Glencore Says Evaluating Position Under Contracts With Rusal

April 10 (Reuters) – Glencore PLC: * GLENCORE NOTES DESIGNATION OF UNITED COMPANY RUSAL PLC (“RUSAL”) AND EN+ GROUP PLC (“EN+”) AS SPECIALLY DESIGNATED NATIONALS (“SDNS”) BY UNITED STATES GOVERNMENT * GLENCORE HAS VARIOUS CONTRACTS WITH RUSAL FOR PURCHASE OF ALUMINIUM AND ALUMINA * GLENCORE IS COMMITTED TO COMPLYING WITH ALL APPLICABLE SANCTIONS IN ITS BUSINESS AND IS TAKING ALL NECESSARY MEASURES IN ORDER TO MITIGATE ANY RISKS * STILL EVALUATING POSITION UNDER ITS CONTRACTS WITH RUSAL, BUT NOTES THAT THESE CONTRACTS ARE NOT FINANCIALLY MATERIAL TO GLENCORE * MR. GLASENBERG HAS RESIGNED FROM HIS POSITION AS A DIRECTOR OF RUSAL * GLENCORE HAS PREVIOUSLY SIGNED A NON-BINDING TERM SHEET WITH EN+ REGARDING SWAPPING ITS SHARES IN RUSAL FOR GLOBAL DEPOSITARY RECEIPTS IN EN+ * GLENCORE WILL NOT PROCEED WITH TRANSACTION AT THIS TIME IN LIGHT OF DESIGNATION OF RUSAL AND EN+ AS SDNS