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BIL - BHP Billiton Plc - BHP Billiton successful in High Court on Australian

Release Date: 01/06/2011 07:06
Code(s): BIL
Wrap Text

BIL - BHP Billiton Plc - BHP Billiton successful in High Court on Australian Taxation Office Assessments BHP Billiton Plc Share code: BIL ISIN: GB0000566504 NEWS RELEASE Release Time IMMEDIATE Date 1 June 2011 Number 16/11 BHP BILLITON SUCCESSFUL IN HIGH COURT ON AUSTRALIAN TAXATION OFFICE ASSESSMENTS The High Court of Australia has today decided in favour of BHP Billiton in its dispute with the Australian Taxation Office over certain tax issues relating to BHP Billiton`s former Hot Briquetted Iron project. The dispute concerned the clawback of capital allowance deductions claimed by BHP Billiton for the Hot Briquetted Iron plant. As a result of the decision, an income tax credit of approximately US$580 million will be recognised as an exceptional item in the Company`s June 2011 financial results. Further information on BHP Billiton can be found on our Internet site: www.bhpbilliton.com Australia: Investor Relations United Kingdom & South Africa Brendan Harris Andre Liebenberg, Investor Relations Tel: +61 3 9609 4323 Tel: +44 20 7802 4131 Mobile: +61 437 134 814 Mobile: +44 7920 236 974 email: Brendan.Harris@bhpbilliton.com email: Andre.Liebenberg@bhpbilliton.com Andrew Gunn, Investor Relations Tel: +61 3 9609 3575 United Kingdom & Americas Mobile: +61 439 558 454 Ruban Yogarajah, Media Relations email: Andrew.Gunn@bhpbilliton.com Tel: US +1 713 966 2907 or UK +44 20 7802 4033 Australia: Media Relations Mobile: UK +44 7827 082 022 Samantha Stevens, Media Relations email: Tel: +61 3 9609 2898 Ruban.Yogarajah@bhpbilliton.com Mobile: +61 400 693 915 email: Americas Samantha.Stevens@bhpbilliton.com Scott Espenshade, Investor Relations Tel: +1 713 599 6431 Kelly Quirke, Media Relations Mobile: +1 713 208 8565 Tel: +61 3 9609 2896 email: Mobile: +61 429 966 312 Scott.Espenshade@bhpbilliton.com email: Kelly.Quirke@bhpbilliton.com Fiona Martin, Media Relations Tel: +61 3 9609 2211 Mobile: +61 427 777 908 email: Fiona.Martin2@bhpbilliton.com BHP Billiton Limited BHP Billiton Plc Registration number ABN 49 004 028 077 3196209 Registered in Australia Registered in England and Wales Registered Office: Registered Office: Neathouse Place 180 Lonsdale Street London SW1V 1BH United Kingdom Melbourne Victoria 3000 Australia Tel +44 20 7802 4000 Tel +61 1300 55 4757 Fax +44 20 7802 4111 Fax +61 3 9609 3015 Members of the BHP Billiton group which is headquartered in Australia Date: 01/06/2011 07:06:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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