Director Shareholding

BHP Billiton Limited
06 January 2003

     BHP Billiton Limited is issuing this announcement to fulfil disclosure
  obligations arising from its secondary listing on the London Stock Exchange.

    The text of this release is identical to that issued by BHP Billiton Plc
                                    earlier.



6 January 2003


To:      Australian Stock Exchange                                 cc:     New York Stock Exchange
         Companies Announcements Office                                    Swiss Stock Exchange
                                                                           New Zealand Stock Exchange
         London Stock Exchange                                             Johannesburg Stock Exchange
         Companies Announcements Office                                    Paris Bourse (Euronext)
                                                                           Deutsche Bank





                    Australian Stock Exchange Limited (ASX)

                        Appendix 3Z of the Listing Rules

       Final Notification of Interests of Directors and Connected Persons

Name of entities               BHP Billiton Limited                    BHP Billiton Plc
                               ABN 49 004 028 077                      REG NO 3196209

As part of a dual listed company structure, the BHP Billiton Group has agreed to
adopt the better of the existing governance practices between BHP Billiton Plc
and BHP Billiton Limited. As a result, the Group voluntarily notifies all stock
exchanges on which either BHP Billiton Plc or BHP Billiton Limited have primary
or secondary listings, all those interest of directors of both entities in the
securities of both entities (and changes to those interests) which are required
to be disclosed under the ASX Listing Rules, the Listing Rules of the United
Kingdom Listing Authority, the Australian Corporations Act, the United Kingdom
Companies Act and the Group's Securities Dealing Code.

This Final Notification is filed in consequence of Listing Rules of the ASX
which requires the following information concerning a director on retirement
from that office.

We (the entities) advise the following information under ASX Listing Rule
3.19A.3 and as agent for the director for the purposes of section 205G of the
Australian Corporations Act and otherwise in accordance with the foregoing
policy.

Name of director                                                     Mr B P Gilbertson
Date of last notice                                                  15 November 2002
Date that director ceased to be a director                           5 January 2003

Part 1 - Director's relevant interests in securities of which the director is
the registered holder

In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust.

Number & class of securities

415 050 ordinary shares in BHP Billiton Plc







Part 2 - Director's relevant interests in securities of which the director is
not the registered holder

Included in this Part is:

  • in the case of a trust, interests in the trust made available by the
    responsible entity of the trust;
  • details of the circumstance giving rise to the relevant interest; and
  • the relevant interest of Connected Persons as defined in the United
    Kingdom Companies Act, their identity and relationship to the director. The
    definition includes spouses and children under 18 years of age.

Name of holder & nature of interest                          Number & class of securities

Vidacos Nominees Limited (trustee)                           286 379 ordinary shares in BHP Billiton Plc

Billiton ESOP Trustee Limited a/c GILB (trustee)             259 854 ordinary shares in BHP Billiton Plc





Part 3 - Director's interests in contracts other than as described in Part 4

Detail of contract                                                                        -
Nature of interest                                                                        -
Name of registered holder                                                                 -
(if issued securities)
No. and class of securities to which interest relates                                     -

Part 4 - Director's interests in options or other rights granted by the entities
Date of grant                                                                      8.11.01 Restricted Share Awards 
                                                                                   (292 577)

                                                                                   8.11.01 Co-Investment Plan (100 945)

                                                                                   12.11.02 Performance Shares (366 589)
Period during which or date on which exercisable                                   Restricted Share Awards - 3 years
                                                                                   from date of grant

                                                                                   Co-Investment Plan -

                                                                                   2 and 4 years from date of grant

                                                                                   Performance Shares - not before
                                                                                   1.7.2005
Total amount paid (if any) for the grant                                           Nil - Restricted Share Awards

                                                                                   Nil - Performance Shares

                                                                                   £3.0375 - for each committed share
                                                                                   under the Co-Investment Plan

                                                                                   (Nil for matching shares)

Exercise price (if fixed at time of grant) or indication that price is to be fixed Nil
at time of exercise

Total number of securities over which options or other rights held at the date of  760 111
this notice

Any additional information                                                         -



Part 5 - Contact details

Name of authorised officers responsible for making Mr R V Taylor - BHP Billiton Limited
this notification on behalf of the entities
                                                   Ms E A Hobley - BHP Billiton Plc BHP Billiton Plc
Contact details                                    Mr R V Taylor Tel: [phone]
                                                   Fax: [phone]

                                                   Ms E A Hobley Tel: [phone]
                                                   Fax: [phone]




BHP Billiton Limited ABN 49 004 028 077                     BHP Billiton Plc Registration number 3196209
Registered in Australia                                     Registered in England and Wales
Registered Office: 600 Bourke Street Melbourne Victoria     Registered Office: 1-3 Strand London WC2N 5HA United Kingdom
3000                                                        Telephone [phone] Facsimile [phone]
Telephone [phone] Facsimile [phone]

              The BHP Billiton Group is headquartered in Australia


                      This information is provided by RNS
            The company news service from the London Stock Exchange