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Assessment by Aust Tax Office

4th Dec 2007 07:00

BHP Billiton PLC04 December 2007 4 December 2007Number 35/07 BHP BILLITON ANNOUNCES ASSESSMENT BY AUSTRALIAN TAX OFFICE The Australian Taxation Office (ATO) has issued assessments and is in disputewith BHP Billiton Limited (BHP Billiton) and its subsidiary company, BHP (DirectReduced Iron) Pty Ltd in respect of the 2000 to 2006 income years. BHP Billitonmaintains that the Group is entitled to the tax relief claimed. The dispute is in respect of capital allowances claimed by the BHP Billitongroup of companies in relation to Boodarie Iron (Australia) which ceasedoperations in August 2005. The dispute involves primary tax of US$336 million (A$384 million) and interest(net of tax) and penalties of US$307 million (A$350 million). The Company has taken legal advice and remains confident of its position. Itintends to vigorously defend the assessment. The outcome of the dispute is unlikely to be known for some time. In themeantime BHP Billiton believes that the matter is adequately provided for in theaccounts. BHP Billiton previously announced in June 2005 that the ATO had issuedassessments against BHP Billiton Finance Limited relating to the cost of fundingthe Boodarie HBI plant. That matter is currently before the Federal Court ofAustralia. Further information on BHP Billiton can be found on our Internet site:www.bhpbilliton.com Australia United KingdomSamantha Evans, Media Relations Andre Liebenberg, Investor RelationsTel: +61 3 9609 2898 Mobile: +61 400 693 915 Tel: +44 20 7802 4131 Mobile: +44 7920 236 974email: [email protected] email: [email protected] Don Carroll, Investor Relations Illtud Harri, Media RelationsTel: +61 3 9609 2686 Mobile: +61 417 591 938 Tel: +44 20 7802 4195 Mobile: +44 7920 237 246email: [email protected] email: [email protected] United States South AfricaTracey Whitehead, Investor & Media Relations Alison GIlbert, Investor RelationsTel: US +1 713 599 6100 or UK +44 20 7802 4031 Tel: SA +27 11 376 2121 or UK +44 20 7802 4183Mobile: +44 7917 648 093 Mobile: +44 7769 936 227email: [email protected] Email: [email protected] BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209Registered in Australia Registered in England and WalesRegistered Office: Level 27, 180 Lonsdale Street Melbourne Registered Office: Neathouse Place London SW1V 1BH UnitedVictoria 3000 KingdomTelephone +61 1300 554 757 Facsimile +61 3 9609 3015 Telephone +44 20 7802 4000 Facsimile +44 20 7802 4111 The BHP Billiton Group is headquartered in Australia This information is provided by RNS The company news service from the London Stock Exchange

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