Final Dividend Notification

Broken Hill Proprietary Co Ld
24 May 2000


BHP BOARD ANNOUNCES FINAL DIVIDEND

The Board of the Broken Hill Proprietary Company Limited (BHP) today announced
a final unfranked dividend for fiscal year 2000 of 26.0 cents per fully paid
ordinary share. This brings the full year dividend to 51.0 cents unfranked. 

The dividend will be paid on 3 July 2000 with the books closing date of 9 June
2000. The dividend will be paid entirely from the foreign dividend account and
will therefore not be subject to dividend withholding tax for non-residents.

The extent to which future dividends will be franked is uncertain, but the
current outlook is for no franking of dividends for the next 12 months.

The Company's Dividend Investment Plan (DIP) and Bonus Share Plan (BSP) remain
suspended in accordance with the announcement made on 17 September 1999.


Contact:

MEDIA RELATIONS:       Mandy Frostick
                       Manager Media Relations
                       Ph:        [phone]
                       Mob:       [phone]


INVESTOR RELATIONS:    Robert Porter
                       Vice President Investor Relations
                       Ph:       [phone]
                       Mob:       [phone]