BHP GROUP PLC - BHP and Noront Resources Terminate Support Agreement

BHP and Noront Resources Terminate Support Agreement

BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91

NEWS RELEASE
Release Time                  IMMEDIATE
Date                          23 December 2021
Release Number                37/21


Update on recommended all-cash offer for Noront Resources Limited

Further to BHP’s release on 21 December 2021, in relation to the recommended all-
cash offer to acquire all of the issued and outstanding common shares of Noront
Resources Limited by BHP Western Mining Resources International Pty Ltd, an
update is provided in the attached release.

Information on BHP can be found at: bhp.com

Sponsor: UBS South Africa (Pty) Limited

Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary
                                                               Investor Relations
Media Relations
                                                               Email: investor.relations@bhp.com
Email: media.relations@bhp.com
Australia and Asia                                             Australia and Asia

Gabrielle Notley                                               Dinesh Bishop
Tel: +61 3 9609 3830 Mobile: +61 411 071 715                   Mobile: +61 407 033 909

Europe, Middle East and Africa                                 Europe, Middle East and Africa

Neil Burrows                                                   James Bell
Tel: +44 20 7802 7484 Mobile: +44 7786 661                     Tel: +44 20 7802 7144 Mobile: +44 7961 636
683                                                            432

Americas                                                       Americas

Judy Dane                                                      Brian Massey
Tel: +1 713 961 8283 Mobile: +1 713 299 5342                   Tel: +1 713 296 7919 Mobile: +1 832 870 7677

BHP Group Limited ABN 49 004 028 077                           BHP Group plc Registration number 3196209
LEI WZE1WSENV6JSZFK0JC28                                       LEI 549300C116EOWV835768
Registered in Australia                                        Registered in England and Wales
Registered Office: Level 18, 171 Collins Street                Registered Office: Nova South, 160 Victoria Street
Melbourne Victoria 3000 Australia                              London SW1E 5LB United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015                       Tel +44 20 7802 4000 Fax +44 20 7802 4111

Members of the BHP Group which is headquartered in Australia

                        BHP and Noront terminate support agreement

Melbourne, Victoria – December 23, 2021 – BHP Lonsdale Investments Pty Ltd (BHP Lonsdale), a wholly owned
subsidiary of BHP, announced today the termination of the support agreement between BHP Lonsdale, its
subsidiary BHP Western Mining Resources International Pty Ltd (BHP WMR) and Noront Resources Ltd. (TSXV:
NOT) (Noront) dated July 26, 2021, as amended (the “Support Agreement”) relating to Noront’s support of BHP
Lonsdale’s C$0.75 per share offer to acquire Noront. In accordance with the terms of the Support Agreement,
Noront has made a C$17.78 million termination payment to BHP WMR.

About BHP
BHP is a world-leading global resources company. We extract and process minerals, oil and gas, with 80,000
employees and contractors, primarily in Australia and the Americas. Our products are sold worldwide, with sales
and marketing led through Singapore and Houston, United States. Our global headquarters are in Melbourne,
Australia. Our Potash head office is in Saskatoon and our head office for metals exploration is in Toronto.

Our corporate purpose is to bring people and resources together to build a better world. Our strategy is to deliver
long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets
with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around
us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through
being industry leaders in sustainability and the creation of social value.

BHP has a strong track record in Canada
BHP has a strong track record of mining development and investment in Canada over several decades. We have
invested in diamonds, potash, exploration, Carbon Capture and Storage (CCS) research, and in environmental
preservation through the BHP Foundation in Canada’s boreal forest. We have built strong relationships with
communities and stakeholders throughout our history in Canada. Earlier this year, BHP approved US$5.7 billion in
investment for its Jansen project, for what stands to be one of the world’s largest, most modern potash mines and
a significant economic driver for Saskatchewan.
www.bhp.com

Contact details

BHP

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: +61 411 071 715                 Mobile: + 61 407 033 909

Europe, Middle East and Africa                               Europe, Middle East and Africa

Neil Burrows                                                 James Bell
Tel: +44 20 7802 7484 Mobile: +44 7786 661 683               Tel: +44 2078 027 144 Mobile: +44 7961 636 432

Americas                                                     Americas

Judy Dane                                                    Brian Massey
Tel: +1 713 961 8283 Mobile: +1 713 299 5342                 Tel: +1 713 296 7919 Mobile: +1 832 870 7677
Forward looking statements

Certain statements contained in this press release contain “forward-looking information” within the meaning of
applicable securities laws and are prospective in nature. Forward-looking information and statements are not based
on historical facts, but rather on current expectations and projections about future events, and are therefore subject
to risks and uncertainties that could cause actual results to differ materially from the future results expressed or
implied by the forward-looking statements.

Forward-looking information and statements in this press release are based on the Offeror’s, BHP Lonsdale’s and
Noront’s beliefs and opinions at the time the statements are made, and there should be no expectation that these
forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions,
future events or results or otherwise, and the Offeror, BHP Lonsdale and Noront disavow and disclaim any obligation
to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection
or estimate of the future financial performance of the Offeror or any of its affiliates or Noront.

Date: 23-12-2021 08:05:00
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