Statement Re Proposed Merger XTA and GLEN

Statement in relation to proposed merger of Glencore International plc ("Glencore") with Xstrata plc ("Xstrata")

Doha, 11 September 2012 - Qatar Holding LLC ("QH") notes the announcement made yesterday by Glencore with details of its revision to the terms of the proposed merger of Glencore and Xstrata (the "Revised Proposal"). In order to provide clarity to the market and following consultation with the Takeover Panel, QH wishes to make clear that it has made no decision yet as to whether or not it would accept the Revised Proposal. QH will make its decision in due course after giving careful consideration to the implications of the proposed management changes, the other elements of the Revised Proposal and the views of Xstrata's board.

For further information:

Website: www.qatarholding.qa

Enquiries: +44 (0)20 7861 3232 (Stephen Benzikie / Alisdair Haythornthwaite)

+44 (0)20 7404 5959 (Mike Harrison / Carole Cable)

NOTES TO EDITORS:

QATAR HOLDING LLC

Qatar Holding, a wholly-owned subsidiary of Qatar Investment Authority, is a global investment corporation and a preferred partner of choice for investors, financiers and other stakeholders.

It is envisaged that the already significant investment portfolio of Qatar Holding will continue to grow. Key investments of Qatar Holding include Agricultural Bank of China, Barclays plc, Canary Wharf Group (via Songbird Estates), Credit Suisse Group, Harrods Group, Hassad Food Company, Iberdrola SA, J Sainsbury plc, London Stock Exchange, Lagardere, Porsche, Qatar Exchange, Qatar Telecom, Qatar National Bank, Santander Brasil and Volkswagen AG.