Holding(s) in Company

THE EVENT TO WHICH THIS NOTIFICATION RELATES DOES NOT AFFECT THE NUMBER OF SHARES AND VOTING RIGHTS IN XSTRATA CONTROLLED BY GLENCORE. THE TOTAL NUMBER OF VOTING RIGHTS CONTROLLED BY GLENCORE REMAINS 1,010,403,999 (33.65%).

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Xstrata plc ("Xstrata")

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Intra-group transfer

X

3. Full name of person(s) subject to thenotification obligation:

Glencore International plc ("Glencore")

4. Full name of shareholder(s)  (if different from 3.):

Finges Investment B.V. ("Finges")

5. Date of the transaction and date onwhich the threshold is crossed orreached:

28 December 2012

6. Date on which issuer notified:

28 December 2012

7. Threshold(s) that is/are crossed orreached:

33.65% (but please see paragraph 13 for more details)

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Xstrata ordinary shares

1,010,403,999

1,010,403,999

N/A

N/A

1,010,403,999

N/A

33.65%

GB0031411001

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,010,403,999

33.65% (but please see paragraph 13 for more details)

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Glencore controls 1,010,403,999 voting rights in Xstrata through its wholly-owned subsidiary Finges (through the direct ownership by Finges of 1,010,403,999 ordinary shares in Xstrata).

See paragraph 13 for further details.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

The transaction does not give Finges and/or Glencore any further voting rights, or any right (absolute or conditional) to acquire any further voting rights, in Xstrata

14. Contact name:

John Burton

15. Contact telephone number:

+41 41 709 2000

Richard Elliston

Alison Flynn

Telephone

+44 20 7968 2885

Telephone

+44 20 7968 2838

Mobile

+44 7759 924 576

Mobile

+44 7769 314374

Email

[email protected]

Email

[email protected]

www.xstrata.com