of the Company. On 8 August 2023, the Company announced an additional distribution of US$0.08 per share to be paid alongside the H2 distribution. Therefore, the aggregate distribution amount for H2 will be US$0.30 per share, made from the capital contribution reserves of the Company.

2. This repayment is of US$0.30 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 4 September 2023 will receive their distribution payments in either Pounds Sterling, Euros or Swiss Francs. 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 7 September 2023.

The following rates were published in the Financial Times guide to world currencies today:

Accordingly, for non-US dollar payments the amount payable per share on 22 September 2023 will be approximately:

An announcement was made in South Africa on 28 August 2023 regarding the determination of the South African Rand amount payable in respect of shares on the Johannesburg register.

The distributions for 2023 may be deemed "qualified dividends" for US Federal income tax purposes (subject to certain holding period requirements). Distributions paid by the Company may constitute "qualified dividends" because the Company is a "qualified foreign corporation" for US Federal income tax purposes.

For further information please contact:

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 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 support decarbonisation while meeting the energy needs of today.

With around 140,000 employees and contractors and 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.

We recognise our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement by decarbonising our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a 2019 baseline, we are committed to reducing our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050. For more detail see our 2022 Climate Report on the publication page of our website at glencore.com/publications.

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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.