Statement re XTA

Qatar Holding LLC ("QH")

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

London, 26 June 2012 - In order to provide clarity to the market, QH announces that it has today informed Glencore that, whilst it sees merit in a combination of the two companies, it is seeking improved merger terms. QH believes that an exchange ratio of 3.25 new Glencore shares for every one existing Xstrata share would provide a more appropriate distribution of benefits of the merger whilst properly recognising the intrinsic stand-alone value of Xstrata.

QH is being advised in this matter by Lazard.

FOR FURTHER INFORMATION:

Website: www.qatarholding.qa

Enquiries: [email protected] / tel: +44 (0)20 7861 3232 / +44 7740 038929 (Stephen Benzikie / Alisdair Haythornthwaite)

NOTES TO EDITORS:

QATAR HOLDING LLC

Qatar Holding LLC, 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.