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  1. This website and the content thereof are the copyright of Elliott Advisors (HK) Limited (“Elliott”). Neither BHP Billiton Plc (“PLC”), BHP Billiton Limited (“Limited” and together with PLC, “BHP”), nor any member of the BHP group has approved, or has any responsibility for, this website, its contents, or the materials on this website (such materials, this website and its contents being the “Materials”).
  2. The Materials are for informational purposes only and may not be relied on by any person for any purpose and are not, and should not be construed as, investment, financial, legal, tax or other advice or recommendations. The Materials are not intended to be and do not constitute or contain any investment recommendation as defined by Regulation (EU) No 596/2014, or any financial product advice as defined in the Corporations Act 2001 (Cth). No information in any of the Materials should be construed as recommending or suggesting an investment strategy or as representing any opinion as to the present or future value of any financial instrument. Investors should seek their own financial, legal and tax advice in respect of any decision regarding BHP.
  3. Elliott International, L.P. and/or Elliott Associates, L.P. (together, the “Elliott Funds”) and/or any of their respective affiliates (i) may at any time in the future, without notice to any person (other than as required under, or in compliance with, applicable laws and regulations), increase or reduce their holdings of any BHP group entity’s shares or other equity or debt securities and/or may at any time have long, short, neutral or no economic or other exposure in respect of any BHP group entity’s shares or other equity or debt securities; and/or (ii) may now have and/or at any time in the future, without notice to any person (other than as required under, or in compliance with, applicable laws and regulations), may establish, increase and/or decrease long or short positions in respect of or related to any BHP group entity’s shares or other equity or debt securities, in each case irrespective of whether or not all or any of the Value Unlock Plan (as defined in the Materials) and/or any other Elliott proposals are, or are expected to be, implemented. As a result of its arrangements with the Elliott Funds and/or their affiliates, Elliott has a financial interest in the profitability of the Elliott Funds’ positions in or relating to BHP.
  4. The Materials have been compiled based on publicly available information (which has not been separately verified by Elliott, the Elliott Funds, or any of their respective affiliates) and do not:
    • purport to be complete or comprehensive; or
    • constitute an agreement, offer, a solicitation of an offer, or any advice to enter into or conclude any transaction or take or refrain from taking any other course of action (whether on the terms shown therein or otherwise).
  1. Many of the statements in the Materials are the opinions, interpretations and/or beliefs of Elliott which are based on its own analysis of publicly available information. Elliott is expressing those opinions, interpretations and beliefs solely in its capacity as an investment adviser to the Elliott Funds. Any representation, statement or opinion expressed or implied in the Materials is provided in good faith but only on the basis that no investment decision(s) will be made based on, or other reliance will be placed on, any of the contents therein by others. Nothing in the Materials or in any related materials is a statement of or indicates or implies any specific or probable value outcome for BHP’s shareholders in any particular circumstance. Certain statements and opinions expressed or implied in the Materials are necessarily based on or involve assumptions, because not all information on BHP is publically available. If any of these assumptions are incorrect, it could cause Elliott’s statements and/or opinions to differ materially.
  2. The Materials contain “forward-looking statements”. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may”, “can”, “will”, “expects”, “believes”, “anticipates”, “plans”, “estimates”, “projects”, “targets”, “forecasts”, “seeks”, “could”, “would” or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe any objectives, plans or goals of the Elliott Funds and/or Elliott and/or their respective affiliates are forward-looking. Any forward-looking statements are based on the current intent, belief, expectations, estimates and projections of Elliott. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to differ materially. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.
  3. The Materials may include content or quotes from, or hyperlinks to, news coverage or other third party sources (“Third Party Materials”).  The content of the Third Party Materials has not been independently verified by Elliott and does not necessarily represent the views of Elliott, the Elliott Funds or any of their respective affiliates. The authors and/or publishers of the Third Party materials are independent of, and may have different views to, Elliott. The making available of Third Party Materials on this website does not imply that any of Elliott, the Elliott Funds and/or their respective affiliates endorses or concurs with any part of the content of the Third Party Materials or that any of the authors or publishers of the Third Party Materials endorses or concurs with any views which have been expressed by Elliott on the relevant subject matter. The Third Party Materials may not be representative of all relevant news coverage or views expressed by other third parties on the stated issues.
  4. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained in the Materials, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the Materials. It should not be regarded by recipients as a substitute for the exercise of their own judgment. You should regard the information set out or referred to on the web pages as being qualified by the information set out at the “Shareholder Information” tab. You should obtain your own professional advice and conduct your own independent evaluation with respect to the subject matter of the Materials and any related information. Each of the Elliott Funds, Elliott, and their respective affiliates expressly disclaims any responsibility or liability for any loss howsoever arising from any use of, or reliance on, any of the Materials or any of their contents as a whole or in part by any person, or otherwise howsoever arising in connection with the same. Elliott and/or any if its affiliates may without notice to any person change all or any part of the Materials, but are not under any obligation to provide any amended, updated or additional information or Materials or to correct any inaccuracies in the Materials.
  5. As at July 17, 2017 the Elliott Funds and certain of their affiliates hold a long economic interest in each of PLC and Limited.