Enhanced Investments - Financial Portal

Review of Employee Allowances and Entitlements

Published: 2023-06-01 09:15:24 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                    1 June 2023
Release Number          11/23


        REVIEW OF EMPLOYEE ALLOWANCES AND ENTITLEMENTS

BHP has identified issues with certain allowances and entitlements affecting a number of its
current and former employees in Australia.

A preliminary review suggests that certain rostered employees across our Australian operations
have had leave incorrectly deducted on public holidays since 2010. There are approximately
28,500 affected current and former employees with an average of 6 leave days in total that have
been incorrectly deducted from affected employees over this 13 year period.

Initial investigations also suggest that OZ Minerals has been affected by a similar leave
deduction issue before being acquired by BHP in May 2023.

In addition, BHP has identified that approximately 400 current and former employees at Port
Hedland are entitled to additional allowances due to an error with the employment entity in their
contract.

Based on currently available information, it is estimated that the cost of remediating the leave
issue and the contracting issue will be up to US$280 million pre tax, incorporating on
costs including associated superannuation and interest payments (BHP share). BHP is
continuing to investigate and an update will be provided in our full year results in August.

Geraldine Slattery, President Australia said: “We are sorry to all current and former employees
impacted by these errors. This is not good enough and falls short of the standards we expect at
BHP. We are working to rectify and remediate these issues, with interest, as quickly as
possible.”

Protiviti, a global assurance firm, has been engaged to conduct a thorough review of our payroll
systems.

BHP will contact affected current and former employees regarding remediation as soon as
possible and a dedicated hotline and website will be established to provide assistance from
Friday.

BHP has self-reported to the Fair Work Ombudsman.
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary


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
Mobile: +61 411 071 715
                                                      Europe, Middle East and Africa
Europe, Middle East and Africa                        James Bell
Neil Burrows                                          Tel: +44 2078 027
Tel: +44 20 7802 7484                                 144 Mobile: +44 7961 636 432
Mobile: +44 7786 661 683
                                                      Americas
Americas                                              Monica Nettleton
Renata Fernandez                                      Mobile: +1 (416) 518-6293
Tel: +56 9 8229 5357

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.