Viterra Provides Update on Glencore Transaction

Glencore continues to engage with MOFCOM to ensure approval as soon as possible. MOFCOM is now expected to continue its review into September.

28 Aug 2012 --- Viterra Inc. provided an update regarding the status of regulatory approvals of the proposed acquisition of Viterra by Glencore International plc.

While the closing of the transaction remains subject to the satisfaction or waiver of all applicable conditions, the sole remaining regulatory approval is the approval of the Ministry of Commerce of the People's Republic of China (MOFCOM) under the Chinese Anti-Monopoly Law.

Glencore continues to engage with MOFCOM to ensure approval as soon as possible. MOFCOM is now expected to continue its review into September. Viterra and Glencore will update the market in due course when they expect closing of the acquisition to occur.