Update on Portfolio Simplification BHP Billiton Plc Registration number 3196209 Registered in England and Wales Share code: BIL ISIN: GB0000566504 NEWS RELEASE Release Time IMMEDIATE Date 15 August 2014 Number 12/14 UPDATE ON PORTFOLIO SIMPLIFICATION BHP Billiton has been simplifying its portfolio for over a decade and is pursuing options to make the Company simpler and more productive. As we announced on 1 April 2014, we are actively studying the next phase of simplification, including structural options. We believe that a portfolio focused on our major iron ore, copper, coal and petroleum assets would retain the benefits of diversification, generate stronger growth in cash flow and a superior return on investment. By increasing our focus on these four pillars, with potash as a potential fifth, we will be able to more quickly improve the productivity and performance of our largest businesses. Since then, the Board has continued to study various structural alternatives including at its meeting this week. A demerger of a selection of assets is our preferred option. The Board expects to consider this, and other matters, when it reconvenes next week. If any material decisions are made, they will be announced immediately. Further information on BHP Billiton can be found at: www.bhpbilliton.com. Media Relations Investor Relations Australia Australia Emily Perry Tara Dines Tel: +61 3 9609 2800 Mobile: +61 477 325 803 Tel: +61 3 9609 2222 Mobile: +61 499 249 005 email: Emily.Perry@bhpbilliton.com email: Tara.Dines@bhpbilliton.com Paul Hitchins Jodie Phillips Tel: + 61 3 9609 2592 Mobile: + 61 419 315 001 Tel: +61 3 9609 2069 Mobile: +61 418 710 516 email: Paul.Hitchins@bhpbilliton.com email: Jodie.Phillips@bhpbilliton.com Eleanor Nichols United Kingdom and South Africa Tel: +61 3 9609 2360 Mobile: +61 407 064 748 email: Eleanor.Nichols@bhpbilliton.com Jonathan Price Tel: +44 20 7802 4131 Mobile: +44 7990 527 726 United Kingdom email: Jonathan.H.Price@bhpbilliton.com Ruban Yogarajah Dean Simon Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 Tel: +44 20 7802 7461 Mobile: +44 7717 511 193 email: Ruban.Yogarajah@bhpbilliton.com email: Dean.Simon@bhpbilliton.com Jennifer White Americas Tel: +44 20 7802 7462 Mobile: +44 7827 253 764 email: Jennifer.White@bhpbilliton.com James Agar Tel: +1 212 310 1421 Mobile: +1 347 882 3011 Americas email: James.Agar@bhpbilliton.com Ruban Yogarajah Joseph Suarez Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 Tel: +1 212 310 1422 Mobile: +1 646 400 3803 email: Ruban.Yogarajah@bhpbilliton.com email: Joseph.Suarez@bhpbilliton.com BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209 Registered in Australia Registered in England and Wales Registered Office: Level 16, 171 Collins Street Registered Office: Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111 Members of the BHP Billiton Group which is headquartered in Australia Sponsor: Merrill Lynch South Africa Proprietary Limited Date: 15/08/2014 07:05:00 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.