BIL 201802130014A
US Tax Reform

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


NEWS RELEASE

Release Time          IMMEDIATE
Date                  13 February 2018

Location              Melbourne, Australia
Release Number        02/18



US TAX REFORM

As a result of the US Tax Cuts and Jobs Act introducing a reduction in the US
Federal corporate income tax rate from 35 per cent to 21 per cent as well as other
measures, including changes to international tax provisions, BHP expects to
recognise an income tax expense of US$1.8 billion which will be treated as an
exceptional item. The two main components of this exceptional item are expected to
be:

    *   a non-cash re-measurement of deferred taxes as a result of the reduction in
        the US Federal corporate income tax rate of US$898 million; and
    *   a non-cash impairment of foreign tax credits due to reduced forecast utilisation
        of US$834 million.

The US tax reform will have a positive impact on the Group’s US attributable profits in
the longer term mainly due to the lower corporate tax rate.

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

Sponsor: UBS South Africa (Pty) Limited


Media Relations                                  Investor Relations

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Ben Pratt                                        Tara Dines
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United Kingdom and South Africa                  United Kingdom and South Africa

Neil Burrows                                     Rob Clifford




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LEI WZE1WSENV6JSZFK0JC28                          LEI 549300C116EOWV835768
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