SOURCE: Glencore Canada Corporation

August 10, 2016 16:00 ET

Glencore Canada Corporation Announces Application to Cease to Be a Reporting Issuer in Canada

TORONTO, ON--(Marketwired - August 10, 2016) - Glencore Canada Corporation ("GCC") announced today that it has applied to the securities regulatory authorities in each of the provinces and territories of Canada for a decision deeming it to have ceased to be a reporting issuer in such jurisdictions. GCC has two series of debt securities outstanding, being US$250 million aggregate principal amount of 5.5% unsecured notes due in June 2017 and US$250 million aggregate principal amount of 6.2% unsecured notes due in June 2035 (collectively, the "Notes"). The Notes are fully and unconditionally guaranteed by Glencore plc ("Glencore"), Glencore (Schweiz) AG and Glencore International AG. Glencore International Investments Limited is also a co-obligor of the Notes.

GCC previously obtained relief from the Ontario Securities Commission permitting GCC to satisfy its Canadian public disclosure requirements by filing on the System for Electronic Document Analysis and Retrieval (SEDAR) Glencore's consolidated financial statements, among other of Glencore's UK public disclosure requirements, rather than GCC's consolidated financial statements. If the requested decision is granted by the securities regulatory authorities, GCC will cease to be a reporting issuer in any jurisdiction of Canada and, as a result, will no longer be required to file financial statements and other continuous disclosure documents of itself, Glencore or any other entity with any Canadian securities regulatory authority.

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.

With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 160,000 people, including contractors.

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.

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