REG - Rio Tinto - No intention to bid statement

Rio TintoAnnouncement

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RNS Number : 9417R  Rio Tinto PLC  05 February 2026

 

Notice to
ASX/LSE

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

 

THIS IS AN ANNOUNCEMENT UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND
MERGERS (THE "CODE")

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE RELEASE

 

No intention to bid statement

5 February 2026

 

Further to the announcement of 8 January 2026, Rio Tinto plc and Rio Tinto
Limited (together, "Rio Tinto") confirm that Rio Tinto is no longer
considering a possible merger or other business combination with Glencore plc
("Glencore"), as Rio Tinto has determined that it could not reach an agreement
that would deliver value to its shareholders.

 

Rio Tinto assessed the opportunity and came to this view through the
disciplined lens set out at its Capital Markets Day in December 2025 -
prioritising long-term value and delivering leading shareholder returns.

 

This announcement is made by Rio Tinto in accordance with Rule 2.8 of the
Code. As a result of this announcement Rio Tinto will, together with any party
acting in concert with it, be bound by the restrictions contained in Rule 2.8
of the Code.

 

Under Note 2 on Rule 2.8 of the Code, Rio Tinto and any person(s) acting in
concert with it reserve the right to set aside the restrictions in Rule 2.8 in
the following circumstances: (i) with the agreement of the board of Glencore;
(ii) if a third party announces a firm intention to make an offer for
Glencore; (iii) if Glencore announces a Rule 9 waiver proposal (see Note 1 of
the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in
the Code); or (iv) if there has been a material change of circumstances (as
determined by the Panel on Takeovers and Mergers).

 

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

 

 

 Media Relations,        Media Relations,
 United Kingdom          Australia

 
 

 Matthew Klar            Matt Chambers

 M +44 7796 630 637      M +61 433 525 739

 Investor Relations,     Investor Relations,
 United Kingdom          Australia

 
 

 Rachel Arellano         Tom Gallop

M +44 7584 609 644

                       M +61 439 353 948

 David Ovington

 M +44 7920 010 978

 Rio Tinto plc           Rio Tinto Limited

 
 

 6 St James's Square     Level 43, 120 Collins Street

 London SW1Y 4AD         Melbourne 3000

 United Kingdom          Australia

 T +44 20 7781 2000      T +61 3 9283 3333

 Registered in England   Registered in Australia

 No. 719885              ABN 96 004 458 404

This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.

 

 

riotinto.com

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