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Update – United Kingdom group action

Published: 2023-03-16 08:05:46 ET

BHP Group Limited
BHP Group Limited ABN 49 004 028 077
Registered in Australia
Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000
Share code: BHG
ISIN: AU000000BHP4


NEWS RELEASE
Release Time            IMMEDIATE
Date                    15 March 2023
Release Number          06/23

                                Update – United Kingdom group action
BHP notes recent media commentary regarding the addition of new claimants to the United Kingdom group
action complaint related to the Fundão Dam collapse.

BHP Group Limited and BHP Group (UK) Limited (formerly BHP Group Plc) are defendants to a group action
brought by claimants in the English High Court seeking damages for alleged losses in relation to the Fundão
Dam collapse in 2015 (the English Proceedings). The Fundão Dam was owned and operated by Samarco
Mineracao S.A. (Samarco), a non-operated joint venture between BHP Billiton Brasil Ltda (BHP Brasil) (a
subsidiary of BHP Group Limited) and Vale S.A (Vale). BHP Brasil and Vale each hold a 50 per cent interest in
Samarco.

BHP filed its defence to the English Proceedings in December 2022 and denies the claims in their entirety. On 25
February 2023, a further claim was filed to add approximately 500,000 new claimants to the English Proceedings.
Full details of the claims have not been received and the amount of damages sought in the English Proceedings
remains unspecified.

As noted in BHP’s results for the half year ended 31 December 2022, the Group’s provision related to the
Samarco dam failure is US$3.122 billion as at 31 December 2022. Further details of the Group’s provisions and
contingent liabilities related to the Fundão Dam collapse are also set out in BHP’s financial statements for the full
year ended 30 June 2022. Given the status of the English Proceedings, it is not possible to provide a range of
possible outcomes or a reliable estimate of potential future exposures to BHP in connection with these
proceedings.

BHP will continue to defend the English Proceedings which it believes are unnecessary because they duplicate
matters already covered by the existing and ongoing work of the Renova Foundation and legal proceedings in
Brazil. All claimants have avenues in Brazil to resolve any potential claims including avenues established through
the Brazilian Courts.

BHP Brasil remains fully committed to supporting the extensive ongoing remediation and compensation efforts in
Brazil through the Renova Foundation. The Renova Foundation has spent R$28.1 billion (approximately US$5.9
billion) on comprehensive remediation and compensation programs to 31 December 2022. This includes over
R$13.5 billion (over US$2.6 billion) paid in indemnities and emergency financial assistance to approximately
410,000 people. In addition, approximately 70% of the resettlement cases for the communities impacted by the
Fundão Dam collapse have been completed.
Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary


Sponsor: J.P. Morgan Equities South Africa Proprietary Limited


Media Relations                                             Investor Relations

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


Australia and Asia                                          Australia and Asia
Gabrielle Notley                                            John-Paul Santamaria
Tel: +61 3 9609 3830                                        Mobile: +61 499 006 018
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Europe, Middle East and Africa                              Europe, Middle East and Africa
Neil Burrows                                                James Bell
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Americas                                                    Americas
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BHP Group Limited ABN 49 004 028 077
LEI WZE1WSENV6JSZFK0JC28
Registered in Australia
Registered Office: Level 18, 171 Collins Street
Melbourne Victoria 3000 Australia
Tel +61 1300 55 4757 Fax +61 3 9609 3015

BHP Group is headquartered in Australia
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