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Update on Glencore’s plans to reduce net debt and adapt the business to the current commodity landscape

7 September 2015

Glencore plc (the “Company”) today announces a fully committed proposed equity capital raising of up to US$2.5 billion alongside additional capital preservation / debt reduction measures which, taken together, have an aggregate value of up to US$10.2 billion, and certain other portfolio optimisation and cost reduction actions, with the objective of reducing net debt to the low US$20s billion by the end of 2016. 

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