BHP to Frank Final Dividend

BHP Limited
13 March 2001

Date      13 March 2001

Number    24/01


                         BHP TO FRANK FINAL DIVIDEND


BHP Limited (BHP) today advised that it expects to recommence paying fully
franked dividends, starting with its next dividend payment.

The next dividend payment would normally be declared at the time of the third
quarter financial results, scheduled for 3 May 2001, and be paid to
shareholders in early July 2001.

An unfranked interim dividend of 25.0 cents per share was paid to shareholders
on 6 December 2000.

BHP Chairman Don Argus said: 'The strong operating and financial performance
of the company has allowed us to reinstate franking for shareholders earlier
than we had previously expected.

'The Board realises the importance of a franked dividend to many of our
shareholders and is pleased the Company's performance can support such a
position,' he said.

Further information can be found on our Internet site: http://www.bhp.com

Contact:

MEDIA RELATIONS

Mandy Frostick
Manager Media Relations
Ph: 61 3 9609 4157
Mob: [phone]

INVESTOR RELATIONS
Andrew Nairn
Senior Business Analyst
Ph: 61 3 9609 3952
Mob: [phone]

Francis McAllister
Vice President Investor Relations, Houston (North America)
Tel: [phone]