AUG21-08

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Monitor The

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Volume 4, Thursday August 21st, 2008

Warning! BHPB shareholders are targets of scam

R

OXBY DOWNS owners of BHP Billiton shares are being targeted by an opportunist company to buy their shares at half their value. One such shareholder alerted The Monitor to the scam last week saying that while he was aware of the value of his shares and what the company Hassle Free Share Sales was trying to do, other investors might simply respond to the acceptance form without checking all the details. The letters being received by some of the shareholders indicates the number of shares owned by the person and makes the offer to buy them at $17.63, even though recognising the fact the

actual BHP share price at the time of offer was $37.15. These unsolicited offers by opportunists like Hassle Free Share Sales Pty. Ltd. are not new and there are a number of other companies operating in similar ways. Hassle Fee Share Sales has been making the same offers for Wesfarmers shares and also Woodside Petroleum and are not endorsed by the companies concerned. The Australian Securities and Investment Commission, the corporate watchdog, is apparently powerless to ban such offers if the share values are clearly disclosed.

ASIC banned similar company Share Buyback Group from making offers after ruling in 2007 that the company’s actual name could mislead shareholders. It was revealed then that new offers could be made by Hassle Free Share Sales, a separate company but with a common director. Ms Suzane Forster owns the company Hassle Free Share Sales Pty Ltd and is not associated with BHP Billiton or any of the other companies she has made offers for in the past. Shareholders who receive these offers should know that they don’t have to accept any offer and by ignoring the letters the offer will lapse. Anyone who may be tempted by the Hassle

Olympic Ambassadors Kyle Vander Kuyp and Robbie Crowther with the Roxby Downs Olympic Torch

Olympics - Roxby style

Free Share Sales offer should consider seeking independent financial advice from a qualified professional advisor before making any decision. They are also advised to read the documentation carefully, check the current market price and check all other options available. Had the Roxby Down’s man responded to the Hassle Free offer for his particular portfolio of BHPB shares he would have lost $421,600 on current share value. Anyone wanting more information on Hassle Free Share Sales Pty Ltd’s unsolicited offer or other unsolicited offers for shares refer to ASIC’s “FIDO” website for guidance. www.fido.gov.au

BHP Billiton proudly supplied the metal for medals for this year’s Beijing Olympics and in keeping with the spirit of the games, hosted an Olympic Sports Day at Roxby Downs last Friday. Students from Roxby Downs, St. Barbara’s, Woomera and Andamooka schools took part in the fun day and all received commemorative medals for their efforts. SEE STORY PAGE 16


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