BHP BILLITON PLC - Samarco Update

Samarco Update

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



NEWS RELEASE
Release Time       IMMEDIATE
Date               28 June 2018
Release Number     09/18



Samarco Update

BHP has agreed to fund a total of US$211 million (BHP Billiton Brasil Ltda (BHP Brasil)
share) in financial support for the Renova Foundation and Samarco Mineração S.A.
(Samarco) until 31 December 2018.

An amount of US$158 million will be used to fund the Renova Foundation to undertake
the remediation and compensation programs identified under the Framework
Agreement dated 2 March 2016 between Samarco, Vale S.A., BHP Brasil, and the
Federal Government of Brazil, the States of Minas Gerais and Espirito Santo and other
public authorities. This amount of US$158 million will be offset against the Group’s
provision for the Samarco dam failure.

A short-term facility of up to US$53 million (BHP Brasil’s share) will be made available
to Samarco to carry out ongoing repair works, maintain Samarco’s facilities and
support restart planning. Funds will be released to Samarco only as required, and
subject to achievement of key milestones.


Further information on BHP can be found at: bhp.com


Note:

Samarco Mineração S.A. is jointly owned by BHP Billiton Brasil Ltda and Vale S.A. Our 50 per
cent interest is accounted for as an equity accounted investment.




Sponsor: UBS South Africa (Pty) Limited


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Ben Pratt                                         Andrew Gunn
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