BAAR, Switzerland, May 29, 2012 /CNW/ – Glencore International plc
(“Glencore”) welcomes the announcement by Viterra Inc. (“Viterra”) that
it has received the required support of Viterra shareholders for its
acquisition of the company. At a special meeting today, Viterra
shareholders passed a special resolution to approve the previously
announced plan of arrangement pursuant to which a wholly owned
subsidiary of Glencore will acquire all of the issued and outstanding
common shares of Viterra for C$16.25 per share, in cash.

Chris Mahoney, Director of Agricultural Products of Glencore, said “We
welcome the response of Viterra’s shareholders to the deal. We look
forward to becoming part of the agriculture industry in Western Canada
and to contributing to the expansion of the grains and oilseeds sector
in those communities now served by Viterra, in Canada, Australia and
elsewhere.”

The Arrangement is subject to a final order of the Ontario Superior
Court of Justice, which is expected to be sought on May 31, 2012. On
May 3, Glencore learned that the Canadian Competition Bureau will not
challenge the transaction. The US statutory waiting period for
antitrust review expired on the same day.

Glencore continues to work within the Investment Canada review process
and to pursue regulatory approvals required to complete the
transaction, which it believes will be of significant benefit to
Canadian farmers and the grains and oilseeds sector generally.

About Glencore International plc
Glencore is one of the world’s leading integrated producers and
marketers of commodities, headquartered in Baar, Switzerland, and
listed on the London and Hong Kong Stock Exchanges. Glencore has
worldwide activities in the production, sourcing, processing, refining,
transporting, storage, financing and supply of Metals and Minerals,
Energy Products and Agricultural Products.

SOURCE Glencore International plc