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Form 8.5 (EPT/NON-RI)xstrata

24th Sep 2012 16:25

RNS Number : 0179N

BNP Paribas London

24 September 2012

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	BNP Paribas
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Xstrata plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Glencore International plc
(d) Date position held/dealing undertaken:	21/09/2012
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Yes

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	USD 0.5 ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	11,944,882	0.40	n/a	0.00
(2) Derivatives (other than options):	976,222	0.03	6,030,217	0.20
(3) Options and agreements to purchase/sell:	12,335,199	0.41	8,443,793	0.28
TOTAL:	25,256,303	0.84	14,474,010	0.48

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:	n/a
Details, including nature of the rights concerned and relevant percentages:	n/a

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of Securities	Price per unit
USD 0.5 ordinary	Purchase	389,000	12.0000
USD 0.5 ordinary	Purchase	2,726,120	10.5750
USD 0.5 ordinary	Purchase	4,410	10.5700
USD 0.5 ordinary	Purchase	705	10.5650
USD 0.5 ordinary	Purchase	504	10.5600
USD 0.5 ordinary	Purchase	674	10.5550
USD 0.5 ordinary	Purchase	1,760	10.5500
USD 0.5 ordinary	Purchase	2,258	10.5450
USD 0.5 ordinary	Purchase	2,531	10.5400
USD 0.5 ordinary	Purchase	200	10.5250
USD 0.5 ordinary	Purchase	347	10.5200
USD 0.5 ordinary	Purchase	1,000	10.5150
USD 0.5 ordinary	Purchase	526	10.5100
USD 0.5 ordinary	Purchase	104	10.5000
USD 0.5 ordinary	Purchase	2,445	10.4900
USD 0.5 ordinary	Purchase	1,280	10.4850
USD 0.5 ordinary	Purchase	1,346	10.4800
USD 0.5 ordinary	Purchase	3,986	10.4750
USD 0.5 ordinary	Purchase	263	10.4700
USD 0.5 ordinary	Purchase	12,056	10.4600
USD 0.5 ordinary	Purchase	6,473	10.4550
USD 0.5 ordinary	Purchase	797	10.4500
USD 0.5 ordinary	Purchase	400	10.4450
USD 0.5 ordinary	Purchase	4,196	10.4400
USD 0.5 ordinary	Purchase	25,921	10.4350
USD 0.5 ordinary	Purchase	3,940	10.4300
USD 0.5 ordinary	Purchase	440	10.4250
USD 0.5 ordinary	Purchase	5,769	10.4200
USD 0.5 ordinary	Purchase	291	10.4100
USD 0.5 ordinary	Purchase	391	10.4050
USD 0.5 ordinary	Purchase	6,027	10.3950
USD 0.5 ordinary	Purchase	501	10.3800
USD 0.5 ordinary	Purchase	1,553	10.3750
USD 0.5 ordinary	Purchase	4,540	10.3700
USD 0.5 ordinary	Purchase	99	10.3651
USD 0.5 ordinary	Purchase	10,984	10.3650
USD 0.5 ordinary	Purchase	30,306	10.3600
USD 0.5 ordinary	Purchase	150	10.3551
USD 0.5 ordinary	Purchase	31,828	10.3550
USD 0.5 ordinary	Purchase	148	10.3451
USD 0.5 ordinary	Purchase	4,608	10.3450
USD 0.5 ordinary	Purchase	9,132	10.3400
USD 0.5 ordinary	Purchase	132	10.3351
USD 0.5 ordinary	Purchase	607	10.3350
USD 0.5 ordinary	Purchase	477	10.3300
USD 0.5 ordinary	Purchase	4,050	10.3270
USD 0.5 ordinary	Purchase	12,753	10.3250
USD 0.5 ordinary	Purchase	3,792	10.3200
USD 0.5 ordinary	Purchase	3,306	10.3150
USD 0.5 ordinary	Purchase	11,504	10.3100
USD 0.5 ordinary	Purchase	3,035	10.3050
USD 0.5 ordinary	Purchase	25,589	10.3000
USD 0.5 ordinary	Purchase	15,000	10.2990
USD 0.5 ordinary	Purchase	2,809	10.2950
USD 0.5 ordinary	Purchase	2,260	10.2900
USD 0.5 ordinary	Purchase	19,629	10.2850
USD 0.5 ordinary	Purchase	20,008	10.2800
USD 0.5 ordinary	Purchase	6,101	10.2750
USD 0.5 ordinary	Purchase	10,085	10.2700
USD 0.5 ordinary	Purchase	32,521	10.2650
USD 0.5 ordinary	Purchase	373	10.2600
USD 0.5 ordinary	Purchase	2,226	10.2550
USD 0.5 ordinary	Purchase	20,000	10.2400
USD 0.5 ordinary	Purchase	25,584	10.2250
USD 0.5 ordinary	Purchase	234	10.2150
USD 0.5 ordinary	Purchase	715	10.2100
USD 0.5 ordinary	Purchase	600	10.1900
USD 0.5 ordinary	Purchase	3,207	10.1850
USD 0.5 ordinary	Purchase	10	10.1500
USD 0.5 ordinary	Purchase	5,982	10.1450
USD 0.5 ordinary	Purchase	10,796	10.1400
USD 0.5 ordinary	Purchase	11,200	10.1350
USD 0.5 ordinary	Purchase	4,619	10.1300
USD 0.5 ordinary	Purchase	10,000	10.0750
USD 0.5 ordinary	Purchase	3,008	10.0700
USD 0.5 ordinary	Purchase	29	10.0650
USD 0.5 ordinary	Purchase	23,412	10.0600
USD 0.5 ordinary	Purchase	3,569	10.0550
USD 0.5 ordinary	Purchase	153,066	10.0500
USD 0.5 ordinary	Purchase	67,000	10.0000
USD 0.5 ordinary	Purchase	412,000	9.6000
USD 0.5 ordinary	Purchase	600,000	9.4000
USD 0.5 ordinary	Purchase	100,000	9.2000
USD 0.5 ordinary	Purchase	725,000	9.0000
	Total	5,656,297

