Glencore has resolved the previously disclosed investigations by authorities in the United States, the United Kingdom and Brazil into past activities in certain Group businesses related to bribery, and separate US investigations related to market manipulation. Glencore cooperated with these investigations. Under the terms of the US resolutions, Glencore will pay penalties of USD 700 million to resolve bribery investigations and USD 486 million to resolve market manipulation investigations by the Department of Justice and the Commodity Futures Trading Commission. Of this amount, up to USD 166 million will be credited against other, parallel matters, including in the UK, so that the net amount payable to the US authorities is expected to be USD 1,020 million. Glencore has further agreed to pay USD 40 million under a resolution signed with the Brazilian Federal Prosecutor’s Office in connection with its bribery investigation into the Group.Glencore Energy UK Limited has also indicated that it will plead guilty to charges brought by the UK Serious Fraud Office in respect of its bribery investigation. The penalty to be paid will be determined following a sentencing hearing currently scheduled for 21 June 2022.The plea agreements entered into by Glencore International AG and Glencore Ltd with the DOJ each provide for the appointment of an independent compliance monitor for a period of three years to assess and monitor the Company’s compliance with the agreements and evaluate the effectiveness of its compliance program and internal controls.Glencore continues to cooperate with a previously disclosed and ongoing investigation by the Office of the Attorney General of Switzerland into Glencore International AG for failure to have the organisational measures in place to prevent alleged corruption, and an investigation of similar scope by the Dutch Public Prosecution Service. The timing and outcome of these investigations remain uncertainStarting before the Company knew of the DOJ’s investigations, Glencore has invested substantial resources towards developing a best-in-class Ethics and Compliance Program. Glencore has also taken extensive remediation actions, including through the separation or discipline of employees involved in the wrongdoing. The Company has a refreshed Board and management team, who are dedicated to fostering a culture of integrity, responsibility and transparency. The DOJ noted certain enhancements to Glencore’s compliance program and internal controls in the resolutions.