BHP Onesteel Spin Out Schemes

Broken Hill Proprietary Co Ld
20 October 2000

LETTER TO COMPANY ANNOUNCEMENTS OFFICE

I advise that The Broken Hill Proprietary Company Limited today lodged with
the Australian Securities and Investments Commission (ASIC) office copies of
the orders made by Warren J of the Victorian Supreme Court on 18 October 2000
approving the schemes of arrangement between the Company and holders of both
its fully paid and partly paid ordinary shares.

On lodging the Court orders with ASIC, the schemes of arrangement become
effective pursuant to section 411 of the Corporations Law and the spin-out of
OneSteel from BHP will occur on 31 October 2000.


R V Taylor
Assistant Secretary