BIL 201712220001A
Samarco Update

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




NEWS RELEASE

Release Time       IMMEDIATE
Date               22 December 2017
Location           Melbourne
Release Number     37/17



SAMARCO UPDATE

BHP has agreed to fund a total of up to US$181 million (BHP Billiton Brasil Ltda
(BHP Brasil) share) in financial support for the Renova Foundation and Samarco
Mineração S.A. (Samarco) until 30 June 2018.

An amount of US$133 million will be used to fund the Renova Foundation to
undertake remediation and compensation programs identified under the agreement
dated 2 March 2016 between Samarco, Vale S.A., BHP Brasil and the Brazilian
Authorities. This amount will be offset against the Group’s provision for the Samarco
dam failure.

An amount of US$48 million will be made available to Samarco. This amount
includes a short-term facility of up to US$42 million (BHP Brasil’s share) to carry out
ongoing repair works, maintain Samarco’s facilities and support restart planning, and
an amount of US$6 million to cover fees payable to experts appointed in connection
with the remediation and compensation programs. 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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