Ann: Change in substantial holding , page-3

Dear Thermofish

I thought we were gone after yesterday's increase in Glencore shareholding.

Mind you with the compulsory acquisition level at 93.38% and the capacity to extend the date for acceptances available to Glencore, there is not a lot of room to move.

This will now depend on the resilience of a few key shareholders.

Unfortunately, the volatility in the market has played directly in to the hands of Glencore but given their record it is probably by design which is precisely the reason I do not want to sell.

Cheers EOS