BHP Group plc (JSE:BHG) News - BHP completes divestment of BMC interest 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 3 May 2022 Release number 13/22 BHP completes the divestment of its BMC interest BHP has today completed the sale of its 80 per cent interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings Pty Ltd, a wholly owned entity of Stanmore Resources Limited (Stanmore Resources). Stanmore Resources has paid US$1.1 billion cash consideration at completion plus a preliminary completion adjustment of approximately US$200 million for working capital. US$100 million cash remains payable to BHP in six months on 3 November 2022 with potential for an additional amount of up to US$150 million in a price-linked earnout payable to BHP in the 2024 calendar year. The total cash consideration for the transaction will be up to US$1.35 billion plus the final completion adjustment amount. Stanmore Resources is an Australian Securities Exchange listed business with operations in Queensland’s Bowen Basin and has committed to oversee and operate BMC in compliance with industry best practice in relation to safety and environmental performance, as well as regulatory, community and workforce engagement. ENDS About BMC BMC is an operated metallurgical coal joint venture in Queensland Australia which comprises the Poitrel and South Walker Creek operations, Red Mountain Infrastructure and the Wards Well development. Further information on BHP can be found at: bhp.com 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 Dinesh Bishop Tel: +61 3 9609 3830 Mobile: +61 407 033 909 Mobile: +61 411 071 715 Europe, Middle East and Africa Europe, Middle East and Africa Neil Burrows James Bell Tel: +44 20 7802 7484 Tel: +44 2078 027 144 Mobile: +44 7786 661 683 Mobile: +44 7961 636 432 Americas Americas Judy Dane Sabrina Goulart Tel: +1 713 961 8283 Mobile: +1 832 781 6698 Mobile: +1 713 299 5342 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 Follow us on social media Date: 03-05-2022 09:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.