BHP BILLITON UPDATE ON BHP STEEL PUBLIC LISTING
BHP Billiton Chief Development Officer Chip Goodyear today provided an
update on the proposed de-merger and public listing of BHP Steel including a
brief overview of principles related to transaction terms.
An archived audio recording of the Australian teleconference is available
via the following telephone numbers:
Australia 1800 655 401   International +61 3 9414 6837
A transcript of the briefing will be available from BHP Billiton's website
at: www.bhpbilliton.com later this week.
R V Taylor - Assistant Company Secretary
Date:  10th December 2001