BHP Billiton

July 11, 2008 12:15 ET

BHP Billiton Completes Acquisition of Anglo Potash Ltd.

LONDON, UNITED KINGDOM--(Marketwire - July 11, 2008) - BHP Billiton (NYSE:BHP) today announced that it has completed the previously announced acquisition of all the issued and outstanding common shares of Anglo Potash Ltd. ("Anglo Potash") for C$8.15 per share in cash.

This acquisition provides BHP Billiton with 100 per cent control of the Canadian potash Joint Venture development project established between BHP Billiton and Anglo Potash in June 2006.

BHP Billiton also announced that an application to delist Anglo Potash's common shares has been filed with the TSX Venture Exchange and the delisting is expected to be effective within three trading days. An application is expected to be filed shortly to allow Anglo Potash to cease to be a reporting issuer under applicable Canadian provincial securities laws.

BHP Billiton Diamonds & Specialty Products President Graham Kerr said, "I am pleased with the overwhelming support received from shareholders of Anglo Potash for this acquisition, which further enhances BHP Billiton's position in the world's major potash basin by adding flexibility for future growth."

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