Distribution information

On 1 December 2016, Glencore announced that it would reinstate its distribution, following the suspension of final distribution for 2015 and the interim distribution for 2016. Details of the distribution to be paid in 2017 are below and from 2018, a new distribution policy will take effect, consisting of a fixed $1 billion base distribution, reflecting the resilience, predictability and stability of marketing cash flows; plus a variable distribution representing a minimum payout of 25% of industrial free cash flow.

The Board will review this matter on a regular basis.

Distributions will be declared and paid in US dollars; however, shareholders on the Jersey register may elect to receive their distribution payments in pounds sterling, euros or Swiss francs. Shareholders on the Hong Kong branch register will receive their distributions in HK dollars. Shareholders on the Johannesburg register will receive their distributions in South African Rand.

Glencore distributions will be effected as a reduction of the capital contribution reserve of the Company. For information on tax treatment please contact your tax advisor.

2017 Distribution Timetable

On 23 February 2017, Glencore plc announced that its Board is recommending an aggregate distribution of US$0.07 per share in respect of the 2016 financial year. This recommendation is subject to shareholder approval at the AGM to be held on 24 May 2017. 

Distributions will be declared and paid in U.S. dollars, although Shareholders on the Jersey register will be able to elect to receive their distribution payments in Pounds Sterling, Euros or Swiss Francs. Shareholders on the Hong Kong branch register will receive their distributions in Hong Kong dollars. Shareholders on the Johannesburg register will receive their distributions in South African Rand.

Subject to shareholder approval, the distribution will be made from the capital contribution reserves of the Company in two equal tranches of $0.035 payable in the first six months of the 2017 financial year (H1) and second six months of the 2017 financial year (H2) in accordance with the following:

H1 Distribution Timetable

Distribution event Date (all 2017)
Applicable exchange rate reference date (Johannesburg Stock Exchange (JSE)) Friday 28 April
Applicable exchange rate announced on the JSE Tuesday 2 May
Last time to trade on JSE to be recorded in the register on record date Close of business (SA) Tuesday 9 May
Last day to effect removal of shares cum div between Jersey and JSE registers Tuesday 9 May
H1 Ex-Div date (JSE and Hong Kong) Wednesday 10 May
H1 Ex-Div date (Jersey) Thursday 11 May
Last time for lodging transfers in Hong Kong 4.30pm Thursday 11 May (HK time)
H1 Distribution Record Date in Hong Kong Opening of business (HK) Friday 12 May
H1 Distribution Record Date for JSE Close of business (SA) Friday 12 May
H1 Distribution Record Date in Jersey Close of business (UK) Friday 12 May
Deadline for return of currency election form (Shareholders on Jersey Register only) Monday 15 May
Removal of shares between the Jersey and JSE registers permissible from Monday 15 May
Applicable exchange rate reference date (Jersey and Hong Kong) Wednesday 17 May
Annual General Meeting – Shareholder vote to approve aggregate 2017 Distribution Wednesday 24 May
H1 Distribution payment date Wednesday 31 May

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 10 May 2017 to Friday 12 May 2017, both days inclusive.

H2 Distribution Timetable

Distribution event

Date (all 2017)

Applicable exchange rate reference date (JSE) Tuesday 29 August
Applicable exchange rate to be announced on the JSE Wednesday 30 August
Last time to trade on JSE to be recorded in the register on record date Close of business (SA) Tuesday 5 September
Last day to effect removal of shares cum div between Jersey and JSE registers Tuesday 5 September
H2 Ex-Div date (JSE and Hong Kong) Wednesday 6 September
H2 Ex-Div date (Jersey) Thursday 7 September
Last time for lodging transfers in Hong Kong 4.30pm Thursday 7 September (HK time)
H2 Distribution Record Date in Hong Kong Opening of business (HK) Friday 8 September
H2 Distribution Record Date for JSE Close of business (SA) Friday 8 September
H2 Distribution Record Date in Jersey Close of business (UK) Friday 8 September
Deadline for return of currency election form (Shareholders on Jersey Register only) Monday 11 September
Removal of shares between the Jersey and JSE registers permissible from Monday 11 September
Applicable exchange rate reference date (Jersey and Hong Kong) Wednesday 13 September
H2 Distribution payment date Tuesday 26 September

Dematerialisation and rematerialisation of registered share certificates in South Africa may not be effected during the period from Wednesday 6 September 2017 to Friday 8 September 2017, both days inclusive.

Distribution enquiries

For all distribution payment queries please contact the Company's registrar at:

Computershare Investor Services (Jersey) Ltd
Queensway House
Hilgrove Street
St Helier
Jersey
Channel Islands JE1 1ES
Shareholder helpline: +44 (0) 870 707 4040
Shareholder fax number: +44 (0) 870 873 5851
Shareholder email: info@computershare.co.je

Hong Kong shareholders

Computershare Hong Kong Investor Services Limited
17M Floor, Hopewell Centre
183 Queens Road East
Wanchai, Hong Kong
Tel: +852 2862 8555
www.computershare.com/hk/investors

JSE shareholders

Computershare Investor Services Limited
70 Marshall Street
Johannesburg
South Africa
Tel: +27 861 100 933
www.computershare.com/za/Pages/default.aspx