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DEMERGER OF BHP STEEL - BONUS ISSUE OF BHP BILLITON PLC SHARES
BHP Billiton today announces that holders of ordinary shares in BHP
Billiton Plc will receive a bonus issue of 1 new BHP Billiton Plc share
for each 15.5648 BHP Billiton Plc shares held. Fractional entitlements
will be rounded up (to the nearest whole new BHP Billiton Plc share) if
the fractional entitlement would represent half or more than half of a
BHP Billiton Plc share, or otherwise rounded down. The shares will be
issued on 22 July 2002 to holders of BHP Billiton Plc shares on the
register as at Friday, 19 July 2002 (except for shareholders registered
in the South African section of the register, where the bonus shares
will be issued on 29 July 2002 to holders on the register as at Friday,
26 July 2002).
As previously advised, this bonus issue in favour of BHP Billiton Plc
shareholders is being made to reflect the value distributed to BHP
Billiton Limited shareholders as a result of the demerger of BHP Steel.
The size of the bonus issue has been determined using the formula set
out in the documents sent to shareholders in May 2002, and will result
in the issue of approximately 148,999,530 new BHP Billiton Plc shares
(subject to rounding of fractional entitlements).
For further information, please contact:
Australia United Kingdom
Andrew Nairn, Investor Mark Lidiard, Investor &
Relations Media Relations
Tel: + 61 3 9609 3952 Tel: +44 20 7747 3956
Mobile: +61 408 313 259
email: email:
Andrew.W.Nairn@bhpbilliton.co Mark.Lidiard@bhpbilliton.com
m
Mandy Frostick, Media South Africa
Relations Michael Campbell, Investor &
Tel: + 61 3 9609 4157 Media Relations
Mobile: +61 419 546 245 Tel: + 27 11 376 3360
email: Mobile: + 27 82 458 2587
Mandy.J.Frostick@bhpbilliton. email:
com Michael.J.Campbell@bhpbillit
on.com
United States
Francis McAllister, Investor
Relations
Tel: +1 713 961 8625
Mobile: +1 713 480 3699
email:
Francis.R.McAllister@bhpbilli
ton.com
Date: 22/07/2002 08:00:00 AM Produced by the JSE SENS Department
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