December 28, 2012

   
Glencore acquires Viterra and announces key management appointments

Glencore International and Viterra Inc. announced that Glencore has completed the acquisition of Viterra and has appointed Fran Malecha and David Mattiske in key management positions.

The acquisition brings Glencore immediate critical mass in the key grain markets of North America through Viterra's substantial Canadian operations. Viterra also materially expands Glencore's existing operations in Australia. The acquisition reinforces Glencore's position as one of the world's leading commodity suppliers.

Fran Malecha, formerly Chief Operating Officer of Viterra, has been appointed Director, Agricultural Products, North America, with responsibility for all North American operations.

Glencore anticipates all integration projects, including the divestment of certain assets to Agrium Inc. and Richardson International Limited, will be completed by the end of 2013. Until the time of divestiture, Glencore will continue to support these assets.