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BHP BILLITON PLC - Demerger of South32 Completion of the Sale Facility

Release Date: 07/07/2015 07:05
Code(s): BIL     PDF:  
Wrap Text
Demerger of South32 Completion of the Sale Facility

 BHP Billiton Plc
 Registration number 3196209
 Registered in England and Wales
 Share code: BIL
 ISIN: GB0000566504


 Company Secretariat


 7 July 2015

 To:       Australian Securities Exchange                                          cc:     New York Stock Exchange
           London Stock Exchange                                                           JSE Limited

                                         Demerger of South32
         Remittance of proceeds to Selling Shareholders and Ineligible Overseas Shareholders

 Name of entities                     BHP Billiton Limited                         BHP Billiton Plc
                                      ABN 49 004 028 077                           Registration Number 3196209

BHP Billiton advises that following completion of the demerger of South32, the sale of the South32
Shares attributable to Selling Shareholders (being Small Shareholders who elected to participate in the
Sale Facility) and Ineligible Overseas Shareholders, as detailed in section 7.12 of the Shareholder
Circular dated 16 March 2015, has been completed.

Goldman Sachs Australia Pty Limited was engaged as the Sale Agent.

The volume-weighted average price (VWAP) of the South32 Shares sold was A$2.07358452.

The following table details the currency exchange rates applicable to the remittance of proceeds from the
sale of the South32 Shares:

 VWAP of South32 Shares                                         Exchange rate                             Price of South32 Share sold
 sold A$2.07358452                                                                                        in local currency

 US cents                                                        0.7705                                   159.769687

 British pence                                                   0.4895                                   101.501962

 New Zealand cents                                               1.1335                                   235.040805

 South African cents                                             9.3500                                   1938.801526

Proceeds will be distributed to participating Small Shareholders and Ineligible Overseas Shareholders on
10 July 2015 in the currency elected in the Selling Shareholder’s or Ineligible Overseas Shareholder’s
standing dividend currency election, or if an election was not made before the relevant Record Date, in
the currency in which the Selling Shareholder is paid their BHP Billiton dividend.


Rachel Agnew
Company Secretary

 Transaction sponsor: UBS South Africa (Pty) Limited

 BHP Billiton Limited ABN 49 004 028 077                                                 BHP Billiton Plc Registration number 3196209
 Registered in Australia                                                                 Registered in England and Wales
 Registered Office: 171 Collins Street Melbourne Victoria 3000                           Registered Office: Neathouse Place, London SW1V 1LH United Kingdom

                                               The BHP Billiton Group is headquartered in Australia

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