USD 0.5 ordinary	Sale	10,000	12.0000
USD 0.5 ordinary	Sale	45,000	11.0000
USD 0.5 ordinary	Sale	286	10.5800
USD 0.5 ordinary	Sale	2,112	10.5750
USD 0.5 ordinary	Sale	1,594	10.5650
USD 0.5 ordinary	Sale	1,415	10.5600
USD 0.5 ordinary	Sale	855	10.5450
USD 0.5 ordinary	Sale	4,104	10.5428
USD 0.5 ordinary	Sale	2,016	10.5400
USD 0.5 ordinary	Sale	2,073	10.5200
USD 0.5 ordinary	Sale	500	10.5100
USD 0.5 ordinary	Sale	345,806	10.5000
USD 0.5 ordinary	Sale	685	10.4950
USD 0.5 ordinary	Sale	312,060	10.4900
USD 0.5 ordinary	Sale	1,809	10.4850
USD 0.5 ordinary	Sale	1,277	10.4800
USD 0.5 ordinary	Sale	26	10.4700
USD 0.5 ordinary	Sale	2,443	10.4550
USD 0.5 ordinary	Sale	887	10.4450
USD 0.5 ordinary	Sale	5,444	10.4350
USD 0.5 ordinary	Sale	842	10.4300
USD 0.5 ordinary	Sale	831	10.4100
USD 0.5 ordinary	Sale	603,890	10.4050
USD 0.5 ordinary	Sale	628	10.4000
USD 0.5 ordinary	Sale	1,898	10.3950
USD 0.5 ordinary	Sale	3,085	10.3800
USD 0.5 ordinary	Sale	500	10.3600
USD 0.5 ordinary	Sale	2,169	10.3450
USD 0.5 ordinary	Sale	1,455	10.3400
USD 0.5 ordinary	Sale	337	10.3350
USD 0.5 ordinary	Sale	420	10.3300
USD 0.5 ordinary	Sale	1,280	10.3200
USD 0.5 ordinary	Sale	1,260	10.3150
USD 0.5 ordinary	Sale	210	10.3100
USD 0.5 ordinary	Sale	789	10.3050
USD 0.5 ordinary	Sale	504	10.3000
USD 0.5 ordinary	Sale	4,150	10.2900
USD 0.5 ordinary	Sale	1,160	10.2850
USD 0.5 ordinary	Sale	615	10.2800
USD 0.5 ordinary	Sale	997	10.2750
USD 0.5 ordinary	Sale	1,860	10.2700
USD 0.5 ordinary	Sale	170	10.2651
USD 0.5 ordinary	Sale	1,480	10.2650
USD 0.5 ordinary	Sale	5,677	10.2600
USD 0.5 ordinary	Sale	405	10.2550
USD 0.5 ordinary	Sale	210	10.2500
USD 0.5 ordinary	Sale	85	10.2451
USD 0.5 ordinary	Sale	125	10.2450
USD 0.5 ordinary	Sale	359	10.2400
USD 0.5 ordinary	Sale	61	10.2351
USD 0.5 ordinary	Sale	193	10.2350
USD 0.5 ordinary	Sale	422	10.2300
USD 0.5 ordinary	Sale	67	10.2251
USD 0.5 ordinary	Sale	1,178	10.2250
USD 0.5 ordinary	Sale	630	10.2200
USD 0.5 ordinary	Sale	2,096	10.1950
USD 0.5 ordinary	Sale	210	10.1850
USD 0.5 ordinary	Sale	420	10.1700
USD 0.5 ordinary	Sale	210	10.1650
USD 0.5 ordinary	Sale	405	10.1500
USD 0.5 ordinary	Sale	210	10.1450
USD 0.5 ordinary	Sale	420	10.1400
USD 0.5 ordinary	Sale	500	10.1350
USD 0.5 ordinary	Sale	1,752	10.1300
USD 0.5 ordinary	Sale	1,415	10.1250
USD 0.5 ordinary	Sale	800	10.1200
USD 0.5 ordinary	Sale	210	10.1050
USD 0.5 ordinary	Sale	2,399	10.0850
USD 0.5 ordinary	Sale	500	10.0800
USD 0.5 ordinary	Sale	81	10.0751
USD 0.5 ordinary	Sale	929	10.0750
USD 0.5 ordinary	Sale	1,010	10.0700
USD 0.5 ordinary	Sale	800	10.0650
USD 0.5 ordinary	Sale	500	10.0600
USD 0.5 ordinary	Sale	778	10.0550
USD 0.5 ordinary	Sale	263,112	10.0500
USD 0.5 ordinary	Sale	20,000	9.6000
USD 0.5 ordinary	Sale	500,000	9.2000
USD 0.5 ordinary	Sale	750,000	8.8000
USD 0.5 ordinary	Sale	20,000	8.6000
USD 0.5 ordinary	Sale	30,000	8.4000
	Total	2,979,091

