Glencore plc

Baar, Switzerland

18 February 2026

Glencore finalises agreement with Gécamines for land access at KCC

Glencore is pleased to announce that it has reached agreement with Gécamines regarding land access for Kamoto Copper Company (KCC).

The agreement unlocks a comprehensive package of long-term mining titles and leases, which is expected to provide the following benefits to KCC and its shareholders:

•    Expansion of tailings storage facility and waste rock dump capacities, enabling KCC life of mine extension;

•    Ability to maximise recovery of ore reserves within existing KCC exploitation permits, including from KOV and T17 mining areas.

Gécamines maintains the rights to any ore reserves extracted from within the leased land package.

"This agreement will allow us to unlock the full potential of KCC by increasing efficiencies at the mine, facilities and other key infrastructure requirements. It will also help us to achieve our c.300,000 tonne p.a. copper production long-term target and extend KCC's life of mine into the mid-2040s." said Mark Davis, Chief Operating Officer of Glencore Copper Africa Region.

"The agreement aligns with the Glencore Copper Strategy of continuing to offer volume upside and longevity to Glencore's Copper Africa Region," said Jon Evans, Industrial Lead Copper at Glencore.

The closing of the agreement is subject to the registration of the mining titles lease agreements in the mining cadastre, which is expected to occur in the coming months.

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. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life

With over 140,000 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 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.

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