Completion of Settlement

Broken Hill Proprietary Co Ld
3 March 2000


COMPLETION OF SETTLEMENT OF THE HAWAII ANTITRUST CLAIM

The Broken Hill Proprietary Company Limited (BHP) advises that following
approval by the US District court and the expiration of the appeal period, the
settlement of the complaint brought against BHP by the State of Hawaii has now
been completed.

The completion of the settlement, which was originally announced on 23
November 1999, has resulted in the dismissal of BHP from the antitrust law
suit brought against a number of oil companies by the State of Hawaii.  The
lawsuit alleged antitrust breaches relating to the Hawaiian gasoline market. 
BHP Petroleum sold its Hawaiian business interests in 1998.  

BHP Petroleum President Philip Aiken said:'I am pleased that this settlement
has been concluded - it is a satisfactory outcome and removes a distraction
from our core business activities.'

Contact: 
MEDIA RELATIONS:       Dr Malcolm Garratt, Strategic Advisory Leader External 
                       Affairs - BHP Petroleum - Melbourne
                       Ph:        [phone]
                       Mob:       [phone]

INVESTOR RELATIONS:    Dr Robert Porter, Vice President Investor Relations -  
                       Melbourne
                       Ph:        [phone]
                       Mob:       [phone]