BHP BILLITON PLC - Samarco Update

Release Date: 10/08/2018 07:05
Code(s): BIL
 
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BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504



NEWS RELEASE
Release Time       IMMEDIATE
Date               9 August 2018
Release Number     13/18



Samarco Update

US Samarco Class Action settled


BHP has reached an agreement to settle the class action complaint filed in the US District Court of the Southern District of New York on behalf of purchasers of American Depositary Receipts of BHP Billiton Limited and BHP Billiton Plc between 25 September 2014 and 30 November 2015(1) in relation to the Samarco dam failure on 5 November 2015. Under the terms of the agreement, BHP has agreed to pay the plaintiffs US$50 million, with no admission of liability. The agreement is subject to approval by the District Court. Governance Agreement ratified
On 25 June 2018, BHP announced that various parties(2) had entered into a Governance Agreement which settles the BRL20 billion Civil Claim, enhances community participation in decisions related to the remediation and compensation programs under the Framework Agreement (Programs), and establishes a process to renegotiate those Programs over two years and to progress settlement of the BRL155 billion Civil Claim.
On 8 August 2018, the 12th Federal Court of Minas Gerais formally ratified the Governance Agreement. Further information on BHP can be found at bhp.com
(1) In August 2017, the District Court dismissed the claims in part, including the claims against current and former executive officers and directors.
(2) The parties the Governance Agreement include Samarco Minerac?o S.A., Vale S.A., BHP Billiton Brasil Ltda, the Federal Government of Brazil, the Brazilian states of Espirito Santo and Minas Gerais, the Public Prosecutors Office, the Public Defense Office and other public authorities. Sponsor: UBS South Africa (Pty) Limited
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BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209 LEI WZE1WSENV6JSZFK0JC28 LEI 549300C116EOWV835768 Registered in Australia Registered in England and Wales Registered Office: Level 18, 171 Collins Street Registered Office: Nova South, 160 Victoria Street Melbourne Victoria 3000 Australia London SW1E 5LB 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 Group which is headquartered in Australia Follow us on social media
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Date: 10/08/2018 07:05:00 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, howsoe
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