NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

BAAR, Switzerland, Dec. 7, 2012 /CNW/ – Glencore International plc (“Glencore“) announced that on December 7, 2012 it received notice from the
Ministry of Commerce of the People’s Republic of China (“MOFCOM“) that its acquisition of Viterra Inc. (“Viterra“) has been approved.

This was the final outstanding regulatory approval of Glencore’s
acquisition of Viterra pursuant to a court approved plan of arrangement
(the “Arrangement“). Glencore now expects the effective date of the Arrangement to be
Monday, December 17, 2012, as a result of Viterra and Glencore having
agreed to extend the date for completion of the Arrangement. On the
effective date of the Arrangement, Glencore will release the funds to
be subsequently paid out to shareholders and holders of Viterra’s CHESS
Depositary Interests (CDIs). The necessary arrangements will also be
made to delist Viterra from the Toronto Stock Exchange and the
Australian Securities Exchange.

Further to Glencore’s July 20, 2012 press release, it confirms that upon
closing of the Arrangement the amendments to Viterra’s 5.950% Senior
Notes due 2020 shall be implemented and consent fee payments to
consenting noteholders made shortly thereafter.

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.

Cautionary Statement on Forward-Looking Information
Certain information in this press release is “forward-looking
information” and is prospective in nature. Forward-looking information
is not based on historical facts, but rather on current expectations
and projections about future events, and is therefore subject to risks
and uncertainties which could cause actual results to differ materially
from the future results expressed or implied by the forward-looking
information. This information generally can be identified by the use of
forward-looking words such as “may”, “should”, “will”, “could”,
“intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or
“continue”, or the negative thereof or similar variations.

Forward-looking information is also necessarily based upon a number of
assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Glencore cautions the reader that such
forward-looking information involves known and unknown risks,
uncertainties and other factors that could cause actual results,
performance or achievements of Glencore to differ materially from any
future results, performance or achievements expressed or implied by
such forward-looking information. Many of these risks and uncertainties
relate to factors that are beyond Glencore’s ability to control or
estimate precisely, such as future market conditions, changes in the
regulatory environment and the behaviour of other market participants.
Glencore cannot give any assurance that such forward-looking
information will prove to have been correct.

Although Glencore has no knowledge that would indicate that any
statements contained herein concerning the other or any other parties
are untrue or incomplete, Glencore, nor any of its affiliates or
associates, nor any of its directors or officers, assumes any
responsibility for the accuracy or completeness of such information or
for any failure of any other parties to disclose events or facts which
may have occurred or which may affect the significance or accuracy of
any such information but which are unknown to Glencore. The reader is
cautioned not to place undue reliance on this forward-looking
information, which speaks only as of the date of this press release.

Glencore disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
further events or otherwise, except as required by applicable law.

SOURCE Glencore International plc