BHP Group Limited — Capital/Financing Update 2008

Apr 21, 2008

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22 April 2008

Company Announcements Office Australian Stock Exchange Level 10, 20 Bond Street SYDNEY NSW 2000

By ASX Online

No. of pages: 2

DECMIL PREFERRED CONTRACTOR FOR $38 MILLION PROJECT

Please find attached an announcement regarding Paladio Group Limited’s (ASX: PDO) subsidiary, Decmil Australia Pty Ltd, being declared preferred contractor for a $38 million project by BHP Billiton.

Yours faithfully, PALADIO GROUP LIMITED

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Dick Wright Managing Director

DECMIL PREFERRED CONTRACTOR FOR $38 MILLION PROJECT

Paladio Group Limited ( Paladio ) is pleased to announce that its subsidiary, Decmil Australia Pty Ltd, has been declared preferred contractor for a $38 million project by BHP Billiton as part of that client’s RPG4 program. Formal award is subject to finalisation of pricing which is expected to be determined by 20 May 2008.

The scope of works consists of:

• Construction of new building complexes at Finucane Island that includes administration offices, health and safety facilities, staff amenities, workshops, a warehouse, a vehicle refueling facility, light vehicle wash bay, roads, stormwater drainage, package sewerage treatment plant and landscape works;

• Construction of a new building at Nelson Point for a port and rail operations control room including general offices, meeting room and amenities;

• Installation of various items relating to railway maintenance (mechanical) equipment and the construction of minor civil and structural works to the existing Ore Car Repair Workshop; and

• Relocation of the Under Floor Wheel Lathe in the Boodarie workshop at Finucane Island.

Work on this project is to commence immediately and is expected to be completed in early calendar 2009.

Commenting on this event, Paladio’s Managing Director, Mr. Dick Wright, said “The winning of this project by Decmil continues the long standing working relationship which Decmil has enjoyed with this important client. Overall, the outlook for Decmil and other Paladio subsidiaries remain buoyant and the Group remains confident of entering the 2008/09 financial year with a strong order book.”

For more information about this announcement or Paladio Group Limited generally, please contact:

Mr. Dick Wright, Managing Director, or Mr. Len Troncone, Chief Financial Officer, on 08 9262 9999