Distribution information

From 2018 the Company’s distribution policy is that the Board intends to recommend to shareholders a distribution comprising (1) a fixed $1 billion base distribution and (2) a variable distribution representing a minimum payout of 25% of the free cash flow of the Group’s industrial businesses in the prior financial year.  This will usually be payable in two equal instalments.

Every year the Board will review this policy and determine the distribution payable accordingly.

Distributions are declared and paid in US dollars; however, shareholders on the Jersey (principal) register may elect to receive their distribution payments in pounds sterling, euros or Swiss francs. Shareholders on the Johannesburg register will receive their distributions in South African Rand.  Shareholders who hold their shares via Computershare’s Hong Kong nominee service will receive their distributions in HK dollars.

Distributions have from the Company’s IPO in 2011 been effected as a reduction of the Company’s capital contribution reserves and have been paid free of Swiss withholding tax.  For information on tax treatment please contact your tax advisor.

Please see tabs above.

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

JSE shareholders

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

Hong Kong nominee 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

Glencore plc announced on 20 February 2019 that its Board is recommending an aggregate distribution of US$0.20 per share in respect of the 2018 financial year ended 31 December.

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 who hold shares on the Jersey Register, through the Computershare HK Nominee, will receive their distribution payment in Hong Kong Dollars, converted on the Jersey applicable exchange rate reference date. 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 $0.10 payable in the first six months of the 2019 financial year (H1) and second six months of the 2019 financial year (H2) in accordance with the following:

For 2018 a total distribution of $0.20 per share will be made as approved by shareholders at the AGM on 2 May 2018. This will be payable in two equal parts in accordance with the record dates and timetables set out below:

No distribution was paid in 2016