Company Announcement: Disclosure of Holdings: Glencore International and Credit Suisse Group
Zug, 16 July 2003
Xstrata plc ("Xstrata") announces that, further to the announcement of 29 May 2003, regarding a capital Management Programme ("the arrangement") entered into between Glencore International AG ("Glencore") and Credit Suisse First Boston ("CSFB"), Xstrata has been notified of a change in the interests of Glencore and Credit Suisse Group in Xstrata's ordinary shares.
Glencore, Credit Suisse First Boston Equities Limited ("CSFB Equities") and Credit Suisse First Boston (Europe) Limited ("CSFBE") are jointly interested in a total of 252,868,007 shares (40.04%).
Glencore are the beneficial owners holding full economic and voting rights over 101,040,400 shares (16%). In addition, Glencore is interested in a further 151,827,607 shares (24.04%) held by CSFB Equities. Glencore therefore has an interest in a total of 252,868,007 shares (40.04%).
Xstrata has also been notified by Credit Suisse Group ("CSG") of its interests in Xstrata shares, whereby:
- CSFB Equities has an interest in 151,827,607 shares (24.04%) and also 101,040,400 shares (16%) by virtue of the arrangement; and
- CSFBE has an interest in 90,000,000 shares (14.25%) and also 162,868,007 shares (25.79%) by virtue of the arrangement.
In addition, CSG has an interest in a further 3,512,088 shares (0.56%) outside of the arrangement.
For further information on the arrangement and the current holdings, please refer to the press release dated 29 May 2003 and to the notifications by CSG and Glencore made on RNS this morning.
ends
Xstrata contacts
Trevor Reid
Telephone +44 20 7968 2808
email treid@xstrata.com
Justine Winn
Telephone +61 2 9253 6748
Mobile +61 416 196 403
email jwinn@xstratacoal.com
Brigitte Mattenberger
Telephone +41 41 726 6071
Mobile +41 79 381 1823
email bmattenberger@xstrata.com
Michael Oke & Claire Bithell
Prospero Financial
Telephone +44 20 7898 9394/9387
Mobile +44 7778 469630/07796 278 294