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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
EXULT, Inc.
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(Name of Issuer)
Common Stock $.0001 par value
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(Title of Class of Securities)
302284 10 4
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(CUSIP Number)
June 1, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
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CUSIP No. 302284 10 4
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<S> <C> <C>
1. Name of Reporting Person
BP International Limited
I.R.S. Identification No. of Above Person (entities only).
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization England and Wales
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Number of Shares 5. Sole Voting Power 8,607,465
Beneficially Owned
by Each Reporting 6. Shared Voting Power -0-
Person With:
7. Sole Dispositive Power 8,607,465
8. Shared Dispositive Power -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 8,607,465
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
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11. Percent of Class Represented by Amount in Row (9) 10.2%
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12. Type of Reporting Person (See Instructions) CO
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</TABLE>
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ITEM 1.
(a) Name of Issuer
EXULT, Inc.
(b) Address of Issuer's Principal Executive Offices:
4 Park Plaza, Suite 1000
Irvine, California 92614
ITEM 2.
(a) Name of Person Filing
BP International Limited
(b) Address of Principal Business Office
Britannic House
1 Finsbury Circus
London EC2M 7BA England
(c) Citizenship or Place of Organization
England and Wales
(d) Title of Class of Securities
Common Stock
$ .0001 par value
(e) CUSIP Number: 302284 10 4
ITEM 3.
If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or
(c) check whether the person filing is a:
Not Applicable
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ITEM 4. OWNERSHIP
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<S> <C> <C>
(a) Amount beneficially owned: 8,607,465
(b) Percent of class: 10.2%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 8,607,465
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of: 8,607,465
(iv) Shared power to dispose or to direct the disposition of: -0-
</TABLE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATIONS
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: June 12, 2000
FOR AND ON BEHALF OF
BP INTERNATIONAL LIMITED
/s/ JEFFREY H. DURKIN
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Signature
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Name: JEFFREY H. DURKIN
Title: LEGAL ADVISER AND AUTHORIZED
ATTORNEY
