• BHP confirms it is no longer considering a combination with Anglo American
• BHP believes the combination would have created significant value for stakeholders
• BHP is confident in its own organic growth strategy

BHP Group Limited has confirmed that it is no longer considering a combination with Anglo American plc, following preliminary discussions with Anglo American's Board of Directors. While BHP continues to believe that a combination with Anglo American would have had strong strategic merits and created significant value for all stakeholders, BHP is confident in the highly compelling potential of its own organic growth strategy. This announcement is made under Rule 2.8 of the UK City Code on Takeovers and Mergers, and BHP reserves the right to set aside this statement in certain circumstances, such as if Anglo American's Board agrees, a third party announces a firm intention to make an offer for Anglo American, or Anglo American announces a Rule 9 waiver proposal or a reverse takeover. BHP has appointed Lazard, UBS, and Barclays as its joint lead financial advisors in relation to this matter.