Update on BHP Steel Listing

BHP Billiton Limited
10 December 2001




    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.


Date: 10th December 2001



               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 [phone]



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



BHP Billiton Limited ABN 49 004 028  077  BHP Billiton Plc Registration number
Registered in Australia                   3196209
Registered Office: 600 Bourke Street      Registered in England and Wales
Melbourne Victoria 3000                   Registered Office: 1-3 Strand London
Telephone [phone] Facsimile +61 3 WC2N 5HA United Kingdom
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                                          [phone]

             The BHP Billiton Group is headquartered in Australia