BHP BILLITON PLC - Samarco Update

2018-08-10 07:05:00

BIL 201808100003A
Samarco Update

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




Media Relations                                   Investor Relations

Email: media.relations@bhpbilliton.com            Email: investor.relations@bhpbilliton.com


Australia and Asia                                Australia and Asia

Ben Pratt                                         Tara Dines
Tel: +61 3 9609 3672 Mobile: +61 419 968 734      Tel: +61 3 9609 2222 Mobile: +61 499 249 005

United Kingdom and South Africa                   United Kingdom and South Africa

Neil Burrows                                      Elisa Morniroli
Tel: +44 20 7802 7484 Mobile: +44 7786 661 683    Tel: +44 20 7802 7611 Mobile: +44 7825 926 646

North America                                     Americas

Judy Dane                                         James Wear
Tel: +1 713 961 8283 Mobile: +1 713 299 5342      Tel: +1 713 993 3737 Mobile: +1 347 882 3011




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




                                                                                                       2

Date: 10/08/2018 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.