Director Shareholding

BHP Billiton Limited
24 February 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.



24 February 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 3X of the Listing Rules

      Initial Notification of Interests of Directors and Connected Persons

Name of entities               BHP Billiton Limited                    BHP Billiton Plc
                               ABN 49 004 028 077                      REG NO 3196029

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 Initial Notification is filed in consequence of Listing Rules of the ASX
which requires the following information concerning a director on appointment to
that office.

We (the entities) advise the following information under ASX Listing Rule
3.19A.1 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 M Salamon
Date of appointment                     24 February 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

21 849 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

Billiton ESOP Trustees Limited as                               354 203 ordinary shares in
trustee of the Billiton Employee Share Ownership Trust. Under   BHP Billiton Plc
the Trust,
all employees of BHP Billiton Plc, including its executive
directors (of which Mr Salamon is one) are potential
beneficiaries of the Trust under provisions allowing the
Trustee discretion to distribute excess Trust assets, either
on winding up of the Trust or before. The executive directors
therefore have an interest in the balance of the shares in
BHP Billiton Plc held in the Trust at any one time.

Vidacos Nominees Limited as trustee of a family trust of
which the director is a potential beneficiary.
                                                              695 502 ordinary shares in
Fenchurch Street Limited as trustee of a family trust of      BHP Billiton Plc
which the director is a potential beneficiary.

Gardenview Nominees Limited as trustee of a family trust of   70 389 ordinary shares in
which the director is a potential beneficiary.                BHP Billiton Plc


                                                              189 543 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                                            • Restricted Share Awards under the BHP Billiton Plc
                                                           Restricted Share Scheme (RSS)
                                                                 • 186 200 on 1.10.01
                                                                 • 11 963 on 22.7.02 (bonus)
                                                         • Shares in BHP Billiton Plc under the BHP Billiton Plc
                                                           Co-Investment Plan (CIP)
                                                                 • 24 873 committed shares and 75 861 matching shares
                                                                   on 1.10.01
                                                                 • 1 598 committed shares and
                                                                   4 874 matching shares on 22.7.02 (bonus)


                                                           - Shares in BHP Billiton Plc under the BHP Billiton Plc Group
                                                           Incentive Scheme (GIS)

                                                                 • 193 706 on 12.11.02

Period during which or date on which exercisable         • Restricted Share Awards under the RSS


                                                               - 3 years from date of grant dependant upon company
                                                               performance with the potential of three performance
                                                               periods

                                                         • Shares under the CIP

                                                                      -  subject to performance conditions,
                                                                         80% of the committed shares are
                                                                         exercisable 2 years from the date of
                                                                         grant and 125% of the committed and
                                                                         matching shares are exercisable
                                                                         4 years from date of grant

                                                         • Shares under the GIS


                                                               - 1 July 2005, the number of shares being released
                                                               subject to performance conditions





Part 4 - Director's interests in options or other rights granted by the entities

(cont'd)
Total amount paid (if any) for the grant                        • Restricted Share Awards under the RSS


                                                                      - Nil

                                                                • Shares under the CIP
                                                                    • £2.74 for each committed share
                                                                      pre bonus
                                                                    • Nil for each matching share

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

Total number of securities over which options or other rights 499 075 (RSS 19 863, CIP 107 206 and GIS 193 706) ordinary
held at the date of this notice                               shares in BHP Billiton Plc (maximum)
Any additional information                                                                -







Part 5 - Contact details

Name of authorised officers responsible for making this       Mr R V Taylor - BHP Billiton Limited
notification on behalf of the entities
                                                              Ms E Hobley - BHP Billiton Plc

Contact details                                               Mr R V Taylor     Tel:     [phone]
                                                                                Fax:     [phone]

                                                              Ms E 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


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