Aabar Investments Intends to Invest a Total of $1.0 Billion in Glencore's IPO and Will be the Largest Cornerstone Investor in the Company

Abu Dhabi, Uae (ots/PRNewswire) - Aabar Investments PJS
("Aabar") today confirmed an investment of $850 million in Glencore
International plc ("Glencore") as a cornerstone investor with an
intention to invest an additional $150 million in the Global Offer.
Glencore is one of the world's leading integrated producers and
marketers of commodities. This investment makes Aabar the largest
cornerstone investor in the IPO.

His Excellency Khadem Al Qubaisi, Chairman of Aabar: "We are
pleased to count ourselves as the largest new shareholder of Glencore
post its IPO. Glencore is known for its achievements and value
creation in the resources space and we are excited about the
potential opportunities between Abu Dhabi and Glencore given Abu
Dhabi's leadership in petrochemicals and hydrocarbons domestically
and around the world. The investment is consistent with our policy of
investments and strategic partnerships with global market leading
businesses and, we are looking forward to a successful partnership
with the company".

The $850 million investment represents the foundation of Aabar's
commitment as the largest cornerstone shareholder in Glencore and the
sovereign wealth fund intends to acquire additional shares in the
Global Offer to bring its initial investment up to $1 billion in the
short term.

"Given Aabar's focus on value enhancing investments and the great
opportunity that global commodities offer we intend to explore in due
course areas of co-operation between the two firms. This is an
important milestone in Aabar's development strategy and we are proud
to lead this effort," adds Mohamed Al-Husseiny, CEO of Aabar.

About Aabar

Aabar is an investment company headquartered in Abu Dhabi with
investments around the world. It invests in various sectors including
financial services, automotive, real estate, energy, manufacturing &
technology and aerospace, with many of its investments being made by
way of international partnerships and alliances. Its largest
stakeholder is the International Petroleum Investment Company (IPIC),
which is wholly owned by the Government of the Emirate of Abu Dhabi.

About Glencore

Glencore is one of the world's leading integrated producers and
marketers of commodities that industries around the world need.
Customers in industries such as automotive, power generation, steel
production and food processing, rely upon Glencore's established
global network of operations as a source of metals and minerals,
energy products and agricultural products. These commodities either
originate from Glencore's owned production assets or are secured from
third parties, and benefit from the refining, processing and
marketing expertise of Glencore. The Group also provides financing,
logistics and other supply chain services to producers and consumers
of commodities.

Glencore was founded in 1974. It is currently a privately-held
group owned by its management and employees. Headquartered in Baar,
Switzerland, Glencore employs over 2,700 people in its marketing
operations in 50 offices across 40 countries. In its industrial
operations, Glencore employs over 54,800 people in 30 countries.
Glencore has interests in various publicly listed companies including
34.5% in Xstrata, 44% economic (39% voting) in Century Aluminum,
70.5% in Minara Resources, 74.4% in Katanga Mining, 8.8% in UCR,
51.5% in Chemoil Energy and 32.2% in Recylex.

http://www.aabar.com

ots Originaltext: Aabar Investments PJS
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Contact:
For more information, please contact: Mohamed Badawy
Al-Husseiny,Aabar Investments PJS, +971-2-626-4466, info@aabar.com