MELBOURNE (dpa-AFX) - Public Investment Corp. or PIC, a major shareholder of
both Anglo American plc (AAUKY.PK, AAL.L) and BHP Group (BHP), on Wednesday said
it requires a meaningful revision of the current BHP proposal for Anglo American
to 'reflect both the embedded value of existing Anglo assets and the future
optionality and benefits that BHP can derive, specifically from Anglo's unlisted
assets.'

PIC added that there has to be future and perpetual participation by South
African shareholders in the acquired assets through the JSE.

PIC said it recognizes the positive impact of Anglo American in the South
African economy and the region at large, and the company's role in this regard
should not be diminished as a result of the proposed offer by BHP.

PIC noted that it will continue to engage both companies.



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