Half Yearly Dividend Update

BROKEN HILL PROPRIETARY COMPANY
21 September 1999

HALF YEARLY DIVIDEND
COMPANY NAME
*BROKEN HILL PROPRIETARY COMPANY
SECURITY TITLE
*Ord Shs
MNEMONIC CODE       *28ED
SEDOL CODE          *144-403
DIVIDEND AMOUNT     *A$0.25
PERIOD              *Half Yearly
PROVISIONAL EX DATE *29-10-99
RECORD DATE         *05-11-99
PAYMENT DATE        *24-11-99
DIV/SCRIP OPTION    *Info N/av
NOTES               *Confirmation of dates From Home Exchange.