Glencore plc

Baar, Switzerland

5 August 2025

Resolution passed at General Meeting and commencement of off-market share buy-backs 

Glencore plc announces that the following resolution was passed as a special resolution at today's General Meeting:

In summary:

a) the buyback contract (the Contract) entered into between the Company and UBS AG (UBS) be and is hereby approved, and the Company be and is hereby authorised to undertake purchases of its ordinary shares otherwise than on a stock exchange; and

b) the Board of Directors be and is hereby authorised on behalf of the Company to agree non-material amendments to the Contract, whether before or after the General Meeting.

The result of the poll was:

*Total voting rights of the Company's ordinary shares (Shares) in issue, excluding 1,311,309,041 held in treasury.

On 7 July 2025, the Company announced the commencement of a programme to make purchases of its Shares of an aggregate value of up to USD 1 billion, subject to market conditions, with completion planned to be by the time of release of its financial results for the 2025 year in February 2026. Since the commencement of this programme, the Company has completed market purchases of its Shares of an aggregate value of approximately USD 78,780,000, resulting in up to approximately USD 921,220,000 of purchases remaining under the programme as at close of dealings yesterday. It is intended that on-market purchases of Shares will continue under the programme up to and including this Friday, 8 August.

Following the approval of the Contract with UBS at the General Meeting, it is intended that UBS will commence buying Shares from next Monday, 11 August 2025 for the purpose of selling Shares weekly to the Company on an off-market basis pursuant to the Contract. These transactions are expected to continue in respect of the balance under the programme at that time. All Shares purchased under the Contract will be cancelled upon settlement. The programme will continue to be effected in accordance with the terms of the authorities granted by shareholders at the 2025 AGM and the General Meeting.

Under the Contract, UBS may make trading decisions in accordance with the directions of the Company. If the Company is unable to do so, UBS is mandated to make trading decisions concerning purchases under the Contract independently of the Company. UBS may undertake transactions in the Shares (which may include sales as well as purchases and may include participating in block purchases) in order to meet its obligations pursuant to the Contract. The market will be notified following each purchase by the Company of Shares from the Bank under the Contract, which is expected to occur weekly for the duration of the programme.

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 over 150,000 employees and Contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 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 will support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. For more information see our 2024-2026 Climate Action Transition Plan, available on our website at glencore.com/publications.

linkedin.com/company/glencore

x.com/glencore

instagram.com/glencoreplc

facebook.com/glencore

youtube.com/glencorevideos

Important Information

This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore's 2024 Annual Report, which is available at glencore.com/publications. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities.

Other information
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.