(b) Derivatives transactions (other than options)

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

None

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying Buy etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
USD 0.5 ordinary	Put	Buy	50,000	10.50	E	19/10/2012	49.50
USD 0.5 ordinary	Put	Buy	5,000	10.50	E	19/10/2012	54.50
USD 0.5 ordinary	Call	Buy	27,000	11.00	E	19/10/2012	16.50
USD 0.5 ordinary	Call	Buy	13,000	11.00	E	19/10/2012	16.50
USD 0.5 ordinary	Call	Buy	25,000	11.00	E	19/10/2012	18.00
USD 0.5 ordinary	Call	Buy	10,000	11.00	E	19/10/2012	16.50
USD 0.5 ordinary	Call	Buy	25,000	11.00	E	19/10/2012	18.00

(ii) Excercising

Class of relevant security	Product description e.g. call option	Number of securities	Exercise price per unit
USD 0.5 ordinary	Put	60,000	7.60
USD 0.5 ordinary	Put	40,000	7.80
USD 0.5 ordinary	Put	30,000	7.80
USD 0.5 ordinary	Put	140,000	8.00
USD 0.5 ordinary	Call	30,000	8.40
USD 0.5 ordinary	Put	40,000	8.40
USD 0.5 ordinary	Put	10,000	8.40
USD 0.5 ordinary	Call	20,000	8.60
USD 0.5 ordinary	Put	500,000	8.80
USD 0.5 ordinary	Put	610,000	8.80
USD 0.5 ordinary	Call	750,000	8.80
USD 0.5 ordinary	Call	725,000	9.00
USD 0.5 ordinary	Put	120,000	9.00
USD 0.5 ordinary	Call	100,000	9.20
USD 0.5 ordinary	Put	511,000	9.20
USD 0.5 ordinary	Call	500,000	9.40
USD 0.5 ordinary	Call	100,000	9.40
USD 0.5 ordinary	Call	32,000	9.60
USD 0.5 ordinary	Put	250,000	9.60
USD 0.5 ordinary	Put	1,520,000	10.00
USD 0.5 ordinary	Call	52,000	10.00
USD 0.5 ordinary	Put	20,000	10.00
USD 0.5 ordinary	Put	370,000	10.50
USD 0.5 ordinary	Call	85,000	10.50
USD 0.5 ordinary	Call	285,000	11.00
USD 0.5 ordinary	Put	45,000	11.00
USD 0.5 ordinary	Put	400,000	12.00
USD 0.5 ordinary	Put	21,000	12.00
USD 0.5 ordinary	Call	20,000	12.00
USD 0.5 ordinary	Call	40,000	14.00
USD 0.5 ordinary	Call	10,000	14.00

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

None

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

None

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

Is a Supplemental Form 8 (Open Positions) attached?		Yes
Date of disclosure:	24 September 2012
Contact name:	Dirk Young
Telephone number:	0207 595 4871

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected].

