On 31 January 2022, BHP Group finalised the unification of its dual-listed company corporate structure which has impacted South African shareholders. Shareholders who owned BHP Group shares on 28 January 2022, will be deemed to have disposed of their shares and acquired the new BHP Group JSE-listed shares and will have triggered a capital gains tax event. The effect of this transaction is likely to result in a realised capital gain. The taxable portion of this gain will be included in the shareholder’s taxable income for the year ended February 2022, even though no cash has changed hands.