/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
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BAAR, Switzerland, Nov. 9, 2012 /CNW/ – Glencore International plc
(Glencore) notes the announcement by Viterra Inc. (Viterra). The sole
remaining regulatory approval condition required to close Glencore’s
acquisition of Viterra is the approval of the Ministry of Commerce of
the People’s Republic of China (MOFCOM) under the Chinese Anti-Monopoly law.

As Viterra’s announcement states, Glencore and Viterra continue to
engage with MOFCOM to ensure approval as soon as possible. The ongoing
review process continues to advance. However, MOFCOM’s approval is no
longer expected to be obtained in time to facilitate a closing of the
acquisition by November 15, 2012.

In order to accommodate MOFCOM’s review process (the waiting period
under the Anti-Monopoly law expires on December 9, 2012) and to allow sufficient time to
facilitate closing, Glencore and Viterra have further extended the
outside date for completion of the acquisition to the latest to occur
of (i) December 10, 2012, and (ii) the third business day after
MOFCOM’s approval is obtained if that approval is obtained on or prior
to December 10, 2012.

Glencore will update the market in due course in relation to MOFCOM’s
approval and when it expects the closing of the acquisition to occur.

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