BHP Group Limited — M&A Activity 2023

Apr 17, 2023

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18 April 2023

Scheme of Arrangement becomes effective

Further to its announcement on 17 April 2023, OZ Minerals is pleased to announce that it has today lodged with the Australian Securities and Investments Commission ("ASIC") a copy of the orders of the Federal Court of Australia ("Orders") approving the scheme of arrangement pursuant to which BHP Lonsdale Investments Pty Ltd, a wholly owned subsidiary of BHP Group Limited (ASX: BHP), will acquire 100% of the shares in OZ Minerals ("Scheme").

Lodgment of Court Orders and Suspension of Trading

A copy of the Orders lodged with ASIC is annexed to this announcement as Annexure A.

The Scheme is now legally effective, and it is expected that OZ Minerals shares will be suspended from trading on ASX from the close of trading today, 18 April 2023.

Payment of Scheme Consideration and Special Dividend

As announced by OZ Minerals on 13 April 2023, OZ Minerals has declared a fully franked special dividend of $1.75 per OZ Minerals Share (“Special Dividend”).

Accordingly, OZ Minerals Shareholders (“OZ Minerals Shareholders”) will be paid on the Implementation Date (Tuesday 2 May 2023):

• $1.75 for each OZ Minerals share they hold on the Special Dividend Record Date (being 7.00pm (Melbourne time) on Friday, 21 April 2023); and

• $26.50 for each OZ Minerals share they hold on the Scheme Record Date (being 7.00pm (Melbourne time) on Monday, 24 April 2023).

Certain OZ Minerals shareholders may be able to realise the benefit of $0.75 franking credits per OZ Minerals share that will be attached to the fully franked Special Dividend. The franking credits you may be able to utilise from the Special Dividend will depend in part on your own personal circumstances in respect of which we encourage you to seek independent legal and taxation advice. Refer to the Scheme Booklet released to the ASX on 3 March 2023 for further information.

OZ Minerals Limited | ABN: 40 005 482 824 | 2 Hamra Drive, Adelaide Airport, South Australia 5950 T: +61 8 8229 6600 | F: +61 8 8229 6601 | info@ozminerals.com | www.ozminerals.com

Timetable

The key dates expected for the Scheme are set out below.

Item	Estimated date1
Special Dividend Record Date7.00pm (Melbourne time) on Friday, 21 April2023
Scheme Record Date7.00pm (Melbourne time) on Monday, 24 April2023
Implementation DateTuesday, 2 May2023

OZ Minerals will continue to update OZ Minerals shareholders regarding any material developments in relation to the Scheme.

This announcement is authorised for market release by OZ Minerals’ Board.

For further information, please contact:

Investor Relations Media

Travis Beinke Sharon Lam Group Manager Investor Relations Group Manager – Communications T: +61 8 8229 6622 T: +61 8 8229 6627 M: +61 417 768 003 M: +61 438 544 937

1 Please note that all times and dates are indicative only and subject to change. Any changes will be announced by OZ Minerals to the ASX.

Page 2 of 3 OZ Minerals ASX Release

Annexure A: Orders lodged with AISC

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Page 3 of 3

OZ Minerals ASX Release