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Identity of person whose open positions are being disclosed:

BNP Paribas

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

Xstrata plc

2. OPTIONS AND DERIVATIVES

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
USD 0.5 ordinary	Call	Sell	600,000	8.00	E	20/12/2012
USD 0.5 ordinary	Put	Sell	51,636	7.20	E	21/12/2012
USD 0.5 ordinary	Call	Sell	51,636	7.20	E	21/12/2012
USD 0.5 ordinary	Put	Buy	680,000	8.00	A	21/12/2012
USD 0.5 ordinary	Put	Sell	50,000	8.00	E	21/12/2012
USD 0.5 ordinary	Call	Sell	45,095	8.26	E	21/12/2012
USD 0.5 ordinary	Put	Sell	45,095	8.26	E	21/12/2012
USD 0.5 ordinary	Call	Sell	30,000	8.40	E	21/12/2012
USD 0.5 ordinary	Put	Sell	20,000	8.40	E	21/12/2012
USD 0.5 ordinary	Put	Buy	543,000	8.80	A	21/12/2012
USD 0.5 ordinary	Put	Sell	33,000	8.80	E	21/12/2012
USD 0.5 ordinary	Call	Buy	11,000	8.80	E	21/12/2012
USD 0.5 ordinary	Put	Buy	70,000	9.20	A	21/12/2012
USD 0.5 ordinary	Call	Buy	83,000	9.20	E	21/12/2012
USD 0.5 ordinary	Put	Sell	750,000	9.20	E	21/12/2012
USD 0.5 ordinary	Call	Buy	1,000	9.60	E	21/12/2012
USD 0.5 ordinary	Call	Buy	1,525,000	10.00	A	21/12/2012
USD 0.5 ordinary	Put	Buy	1,500,000	10.00	A	21/12/2012
USD 0.5 ordinary	Put	Sell	150,000	10.00	A	21/12/2012
USD 0.5 ordinary	Call	Buy	110,000	10.00	A	21/12/2012
USD 0.5 ordinary	Put	Sell	100,000	10.00	A	21/12/2012
USD 0.5 ordinary	Put	Buy	500,000	11.00	A	21/12/2012
USD 0.5 ordinary	Call	Buy	575,000	11.00	A	21/12/2012
USD 0.5 ordinary	Put	Sell	150,000	11.00	A	21/12/2012
USD 0.5 ordinary	Call	Sell	500,000	12.00	A	21/12/2012
USD 0.5 ordinary	Call	Buy	250,000	12.00	A	21/12/2012
USD 0.5 ordinary	Call	Buy	300,000	13.00	E	21/12/2012
USD 0.5 ordinary	Put	Buy	300,000	13.00	E	21/12/2012
USD 0.5 ordinary	Call	Buy	15,000	13.00	A	21/12/2012
USD 0.5 ordinary	Call	Sell	37,000	13.00	E	21/12/2012
USD 0.5 ordinary	Put	Buy	125,000	15.00	A	21/12/2012
USD 0.5 ordinary	Put	Sell	16,000	7.20	E	15/03/2013
USD 0.5 ordinary	Put	Sell	16,000	7.20	E	15/03/2013
USD 0.5 ordinary	Put	Buy	33,000	8.00	E	15/03/2013
USD 0.5 ordinary	Put	Buy	61,000	8.40	E	15/03/2013
USD 0.5 ordinary	Call	Sell	16,000	9.60	E	15/03/2013
USD 0.5 ordinary	Call	Buy	10,000	10.00	E	15/03/2013
USD 0.5 ordinary	Call	Sell	24,963	10.57	E	02/05/2013
USD 0.5 ordinary	Put	Sell	24,963	10.57	E	02/05/2013
USD 0.5 ordinary	Put	Buy	10,000	8.80	A	21/06/2013
USD 0.5 ordinary	Put	Buy	750,000	9.20	A	21/06/2013
USD 0.5 ordinary	Call	Sell	250,000	10.00	A	21/06/2013
USD 0.5 ordinary	Put	Sell	150,000	7.20	E	20/12/2013
USD 0.5 ordinary	Call	Sell	150,000	8.00	E	20/12/2013
USD 0.5 ordinary	Put	Sell	150,000	8.00	E	20/12/2013
USD 0.5 ordinary	Put	Buy	250,000	8.20	E	20/06/2014
USD 0.5 ordinary	Put	Buy	90,000	14.00	A	19/12/2014

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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